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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 657.4 $ 707.4 $ 2,015.0 $ 2,157.9
Cost of products sold 489.9 512.0 1,484.3 1,554.9
Gross Profit 167.5 195.4 530.7 603.0
Selling, general and administrative expenses 109.5 120.7 338.0 375.3
Impairment and restructuring charges 5.3 4.4 18.7 12.0
Gain (Loss) on Disposition of Business 0.0 0.0 0.0 0.3
Pension Settlement Charges 10.3 3.6 11.9 223.2
Operating Income (Loss) 42.4 66.7 162.1 (7.8)
Interest expense (8.0) (8.6) (25.1) (25.0)
Investment Income, Interest 0.4 0.6 1.1 2.0
Continued Dumping & Subsidy Offset Act (CDSOA) receipts, net of expense (0.2) 0.0 53.6 0.0
Other (expense) income, net (0.1) (0.8) (1.8) (0.8)
Income (Loss) Before Income Taxes 34.5 57.9 189.9 (31.6)
Provision (benefit) for income taxes 13.5 (6.6) 61.1 1.0
Net Income 21.0 64.5 128.8 (32.6)
Net (loss) income attributable to noncontrolling interest 0.4 1.1 0.3 2.5
Net Income (loss) attributable to The Timken Company $ 20.6 $ 63.4 $ 128.5 $ (35.1)
Net Income per Common Share attributable to The Timken Company Common Shareholders        
Basic earnings per share $ 0.26 $ 0.76 $ 1.63 $ (0.41)
Diluted earnings per share 0.26 0.75 1.62 (0.41)
Common Stock, Dividends, Per Share, Declared $ 0.26 $ 0.26 $ 0.78 $ 0.77