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Equity (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Equity
The changes in the equity components for the nine months ended September 30, 2016 were as follows:
 
 
The Timken Company Shareholders
 
 
Total
Stated
Capital
Other
Paid-In
Capital
Earnings
Invested
in the
Business
Accumulated
Other
Comprehensive
(Loss)
Treasury
Stock
Non-
controlling
Interest
Balance at December 31, 2015
$
1,344.6

$
53.1

$
905.1

$
1,457.6

$
(287.0
)
$
(804.3
)
$
20.1

Net income
128.8

 
 
128.5

 
 
0.3

Foreign currency translation adjustment
(1.4
)
 
 
 
(3.2
)
 
1.8

Pension and postretirement liability
adjustment (net of the income tax
benefit of $5.1 million)
27.0

 
 
 
27.0

 
 
Change in fair value of derivative
financial instruments, net of
reclassifications
(1.6
)
 
 
 
(1.6
)
 
 
Investment in joint venture by
noncontrolling interest party
4.8

 
 
 
 
 
4.8

Dividends declared to noncontrolling
interest
(0.3
)
 
 
 
 
 
(0.3
)
Dividends – $0.78 per share
(61.4
)
 
 
(61.4
)
 
 
 
Excess tax shortfall from stock
compensation
(1.0
)
 
(1.0
)
 
 
 
 
Stock-based compensation expense
10.9

 
10.9

 
 
 
 
Stock purchased at fair market value
(83.3
)
 
 
 
 
(83.3
)
 
Stock option exercise activity
0.7

 
(1.0
)
 
 
1.7

 
Restricted shares (issued) surrendered
—

 
(8.6
)
 
 
8.6

 
Shares surrendered for taxes
(1.6
)
 
 
 
 
(1.6
)
 
Balance at September 30, 2016
$
1,366.2

$
53.1

$
905.4

$
1,524.7

$
(264.8
)
$
(878.9
)
$
26.7