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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net Income (loss) attributable to The Timken Company $ 128.5 $ (35.1)
Net (loss) income attributable to noncontrolling interest 0.3 2.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98.3 97.8
Impairment charges 3.8 3.3
Loss on sale of assets 0.8 2.1
Gain (Loss) on Disposition of Business 0.0 (0.3)
Deferred income tax provision (0.1) (81.1)
Stock-based compensation expense 10.9 14.1
Excess Tax Benefit from Share-based Compensation, Operating Activities 0.0 (1.5)
Pension and other postretirement expense 38.4 251.5
Pension contributions and other postretirement benefit payments (22.3) (23.5)
Changes in operating assets and liabilities:    
Accounts receivable 12.2 (1.9)
Inventories (13.6) 7.1
Accounts payable, trade 15.0 27.0
Other accrued expenses (19.1) (57.6)
Income taxes 22.9 23.5
Other, net 1.1 18.1
Net Cash Provided by Operating Activities 277.1 246.3
Investing Activities    
Capital expenditures (84.4) (65.1)
Acquisitions, net of cash received 62.8 213.6
Proceeds from disposals of property, plant and equipment 1.5 11.0
Increase (Decrease) in Marketable Securities, Restricted 2.1 (0.6)
Other 0.3 (0.5)
Net Cash Used by Investing Activities (143.3) (268.8)
Financing Activities    
Cash dividends paid to shareholders (61.4) (65.7)
Purchase of treasury shares (83.3) (227.9)
Net proceeds from common share activity 0.7 4.0
Excess Tax Benefit from Share-based Compensation, Financing Activities 0.0 1.5
Proceeds from Issuance of Long-term Debt 275.5 225.7
Payments of Financing Costs 0.0 2.0
Proceeds from Accounts Receivable Securitization 50.0 116.0
Repayments of Accounts Receivable Securitization (30.1) (38.0)
Payments on long-term debt (290.1) (106.1)
Short-term debt activity, net (1.4) (1.6)
Increase (Decrease) in Restricted Cash (2.5) 0.2
Proceeds from (Payments for) Other Financing Activities 4.5 3.7
Net Cash Used by Financing Activities (138.1) (90.2)
Effect of exchange rate changes on cash 3.7 (11.1)
(Decrease) increase In Cash and Cash Equivalents (0.6) (123.8)
Cash and cash equivalents beginning of period 129.6 278.8
Cash and cash equivalents end of period $ 129.0 $ 155.0