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Financing Arrangements - Narrative (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Line of Credit Facility [Line Items]

Debt Disclosure [Text Block]

Note 10 - Financing Arrangements

Short-term debt for the years ended December 31 was as follows:



	2016		2015
Variable-rate Accounts Receivable Facility with an interest rate of 1.05% at December 31, 2015.	$	—	$	49.0
Borrowings under variable-rate lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates of 0.50% at December 31, 2016 and 0.31% to 0.44% at December 31, 2015, respectively.	19.2		13.0
Short-term debt	$	19.2	$	62.0

The Company has a $100 million Accounts Receivable Facility that matures on November 30, 2018. Under the terms of the Accounts Receivable Facility, the Company sells, on an ongoing basis, certain domestic trade receivables to Timken Receivables Corporation, a wholly-owned consolidated subsidiary that in turn uses the trade receivables to secure borrowings which are funded through a vehicle that issues commercial paper in the short-term market. Borrowings under the Accounts Receivable Facility are limited to certain borrowing base calculations. Certain borrowing base limitations reduced the availability of the Accounts Receivable Facility to $67.2 million at December 31, 2016. As of December 31, 2016, there were outstanding borrowings of $48.9 million under the Accounts Receivable Facility included in long-term debt, which reduced the availability under this facility to $18.3 million. As of December 31, 2015, there were $49.0 million outstanding borrowings under the Accounts Receivable Facility included in short-term debt. The cost of this facility, which is the commercial paper rate plus program fees, is considered a financing cost and is included in interest expense in the Consolidated Statements of Income. The yield rate was 1.65%, 1.05% and 0.20%, at December 31, 2016, 2015 and 2014, respectively.

The lines of credit for certain of the Company’s foreign subsidiaries provide for borrowings up to $202.7 million. Most of these lines of credit are uncommitted. At December 31, 2016, the Company’s foreign subsidiaries had borrowings outstanding of $19.2 million and guarantees of $1.9 million, which reduced the availability under these facilities to $181.6 million.

The weighted-average interest rate on short-term debt during the year was 0.7%, 1.1% and 3.1% in 2016, 2015 and 2014, respectively. The weighted-average interest rate on short-term debt outstanding at December 31, 2016 and 2015 was 0.50% and 0.90%, respectively. The decrease in the weighted-average interest rate was primarily due to increased borrowings in the U.S. at a lower rate.

Long-term debt for the years ended December 31 was as follows:

	2016		2015
Fixed-rate Medium-Term Notes, Series A, maturing at various dates through May 2028, with interest rates ranging from 6.74% to 7.76%	$	159.5	$	174.4
Fixed-rate Senior Unsecured Notes, maturing on September 1, 2024, with an interest rate of 3.875%	345.9		344.8
Variable-rate Senior Credit Facility with a weighted-average interest rate of 1.50% at December 31, 2016 and 1.45% at December 31, 2015, respectively.	83.8		75.2
Variable-rate Accounts Receivable Facility with an interest rate of 1.65% at December 31, 2016	48.9		—
Other	1.9		0.1
Total debt	$	640.0	$	594.5
Less current maturities	5.0		15.1
Long-term debt	$	635.0	$	579.4

The Company has a $500 million Senior Credit Facility, which matures on June 19, 2020. At December 31, 2016, the Company had $83.8 million of outstanding borrowings under the Senior Credit Facility, which reduced the availability under this facility to $416.2 million. Under the Senior Credit Facility, the Company has two financial covenants: a consolidated leverage ratio and a consolidated interest coverage ratio. At December 31, 2016, the Company was in full compliance with the covenants under the Senior Credit Facility.

On August 20, 2014, the Company issued the 2024 Notes. The Company used the net proceeds from the issuance of the 2024 Notes to repay the Company's 2014 Notes and for general corporate purposes.

The maturities of long-term debt for the five years subsequent to December 31, 2016 are as follows:



Year
2017	$	5.0
2018	48.9
2019	—
2020	83.8
2021	1.9
Thereafter	500.4

Interest paid was $30.1 million in 2016, $32.1 million in 2015 and $34.4 million in 2014. This differs from interest expense due to the timing of payments and interest capitalized of $1.1 million in 2016, zero in 2015 and $1.6 million in 2014.

The Company and its subsidiaries lease a variety of real property and equipment. Rent expense under operating leases amounted to $30.0 million, $33.5 million and $33.0 million in 2016, 2015 and 2014, respectively.

Future minimum lease payments for noncancelable operating leases totaled the following at December 31, 2016: