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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net Income (loss) attributable to The Timken Company $ 120.7 $ 114.1
Net (loss) income attributable to noncontrolling interest (0.6) (0.1)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 66.8 65.0
Impairment charges 0.0 2.6
Loss on sale of assets (1.1) 0.8
Continued Dumping on Subsidy Offset Act Receivable 0.0 (6.2)
Deferred income tax provision 7.7 2.8
Stock-based compensation expense 10.4 6.7
Pension and other postretirement expense 9.9 9.7
Pension contributions and other postretirement benefit payments (12.2) (14.3)
Changes in operating assets and liabilities:    
Accounts receivable (46.0) 4.7
Inventories (38.1) (8.2)
Accounts payable, trade 50.5 12.5
Other accrued expenses 2.0 (8.9)
Income taxes (56.7) 26.4
Other, net 1.2 (3.5)
Net Cash Provided by Operating Activities 114.5 204.1
Investing Activities    
Capital expenditures (39.9) (50.4)
Acquisitions, net of cash received 64.1 0.7
Proceeds from disposals of property, plant and equipment 2.5 0.1
Increase (Decrease) in Marketable Securities, Restricted (7.1) (0.1)
Other (0.3) 0.1
Net Cash Used by Investing Activities (108.9) (51.0)
Financing Activities    
Cash dividends paid to shareholders (41.4) (41.1)
Purchase of treasury shares (27.0) (68.2)
Net proceeds from common share activity 25.7 0.4
Shares Surrendered for Taxes (9.4) (1.5)
Proceeds from Issuance of Long-term Debt 478.3 133.1
Proceeds from Accounts Receivable Securitization 46.1 30.0
Repayments of Accounts Receivable Securitization 12.1 18.0
Payments on long-term debt (186.4) (170.0)
Short-term debt activity, net 6.2 0.5
Increase (Decrease) in Restricted Cash (0.1) 0.0
Proceeds from (Payments for) Other Financing Activities 0.0 4.8
Net Cash Used by Financing Activities 279.9 (130.0)
Effect of exchange rate changes on cash 10.8 3.3
(Decrease) increase In Cash and Cash Equivalents 296.3 26.4
Cash and cash equivalents beginning of period 148.8 129.6
Cash and cash equivalents end of period $ 445.1 $ 156.0