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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income attributable to The Timken Company $ 203.4 $ 140.8 $ 188.6
Net (loss) income attributable to noncontrolling interest (1.1) 0.3 2.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 137.7 131.7 130.8
Impairment charges (0.1) (3.9) (3.3)
(Gain) loss on sale of assets (2.1) 1.6 11.8
Gain (Loss) on Disposition of Business 0.0 0.0 (28.7)
Deferred income tax provision (benefit) 0.4 15.0 22.2
Stock-based compensation expense 24.7 14.1 18.4
Pension and other postretirement expense (28.9) (84.0) (95.3)
Pension and other postretirement benefit contributions (23.9) (24.7) (29.8)
Changes in operating assets and liabilities:      
Accounts receivable (42.3) 20.3 11.9
Inventories (132.1) 10.1 53.1
Accounts payable, trade 70.7 12.2 11.6
Other accrued expenses 36.3 (2.8) (47.7)
Income taxes (36.2) 23.5 (40.4)
Other, net (26.9) 3.9 21.5
Net Cash Provided by Operating Activities 236.8 403.9 380.3
Investing Activities      
Capital expenditures (104.7) (137.5) (105.6)
Acquisitions, net of cash acquired of $35.0 million in 2017, $2.5 million in 2016 and $0.1 million in 2015 (346.8) (72.6) (213.3)
Proceeds from disposals of property, plant and equipment 7.1 1.5 9.8
Proceeds from Divestiture of Businesses, Net of Cash Divested 0.0 0.0 46.2
Payments to Acquire Marketable Securities 3.6 2.6 1.8
Other (0.7) 0.2 (0.5)
Net Cash Used in Investing Activities (448.7) (211.0) (265.2)
Financing Activities      
Cash dividends paid to shareholders (83.3) (81.6) (87.0)
Purchase of treasury shares (43.4) (101.0) (309.7)
Proceeds from exercise of stock options 32.9 4.3 4.1
Payments Related to Tax Withholding for Share-based Compensation (11.4) (1.9) (4.0)
Proceeds from issuance of long-term debt 927.8 340.5 265.7
Repayments of Long-term Debt 684.5 345.3 190.6
Deferred financing costs (1.2) 0.0 (2.0)
Proceeds from Accounts Receivable Securitization 56.7 50.0 116.0
Repayments of Accounts Receivable Securitization (42.7) (50.1) (67.0)
Short-term debt activity, net 19.9 7.2 6.0
Increase (Decrease) in Restricted Cash (1.2) (2.5) 14.8
Other 2.6 (9.1) (6.6)
Net Cash Provided by (Used in) Financing Activities 167.0 (171.3) (247.1)
Effect of exchange rate changes on cash 17.7 (2.4) (17.2)
(Decrease) increase In Cash and Cash Equivalents (27.2) 19.2 (149.2)
Cash and cash equivalents at beginning of year 148.8 129.6 278.8
Cash and Cash Equivalents at End of Year $ 121.6 $ 148.8 $ 129.6