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Equity (Tables)
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Equity The changes in the components of equity for the six months ended June 30, 2018 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, 2017
$
1,474.9

$
53.1

$
903.8

$
1,408.4

$
(38.3
)
$
(884.3
)
$
32.2

Cumulative effect of the new revenue standard
(net of income tax benefit of $2.6 million)
7.7

 
 
7.7

 
 
 
Cumulative effect of ASU 2018-02

 
 
0.7

(0.7
)
 
 
Net income
172.4

 
 
171.2

 
 
1.2

Foreign currency translation adjustment
(38.2
)
 
 
 
(35.3
)
 
(2.9
)
Change in fair value of derivative financial
instruments, net of reclassifications
4.4

 
 
 
4.4

 
 
Dividends – $0.55 per share
(42.7
)
 
 
(42.7
)
 
 
 
Stock-based compensation
17.8

 
17.8

 
 
 
 
Stock purchased at fair market value
(49.6
)
 
 
 
 
(49.6
)
 
Stock option exercise activity
10.6

 
(3.1
)
 
 
13.7

 
Restricted share activity

 
(11.3
)
 
 
11.3

 
Shares surrendered for taxes
(5.0
)
 
 
 
 
(5.0
)
 
Balance at June 30, 2018
$
1,552.3

$
53.1

$
907.2

$
1,545.3

$
(69.9
)
$
(913.9
)
$
30.5