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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component $ 0.2 $ 4.1 $ 0.3 $ 5.7
Revenue from Contract with Customer, Excluding Assessed Tax 1,000.0 906.3 1,979.7 1,789.4
Cost of Goods and Services Sold 694.3 638.9 1,371.4 1,257.1
Gross Profit 305.7 267.4 608.3 532.3
Selling, general and administrative expenses 158.7 141.8 311.4 290.4
Impairment and restructuring charges 1.9 0.3 1.9 0.5
Operating Income (Loss) 145.1 125.3 295.0 241.4
Interest expense (19.3) (10.7) (37.3) (20.7)
Investment Income, Interest 1.1 0.5 2.4 0.9
Other (expense) income, net 1.4 2.9 4.7 3.6
Income (Loss) Before Income Taxes 128.5 122.1 265.1 230.9
Provision (benefit) for income taxes 33.6 30.2 74.9 58.5
Net Income 94.9 91.9 190.2 172.4
Net (loss) income attributable to noncontrolling interest 2.4 0.9 5.8 1.2
Net Income (loss) attributable to The Timken Company $ 92.5 $ 91.0 $ 184.4 $ 171.2