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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue from Contract with Customer, Excluding Assessed Tax $ 3,789.9 $ 3,580.8 $ 3,003.8
Cost of Goods and Services Sold 2,648.1 2,540.7 2,191.7
Gross Profit 1,141.8 1,040.1 812.1
Selling, general and administrative expenses 618.6 580.7 508.3
Impairment and restructuring charges 6.8 4.9 4.3
Operating Income 516.4 454.5 299.5
Interest expense (72.1) (51.7) (37.1)
Interest income 4.9 2.1 2.9
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component 10.2 (6.2) (15.0)
Other Nonoperating Income (Expense) 13.0 9.4 9.6
Income Before Income Taxes 472.4 408.1 259.9
Provision for income taxes 97.7 102.6 57.6
Net Income 374.7 305.5 202.3
Less: Net income (loss) attributable to noncontrolling interest 12.6 2.7 (1.1)
Net Income Attributable to The Timken Company $ 362.1 $ 302.8 $ 203.4
Net Income per Common Share Attributable to The Timken Company Common Shareholders      
Earnings Per Share, Basic $ 4.78 $ 3.93 $ 2.62
Earnings Per Share, Diluted 4.71 3.86 $ 2.58
Dividends per share (in dollars per share) $ 1.12 $ 1.11