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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Other comprehensive income $ 60.4 $ 15.6 $ 5.0 $ 15.0
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component 15.3 (14.4) 13.4 (14.1)
Revenue from Contract with Customer, Excluding Assessed Tax 894.6 914.0 2,621.5 2,893.7
Cost of Goods and Services Sold 630.9 636.5 1,848.6 2,007.9
Gross Profit 263.7 277.5 772.9 885.8
Selling, general and administrative expenses 132.7 148.0 398.1 459.4
Impairment and restructuring charges 12.0 1.6 18.7 3.5
Operating Income (Loss) 119.0 127.9 356.1 422.9
Interest expense (16.3) (18.2) (52.3) (55.5)
Investment Income, Interest 0.9 1.1 3.0 3.5
Other (expense) income, net (1.0) 5.8 1.1 10.5
Income (Loss) Before Income Taxes 117.9 102.2 321.3 367.3
Provision (benefit) for income taxes 26.6 35.5 84.2 110.4
Net Income 91.3 66.7 237.1 256.9
Net (loss) income attributable to noncontrolling interest 2.5 2.5 5.7 8.3
Net Income (loss) attributable to The Timken Company $ 88.8 $ 64.2 $ 231.4 $ 248.6