Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Schedule II—Valuation and Qualifying Accounts

The Timken Company and Subsidiaries

Allowance for uncollectible accounts:	2020		2019		2018
Balance at beginning of period	$	18.1	$	21.9	$	20.3
Additions:
Charged to costs and expenses (1)	2.8		1.8		3.1
Charged to other accounts (2)	—		—		1.3
Deductions:
Charged to costs and expenses (3)	3.4		4.9		2.8
Charged to other accounts (2)	1.0		0.7
Balance at end of period	$	16.5	$	18.1	$	21.9
Allowance for surplus and obsolete inventory:	2020		2019		2018
Balance at beginning of period	$	40.1	$	43.2	$	34.2
Additions:
Charged to costs and expenses (4)	11.6		5.2		16.1
Charged to other accounts (2)	11.8		1.9		2.4
Deductions (5)	9.0		10.2		9.5
Balance at end of period	$	54.5	$	40.1	$	43.2
Valuation allowance on deferred tax assets:	2020		2019		2018
Balance at beginning of period	$	33.7	$	77.5	$	79.4
Additions:
Charged to costs and expenses (6)	2.7		1.1		—
Charged to other accounts (2)	1.0		—		—
Deductions
Charged to costs and expenses (7)	0.7		44.5		—
Charged to other accounts (2)	—		0.4		1.9
Balance at end of period	$	36.7	$	33.7	$	77.5

(1)Provision for uncollectible accounts included in expenses.

(2)Currency translation and change in reserves due to acquisitions, net of divestitures.

(3)Actual accounts written off against the allowance, net of recoveries.

(4)Provision for surplus and obsolete inventory included in expenses.

(5)Inventory items written off against the allowance.

(6)Increase in valuation allowance is recorded as a component of the provision for income taxes.

(7)Amount relates to the reversal of valuation allowances and was recorded as a component of the provision for income taxes. The Company released $44.5 million of foreign valuation allowances for the year-ended December 31, 2019, $40.7 million of which relates to the valuation allowance that was recorded against German indefinite-lived loss carryforwards and pension deferred tax assets. Refer to Note 5 - Income Taxes in the Note to the Consolidated Financial Statements for further discussion on valuation allowance reversals.