Equity (Tables)

3 Months Ended

Mar. 31, 2021

The following tables present the changes in the components of equity for the three months ended March 31, 2021 and 2020, respectively:


			The Timken Company Shareholders
	Total		Stated Capital		Other Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Treasury Stock		Non controlling Interest
Balance at December 31, 2020	$	2,225.2	$	40.7	$	740.7	$	1,339.5	$	41.3	$	(9.3)	$	72.3

Net income	116.0						113.3						2.7
Foreign currency translation adjustment	(44.4)								(44.0)				(0.4)
Pension and other postretirement liability adjustments (net of income tax benefit of $0.6 million)	(1.6)								(1.6)

Change in fair value of derivative financial instruments, net of reclassifications	2.2								2.2





Dividends – $0.29 per share	(23.8)						(23.8)


Stock-based compensation expense	6.5				6.5
Stock purchased at fair market value	(26.3)										(26.3)
Stock option exercise activity	14.1				14.1

Payments related to tax withholding for stock-based compensation	(17.8)										(17.8)
Balance at March 31, 2021	$	2,250.1	$	40.7	$	761.3	$	1,429.0	$	(2.1)	$	(53.4)	$	74.6


			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, 2019	$	1,954.8	$	53.1	$	937.6	$	1,907.4	$	(50.1)	$	(979.8)	$	86.6
Cumulative effect of ASU 2016-13 (net of income tax benefit of $0.2 million)	(0.4)						(0.4)
Net income	84.0						80.7						3.3
Foreign currency translation adjustment	(78.8)								(71.3)				(7.5)
Pension and other postretirement liability adjustments (net of income tax benefit of $0.5 million)	(1.3)								(1.3)
Unrealized loss on marketable securities	(0.4)								(0.4)
Change in fair value of derivative financial instruments, net of reclassifications	4.2								4.2
Change in ownership of noncontrolling interest	0.5												0.5
Dividends – $0.28 per share	(22.9)						(22.9)
Stock-based compensation expense	5.6				5.6
Stock purchased at fair market value	(42.3)										(42.3)
Stock option exercise activity	7.5				(0.9)						8.4
Restricted share activity	—				(22.2)						22.2
Payments related to tax withholding for stock-based compensation	(10.2)										(10.2)

Balance at March 31, 2020	$	1,900.3	$	53.1	$	920.1	$	1,964.8	$	(118.9)	$	(1,001.7)	$	82.9