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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Cost of products sold $ 769.4 $ 630.9 $ 2,256.2 $ 1,848.6
Gross Profit 267.9 263.7 869.4 772.9
Selling, general and administrative expenses 140.7 132.7 434.2 398.1
Impairment and restructuring charges 2.9 12.0 8.2 18.7
Operating Income 124.3 119.0 427.0 356.1
Interest expense (14.8) (16.3) (45.0) (52.3)
Interest income 0.5 0.9 1.7 3.0
Non-service pension and other postretirement income 0.5 15.3 5.9 13.4
Other income (expense), net 1.5 (1.0) 0.3 1.1
Provision for income taxes 20.4 26.6 75.1 84.2
Net Income 91.6 91.3 314.8 237.1
Less: Net income attributable to noncontrolling interest 3.5 2.5 8.6 5.7
Net Income Attributable to The Timken Company $ 88.1 $ 88.8 $ 306.2 $ 231.4
Net Income per Common Share Attributable to The Timken Company Common Shareholders        
Basic earnings per share (in dollars per share) $ 1.16 $ 1.18 $ 4.03 $ 3.07
Diluted earnings per share (in dollars per share) $ 1.14 $ 1.16 $ 3.97 $ 3.04
Net sales $ 1,037.3 $ 894.6 $ 3,125.6 $ 2,621.5
Corporate EBITDA $ 112.0 $ 117.9 $ 389.9 $ 321.3