Equity (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Schedule of Stockholders Equity

The following tables present the changes in the components of equity for the three months ended March 31, 2022 and 2021, 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, 2021	$	2,377.7	$	40.7	$	786.9	$	1,616.4	$	(23.0)	$	(126.1)	$	82.8
Net income	121.9						118.2						3.7
Foreign currency translation adjustment	(22.6)								(20.0)				(2.6)
Pension and other postretirement liability    adjustments (net of income tax benefit    of $0.5 million)	(1.5)								(1.5)
Change in fair value of derivative financial    instruments, net of reclassifications	2.0								2.0
Dividends – $0.30 per share	(23.5)						(23.5)
Stock-based compensation expense	7.1				7.1
Stock purchased at fair market value	(100.0)										(100.0)
Stock option exercise activity	1.4				1.4
Payments related to tax withholding for    stock-based compensation	(7.5)										(7.5)
Balance at March 31, 2022	$	2,355.0	$	40.7	$	795.4	$	1,711.1	$	(42.5)	$	(233.6)	$	83.9

			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