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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 1,153.7 $ 1,062.9 $ 2,278.3 $ 2,088.3
Cost of products sold 811.9 760.6 1,609.1 1,486.8
Gross Profit 341.8 302.3 669.2 601.5
Selling, general and administrative expenses 155.9 149.0 310.0 293.5
Impairment and restructuring charges 10.0 1.3 11.0 5.3
Operating Income 175.9 152.0 348.2 302.7
Interest expense (18.3) (15.3) (32.6) (30.2)
Interest income 1.0 0.7 1.6 1.2
Non-service pension and other postretirement (expense) income (7.9) 1.4 (6.6) 5.4
Other expense, net (1.1) (2.2) (0.9) (1.2)
Income Before Income Taxes 149.6 136.6 309.7 277.9
Provision for income taxes 44.0 29.4 82.2 54.7
Net Income 105.6 107.2 227.5 223.2
Less: Net income attributable to noncontrolling interest 0.6 2.4 4.3 5.1
Net Income Attributable to The Timken Company $ 105.0 $ 104.8 $ 223.2 $ 218.1
Net Income per Common Share Attributable to The Timken Company Common Shareholders        
Basic earnings per share (in dollars per share) $ 1.43 $ 1.38 $ 3.01 $ 2.87
Diluted earnings per share (in dollars per share) $ 1.42 $ 1.36 $ 2.98 $ 2.82