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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 1,136.4 $ 1,037.3 $ 3,414.7 $ 3,125.6
Cost of products sold 813.6 769.4 2,422.7 2,256.2
Gross Profit 322.8 267.9 992.0 869.4
Selling, general and administrative expenses 159.8 140.7 469.8 434.2
Impairment and restructuring charges 31.3 2.9 42.3 8.2
Operating Income 131.7 124.3 479.9 427.0
Interest expense (19.3) (14.8) (51.9) (45.0)
Interest income 1.1 0.5 2.7 1.7
Non-service pension and other postretirement income (expense) 1.3 0.5 (5.3) 5.9
Other income, net 2.3 1.5 1.4 0.3
Income Before Income Taxes 117.1 112.0 426.8 389.9
Provision for income taxes 26.7 20.4 108.9 75.1
Net Income 90.4 91.6 317.9 314.8
Less: Net income attributable to noncontrolling interest 3.4 3.5 7.7 8.6
Net Income Attributable to The Timken Company $ 87.0 $ 88.1 $ 310.2 $ 306.2
Net Income per Common Share Attributable to The Timken Company Common Shareholders        
Basic earnings per share (in dollars per share) $ 1.19 $ 1.16 $ 4.20 $ 4.03
Diluted earnings per share (in dollars per share) $ 1.18 $ 1.14 $ 4.16 $ 3.97