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Equity
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Equity
Note 13 - Equity
The following tables present the changes in the components of equity for the three and nine months ended September 30, 2022 and 2021, respectively:

  The Timken Company Shareholders 
 TotalStated
Capital
Other
Paid-In
Capital
Retained EarningsAccumulated
Other
Comprehensive
Loss
Treasury
Stock
Non
controlling
Interest
Balance at June 30, 2022$2,289.2 $40.7 $804.1 $1,793.2 $(155.9)$(278.5)$85.6 
Net income90.4 87.0 3.4 
Foreign currency translation adjustment(136.8)(133.5)(3.3)
Pension and other postretirement liability
   adjustments (net of income tax benefit
   of $0.6 million)
(1.4)(1.4)
Change in fair value of derivative financial
   instruments, net of reclassifications
1.8 1.8 
Dividends declared to noncontrolling interest(0.5)(0.5)
Dividends – $0.31 per share
(22.8)(22.8)
Stock-based compensation expense6.7 6.7 
Stock purchased at fair market value(49.0)(49.0)
Stock option exercise activity2.6 2.6 
Shares surrendered for stock option activity— 3.8 (3.8)
Payments related to tax withholding for
   stock-based compensation
(1.4)(1.4)
Balance at September 30, 2022$2,178.8 $40.7 $817.2 $1,857.4 $(289.0)$(332.7)$85.2 

  The Timken Company Shareholders 
 TotalStated
Capital
Other
Paid-In
Capital
Retained EarningsAccumulated
Other
Comprehensive
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 income317.9 310.2 7.7 
Foreign currency translation adjustment(272.5)(267.7)(4.8)
Pension and other postretirement liability
   adjustments (net of income tax benefit
   of $1.5 million)
(4.3)(4.3)
Change in fair value of derivative financial
   instruments, net of reclassifications
6.0 6.0 
Dividends - $0.92 per share
(69.2)(69.2)
Dividends declared to noncontrolling interest(0.5)(0.5)
Stock-based compensation expense22.3 22.3 
Stock purchased at fair market value(193.3)(193.3)
Stock option exercise activity4.2 4.2 
Shares surrendered for stock option activity— 3.8 (3.8)
Payments related to tax withholding for
   stock-based compensation
(9.5)(9.5)
Balance at September 30, 2022$2,178.8 $40.7 $817.2 $1,857.4 $(289.0)$(332.7)$85.2 
Note 13 - Equity (continued)
  The Timken Company Shareholders 
 TotalStated
Capital
Other
Paid-In
Capital
Retained EarningsAccumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock
Non
controlling
Interest
Balance at June 30, 2021$2,367.3 $40.7 $778.6 $1,510.9 $19.8 $(59.1)$76.4 
Net income91.6 88.1 3.5 
Foreign currency translation adjustment(32.9)(33.1)0.2 
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
2.5 2.5 
Dividends paid to noncontrolling interest(0.6)(0.6)
Dividends - $0.30 per share
(22.8)(22.8)
Stock-based compensation expense3.1 3.1 
Stock purchased at fair market value(30.3)(30.3)
Balance at September 30, 2021$2,376.4 $40.7 $781.7 $1,576.2 $(12.3)$(89.4)$79.5 
  The Timken Company Shareholders 
 TotalStated
Capital
Other
Paid-In
Capital
Retained EarningsAccumulated
Other
Comprehensive
Income
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 income314.8 306.2 8.6 
Foreign currency translation adjustment(54.1)(53.3)(0.8)
Pension and other postretirement liability
   adjustments (net of income tax benefit
   of $1.6 million)
(4.8)(4.8)
Change in fair value of derivative financial
   instruments, net of reclassifications
4.5 4.5 
Dividends paid to noncontrolling interest(0.6)(0.6)
Dividends - $0.89 per share
(69.5)(69.5)
Stock-based compensation expense15.6 15.6 
Stock purchased at fair market value(56.6)(56.6)
Stock option exercise activity25.4 25.4 
Payments related to tax withholding for
   stock-based compensation
(23.5)(23.5)
Balance at September 30, 2021$2,376.4 $40.7 $781.7 $1,576.2 $(12.3)$(89.4)$79.5