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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 1,272.3 $ 1,153.7 $ 2,535.1 $ 2,278.3
Cost of products sold 866.9 801.3 1,712.9 1,587.6
Selling, general and administrative expenses 184.9 155.9 371.7 310.0
Amortization of intangible assets 17.3 10.6 30.8 21.5
Impairment and restructuring charges 2.5 10.0 31.4 11.0
Operating Income 200.7 175.9 388.3 348.2
Interest expense (28.3) (18.3) (52.4) (32.6)
Interest income 1.9 1.0 3.4 1.6
Non-service pension and other postretirement (expense) income 0.0 (7.9) 0.1 (6.6)
Other income (expense), net 2.3 (1.1) 5.4 (0.9)
Income Before Income Taxes 176.6 149.6 344.8 309.7
Provision for income taxes 47.1 44.0 89.6 82.2
Net Income 129.5 105.6 255.2 227.5
Less: Net income attributable to noncontrolling interest 4.3 0.6 7.7 4.3
Net Income Attributable to The Timken Company $ 125.2 $ 105.0 $ 247.5 $ 223.2
Net Income per Common Share Attributable to The Timken Company Common Shareholders        
Basic earnings per share (in dollars per share) $ 1.74 $ 1.43 $ 3.43 $ 3.01
Diluted earnings per share (in dollars per share) $ 1.73 $ 1.42 $ 3.39 $ 2.98