Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating Activities
Net Income	$ 255.2	$ 227.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	96.8	82.1
Impairment charges	28.3	8.8
Loss on sale of assets	1.2	0.8
Gain (loss) on derivatives	(3.6)	0.0
Deferred income tax provision	2.8	1.7
Stock-based compensation expense	17.1	15.6
Pension and other postretirement expense	1.1	11.2
Pension and other postretirement benefit contributions and payments	(7.2)	(8.1)
Changes in operating assets and liabilities:
Accounts receivable	(87.4)	(149.3)
Unbilled receivables	(17.7)	(2.9)
Inventories	15.3	(126.1)
Accounts payable, trade	(14.9)	(6.1)
Other accrued expenses	(29.1)	16.6
Income taxes	(32.3)	12.1
Other, net	(3.0)	(6.8)
Net Cash Provided by Operating Activities	222.6	77.1
Investing Activities
Capital expenditures	(91.3)	(75.2)
Acquisitions, net of cash acquired	(324.6)	(152.3)
Proceeds from disposal of property, plant and equipment	0.3	0.0
Proceeds from divestitures, net of cash divested	4.5	3.1
Investments in short-term marketable securities, net	(0.8)	23.4
Other, net	(0.1)	2.3
Net Cash Used in Investing Activities	(412.0)	(198.7)
Financing Activities
Cash dividends paid to shareholders	(47.4)	(46.4)
Purchase of treasury shares	(154.5)	(144.3)
Proceeds from exercise of stock options	17.2	1.6
Payments related to tax withholding for stock-based compensation	(15.1)	(8.1)
Borrowings on accounts receivable facility	29.0	122.0
Payments on accounts receivable facility	(29.0)	(122.0)
Proceeds from long-term debt	768.9	684.5
Payments on long-term debt	(643.5)	(344.8)
Deferred financing costs	0.0	(3.5)
Short-term debt activity, net	(1.4)	31.9
Proceeds from the sale of shares in Timken India Limited	284.8	0.0
Other	0.0	6.5
Net Cash Provided by Financing Activities	209.0	177.4
Effect of exchange rate changes on cash	(8.0)	(7.7)
Increase in Cash, Cash Equivalents and Restricted Cash	11.6	48.1
Cash, cash equivalents and restricted cash at beginning of year	340.7	257.9
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 352.3	$ 306.0