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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 1,142.7 $ 1,136.4 $ 3,677.8 $ 3,414.7
Cost of products sold 787.1 802.9 2,500.0 2,390.5
Selling, general and administrative expenses 179.6 159.8 551.3 469.8
Amortization of intangible assets 17.5 10.7 48.3 32.2
Impairment and restructuring charges 8.9 31.3 40.3 42.3
Operating Income 149.6 131.7 537.9 479.9
Interest expense (27.5) (19.3) (79.9) (51.9)
Interest income 2.6 1.1 6.0 2.7
Non-service pension and other postretirement (expense) income (0.9) 1.3 (0.8) (5.3)
Other income, net 0.4 2.3 5.8 1.4
Income Before Income Taxes 124.2 117.1 469.0 426.8
Provision for income taxes 33.3 26.7 122.9 108.9
Net Income 90.9 90.4 346.1 317.9
Less: Net income attributable to noncontrolling interest 3.0 3.4 10.7 7.7
Net Income Attributable to The Timken Company $ 87.9 $ 87.0 $ 335.4 $ 310.2
Net Income per Common Share Attributable to The Timken Company Common Shareholders        
Basic earnings per share (in dollars per share) $ 1.24 $ 1.19 $ 4.68 $ 4.20
Diluted earnings per share (in dollars per share) $ 1.23 $ 1.18 $ 4.63 $ 4.16