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Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Stated Capital
Other Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive (Loss)
Treasury Shares
Non- controlling Interest
Beginning balance at Dec. 31, 2021 $ 2,377.7 $ 40.7 $ 786.9 $ 1,616.4 $ (23.0) $ (126.1) $ 82.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 417.0     407.4     9.6
Foreign currency translation adjustments (162.7)       (155.4)   (7.3)
Pension and other postretirement liability adjustments (5.8)       (5.8)    
Change in fair value of derivative financial instruments, net of reclassifications 2.3       2.3    
Dividends declared to noncontrolling interest (0.5)           (0.5)
Dividends (91.7)     (91.7)      
Stock-based compensation expense 30.4   30.4        
Purchase of treasury shares (211.6)         (211.6)  
Shares surrendered for stock option activity 0.0   3.8     (3.8)  
Stock option exercise activity 8.5   8.5        
Payments related to tax withholding for stock-based compensation (10.7)         (10.7)  
Ending balance at Dec. 31, 2022 2,352.9 40.7 829.6 1,932.1 (181.9) (352.2) 84.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 408.0     394.1     13.9
Foreign currency translation adjustments 33.5       35.3   (1.8)
Pension and other postretirement liability adjustments (6.1)       (6.1)    
Change in fair value of derivative financial instruments, net of reclassifications (0.8)       (0.8)    
Dividends declared to noncontrolling interest (0.6)           (0.6)
Dividends (94.0)     (94.0)      
Sale of shares of Timken India Limited 229.0   194.5   8.1   26.4
Other ownership changes (4.0)       (1.5)   (2.5)
Stock-based compensation expense 30.6   30.6        
Purchase of treasury shares (250.9)         (250.9)  
Stock option exercise activity 21.8   21.8        
Payments related to tax withholding for stock-based compensation (17.0)         (17.0)  
Ending balance at Dec. 31, 2023 2,702.4 40.7 1,076.5 2,232.2 (146.9) (620.1) 120.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 375.3     352.7     22.6
Foreign currency translation adjustments (161.2)       (156.4)   (4.8)
Pension and other postretirement liability adjustments (6.0)       (6.0)    
Change in fair value of derivative financial instruments, net of reclassifications 2.0       2.0    
Dividends declared to noncontrolling interest (1.1)           (1.1)
Dividends (96.1)     (96.1)      
Sale of shares of Timken India Limited 186.8   161.3   5.6   19.9
Other ownership changes 1.0           1.0
Stock-based compensation expense 25.9   25.9        
Purchase of treasury shares (40.5)         (40.5)  
Stock option exercise activity 5.6   5.6        
Payments related to tax withholding for stock-based compensation (10.0)         (10.0)  
Ending balance at Dec. 31, 2024 $ 2,984.1 $ 40.7 $ 1,269.3 $ 2,488.8 $ (301.7) $ (670.6) $ 157.6