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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net income $ 317.3 $ 375.3 $ 408.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 230.1 221.8 201.3
Impairment charges 0.1 3.5 33.2
(Gain) loss on sale of assets (1.8) (14.4) 1.3
Gain on acquisitions and divestitures 0.0 0.0 (2.9)
Deferred income tax benefit (27.2) (35.3) (11.6)
Stock-based compensation expense 28.3 25.9 30.6
Pension and other postretirement expense 18.4 5.3 26.5
Pension and other postretirement benefit contributions and payments (38.7) (26.1) (29.8)
Changes in operating assets and liabilities:      
Accounts receivable 3.7 (14.2) 71.6
Unbilled receivables 3.4 3.3 (40.4)
Inventories (3.1) 9.6 72.0
Accounts payable, trade 18.0 (37.1) (57.4)
Other accrued expenses 27.6 (7.1) (47.6)
Income taxes (19.1) (28.2) (108.4)
Other, net (2.7) (6.6) (1.2)
Net Cash Provided by Operating Activities 554.3 475.7 545.2
Investing Activities      
Capital expenditures (148.2) (170.0) (187.8)
Acquisitions, net of cash acquired of $8.9 million in 2024 and $30.0 million in 2023 0.0 (167.4) (638.8)
Proceeds from disposals of property, plant and equipment 4.5 17.6 1.8
Proceeds from divestitures, net of cash divested of $0.7 million in 2023 0.0 0.3 13.5
Investments in short-term marketable securities, net (4.5) 15.2 5.7
Other (0.1) (0.3) (0.9)
Net Cash Used in Investing Activities (148.3) (304.6) (806.5)
Financing Activities      
Cash dividends paid to shareholders (98.3) (96.1) (94.0)
Purchase of treasury shares (57.4) (40.5) (250.9)
Proceeds from exercise of stock options 1.9 5.6 21.8
Payments related to tax withholding for stock-based compensation (10.0) (10.0) (17.0)
Proceeds from long-term debt 97.3 1,858.3 1,564.9
Payments on long-term debt (365.8) (1,839.3) (1,329.0)
Deferred financing costs (0.3) (5.5) (0.5)
Accounts receivable facility financing borrowings 369.0 366.0 104.0
Accounts receivable facility financing payments (369.0) (433.0) (122.0)
Short-term debt activity, net 11.8 (230.3) 190.0
Noncontrolling interest dividends paid (15.0) (1.1) (0.6)
Proceeds from the sale of shares in Timken India Limited 0.0 232.3 284.8
Other (1.3) (1.2) (4.4)
Net Cash (Used in) Provided by Financing Activities (437.1) (194.8) 347.1
Effect of exchange rate changes on cash 22.9 (22.0) (7.2)
(Decrease) Increase In Cash, Cash Equivalents and Restricted Cash (8.2) (45.7) 78.6
Cash, cash equivalents and restricted cash at beginning of year 373.6 419.3 340.7
Cash, Cash Equivalents and Restricted Cash at End of Year $ 365.4 $ 373.6 $ 419.3