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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net income attributable to The Timken Company $ 234.2 $ 114.2
Earnings from discontinued operations 0 (4.5)
Net income attributable to noncontrolling interest 1.9 1.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 93.8 95.2
Impairment charges 3.2 0
(Gain) loss on sale of assets (0.6) 2.3
Gain on divestiture (0.5) 0
Deferred income tax provision 42.2 17.1
Stock-based compensation expense 9.2 8.5
Pension and other postretirement expense 37.2 45.9
Pension and other postretirement benefit contributions and payments (331.8) (133.6)
Changes in operating assets and liabilities:    
Accounts receivable (191.7) (103.8)
Inventories (86.6) (45.7)
Trade accounts payable 46.9 67.5
Other accrued expenses (38.8) 15.4
Income taxes 19.8 66.1
Other - net (1.3) 13.9
Net Cash (Used) Provided by Operating Activities - Continuing Operations (162.9) 159.5
Net Cash Provided by Operating Activities - Discontinued Operations 0 4.5
Net Cash (Used) Provided By Operating Activities (162.9) 164.0
Investing Activities    
Capital expenditures (59.6) (39.0)
Proceeds from disposals of property, plant and equipment 5.2 0.5
Divestitures 4.8 0
Investments in short-term marketable securities (13.3) 0
Other 1.9 1.1
Net Cash Used by Investing Activities (61.0) (37.4)
Financing Activities    
Cash dividends paid to shareholders (37.1) (21.3)
Net proceeds from common share activity 23.2 19.4
Purchase of treasury shares - net (25.3) (29.2)
Proceeds from issuance of long-term debt 9.2 11.0
Payments on long-term debt (3.1) (9.0)
Short-term debt activity - net 0.1 (20.8)
Increase in restricted cash (4.8) 0
Other (4.1) 0
Net Cash Used by Financing Activities (41.9) (49.9)
Effect of exchange rate changes on cash 21.5 (36.0)
(Decrease) Increase In Cash and Cash Equivalents (244.3) 40.7
Cash and cash equivalents at beginning of year 877.1 755.5
Cash and Cash Equivalents at End of Period $ 632.8 $ 796.2