v3.25.1
Equity (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Changes in the Components of Equity
The following tables present the changes in the components of equity for the three months ended March 31, 2025 and 2024, respectively:
  The Timken Company Shareholders 
 TotalStated
Capital
Other
Paid-In
Capital
Retained EarningsAccumulated
Other
Comprehensive
Loss
Treasury
Stock
Non
controlling
Interest
Balance at December 31, 2024$2,984.1 $40.7 $1,269.3 $2,488.8 $(301.7)$(670.6)$157.6 
Net income91.4 78.3 13.1 
Foreign currency translation adjustment67.1 66.5 0.6 
Pension and other postretirement liability
   adjustments (net of income tax benefit
   of $0.5 million)
(1.6)(1.6)
Change in fair value of derivative financial
   instruments, net of reclassifications
(2.1)(2.1)
Dividends - $0.34 per share
(25.1)(25.1)
Stock-based compensation expense7.5 7.5 
Stock purchased at fair market value(23.1)(23.1)
Stock option exercise activity0.3 0.3 
Payments related to tax withholding for
   stock-based compensation
(9.5)(9.5)
Balance at March 31, 2025$3,089.0 $40.7 $1,277.1 $2,542.0 $(238.9)$(703.2)$171.3 

  The Timken Company Shareholders 
 TotalStated
Capital
Other
Paid-In
Capital
Retained EarningsAccumulated
Other
Comprehensive
Loss
Treasury
Stock
Non
controlling
Interest
Balance at December 31, 2023$2,702.4 $40.7 $1,076.5 $2,232.2 $(146.9)$(620.1)$120.0 
Net income110.6 103.5 7.1 
Foreign currency translation adjustment(50.7)(50.3)(0.4)
Pension and other postretirement liability
   adjustments (net of income tax benefit of
   $0.5 million)
(1.5)(1.5)
Change in fair value of derivative financial
   instruments, net of reclassifications
1.1 1.1 
Dividends - $0.33 per share
(24.5)(24.5)
Stock-based compensation expense4.5 4.5 
Stock option exercise activity2.0 2.0 
Payments related to tax withholding for
stock-based compensation
(8.9)(8.9)
Balance at March 31, 2024$2,735.0 $40.7 $1,083.0 $2,311.2 $(197.6)$(629.0)$126.7