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 | | | Total | Stated Capital | Other Paid-In Capital | Retained Earnings | Accumulated 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 income | 91.4 | | | | 78.3 | | | | 13.1 | | Foreign currency translation adjustment | 67.1 | | | | | 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 expense | 7.5 | | | 7.5 | | | | | | Stock purchased at fair market value | (23.1) | | | | | | (23.1) | | | Stock option exercise activity | 0.3 | | | 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 | | | Total | Stated Capital | Other Paid-In Capital | Retained Earnings | Accumulated 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 income | 110.6 | | | | 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 expense | 4.5 | | | 4.5 | | | | | | | | | | | | | | Stock option exercise activity | 2.0 | | | 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 | |
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