| Equity |
Note 14 - Equity The following tables present the changes in the components of equity for the three and six months ended June 30, 2026 and 2025, 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 March 31, 2026 | $ | 3,367.9 | | $ | 40.7 | | $ | 1,310.0 | | $ | 2,751.8 | | $ | (119.6) | | $ | (775.2) | | $ | 160.2 | | | Net income | 37.2 | | | | 28.9 | | | | 8.3 | | | Foreign currency translation adjustment | (4.2) | | | | | (4.3) | | | 0.1 | | 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 | 0.6 | | | | | 0.6 | | | | | | | | | | | | Dividends - $0.36 per share | (25.0) | | | | (25.0) | | | | | | | | | | | | | | | | | | | | | | Stock-based compensation expense | 6.9 | | | 6.9 | | | | | | | Stock purchased at fair market value | (20.0) | | | | | | (20.0) | | | | Stock option exercise activity | 2.4 | | | 2.4 | | | | | | | | | | | | | | Payments related to tax withholding for stock-based compensation | (1.2) | | | | | | (1.2) | | | | Balance at June 30, 2026 | $ | 3,363.1 | | $ | 40.7 | | $ | 1,319.3 | | $ | 2,755.7 | | $ | (124.8) | | $ | (796.4) | | $ | 168.6 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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, 2025 | $ | 3,345.7 | | $ | 40.7 | | $ | 1,299.5 | | $ | 2,678.9 | | $ | (96.5) | | $ | (738.0) | | $ | 161.1 | | | Net income | 143.1 | | | | 127.1 | | | | 16.0 | | | Foreign currency translation adjustment | (34.7) | | | | | (26.2) | | | (8.5) | | Pension and other postretirement liability adjustments (net of income tax benefit of $1.0 million) | (3.0) | | | | | (3.0) | | | | Change in fair value of derivative financial instruments, net of reclassifications | 0.9 | | | | | 0.9 | | | | Dividends - $0.71 per share | (50.3) | | | | (50.3) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Stock-based compensation expense | 14.5 | | | 14.5 | | | | | | | Stock purchased at fair market value | (48.0) | | | | | | (48.0) | | | | Stock option exercise activity | 5.3 | | | 5.3 | | | | | | | | | | | | | | | | | | | | | | Payments related to tax withholding for stock-based compensation | (10.4) | | | | | | (10.4) | | | | Balance at June 30, 2026 | $ | 3,363.1 | | $ | 40.7 | | $ | 1,319.3 | | $ | 2,755.7 | | $ | (124.8) | | $ | (796.4) | | $ | 168.6 | |
Note 14 - Equity (continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Timken Company Shareholders | | | Total | Stated Capital | Other Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive (Loss) | Treasury Stock | Non- controlling Interest | | Balance at March 31, 2025 | $ | 3,089.0 | | $ | 40.7 | | $ | 1,277.1 | | $ | 2,542.0 | | $ | (238.9) | | $ | (703.2) | | $ | 171.3 | | | Net income | 85.7 | | | | 78.5 | | | | 7.2 | | | Foreign currency translation adjustment | 143.6 | | | | | 144.0 | | | (0.4) | | Pension and other postretirement liability adjustments (net of income tax benefit of $0.5 million) | (1.7) | | | | | (1.7) | | | | | | | | | | | | Change in fair value of derivative financial instruments, net of reclassifications | (3.6) | | | | | (3.6) | | | | | | | | | | | | Dividends - $0.35 per share | (24.4) | | | | (24.4) | | | | | | | | | | | | | | Stock-based compensation expense | 6.9 | | | 6.9 | | | | | | | Stock purchased at fair market value | (22.6) | | | | | | (22.6) | | | | Stock option exercise activity | 0.2 | | | 0.2 | | | | | | | | | | | | | | | | | | | | | | Payments related to tax withholding for stock-based compensation | (0.3) | | | | | | (0.3) | | | | Balance at June 30, 2025 | $ | 3,272.8 | | $ | 40.7 | | $ | 1,284.2 | | $ | 2,596.1 | | $ | (100.2) | | $ | (726.1) | | $ | 178.1 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 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 | 177.1 | | | | 156.8 | | | | 20.3 | | | Foreign currency translation adjustment | 210.7 | | | | | 210.5 | | | 0.2 | | Pension and other postretirement liability adjustments (net of income tax benefit of $1.0 million) | (3.3) | | | | | (3.3) | | | | Change in fair value of derivative financial instruments, net of reclassifications | (5.7) | | | | | (5.7) | | | | | | | | | | | | Dividends - $0.69 per share | (49.5) | | | | (49.5) | | | | | | | | | | | | | | | | | | | | | | Stock-based compensation expense | 14.4 | | | 14.4 | | | | | | | Stock purchased at fair market value | (45.7) | | | | | | (45.7) | | | | Stock option exercise activity | 0.5 | | | 0.5 | | | | | | | | | | | | | | Payments related to tax withholding for stock-based compensation | (9.8) | | | | | | (9.8) | | | | Balance at June 30, 2025 | $ | 3,272.8 | | $ | 40.7 | | $ | 1,284.2 | | $ | 2,596.1 | | $ | (100.2) | | $ | (726.1) | | $ | 178.1 | |
|