| Schedule of Changes in the Components of Equity |
The following tables present the changes in the components of equity for the three and nine months ended September 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 June 30, 2026 | $ | 3,363.1 | | $ | 40.7 | | $ | 1,319.3 | | $ | 2,755.7 | | $ | (124.8) | | $ | (796.4) | | $ | 168.6 | | | Net income | 99.7 | | | | 93.8 | | | | 5.9 | | | Foreign currency translation adjustment | (10.9) | | | | | (8.9) | | | (2.0) | | 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 | 0.7 | | | | | 0.7 | | | | | Dividends declared to noncontrolling interest | (0.9) | | | | | | | (0.9) | | Dividends - $0.36 per share | (24.9) | | | | (24.9) | | | | | | | | | | | | | | | | | | | | | | Stock-based compensation expense | 6.1 | | | 6.1 | | | | | | | Stock purchased at fair market value | (63.8) | | | | | | (63.8) | | | | Stock option exercise activity | 0.7 | | | 0.7 | | | | | | | | | | | | | | Payments related to tax withholding for
stock-based compensation | (1.9) | | | | | | (1.9) | | | | Balance at September 30, 2026 | $ | 3,366.4 | | $ | 40.7 | | $ | 1,326.1 | | $ | 2,824.6 | | $ | (134.5) | | $ | (862.1) | | $ | 171.6 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | 242.8 | | | | 220.9 | | | | 21.9 | | | Foreign currency translation adjustment | (45.6) | | | | | (35.1) | | | (10.5) | | Pension and other postretirement liability adjustments (net of income tax benefit of $1.5 million) | (4.5) | | | | | (4.5) | | | | Change in fair value of derivative financial
instruments, net of reclassifications | 1.6 | | | | | 1.6 | | | | Dividends - $1.07 per share | (75.2) | | | | (75.2) | | | | | | Dividends declared to noncontrolling interest | (0.9) | | | | | | | (0.9) | | | | | | | | | | | | | | | | | | | Stock-based compensation expense | 20.6 | | | 20.6 | | | | | | | Stock purchased at fair market value | (111.8) | | | | | | (111.8) | | | | Stock option exercise activity | 6.0 | | | 6.0 | | | | | | | | | | | | | | | | | | | | | | Payments related to tax withholding for
stock-based compensation | (12.3) | | | | | | (12.3) | | | | Balance at September 30, 2026 | $ | 3,366.4 | | $ | 40.7 | | $ | 1,326.1 | | $ | 2,824.6 | | $ | (134.5) | | $ | (862.1) | | $ | 171.6 | |
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 June 30, 2025 | $ | 3,272.8 | | $ | 40.7 | | $ | 1,284.2 | | $ | 2,596.1 | | $ | (100.2) | | $ | (726.1) | | $ | 178.1 | | | Net income | 74.3 | | | | 69.3 | | | | 5.0 | | | Foreign currency translation adjustment | (16.8) | | | | | (10.8) | | | (6.0) | | 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 declared to noncontrolling interest | (15.0) | | | | | | | (15.0) | | Dividends - $0.35 per share | (24.4) | | | | (24.4) | | | | | | | | | | | | | | Stock-based compensation expense | 6.3 | | | 6.3 | | | | | | | | | | | | | | | Stock option exercise activity | 0.6 | | | 0.6 | | | | | | | | | | | | | | | | | | | | | | Payments related to tax withholding for
stock-based compensation | (0.1) | | | | | | (0.1) | | | | Balance at September 30, 2025 | $ | 3,296.8 | | $ | 40.7 | | $ | 1,291.1 | | $ | 2,641.0 | | $ | (111.9) | | $ | (726.2) | | $ | 162.1 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | 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 | 251.4 | | | | 226.1 | | | | 25.3 | | | Foreign currency translation adjustment | 193.9 | | | | | 199.7 | | | (5.8) | | Pension and other postretirement liability adjustments (net of income tax benefit of $1.5 million) | (4.8) | | | | | (4.8) | | | | Change in fair value of derivative financial
instruments, net of reclassifications | (5.1) | | | | | (5.1) | | | | | Dividends declared to noncontrolling interest | (15.0) | | | | | | | (15.0) | | Dividends - $1.04 per share | (73.9) | | | | (73.9) | | | | | | | | | | | | | | | | | | | | | | Stock-based compensation expense | 20.7 | | | 20.7 | | | | | | | Stock purchased at fair market value | (45.7) | | | | | | (45.7) | | | | Stock option exercise activity | 1.1 | | | 1.1 | | | | | | | | | | | | | | Payments related to tax withholding for
stock-based compensation | (9.9) | | | | | | (9.9) | | | | Balance at September 30, 2025 | $ | 3,296.8 | | $ | 40.7 | | $ | 1,291.1 | | $ | 2,641.0 | | $ | (111.9) | | $ | (726.2) | | $ | 162.1 | |
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