v3.24.1.u1
Equity (Tables)
 3 Months Ended
Mar. 31, 2024
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, 2024 and 2023, 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, 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 

  The Timken Company Shareholders 
 TotalStated
Capital		Other
Paid-In
Capital		Retained EarningsAccumulated
Other
Comprehensive
Loss		Treasury
Stock		Non
controlling
Interest
Balance at December 31, 2022$2,352.9 $40.7 $829.6 $1,932.1 $(181.9)$(352.2)$84.6 
Net income125.7 122.3 3.4 
Foreign currency translation adjustment27.7 27.4 0.3 
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		(0.8)(0.8)
Dividends - $0.31 per share
(23.6)(23.6)
Stock-based compensation expense11.0 11.0 
Stock purchased at fair market value(54.0)(54.0)
Stock option exercise activity12.7 12.7 
Payments related to tax withholding for
stock-based compensation		(13.8)(13.8)
Balance at March 31, 2023$2,436.3 $40.7 $853.3 $2,030.8 $(156.8)$(420.0)$88.3