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Schedule Of Subsequent Events (Notes)
3 Months Ended
Mar. 31, 2013
Subsequent Events [Abstract]  
Subsequent Events


On April 11, 2013, the Company completed the acquisition of the assets of Smith Services, Inc. (Smith Services), an electric motor repair specialist, for $13.3 million. Based in Princeton, West Virginia and employing approximately 140 people, Smith Services had 2012 sales of approximately $17 million. The Company will report the results for Smith Services in the Process Industries segment.

In April 2013, the Company issued new shares in its subsidiary in India, Timken India Limited, for approximately $9.4 million, which diluted its controlling interest from 80% to 75%.

In November 2010, the Company entered into an agreement to sell the real estate of its former manufacturing facility in Sao Paulo. The transfer of this land was expected to be completed as early as 2013 after the Company had finished the soil remediation and a groundwater remediation plan had been approved.  Based on the terms of the agreement, once title transferred, the Company expected to receive approximately $30 million, including interest, subject to fluctuation in foreign currency exchange rates, over an 18-month period.  On April 24, 2013, the Company was notified by the buyer that it was exercising its right to terminate the agreement.  The Company is considering its options with respect to this real estate.