Schedule 2 Valuation and Qualifying Accounts Valuation and Qualifying Accounts (Notes)

12 Months Ended

Dec. 31, 2014

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Schedule II—Valuation and Qualifying Accounts

The Timken Company and Subsidiaries



Allowance for uncollectible accounts:	2014			2013			2012
Balance at Beginning of Period	$	10.1		$	11.0		$	16.6
Additions:
Charged to Costs and Expenses ⁽¹⁾	2.7			2.4			8.5
Charged to Other Accounts ⁽²⁾	(0.5		)	—			(0.6		)
Deductions ⁽³⁾	(1.4		)	3.3			13.5
Balance at End of Period	$	13.7		$	10.1		$	11.0

Allowance for surplus and obsolete inventory:	2014			2013			2012
Balance at Beginning of Period	$	18.4		$	19.0		$	28.7
Additions:
Charged to Costs and Expenses ⁽⁴⁾	28.0			10.5			9.3
Charged to Other Accounts ⁽²⁾	(5.7		)	0.2			1.2
Deductions ⁽⁵⁾	27.9			11.3			20.2
Balance at End of Period	$	12.8		$	18.4		$	19.0

Valuation allowance on deferred tax assets:	2014			2013			2012
Balance at Beginning of Period	$	177.0		$	164.0		$	162.4
Additions
Charged to Costs and Expenses ⁽⁶⁾	14.4			32.1			13.8
Charged to Other Accounts ⁽⁷⁾	(10.0		)	(4.5		)	8.8
Deductions ⁽⁸⁾	36.0			14.6			21.0
Balance at End of Period	$	145.4		$	177.0		$	164.0


(1)	Provision for uncollectible accounts included in expenses.


(2)	Currency translation and change in reserves due to acquisitions, net of divestitures.


(3)	Actual accounts written off against the allowance—net of recoveries.

(4)

Provisions for surplus and obsolete inventory included in expenses. Higher Obsolete and Surplus Inventory expenses in 2014 were a result of an inventory adjustment of $18.7 million in the third quarter that was recorded as a result of the announcement to exit the engine overhaul business, as well as other product lines, and lower than expected future sales. The Company sold or disposed of this excess inventory during the fourth quarter of 2014


(5)	Inventory items written off against the allowance.


(6)	Increase in valuation allowance is recorded as a component of the provision for income taxes.


(7)	Includes valuation allowances recorded against other comprehensive income/loss or goodwill.


(8)	Amount primarily relates to the reversal of valuation allowances due to the realization of net operating loss carryforwards.