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Equity
3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Equity
Note 8 - Equity

The changes in the equity components for the three months ended March 31, 2015 were as follows:
 
 
The Timken Company Shareholders
 
  
Total
Stated
Capital
Other
Paid-In
Capital
Earnings
Invested
in the
Business
Accumulated
Other
Comprehensive
(Loss)
Treasury
Stock
Non-
controlling
Interest
Balance at December 31, 2014
$
1,589.1

$
53.1

$
899.4

$
1,615.4

$
(482.5
)
$
(509.2
)
$
12.9

Net income
(134.8
)
 
 
(135.2
)
 
 
0.4

Foreign currency translation adjustment
(27.8
)
 
 
 
(27.8
)
 

Pension and postretirement liability
adjustment (net of the income tax
benefit of $60.3 million)
105.1

 
 
 
105.1

 
 
Dissolution of joint venture
(0.1
)
 
 
 
 
 
(0.1
)
Dividends – $0.25 per share
(21.9
)
 
 
(21.9
)
 
 
 
Excess tax benefit from stock compensation
1.0

 
1.0

 
 
 
 
Stock-based compensation expense
4.1

 
4.1

 
 
 
 
Stock purchased at fair market value
(96.8
)
 
 
 
 
(96.8
)
 
Stock option exercise activity
1.1

 
(3.8
)
 
 
4.9

 
Restricted shares (issued) surrendered

 
(5.1
)
 
 
5.1

 
Shares surrendered for taxes
(2.8
)
 
 
 
 
(2.8
)
 
Balance at March 31, 2015
$
1,416.2

$
53.1

$
895.6

$
1,458.3

$
(405.2
)
$
(598.8
)
$
13.2