Change in Accounting Principles (Tables)

3 Months Ended

Mar. 31, 2017

Accounting Changes [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The following tables reflect the changes to financial statement line items as a result of the change in accounting principles for the periods presented in the accompanying unaudited consolidated financial statements:

Consolidated Statements of Income:

	Three Months Ended
	March 31, 2017							March 31, 2016
	Previous Accounting Method		As Reported		Effect of Accounting Change			As Previously Reported		Revised		Effect of Accounting Change
Cost of products sold	$	523.1	$	523.3	$	0.2		$	503.1	$	500.9	$	(2.2	)
Gross profit	180.7		180.5		(0.2		)	180.9		183.1		2.2
Selling, general and administrative expense (SG&A)	120.5		119.6		(0.9		)	118.3		116.1		(2.2		)
Pension settlement expenses	10.7		—		(10.7		)	1.2		1.2		—
Operating income	47.8		59.2		11.4			50.9		55.3		4.4
Income before income taxes	42.2		53.6		11.4			90.5		94.9		4.4
Provision for income taxes	11.5		15.5		4.0			27.6		29.1		1.5
Net income	30.7		38.1		7.4			62.9		65.8		2.9
Net income attributable to The Timken Company	$	30.8	$	38.2	$	7.4		$	63.0	$	65.9	$	2.9
Basic earnings per share	$	0.39	$	0.49	$	0.10		$	0.79	$	0.83	$	0.04
Diluted earnings per share	$	0.39	$	0.48	$	0.09		$	0.78	$	0.82	$	0.04

Consolidated Statements of Comprehensive Income:

	Three Months Ended
	March 31, 2017							March 31, 2016
	Previous Accounting Method		As Reported		Effect of Accounting Change			As Previously Reported		Revised		Effect of Accounting Change
Net Income	$	30.7	$	38.1	$	7.4		$	62.9	$	65.8	$	2.9
Foreign currency translation adjustments	20.4		20.4		—			14.8		15.3		0.5
Pension and postretirement liability adjustment	7.5		0.1		(7.4		)	3.7		0.4		(3.3		)
Other comprehensive income, net of tax	27.1		19.7		(7.4		)	16.2		13.4		(2.8		)
Comprehensive Income, net of tax	57.8		57.8		—			79.1		79.2		0.1
Less: comprehensive income attributable to noncontrolling interest	2.5		2.5		—			1.0		1.1		0.1
Comprehensive Income attributable to The Timken Company	$	55.3	$	55.3	$	—		$	78.1	$	78.1	$	—

Consolidated Balance Sheets:

	March 31, 2017									December 31, 2016
	Previous Accounting Method			As Reported			Effect of Accounting Change			As Previously Reported			Revised			Effect of Accounting Change
Inventories, net	$	558.3		$	566.2		$	7.9		$	545.8		$	553.7		$	7.9
Total current assets	1,262.8			1,270.7			7.9			1,204.0			1,211.9			7.9
Deferred income taxes	53.7			50.7			(3.0		)	54.4			51.4			(3.0		)
Total other assets	740.3			737.3			(3.0		)	749.9			746.9			(3.0		)
Total assets	2,810.7			2,815.6			4.9			2,758.3			2,763.2			4.9
Earnings invested in the business	1,538.2			1,306.3			(231.9		)	1,528.6			1,289.3			(239.3		)
Accumulated other comprehensive income	(297.5		)	(60.8		)	236.7			(322.0		)	(77.9		)	244.1
Total shareholders' equity	1,316.3			1,321.1			4.8			1,274.9			1,279.7			4.8
Noncontrolling interest	33.6			33.7			0.1			31.1			31.2			0.1
Total equity	$	1,349.9		$	1,354.8		$	4.9		$	1,306.0		$	1,310.9		$	4.9

Consolidated Statements of Cash Flows:

	Three Months Ended
	March 31, 2017								March 31, 2016
	Previous Accounting Method			As Reported		Effect of Accounting Change			As Previously Reported		Revised		Effect of Accounting Change
Net income attributable to The Timken Company	$	30.8		$	38.2	$	7.4		$	63.0	$	65.9	$	2.9
Deferred income tax provision	(2.5		)	1.5		4.0			0.7		2.2		1.5
Pension and other postretirement expense	18.6			7.2		(11.4		)	9.3		4.9		(4.4		)