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Equity (Tables)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Equity The changes in the components of equity for the three months ended March 31, 2018 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, 2017
$
1,474.9

$
53.1

$
903.8

$
1,408.4

$
(38.3
)
$
(884.3
)
$
32.2

Cumulative effect of the new revenue standard (net of income tax benefit of $2.6 million)
7.7

 
 
7.7

 
 
 
Cumulative effect of ASU 2018-02

 
 
0.7

(0.7
)
 
 
Net income
80.5

 
 
80.2

 
 
0.3

Foreign currency translation adjustment
8.4

 
 
 
9.0

 
(0.6
)
Change in fair value of derivative financial
instruments, net of reclassifications
0.8

 
 
 
0.8

 
 
Dividends – $0.27 per share
(21.1
)
 
 
(21.1
)
 
 
 
Stock-based compensation
10.3

 
10.3

 
 
 
 
Stock purchased at fair market value
(22.7
)
 
 
 
 
(22.7
)
 
Stock option exercise activity
8.4

 
(1.4
)
 
 
9.8

 
Restricted share activity

 
(11.2
)
 
 
11.2

 
Shares surrendered for taxes
(4.4
)
 
 
 
 
(4.4
)
 
Balance at March 31, 2018
$
1,542.8

$
53.1

$
901.5

$
1,475.9

$
(29.2
)
$
(890.4
)
$
31.9