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Equity (Tables)
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Equity The changes in the components of equity for the nine months ended September 30, 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
244.7

 
 
242.8

 
 
1.9

Foreign currency translation adjustment
(62.5
)
 
 
 
(53.8
)
 
(8.7
)
Change in fair value of derivative financial
instruments, net of reclassifications
4.0

 
 
 
4.0

 
 
Shares issued for the acquisition of ABC
Bearings
66.0

 
30.9

 
 
 
35.1

Dividends – $0.83 per share
(64.2
)
 
 
(64.2
)
 
 
 
Stock-based compensation
25.5

 
25.5

 
 
 
 
Stock purchased at fair market value
(63.0
)
 
 
 
 
(63.0
)
 
Stock option exercise activity
12.7

 
(3.7
)
 
 
16.4

 
Restricted share activity

 
(11.4
)
 
 
11.4

 
Shares surrendered for taxes
(5.4
)
 
 
 
 
(5.4
)
 
Balance at September 30, 2018
$
1,640.4

$
53.1

$
945.1

$
1,595.4

$
(88.8
)
$
(924.9
)
$
60.5