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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Cost of products sold $ 760.6 $ 573.2 $ 1,486.8 $ 1,217.7
Gross Profit 302.3 230.3 601.5 509.2
Selling, general and administrative expenses 149.0 111.8 293.5 265.4
Impairment and restructuring charges 1.3 3.1 5.3 6.7
Operating Income 152.0 115.4 302.7 237.1
Interest expense (15.3) (18.9) (30.2) (36.0)
Interest income 0.7 0.6 1.2 2.1
Non-service pension and other postretirement income (expense) 1.4 (5.3) 5.4 (1.9)
Other (expense) income, net (2.2) (2.0) (1.2) 2.1
Income Before Income Taxes 136.6 89.8 277.9 203.4
Provision for income taxes 29.4 28.0 54.7 57.6
Net Income 107.2 61.8 223.2 145.8
Less: Net income (loss) attributable to noncontrolling interest 2.4 (0.1) 5.1 3.2
Net Income Attributable to The Timken Company $ 104.8 $ 61.9 $ 218.1 $ 142.6
Net Income per Common Share Attributable to The Timken Company Common Shareholders        
Basic earnings per share (in dollars per share) $ 1.38 $ 0.82 $ 2.87 $ 1.89
Diluted earnings per share (in dollars per share) $ 1.36 $ 0.82 $ 2.82 $ 1.88
Net sales $ 1,062.9 $ 803.5 $ 2,088.3 $ 1,726.9