The Timken Company (TKR) 10-Q3 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-1169
Entity Registrant Name	TIMKEN CO
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-0577130
Entity Address, Address Line One	4500 Mount Pleasant Street NW
Entity Address, City or Town	North Canton
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44720-5450
City Area Code	234
Local Phone Number	262.3000
Title of 12(b) Security	Common Shares, without par value
Trading Symbol	TKR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		71,041,023
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000098362
Current Fiscal Year End Date	--12-31

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net sales	$ 1,272.3	$ 1,153.7	$ 2,535.1	$ 2,278.3
Cost of products sold	866.9	801.3	1,712.9	1,587.6
Selling, general and administrative expenses	184.9	155.9	371.7	310
Amortization of intangible assets	17.3	10.6	30.8	21.5
Impairment and restructuring charges	2.5	10	31.4	11
Operating Income	200.7	175.9	388.3	348.2
Interest expense	(28.3)	(18.3)	(52.4)	(32.6)
Interest income	1.9	1	3.4	1.6
Non-service pension and other postretirement (expense) income	0	(7.9)	0.1	(6.6)
Other income (expense), net	2.3	(1.1)	5.4	(0.9)
Income Before Income Taxes	176.6	149.6	344.8	309.7
Provision for income taxes	47.1	44	89.6	82.2
Net Income	129.5	105.6	255.2	227.5
Less: Net income attributable to noncontrolling interest	4.3	0.6	7.7	4.3
Net Income Attributable to The Timken Company	$ 125.2	$ 105	$ 247.5	$ 223.2
Net Income per Common Share Attributable to The Timken Company Common Shareholders
Basic earnings per share (in dollars per share)	$ 1.74	$ 1.43	$ 3.43	$ 3.01
Diluted earnings per share (in dollars per share)	$ 1.73	$ 1.42	$ 3.39	$ 2.98

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 129.5	$ 105.6	$ 255.2	$ 227.5
Other comprehensive loss, net of tax:
Foreign currency translation adjustments	(27.9)	(113.1)	(0.2)	(135.7)
Pension and postretirement liability adjustments	(1.6)	(1.4)	(3.1)	(2.9)
Change in fair value of derivative financial instruments	(0.3)	2.2	(1.1)	4.2
Other comprehensive loss, net of tax	(29.8)	(112.3)	(4.4)	(134.4)
Comprehensive income (loss), net of tax	99.7	(6.7)	250.8	93.1
Less: comprehensive income attributable to noncontrolling interest	4	1.7	7.7	2.8
Comprehensive income (loss) attributable to The Timken Company	$ 95.7	$ (8.4)	$ 243.1	$ 90.3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 344.3	$ 331.6
Restricted cash	8	9.1
Accounts receivable, less allowances (2023 – $17.9 million; 2022 – $17.9 million)	811.9	699.6
Unbilled receivables	121.8	103.9
Inventories, net	1,251.7	1,191.3
Deferred charges and prepaid expenses	45.4	44.4
Other current assets	127.7	124.1
Total Current Assets	2,710.8	2,504
Property, Plant and Equipment, net	1,255.5	1,207.4
Other Assets
Goodwill	1,198.4	1,098.3
Other intangible assets	876.1	765.3
Operating lease assets	111.9	101.4
Deferred income taxes	70.3	71
Other non-current assets	28.3	25
Total Other Assets	2,285	2,061
Total Assets	6,251.3	5,772.4
Current Liabilities
Accounts payable, trade	392.2	403.9
Short-term debt, including current portion of long-term debt	53.2	49
Salaries, wages and benefits	135.2	155.3
Income taxes payable	77.8	51.3
Other current liabilities	364	352.9
Total Current Liabilities	1,022.4	1,012.4
Non-Current Liabilities
Long-term debt	2,046.5	1,914.2
Accrued pension benefits	161.3	160.3
Accrued postretirement benefits	31.5	31.4
Long-term operating lease liabilities	70.3	65.2
Deferred income taxes	167.3	139.8
Other non-current liabilities	102	96.2
Total Non-Current Liabilities	2,578.9	2,407.1
Shareholders’ Equity
Class I and II Serial Preferred Stock, without par value: Authorized – 10,000,000 shares each class, none issued	0	0
Stated capital	40.7	40.7
Other paid-in capital	1,058.4	829.6
Retained earnings	2,132.2	1,932.1
Accumulated other comprehensive loss	(178.2)	(181.9)
Treasury shares at cost (2023 – 7,304,483 shares; 2022 – 5,188,257 shares)	(521.8)	(352.2)
Total Shareholders’ Equity	2,531.3	2,268.3
Noncontrolling Interest	118.7	84.6
Total Equity	2,650	2,352.9
Total Liabilities and Equity	$ 6,251.3	$ 5,772.4

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Allowances for accounts receivable	$ 17.9	$ 17.9
Common stock authorized (in shares)	200,000,000	200,000,000
Common stock issued (in shares)	78,546,583	77,767,640
Treasury stock (in shares)	7,304,483	5,188,257
Preferred Class A
Preferred stock authorized (Class I & Class II Preferred stock) (in shares)	10,000,000	10,000,000
Preferred stock issued (Class I & Class II Preferred stock) (in shares)	0	0
Preferred Class B
Preferred stock authorized (Class I & Class II Preferred stock) (in shares)	10,000,000	10,000,000
Preferred stock issued (Class I & Class II Preferred stock) (in shares)	0	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating Activities
Net Income	$ 255.2	$ 227.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	96.8	82.1
Impairment charges	28.3	8.8
Loss on sale of assets	1.2	0.8
Gain (loss) on derivatives	(3.6)	0
Deferred income tax provision	2.8	1.7
Stock-based compensation expense	17.1	15.6
Pension and other postretirement expense	1.1	11.2
Pension and other postretirement benefit contributions and payments	(7.2)	(8.1)
Changes in operating assets and liabilities:
Accounts receivable	(87.4)	(149.3)
Unbilled receivables	(17.7)	(2.9)
Inventories	15.3	(126.1)
Accounts payable, trade	(14.9)	(6.1)
Other accrued expenses	(29.1)	16.6
Income taxes	(32.3)	12.1
Other, net	(3)	(6.8)
Net Cash Provided by Operating Activities	222.6	77.1
Investing Activities
Capital expenditures	(91.3)	(75.2)
Acquisitions, net of cash acquired	(324.6)	(152.3)
Proceeds from disposal of property, plant and equipment	0.3	0
Proceeds from divestitures, net of cash divested	4.5	3.1
Investments in short-term marketable securities, net	(0.8)	23.4
Other, net	(0.1)	2.3
Net Cash Used in Investing Activities	(412)	(198.7)
Financing Activities
Cash dividends paid to shareholders	(47.4)	(46.4)
Purchase of treasury shares	(154.5)	(144.3)
Proceeds from exercise of stock options	17.2	1.6
Payments related to tax withholding for stock-based compensation	(15.1)	(8.1)
Borrowings on accounts receivable facility	29	122
Payments on accounts receivable facility	(29)	(122)
Proceeds from long-term debt	768.9	684.5
Payments on long-term debt	(643.5)	(344.8)
Deferred financing costs	0	(3.5)
Short-term debt activity, net	(1.4)	31.9
Proceeds from the sale of shares in Timken India Limited	284.8	0
Other	0	6.5
Net Cash Provided by Financing Activities	209	177.4
Effect of exchange rate changes on cash	(8)	(7.7)
Increase in Cash, Cash Equivalents and Restricted Cash	11.6	48.1
Cash, cash equivalents and restricted cash at beginning of year	340.7	257.9
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 352.3	$ 306

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 - Basis of Presentation The accompanying Consolidated Financial Statements (unaudited) for The Timken Company (the "Company" or "Timken") have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and notes required by the accounting principles generally accepted in the United States ("U.S. GAAP") for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) and disclosures considered necessary for a fair presentation have been included. For further information, refer to the Consolidated Financial Statements and accompanying Notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The Company previously classified intangible asset amortization expense within cost of products sold in the Company's Consolidated Statements of Income. Intangible asset amortization expense is now classified separately. The 2022 presentation has been revised to conform to the 2023 presentation resulting in a reduction in the cost of products sold for the three and six months ended June 30, 2022.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Jun. 30, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2 - Significant Accounting Policies The Company's significant accounting policies are detailed in " Note 1 - Significant Accounting Policies" of the Annual Report on Form 10-K for the year ended December 31, 2022. Recent Accounting Pronouncements: New Accounting Guidance Adopted: In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50)." ASU 2022-04 is intended to establish disclosures that enhance the transparency of a supplier finance program used by an entity in connection with the purchase of goods and services. Supplier finance programs, which also may be referred to as reverse factoring, payables finance or structured payables arrangements, allow a buyer to offer its suppliers the option for access to payment in advance of an invoice due date, which is paid by a third-party finance provider or intermediary. Under the guidance, a buyer in a supplier finance program would disclose qualitative and quantitative information about its supplier finance programs. The new guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted. Refer to Note 12 - Supply Chain Financing in the Notes to the Consolidated Financial Statements for additional information.

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
Acquisitions and Divestitures	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	Note 3 - Acquisitions and Divestitures Acquisitions: During the first six months of 2023, the Company completed two acquisitions. On April 4, 2023, the Company acquired Leonardo Top S.a.r.l. ("Nadella"), a leading European manufacturer of linear guides, telescopic rails, actuators and systems and other specialized industrial motion solutions, from ICG plc. Based in Italy, Nadella employs approximately 450 people and operates manufacturing facilities in Europe and China. Nadella reported revenue of approximately €100 million in 2022. Results for Nadella are reported in the Industrial Motion segment. On January 31, 2023, the Company acquired the assets of American Roller Bearing Company ("ARB"), a North Carolina-based manufacturer of industrial bearings. ARB, which boasts a large U.S. installed base and strong aftermarket business, operates manufacturing facilities in Hiddenite and Morganton, North Carolina. ARB reported revenue of approximately $35 million in 2022. Results for ARB are reported in the Engineered Bearings segment. The total purchase price for these acquisitions was $326.9 million, net of cash acquired of $21.0 million. The Company incurred acquisition-related costs of $2.7 million to complete these acquisitions. The following table presents the preliminary purchase price allocation at fair value for the 2023 acquisitions as of June 30, 2023. Initial Purchase Assets: Accounts receivable $ 25.0 Inventories 72.6 Other current assets 5.3 Property, plant and equipment 34.1 Goodwill 121.3 Other intangible assets 136.7 Other non-current assets 4.9 Total assets acquired $ 399.9 Liabilities: Accounts payable, trade $ 15.3 Salaries, wages and benefits 4.7 Income taxes payable 4.1 Other current liabilities 6.4 Short-term debt 5.0 Long-term debt 6.0 Deferred income taxes 27.7 Other non-current liabilities 3.8 Total liabilities assumed $ 73.0 Net assets acquired $ 326.9 In determining the fair value of the amounts above, the Company utilized various forms of the income, cost and market approaches depending on the asset or liability being valued. The estimation of fair value required judgement related to future net cash flows, discount rates, competitive trends, market comparisons and other factors. Inputs were generally determined by taking into account independent appraisals and historical data, supplemented by current and anticipated market conditions. Note 3 - Acquisitions and Divestitures (continued) The amounts in the table above represent the preliminary purchase price allocation for the 2023 acquisitions. This purchase price allocation, including the residual amount allocated to goodwill, is based on preliminary information and is subject to change as additional information concerning final asset and liability valuations are obtained and management completes its reassessment of the measurement period procedures based on the results of the preliminary valuation. As of June 30, 2023, no elements of the purchase price allocation have been finalized. During the applicable measurement period, the Company will adjust assets and liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in revised estimated values of those assets or liabilities as of that date. The effect of measurement period adjustments to the estimated fair values will be reflected as if the adjustments has been completed on the acquisition date. The following table summarizes the preliminary purchase price allocation at fair value for identifiable intangible assets acquired in 2023. 2023 Weighted- Trade names $ 18.8 15 years Technology and know-how 29.4 15 years Customer relationships 88.4 9 years Capitalized software 0.1 2 years Total intangible assets $ 136.7 On November 4, 2022, the Company completed the acquisition of GGB Bearing Technology ("GGB"), a global technology and market leader of premium engineered metal-polymer plain bearings, for $300.2 million, net of cash acquired of $19.7 million. GGB's revenue was approximately $200 million for the full year 2022. GGB's products are used mainly in industrial applications, including pumps and compressors, HVAC, off-highway, energy, material handling and aerospace. With manufacturing facilities across the United States, Europe and China, GGB employs approximately 900 people and has a global engineering, distribution and sales footprint. Results for GGB are reported in the Engineered Bearings segment. On May 31, 2022, the Company completed the acquisition of Spinea, s.r.o. ("Spinea"), a European technology leader and manufacturer of highly engineered cycloidal reduction gears and actuators, with full year 2022 sales of approximately $40 million. Spinea’s solutions primarily serve high-precision automation and robotics applications in the factory automation platform. Spinea is located in Presov, Slovakia. The purchase price for this acquisition was $151.2 million, net of cash acquired of $0.2 million. Results for Spinea are reported in the Industrial Motion segment. Note 3 - Acquisitions and Divestitures (continued) The following table presents the updated purchase price allocation at fair value, net of cash acquired, for the 2022 acquisitions, as of June 30, 2023: Initial Purchase Price Allocation Adjustments Updated Purchase Price Allocation Assets: Accounts receivable $ 30.6 $ 0.1 $ 30.7 Inventories 52.3 (0.3) 52.0 Other current assets 7.6 — 7.6 Property, plant and equipment 153.6 (4.7) 148.9 Goodwill 106.9 (1.4) 105.5 Other intangible assets 182.6 (0.8) 181.8 Other assets 12.1 3.9 16.0 Total assets acquired $ 545.7 $ (3.2) $ 542.5 Liabilities: Accounts payable, trade $ 16.8 $ (0.5) $ 16.3 Salaries, wages and benefits 11.8 — 11.8 Income taxes payable 3.2 — 3.2 Other current liabilities 7.0 (1.0) 6.0 Accrued pension benefits 3.2 0.3 3.5 Deferred income taxes 30.0 — 30.0 Other non-current liabilities 20.0 0.3 20.3 Total liabilities assumed $ 92.0 $ (0.9) $ 91.1 Net assets acquired $ 453.7 $ (2.3) $ 451.4 The above purchase price allocation, including the residual amount allocated to goodwill, is based on preliminary information and is subject to change as additional information concerning final asset and liability valuations is obtained. The purchase price allocation for Spinea was finalized during the second quarter of 2023. The purchase price allocation for GGB is preliminary pending the continued evaluation of real estate and other property, plant and equipment assets, as well as the related impacts on deferred income taxes. During the measurement period, the Company will adjust assets and liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in revised estimated values of those assets or liabilities as of that date. The effect of measurement period adjustments to the estimated fair values will be reflected as if the adjustments had been completed on the acquisition date. Divestitures: On February 28, 2023, the Company completed the sale of all of its membership interests in S.E. Setco Services Company, LLC ("SE Setco"), a 50% owned joint venture. The Company had accounted for SE Setco as an equity method investment prior to the sale. The Company received $5.7 million in cash proceeds for SE Setco and recognized a pretax gain of $4.8 million on the sale. The gain was reflected in other income, net in the Consolidated Statement of Income.

Segment Information

Segment Information	6 Months Ended
Segment Information	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Note 4 - Segment Information The primary measurement used by management to measure the financial performance of each segment is earnings before interest, taxes, depreciation and amortization ("EBITDA"). Effective January 1, 2023, the Company began operating under new reportable segments. The Company’s two reportable segments are Engineered Bearings and Industrial Motion. Segment results for 2022 have been revised to conform to the 2023 presentation of segments. Three Months Ended Six Months Ended 2023 2022 2023 2022 Net sales: Engineered Bearings $ 857.2 $ 798.3 $ 1,757.9 $ 1,570.7 Industrial Motion 415.1 355.4 777.2 707.6 Net sales $ 1,272.3 $ 1,153.7 $ 2,535.1 $ 2,278.3 Segment EBITDA: Engineered Bearings $ 185.5 $ 167.5 $ 390.5 $ 335.8 Industrial Motion 80.9 65.1 129.1 127.5 Total EBITDA, for reportable segments $ 266.4 $ 232.6 $ 519.6 $ 463.3 Unallocated corporate expense (13.2) (13.4) (30.9) (26.3) Corporate pension and other postretirement benefit related income (expense) (1) 1.0 (11.6) 1.9 (14.2) Depreciation and amortization (51.2) (40.7) (96.8) (82.1) Interest expense (28.3) (18.3) (52.4) (32.6) Interest income 1.9 1.0 3.4 1.6 Income before income taxes $ 176.6 $ 149.6 $ 344.8 $ 309.7 (1) Corporate pension and other postretirement benefit related income (expense) represents actuarial gains and (losses) that resulted from the remeasurement of pension and other postretirement plan assets and obligations as a result of changes in assumptions or experience. June 30, December 31, 2022 Assets by Segment: Engineered Bearings $ 3,387.3 $ 3,270.3 Industrial Motion 2,435.7 2,070.1 Corporate (2) 428.3 432.0 $ 6,251.3 $ 5,772.4 (2) Corporate assets include corporate buildings and cash and cash equivalents.

Revenue

Revenue	6 Months Ended
Revenue	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Note 5 - Revenue The following table presents details deemed most relevant to the users of the financial statements about total revenue for the three and six months ended June 30, 2023 and 2022: Three Months Ended Three Months Ended June 30, 2023 June 30, 2022 Engineered Bearings Industrial Motion Total Engineered Bearings Industrial Motion Total United States $ 317.6 $ 218.8 $ 536.4 $ 302.0 $ 197.7 $ 499.7 Americas excluding the United States 96.0 27.9 123.9 104.6 24.3 128.9 Europe / Middle East / Africa 175.6 136.6 312.2 155.7 104.0 259.7 China 156.5 22.9 179.4 133.3 21.7 155.0 Asia-Pacific excluding China 111.5 8.9 120.4 102.7 7.7 110.4 Net sales $ 857.2 $ 415.1 $ 1,272.3 $ 798.3 $ 355.4 $ 1,153.7 Six Months Ended Six Months Ended June 30, 2023 June 30, 2022 Engineered Bearings Industrial Motion Total Engineered Bearings Industrial Motion Total United States $ 658.5 $ 413.1 $ 1,071.6 $ 591.8 $ 396.5 $ 988.3 Americas excluding the United States 188.2 55.8 244.0 197.0 45.1 242.1 Europe / Middle East / Africa 359.5 250.4 609.9 318.3 206.5 524.8 China 314.9 39.2 354.1 262.6 43.8 306.4 Asia-Pacific excluding China 236.8 18.7 255.5 201.0 15.7 216.7 Net sales $ 1,757.9 $ 777.2 $ 2,535.1 $ 1,570.7 $ 707.6 $ 2,278.3 When reviewing revenue by sales channel, the Company separates net sales to original equipment manufacturers ("OEMs") from sales to distributors and end users. The following table presents the approximate percent of revenue by sales channel for the six months ended June 30, 2023 and 2022: Six Months Ended Six Months Ended Revenue by sales channel June 30, 2023 June 30, 2022 Original equipment manufacturers 60% 60% Distribution/end users 40% 40% In addition to disaggregating revenue by segment, geography and by sales channel as shown above, the Company believes information about the timing of transfer of goods or services, type of customer and distinguishing service revenue from product sales is also relevant. During the six months ended June 30, 2023 and June 30, 2022, approximately 8% and 9%, respectively, of total net sales were recognized on an over-time basis because of the continuous transfer of control to the customer, with the remainder recognized as of a point in time. Approximately 4% of total net sales represented service revenue during the six months ended June 30, 2023 and June 30, 2022. Finally, business with the United States ("U.S.") government or its contractors represented approximately 6% of total net sales during each of the six months ended June 30, 2023 and June 30, 2022. Remaining Performance Obligations: Remaining performance obligations represent the transaction price of orders meeting the definition of a contract for which work has not been performed and excludes unexercised contract options. Performance obligations having a duration of more than one year are concentrated in contracts for certain products and services provided to the U.S. government or its contractors. The aggregate amount of the transaction price allocated to remaining performance obligations for such contracts with a duration of more than one year was approximately $216.0 million a t June 30, 2023. Note 5 - Revenue (continued) Unbilled Receivables: The following table contains a rollforward of unbilled receivables for the six months ended June 30, 2023 and the twelve months ended December 31, 2022: June 30, December 31, Beginning balance, January 1 $ 103.9 $ 104.5 Additional unbilled revenue recognized 207.6 396.2 Less: amounts billed to customers (189.7) (370.5) Less: unbilled receivables reclassified to assets held for sale — (26.3) Ending balance $ 121.8 $ 103.9 There were no impairment losses recorded on unbilled receivables for the six months ended June 30, 2023 and the twelve months ended December 31, 2022. Deferred Revenue: The following table contains a rollforward of deferred revenue for the six months ended June 30, 2023 and the twelve months ended December 31, 2022: June 30, December 31, Beginning balance, January 1 $ 54.3 $ 35.8 Revenue (cash) received in advance 105.7 54.8 Less: revenue recognized (104.6) (36.3) Ending balance $ 55.4 $ 54.3

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 6 - Income Taxes The Company's provision for income taxes in interim periods is computed by applying the estimated annual effective tax rates to income or loss before income taxes for the period. In addition, non-recurring or discrete items are recorded during the period(s) in which they occur. Three Months Ended Six Months Ended 2023 2022 2023 2022 Provision for income taxes $ 47.1 $ 44.0 $ 89.6 $ 82.2 Effective tax rate 26.7 % 29.4 % 26.0 % 26.5 % Income tax expense for the three and six months ended June 30, 2023 was calculated using forecasted multi-jurisdictional annual effective tax rates to determine a blended annual effective tax rate. The effective tax rate differs from the U.S. federal statutory rate of 21% primarily due to the projected mix of earnings in non-U.S. jurisdictions with relatively higher tax rates. The effective tax rate of 26.7% for the three months ended June 30, 2023 was lower than the effective tax rate for the three months ended June 30, 2022 primarily due to the net favorable impact of discrete tax items in comparison to the year ago period, partially offset by an increase in the mix of earnings in non-U.S. jurisdictions with relatively higher tax rates. The effective tax rate of 26.0% for the six months ended June 30, 2023 was lower than the effective tax rate for the six months ended June 30, 2022 primarily due to the net favorable impact of discrete tax items in comparison to the year ago period, partially offset by an increase in the mix of earnings in non-U.S. jurisdictions with relatively higher tax rates.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 7 - Earnings Per Share The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share for the three and six months ended June 30, 2023 and 2022, respectively: Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net income attributable to The Timken Company $ 125.2 $ 105.0 $ 247.5 $ 223.2 Denominator: Weighted average number of shares outstanding - basic 71,882,843 73,660,410 72,162,267 74,234,300 Effect of dilutive securities: Stock options and awards - based on the treasury 630,148 522,383 745,537 642,948 Weighted average number of shares outstanding assuming 72,512,991 74,182,793 72,907,804 74,877,248 Basic earnings per share $ 1.74 $ 1.43 $ 3.43 $ 3.01 Diluted earnings per share $ 1.73 $ 1.42 $ 3.39 $ 2.98 The dilutive effect of performance-based restricted stock units are included once they meet minimum performance thresholds. The dilutive effect of stock options includes all outstanding stock options except stock options that are considered antidilutive. Stock options are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. There were no antidilutive stock options outstanding during the three and six months ended June 30, 2023 and 2022.

Inventories

Inventories	6 Months Ended
Inventories	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Note 8 - Inventories The components of inventories at June 30, 2023 and December 31, 2022 were as follows: June 30, December 31, Manufacturing supplies $ 42.8 $ 41.7 Raw materials 140.9 132.0 Work in process 502.4 491.2 Finished products 642.8 584.8 Subtotal 1,328.9 1,249.7 Allowance for obsolete and surplus inventory (77.2) (58.4) Total inventories, net $ 1,251.7 $ 1,191.3 Inventories are valued at net realizable value, with approximately 61% valued on the first-in, first-out ("FIFO") method and the remaining 39% valued on the last-in, first-out ("LIFO") method. The majority of the Company's U.S. inventories are valued on the LIFO method. The Company's non-U.S. inventories are valued on the FIFO method. The LIFO reserve at June 30, 2023 and December 31, 2022 was $236.1 million and $235.4 million, respectively. An actual valuation of the inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs. Because these calculations are subject to many factors beyond management’s control, annual results may differ from interim results as they are subject to the final year-end LIFO inventory valuation.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
Goodwill and Other Intangible Assets	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 9 - Goodwill and Other Intangible Assets The Company tests goodwill and indefinite-lived intangible assets for impairment at least annually, performing its annual impairment test as of October 1 st . Furthermore, goodwill and indefinite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In connection with the adoption of new reportable segments, goodwill was reallocated to new reporting units based on relative fair value at the reporting unit level. The Engineered Bearings segment has one reporting unit and the Industrial Motion segment has six reporting units. The changes in the carrying amount of goodwill for the six months ended June 30, 2023 were as follows: Engineered Bearings Industrial Motion Total Beginning balance $ 679.8 $ 418.5 $ 1,098.3 Acquisitions — 121.3 121.3 Impairment loss — (28.3) (28.3) Foreign currency translation adjustments and other changes 2.6 4.5 7.1 Ending balance $ 682.4 $ 516.0 $ 1,198.4 During the first quarter of 2023, the Company reviewed goodwill for impairment for its reporting units due to the change in reporting segments that went into effect January 1, 2023. The Company utilizes both an income approach and a market approach in testing goodwill for impairment. The Company utilized updated forecasts for the income approach as part of the goodwill impairment review. Based on the earnings and cash flow forecasts for the Belts and Chain reporting unit within the Industrial Motion segment, the Company determined that the reporting unit could not support the carrying value of its goodwill. As a result, the Company recorded a pretax impairment loss of $28.3 million during the first quarter of 2023, which was reported in impairment and restructuring charges on the Consolidated Statement of Income. The following table displays intangible assets as of June 30, 2023 and December 31, 2022: Balance at June 30, 2023 Balance at December 31, 2022 Gross Accumulated Net Gross Accumulated Net Intangible assets Customer relationships $ 655.8 $ (201.3) $ 454.5 $ 561.5 $ (183.2) $ 378.3 Technology and know-how 301.2 (90.1) 211.1 273.1 (80.4) 192.7 Trade names 50.6 (9.8) 40.8 18.4 (8.7) 9.7 Capitalized software 290.0 (267.0) 23.0 288.4 (266.3) 22.1 Other 7.6 (5.4) 2.2 3.3 (2.3) 1.0 $ 1,305.2 $ (573.6) $ 731.6 $ 1,144.7 $ (540.9) $ 603.8 Intangible assets not subject to amortization: Trade names $ 135.8 $ 135.8 $ 152.8 $ 152.8 FAA air agency certificates 8.7 8.7 8.7 8.7 $ 144.5 $ 144.5 $ 161.5 $ 161.5 Total intangible assets $ 1,449.7 $ (573.6) $ 876.1 $ 1,306.2 $ (540.9) $ 765.3

Other Current Liabilities

Other Current Liabilities	6 Months Ended
Other Current Liabilities	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Note 10 - Other Current Liabilities The following table displays other current liabilities as of June 30, 2023 and December 31, 2022: (Dollars in millions) June 30, December 31, Sales rebates $ 72.0 $ 82.9 Deferred revenue 55.4 54.3 Product warranty 27.1 23.5 Operating lease liabilities 24.7 24.1 Current derivative liability 30.2 19.8 Taxes other than income and payroll taxes 24.2 18.7 Freight and duties 16.1 21.7 Interest 15.3 15.0 Professional fees 17.3 17.4 Restructuring 4.1 3.1 Other 77.6 72.4 Total other current liabilities $ 364.0 $ 352.9

Financing Arrangements

Financing Arrangements	6 Months Ended
Financing Arrangements	Jun. 30, 2023
Debt Disclosure [Abstract]
Financing Arrangements	Note 11 - Financing Arrangements Short-term debt at June 30, 2023 and December 31, 2022 was as follows: June 30, December 31, Borrowings under lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 4.00% to 10.07% at June 30, 2023 and 2.38% to 5.50% at December 31, 2022 $ 49.8 $ 46.3 Short-term debt $ 49.8 $ 46.3 Lines of credit for certain of the Company's foreign subsidiaries provide for short-term borrowings up to $246.1 million in the aggregate. Most of these lines of credit are uncommitted. At June 30, 2023, the Company’s foreign subsidiaries had borrowings outstanding of $49.8 million and bank guarantees of $2.7 million, which reduced the aggregate availability under these facilities to $193.6 million. Long-term debt at June 30, 2023 and December 31, 2022 was as follows: June 30, December 31, Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 6.27% and Euro of 4.07% at June 30, 2023 and U.S. Dollar of 5.10% and Euro of 2.21% at December 31, 2022 $ 133.2 $ 8.5 Variable-rate Accounts Receivable Facility with an interest rate of 5.98% at June 30, 2023 and 5.01% at December 31, 2022 85.0 85.0 Variable-rate Term Loan (1) , maturing on December 5, 2027, with an interest rate of 6.33% at June 30, 2023 and 5.55% at December 31, 2022 399.2 399.1 Fixed-rate Senior Unsecured Notes (1) , maturing on September 1, 2024, with an interest rate of 3.875% 349.9 349.8 Fixed-rate Euro Senior Unsecured Notes (1) , maturing on September 7, 2027, with an interest rate of 2.02% 163.5 160.4 Fixed-rate Senior Unsecured Notes (1) , maturing on December 15, 2028, with an interest rate of 4.50% 397.4 397.2 Fixed-rate Medium-Term Notes, Series A (1) , maturing at various dates through May 2028, with interest rates ranging from 6.74% to 7.76% 154.8 154.8 Fixed-rate Senior Unsecured Notes (1) , maturing on April 1, 2032, with an interest rate of 4.125% 342.9 342.1 Fixed-rate Euro Bank Loan, maturing on June 30, 2033, with an interest rate of 2.15% 13.2 13.6 Other 10.8 6.4 Total debt $ 2,049.9 $ 1,916.9 Less: current maturities 3.4 2.7 Long-term debt $ 2,046.5 $ 1,914.2 (1) Net of discounts and fees Note 11 - Financing Arrangements (continued) The Company has a $100 million Amended and Restated Asset Securitization Agreement (the "Accounts Receivable Facility"), which matures on November 30, 2024. Under the terms of the Accounts Receivable Facility, the Company sells, on an ongoing basis, certain domestic trade receivables to Timken Receivables Corporation, a wholly-owned consolidated subsidiary that, in turn, uses the trade receivables to secure borrowings that are funded through a vehicle that issues commercial paper in the short-term market. Borrowings under the Accounts Receivable Facility may be limited to certain borrowing base limitations; however, availability under the Accounts Receivable Facility was not reduced by any such borrowing base limitations at June 30, 2023. As of June 30, 2023, there were $85.0 million in outstanding borrowings under the Accounts Receivable Facility, which reduced the availability under this facility to $15.0 million. The cost of this facility, which is the prevailing commercial paper rate plus facility fees, is considered a financing cost and is included in interest expense in the Consolidated Statements of Income. On December 5, 2022, the Company entered into the Fifth Amended and Restated Credit Agreement ("Credit Agreement"), which is comprised of the $750.0 million unsecured revolving credit facility ("Senior Credit Facility") and a $400.0 million unsecured term loan facility ("2027 Term Loan") that each mature on December 5, 2027. The Credit Agreement amended and restated the Company's previous revolving credit agreement that was set to mature on June 25, 2024, and replaced the $350.0 million term loan that was set to mature on September 11, 2023 ("2023 Term Loan"). The Credit Agreement also replaced interest rates based on LIBOR with interest rates based on Secured Overnight Financing Rate ("SOFR"). At June 30, 2023, the Company had $133.2 million of outstanding borrowings and $1.8 million of letters of credit under the Senior Credit Facility, which reduced the availability under this facility to $615.0 million. The Credit Agreement has two financial covenants: a consolidated leverage ratio and a consolidated interest coverage ratio. On March 28, 2022, the Company issued fixed-rate unsecured senior notes ("2032 Notes") in the aggregate principal amount of $350 million with an interest rate of 4.125%, maturing on April 1, 2032. Proceeds from the 2032 Notes were used for general corporate purposes, which included the repayment of borrowings under the Company's previous senior credit facility and the Accounts Receivable Facility outstanding at the time of issuance. At June 30, 2023, the Company was in full compliance with all applicable covenants on its outstanding debt. In the ordinary course of business, the Company utilizes standby letters of credit issued by financial institutions to guarantee certain obligations, most of which relate to insurance contracts. At June 30, 2023, outstanding letters of credit totaled $59.1 million, most with expiration dates within 12 months. The maturities of long-term debt (including $4.9 million of finance leases) subsequent to June 30, 2023 are as follows: Year 2023 $ 3.0 2024 444.0 2025 28.9 2026 52.7 2027 654.5 2028 522.0 Thereafter 356.9 The table above excludes $12.0 million of unamortized premiums and fees that are netted against long-term debt at June 30, 2023.

Supply Chain Financing

Supply Chain Financing	6 Months Ended
Supply Chain Financing	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Supply Chain Financing	Note 12 - Supply Chain Financing The Company offers a supplier finance program with two different financial institutions where suppliers may receive early payment from the financial institutions on invoices issued to the Company. The Company and each financial institution entered into arrangements providing for the Company to pay the financial institution per the terms of any supplier invoice paid early under the program and to pay an annual fee for the supplier finance platform subscription and related support. The Company and the financial institutions may terminate participation in the program with 90 days’ written notice. The supplier finance programs are unsecured and are not guaranteed by the Company. The financial institutions enter into separate arrangements with suppliers directly to participate in the program. The Company does not determine the terms or conditions of such arrangements or participate in the transactions between the suppliers and the financial institutions. The supplier invoice terms under the program typically require payment in full within 90 days of the invoice date. The following table is a rollforward of the outstanding obligations for the Company’s supplier finance program for the six months ended June 30, 2023: June 30, Confirmed obligations outstanding, January 1 $ 14.4 Invoices confirmed 45.4 Confirmed invoices paid (41.3) Confirmed obligations outstanding, ending balance $ 18.5 The obligations outstanding at June 30, 2023 were included in accounts payable, trade on the Consolidated Balance Sheet.

Contingencies

Contingencies	6 Months Ended
Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Note 13 - Contingencies The Company is responsible for environmental remediation at various manufacturing facilities presently or formerly operated by the Company. In addition, the Company, through one of its subsidiaries, has currently been identified as a potentially responsible party for investigation and remediation under the Comprehensive Environmental Response, Compensation and Liability Act, known as the Superfund, or similar state laws with respect to one site. Claims for investigation and remediation have been asserted against numerous other unrelated entities, which are believed to be financially solvent and are expected to fulfill their proportionate share of the obligation. On December 28, 2004, the United States Environmental Protection Agency (“USEPA”) sent Lovejoy, LLC. ("Lovejoy") a Special Notice Letter that identified Lovejoy as a potentially responsible party, together with at least 14 unrelated parties, at the Ellsworth Industrial Park Site, Downers Grove, DuPage County, Illinois (the “Site”). The Company acquired Lovejoy in 2016. Lovejoy’s Downers Grove property is situated within the Ellsworth Industrial Complex. The USEPA and the Illinois Environmental Protection Agency (“IEPA”) allege there have been one or more releases or threatened releases of hazardous substances, allegedly including, but not limited to, a release or threatened release on or from Lovejoy's property, at the Site. The relief sought by the USEPA and IEPA includes further investigation and potential remediation of the Site and reimbursement of response costs. Lovejoy’s allocated share of past and future costs related to the Site, including for investigation and/or remediation, could be significant. All previously pending property damage and personal injury lawsuits against Lovejoy related to the Site were settled or dismissed prior to our acquisition of Lovejoy. The Company had total environmental accruals of $4.7 million and $4.8 million for various known environmental matters that are probable and reasonably estimable at June 30, 2023 and December 31, 2022, respectively, which includes the Lovejoy matter described above. These accruals were recorded based upon the best estimate of costs to be incurred in light of the progress made in determining the magnitude of remediation costs, the timing and extent of remedial actions required by governmental authorities and the amount of the Company’s liability in proportion to other responsible parties. Product Warranties: In addition to the contingencies above, the Company provides limited warranties on certain of its products. The product warranty liability included in "Other current liabilities" on the Consolidated Balance Sheets was $27.1 million and $23.5 million at June 30, 2023 and December 31, 2022, respectively. The balances at the end of each respective period represent the best estimates of costs for future claims for products that are still under warranty. The increase in the liability for the first six months of 2023 primarily relates to additional accruals for certain products sold into the automotive and renewable energy sectors. Accrual estimates are based on actual claims and expected trends that continue to mature. Management believes that any significant change to these assumptions will not have a material effect on the Company's consolidated financial position; however, the effect of any such change may be material to the results of operations of any particular period in which such change occurs. The following is a rollforward of the consolidated product warranty accrual for the six months ended June 30, 2023 and twelve months ended December 31, 2022: June 30, December 31, Beginning balance, January 1 $ 23.5 $ 11.7 Expense 5.0 14.7 Payments (1.4) (2.9) Ending balance $ 27.1 $ 23.5

Equity

Equity	6 Months Ended
Equity	Jun. 30, 2023
Equity [Abstract]
Equity	Note 14 - Equity The following tables present the changes in the components of equity for the three and six months ended June 30, 2023 and 2022, respectively: The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at March 31, 2023 $ 2,436.3 $ 40.7 $ 853.3 $ 2,030.8 $ (156.8) $ (420.0) $ 88.3 Net income 129.5 125.2 4.3 Foreign currency translation adjustment (27.9) (27.6) (0.3) Pension and other postretirement liability adjustments (net of income tax benefit of $0.5 million) (1.6) (1.6) Change in fair value of derivative financial (0.3) (0.3) Dividends declared to noncontrolling interest — Dividends - $0.33 per share (23.8) (23.8) Sale of shares of Timken India Limited 229.0 194.5 8.1 26.4 Stock-based compensation expense 6.1 6.1 Stock purchased at fair market value (100.5) (100.5) Stock option exercise activity 4.5 4.5 Payments related to tax withholding for (1.3) (1.3) Balance at June 30, 2023 $ 2,650.0 $ 40.7 $ 1,058.4 $ 2,132.2 $ (178.2) $ (521.8) $ 118.7 The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at December 31, 2022 $ 2,352.9 $ 40.7 $ 829.6 $ 1,932.1 $ (181.9) $ (352.2) $ 84.6 Net income 255.2 247.5 7.7 Foreign currency translation adjustment (0.2) (0.2) Pension and other postretirement liability adjustments (net of income tax benefit of $1.0 million) (3.1) (3.1) Change in fair value of derivative financial (1.1) (1.1) Dividends - $0.64 per share (47.4) (47.4) Sale of shares of Timken India Limited 229.0 194.5 8.1 26.4 Stock-based compensation expense 17.1 17.1 Stock purchased at fair market value (154.5) (154.5) Stock option exercise activity 17.2 17.2 Payments related to tax withholding for (15.1) (15.1) Balance at June 30, 2023 $ 2,650.0 $ 40.7 $ 1,058.4 $ 2,132.2 $ (178.2) $ (521.8) $ 118.7 On June 20, 2023, the Company completed the sale of 7.6 million shares of Timken India Limited (“TIL”), a subsidiary of the Company, generating net proceeds of $229 million after estimated income taxes of $55 million and transaction costs. The sale reduced the Company’s ownership in TIL from 67.8 percent to 57.7 percent. Note 14 - Equity (continued) The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at March 31, 2022 $ 2,355.0 $ 40.7 $ 795.4 $ 1,711.1 $ (42.5) $ (233.6) $ 83.9 Net income 105.6 105.0 0.6 Foreign currency translation adjustment (113.1) (114.2) 1.1 Pension and other postretirement liability adjustments (net of income tax benefit of $0.5 million) (1.4) (1.4) Change in fair value of derivative financial 2.2 2.2 Dividends - $0.31 per share (22.9) (22.9) Stock-based compensation expense 8.5 8.5 Stock purchased at fair market value (44.3) (44.3) Stock option exercise activity 0.2 0.2 Payments related to tax withholding for (0.6) (0.6) Balance at June 30, 2022 $ 2,289.2 $ 40.7 $ 804.1 $ 1,793.2 $ (155.9) $ (278.5) $ 85.6 The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at December 31, 2021 $ 2,377.7 $ 40.7 $ 786.9 $ 1,616.4 $ (23.0) $ (126.1) $ 82.8 Net income 227.5 223.2 4.3 Foreign currency translation adjustment (135.7) (134.2) (1.5) Pension and other postretirement liability adjustments (net of income tax benefit of $1.0 million) (2.9) (2.9) Change in fair value of derivative financial 4.2 4.2 Dividends - $0.61 per share (46.4) (46.4) Stock-based compensation expense 15.6 15.6 Stock purchased at fair market value (144.3) (144.3) Stock option exercise activity 1.6 1.6 Payments related to tax withholding for (8.1) (8.1) Balance at June 30, 2022 $ 2,289.2 $ 40.7 $ 804.1 $ 1,793.2 $ (155.9) $ (278.5) $ 85.6

Impairment and Restructuring Ch

Impairment and Restructuring Charges	6 Months Ended
Impairment and Restructuring Charges	Jun. 30, 2023
Restructuring Charges [Abstract]
Impairment and Restructuring Charges	Note 15 - Impairment and Restructuring Charges Impairment and restructuring charges by segment are comprised of the following: For the three months ended June 30, 2023: Engineered Bearings Industrial Motion Total Severance and related benefit costs $ 1.5 $ 0.8 $ 2.3 Exit costs 0.2 — 0.2 Total $ 1.7 $ 0.8 $ 2.5 For the six months ended June 30, 2023: Engineered Bearings Industrial Motion Total Impairment charges $ — $ 28.3 $ 28.3 Severance and related benefit costs 2.2 0.7 2.9 Exit costs 0.2 — 0.2 Total $ 2.4 $ 29.0 $ 31.4 For the three months ended June 30, 2022: Engineered Bearings Industrial Motion Total Impairment charges $ 8.8 $ — $ 8.8 Severance and related benefit costs 0.6 0.4 1.0 Exit costs 0.2 — 0.2 Total $ 9.6 $ 0.4 $ 10.0 For the six months ended June 30, 2022: Engineered Bearings Industrial Motion Total Impairment charges $ 8.8 $ — $ 8.8 Severance and related benefit costs 1.0 0.3 1.3 Exit costs 0.8 0.1 0.9 Total $ 10.6 $ 0.4 $ 11.0 The following discussion explains the impairment and restructuring charges recorded for the periods presented; however, it is not intended to reflect a comprehensive discussion of all amounts in the tables above. Engineered Bearings: On January 16, 2023, the Company announced the closure of its bearing plant in Gaffney, South Carolina. The Company expects to transfer its remaining operations to other bearing manufacturing facilities in North America. The closure of this facility is expected to occur by the end of the fourth quarter of 2023 and is expected to affect approximately 225 employees. The Company expects to incur approximately $10 million to $12 million of pretax costs in total related to this closure. During the three months and six months ended June 30, 2023, the Company recorded severance and related benefits of $0.9 million and $1.7 million, respectively, related to this closure. The Company incurred cumulative pretax costs related to this closure of $6.1 million as of June 30, 2023, including rationalization costs recorded in cost of products sold. Note 15 - Impairment and Restructuring Charges (continued) During the three months ended June 30, 2022, the Company recorded impairment charges of $8.8 million related to certain assets of its joint venture in Russia. As a result of Russia's invasion of Ukraine (and associated sanctions), the Company suspended its operations in Russia. Refer to Russia Operations in Management's Discussion and Analysis for additional information. On July 19, 2021, the Company announced the closure of its bearing manufacturing facility in Villa Carcina, Italy. The Company transferred the manufacturing of its single-row tapered roller bearing production to other bearing facilities in Europe, Asia and the United States. The Company completed the closure of the facility on October 31, 2022, and it affected approximately 110 employees. During the three months ended June 30, 2022, the Company recorded severance and related benefits of $0.4 million and exit costs of $0.4 million related to this closure. During the six months ended June 30, 2022, the Company recorded severance and related benefits of $0.8 million and exit costs of $1.0 million related to this closure. The Company incurred cumulative pretax costs related to this closure of $9.8 million as of June 30, 2023, including rationalization costs recorded in cost of products sold. On November 1, 2022, the Company completed the sale of this facility. Industrial Motion: During the third quarter of 2022, the Company announced certain organizational changes, which included the appointment of executive leaders for its Engineered Bearings and Industrial Motion product groups. After evaluating the impact from the organizational changes and revising segment results through the balance of 2022, the Company concluded that it will operate under two new reportable segments, Engineered Bearings and Industrial Motion, effective January 1, 2023. In conjunction with this change in segmented results, the Company reallocated its goodwill to new reporting units under these two segments. In addition, the Company was required to review goodwill for impairment under these new reporting units. As a result of this goodwill impairment review, the Company recognized a pretax goodwill impairment loss of $28.3 million during the three months ended March 31, 2023. On February 4, 2020, the Company announced the closure of its chain manufacturing facility in Indianapolis, Indiana. This facility was part of the Diamond Chain Company ("Diamond Chain") acquisition completed on April 1, 2019. The Company transferred the majority of its Diamond Chain product line to its chain manufacturing facility in Fulton, Illinois. The chain plant ceased operations on April 30, 2023 and affected approximately 240 employees at the Indianapolis facility. The Company hired approximately 130 full-time positions in Fulton, Illinois related to this closure. The Company incurred cumulative pretax costs related to this closure of $14.8 million as of June 30, 2023, including rationalization costs recorded in cost of products sold. Consolidated Restructuring Accrual: The following is a rollforward of the consolidated restructuring accrual for the six months ended June 30, 2023 and twelve months ended December 31, 2022: June 30, December 31, Beginning balance, January 1 $ 3.1 $ 7.0 Expense 3.1 5.8 Payments (2.1) (9.7) Ending balance $ 4.1 $ 3.1 The restructuring accrual at June 30, 2023 and December 31, 2022 was included in other current liabilities on the Consolidated Balance Sheets.

Retirement Benefit Plans

Retirement Benefit Plans	6 Months Ended
Retirement Benefit Plans	Jun. 30, 2023
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Retirement Benefit Plans	Note 16 - Retirement Benefit Plans The following table sets forth the net periodic benefit cost for the Company’s defined benefit pension plans. The amounts for the three and six months ended June 30, 2023 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of that period’s proportionate share of the amounts to be recorded for the year ending December 31, 2023. U.S. Plans International Plans Total Three Months Ended Three Months Ended Three Months Ended 2023 2022 2023 2022 2023 2022 Components of net periodic benefit cost (credit): Service cost $ 0.2 $ 1.8 $ 0.5 $ 0.4 $ 0.7 $ 2.2 Interest cost 4.5 4.1 2.9 1.4 7.4 5.5 Expected return on plan assets (2.1) (5.0) (2.8) (2.4) (4.9) (7.4) Amortization of prior service cost 0.1 0.3 — 0.1 0.1 0.4 Recognition of net actuarial (1.0) 11.6 — — (1.0) 11.6 Net periodic benefit cost (credit) $ 1.7 $ 12.8 $ 0.6 $ (0.5) $ 2.3 $ 12.3 U.S. Plans International Plans Total Six Months Ended Six Months Ended Six Months Ended 2023 2022 2023 2022 2023 2022 Components of net periodic benefit cost (credit): Service cost $ 0.4 $ 3.7 $ 0.8 $ 0.8 $ 1.2 $ 4.5 Interest cost 9.0 8.2 5.3 2.9 14.3 11.1 Expected return on plan assets (4.2) (10.2) (5.3) (4.9) (9.5) (15.1) Amortization of prior service cost 0.1 0.6 0.1 0.1 0.2 0.7 Recognition of net actuarial (1.9) 14.2 — — (1.9) 14.2 Net periodic benefit cost (credit) $ 3.4 $ 16.5 $ 0.9 $ (1.1) $ 4.3 $ 15.4 For the three and six months ended June 30, 2023, lump sum payments related to new retirees exceeded annual interest and service costs for one of the Company's U.S. defined benefit pension plans, triggering a remeasurement of assets and obligations for this plan. As a result of this remeasurement, the Company recognized net actuarial ("mark-to-market") gains of $1.0 million and $1.9 million during the three and six months ended June 30, 2023. For the three and six months ended June 30, 2022, the Company expected to make lump sum payments related to new retirees in excess of annual interest and service costs for two of the Company's U.S. defined pension plans. This triggered a remeasurement of assets and obligations for these plans. As a result of these remeasurements, the Company recognized net actuarial ("mark-to-market") losses of $11.6 million and $14.2 million during the three and six months ended June 30, 2022.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
Accumulated Other Comprehensive Income (Loss)	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 18 - Accumulated Other Comprehensive Income (Loss) The following tables present details about components of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2023 and 2022, respectively: Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at March 31, 2023 $ (208.3) $ 49.3 $ 2.2 $ (156.8) Sale of shares of Timken India Limited 8.1 — — 8.1 Other comprehensive loss before (27.9) (0.1) (0.9) (28.9) Amounts reclassified from accumulated other — (2.0) 0.4 (1.6) Income tax benefit — 0.5 0.2 0.7 Net current period other comprehensive loss, (27.9) (1.6) (0.3) (29.8) Noncontrolling interest 0.3 — — 0.3 Net current period other comprehensive loss, (19.5) (1.6) (0.3) (21.4) Balance at June 30, 2023 $ (227.8) $ 47.7 $ 1.9 $ (178.2) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2022 $ (235.7) $ 50.8 $ 3.0 $ (181.9) Sale of shares of Timken India Limited 8.1 — — 8.1 Other comprehensive loss before (0.2) (0.1) (1.7) (2.0) Amounts reclassified from accumulated other — (4.0) 0.1 (3.9) Income tax benefit — 1.0 0.5 1.5 Net current period other comprehensive loss, (0.2) (3.1) (1.1) (4.4) Noncontrolling interest — — — — Net current period other comprehensive income 7.9 (3.1) (1.1) 3.7 Balance at June 30, 2023 $ (227.8) $ 47.7 $ 1.9 $ (178.2) Note 18 - Accumulated Other Comprehensive Income (Loss) (continued) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at March 31, 2022 $ (100.3) $ 55.1 $ 2.7 $ (42.5) Other comprehensive (loss) income before (113.1) 0.2 3.9 (109.0) Amounts reclassified from accumulated other — (2.1) (0.7) (2.8) Income tax benefit (expense) — 0.5 (1.0) (0.5) Net current period other comprehensive (loss) (113.1) (1.4) 2.2 (112.3) Noncontrolling interest (1.1) — — (1.1) Net current period other comprehensive (loss) (114.2) (1.4) 2.2 (113.4) Balance at June 30, 2022 $ (214.5) $ 53.7 $ 4.9 $ (155.9) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2021 $ (80.3) $ 56.6 $ 0.7 $ (23.0) Other comprehensive (loss) income before (135.7) 0.4 7.1 (128.2) Amounts reclassified from accumulated other — (4.3) (1.6) (5.9) Income tax benefit (expense) 1.0 (1.3) (0.3) Net current period other comprehensive (loss) (135.7) (2.9) 4.2 (134.4) Noncontrolling interest 1.5 — — 1.5 Net current period other comprehensive (loss) (134.2) (2.9) 4.2 (132.9) Balance at June 30, 2022 $ (214.5) $ 53.7 $ 4.9 $ (155.9) Other comprehensive (loss) income before reclassifications and income taxes includes the effect of foreign currency.

Fair Value

Fair Value	6 Months Ended
Fair Value	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value	Note 19 - Fair Value Fair value is defined as the price that would be expected to be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The FASB provides accounting rules that classify the inputs used to measure fair value into the following hierarchy: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 – Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3 – Unobservable inputs for the asset or liability. The following tables present the fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022: June 30, 2023 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 304.2 $ 304.2 $ — $ — Cash and cash equivalents measured at net asset value 40.0 Restricted cash 8.0 8.0 — — Short-term investments 38.2 — 38.2 — Interest rate swap contracts 1.0 — 1.0 — Foreign currency forward contracts 1.7 — 1.7 — Total assets $ 393.1 $ 312.2 $ 40.9 $ — Liabilities: Foreign currency forward contracts $ 30.2 $ — $ 30.2 $ — Total liabilities $ 30.2 $ — $ 30.2 $ — December 31, 2022 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 292.1 $ 289.3 $ 2.8 $ — Cash and cash equivalents measured at net asset value 39.5 Restricted cash 9.1 9.1 — — Short-term investments 39.2 — 39.2 — Interest rate swap contracts 3.1 — 3.1 — Foreign currency forward contracts 4.5 — 4.5 — Total assets $ 387.5 $ 298.4 $ 49.6 $ — Liabilities: Foreign currency forward contracts $ 19.8 $ — $ 19.8 $ — Total liabilities $ 19.8 $ — $ 19.8 $ — Cash and cash equivalents are highly liquid investments with maturities of three months or less when purchased and are valued at redempti on value. Short-term investments are investments with maturities between four months and one year, and generally are valued at amortized cost, which approximat es fair value. A portion of the cash and cash equivalents and short-term investments are valued based on net asset value. The Company uses publicly available market interest rates to measure the fair value of its interest rate swap contracts. The Company uses publicly available foreign currency forward and spot rates to measure the fair value of its foreign currency forward contracts. Note 19 - Fair Value (continued) In addition, the Company remeasures certain assets at fair value, using Level 3 inputs, as a result of the occurrence of triggering events such as purchase accounting for acquisitions or goodwill impairment. No other material assets w ere measured at fair value on a nonrecurring basis during the six months ended June 30, 2023 and 2022, respectively. Financial Instruments: The Company’s financial instruments consist primarily of cash and cash equivalents, short-term investments, accounts receivable, trade accounts payable, short-term borrowings and long-term debt. Due to their short-term nature, the carrying value of cash and cash equivalents, short-term investments, accounts receivable, trade accounts payable and short-term borrowings are a reasonable estimate of their fair value. Due to the nature of fair value calculati ons for variable-rate debt, the carrying value of the Company's long-term variable-rate debt is a reasonable estima te of its fair value. The fair value of the Company’s long-term fixed-rate debt, based on Level 2 inputs (quoted market prices), was $1,361.3 million and $1,353.5 million at June 30, 2023 and December 31, 2022, respectively. The carrying value of this debt was $1,421.7 million and $1,417.9 million at June 30, 2023 and December 31, 2022, respectively. The difference between fair value and carrying value primarily reflects the net impact of changes in prevailing interest rates and credit spreads since the fixed-rate debt was issued. The Company does not believe it has significant concentrations of risk associated with the counterparties to its financial instruments.

Derivatives Instruments and Hed

Derivatives Instruments and Hedging Activities	6 Months Ended
Derivatives Instruments and Hedging Activities	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Note 20 - Derivative Instruments and Hedging Activities The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by using derivative instruments are foreign currency exchange rate risk and interest rate risk. Forward contracts on various foreign currencies are entered into in order to manage the foreign currency exchange rate risk associated with certain of the Company's commitments denominated in foreign currencies. From time to time, interest rate swaps are used to manage interest rate risk associated with the Company’s fixed and floating-rate borrowings. The Company designates certain foreign currency forward contracts as cash flow hedges of forecasted revenues and certain interest rate hedges as cash flow hedges of fixed-rate borrowings. On September 8, 2020, the Company entered into a $100 million floating-to-fixed rate swap on the 2023 Term Loan, which hedges the change in the 1-month LIBOR rate between October 30, 2020 and September 11, 2023 to a fixed rate. The Company repaid the LIBOR-based 2023 Term Loan on December 5, 2022 and replaced it with the SOFR-based 2027 Term Loan. The Company amended the interest rate for the swap from LIBOR to SOFR commencing January 2023. The Company’s risk management objective is to hedge the risk of changes in the monthly interest expense attributable to changes in the benchmark interest rate. On September 15, 2020, the Company designated €54.5 million of its €150.0 million fixed-rate senior unsecured notes, maturing on September 7, 2027 (th e "2027 Notes"), as a hedge against its net investment in one of its European subsidiaries. The objective of the hedge transaction is to protect the net investment in the foreign operations against changes in the exchange rate between the U.S. dollar and the Euro. The net impact for the three and six months ended June 30, 2023, respectively, was a loss of $0.4 million and $1.1 million to accumulated comprehensive (loss) income with a corresponding offset to other income (expense), which partially offsets the impact of the foreign currency adjustment on the 2027 Notes. The Company entered into $350 million of floating-to-fixed 10-year Treasury rate locks during the first quarter of 2022, prior to issuing the 2032 Notes. This fixed the 10-year Treasury yield and settled at pricing of the 2032 Notes, resulting in $6.5 million of cash proceeds received by the Company. This amount was recorded to accumulated comprehensive income and will be amortized as a reduction in interest expense over the 10-year tenor of the 2032 Notes. The Company does not purchase or hold any derivativ e financial instruments for trading purposes. As of June 30, 2023 and December 31, 2022, the Company had $573.1 million and $635.6 million, respectively, of outstanding foreign currency forward contracts at notional value. Refer to Note 19 - Fair Value for the fair value disclosure of derivative financial instruments. Note 20 - Derivative Instruments and Hedging Activities (continued) Cash Flow Hedging Strategy: For certain derivative instruments that are designated and qualify as cash flow hedges ( i.e ., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same line item associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings. To protect against a reduction in the value of forecasted foreign currency cash flows resulting from export sales, the Company has instituted a foreign currency cash flow hedging program. The Company hedges portions of its forecasted cash flows denominated in certain foreign currencies with forward contracts. When the dollar strengthens significantly against these foreign currencies, the decline in the present value of future foreign currency revenue is offset by gains in the fair value of the forward contracts designated as hedges. Co nverse ly, when the dollar weakens, the increase in the present value of future foreign currency cash flows is offset by losses in the fair value of the forward contracts. As of June 30, 2023 and December 31, 2022, the Company had $74.8 million and $82.3 million, respectively, of outstanding foreign currency forward contracts at notional value that were classified as cash flow hedges. The maximum length of time over which the Company hedges its exposure to the variability in future cash flows for forecast transactions is generally eighteen months or less. Purpose for Derivative Instruments not designated as Hedging Instruments: For derivative instruments that are not designated as hedging instruments, the instruments are typically forward contracts. In general, the practice is to reduce volatility by selectively hedging transaction exposures including intercompany loans, accounts payable and accounts receivable. Intercompany loans between entities with different functional currencies typically are hedged with a forward contract at the inception of the loan with a maturity date corresponding to the maturity of the loan. The revaluation of these contracts, as well as the revaluation of the underlying balance sheet items, is recorded directly to the income statement so the adjustment generally offsets the revaluation of the underlying balance sheet items to protect cash payments and reduce income statement volatility. As of June 30, 2023 and December 31, 2022, the Company had $498.3 million and $553.3 million, respectively, of outstanding foreign currency forward contracts at notional value that were not d esignated as hedging instruments. The following table presents the impact of derivative instruments not designated as hedging instruments for the three and six months ended June 30, 2023 and 2022, respectively, and the related location within the Consolidated Statements of Income: Amount of gain or (loss) recognized in income Three Months Ended Six Months Ended Derivatives not designated as hedging instruments: Location of gain or (loss) recognized in income 2023 2022 2023 2022 Foreign currency forward contracts Other expense, net $ (13.9) $ (6.0) $ (16.5) $ (7.0)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 125.2	$ 105	$ 247.5	$ 223.2

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Jun. 30, 2023
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements: New Accounting Guidance Adopted: In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50)." ASU 2022-04 is intended to establish disclosures that enhance the transparency of a supplier finance program used by an entity in connection with the purchase of goods and services. Supplier finance programs, which also may be referred to as reverse factoring, payables finance or structured payables arrangements, allow a buyer to offer its suppliers the option for access to payment in advance of an invoice due date, which is paid by a third-party finance provider or intermediary. Under the guidance, a buyer in a supplier finance program would disclose qualitative and quantitative information about its supplier finance programs. The new guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted. Refer to Note 12 - Supply Chain Financing in the Notes to the Consolidated Financial Statements for additional information.

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	6 Months Ended
Acquisitions and Divestitures (Tables)	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table presents the preliminary purchase price allocation at fair value for the 2023 acquisitions as of June 30, 2023. Initial Purchase Assets: Accounts receivable $ 25.0 Inventories 72.6 Other current assets 5.3 Property, plant and equipment 34.1 Goodwill 121.3 Other intangible assets 136.7 Other non-current assets 4.9 Total assets acquired $ 399.9 Liabilities: Accounts payable, trade $ 15.3 Salaries, wages and benefits 4.7 Income taxes payable 4.1 Other current liabilities 6.4 Short-term debt 5.0 Long-term debt 6.0 Deferred income taxes 27.7 Other non-current liabilities 3.8 Total liabilities assumed $ 73.0 Net assets acquired $ 326.9 The following table presents the updated purchase price allocation at fair value, net of cash acquired, for the 2022 acquisitions, as of June 30, 2023: Initial Purchase Price Allocation Adjustments Updated Purchase Price Allocation Assets: Accounts receivable $ 30.6 $ 0.1 $ 30.7 Inventories 52.3 (0.3) 52.0 Other current assets 7.6 — 7.6 Property, plant and equipment 153.6 (4.7) 148.9 Goodwill 106.9 (1.4) 105.5 Other intangible assets 182.6 (0.8) 181.8 Other assets 12.1 3.9 16.0 Total assets acquired $ 545.7 $ (3.2) $ 542.5 Liabilities: Accounts payable, trade $ 16.8 $ (0.5) $ 16.3 Salaries, wages and benefits 11.8 — 11.8 Income taxes payable 3.2 — 3.2 Other current liabilities 7.0 (1.0) 6.0 Accrued pension benefits 3.2 0.3 3.5 Deferred income taxes 30.0 — 30.0 Other non-current liabilities 20.0 0.3 20.3 Total liabilities assumed $ 92.0 $ (0.9) $ 91.1 Net assets acquired $ 453.7 $ (2.3) $ 451.4
Summary of Purchase Price Allocation at Fair Value for Identifiable Intangible Assets Acquired	The following table summarizes the preliminary purchase price allocation at fair value for identifiable intangible assets acquired in 2023. 2023 Weighted- Trade names $ 18.8 15 years Technology and know-how 29.4 15 years Customer relationships 88.4 9 years Capitalized software 0.1 2 years Total intangible assets $ 136.7

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Wise Financial Performance	Effective January 1, 2023, the Company began operating under new reportable segments. The Company’s two reportable segments are Engineered Bearings and Industrial Motion. Segment results for 2022 have been revised to conform to the 2023 presentation of segments. Three Months Ended Six Months Ended 2023 2022 2023 2022 Net sales: Engineered Bearings $ 857.2 $ 798.3 $ 1,757.9 $ 1,570.7 Industrial Motion 415.1 355.4 777.2 707.6 Net sales $ 1,272.3 $ 1,153.7 $ 2,535.1 $ 2,278.3 Segment EBITDA: Engineered Bearings $ 185.5 $ 167.5 $ 390.5 $ 335.8 Industrial Motion 80.9 65.1 129.1 127.5 Total EBITDA, for reportable segments $ 266.4 $ 232.6 $ 519.6 $ 463.3 Unallocated corporate expense (13.2) (13.4) (30.9) (26.3) Corporate pension and other postretirement benefit related income (expense) (1) 1.0 (11.6) 1.9 (14.2) Depreciation and amortization (51.2) (40.7) (96.8) (82.1) Interest expense (28.3) (18.3) (52.4) (32.6) Interest income 1.9 1.0 3.4 1.6 Income before income taxes $ 176.6 $ 149.6 $ 344.8 $ 309.7 (1) Corporate pension and other postretirement benefit related income (expense) represents actuarial gains and (losses) that resulted from the remeasurement of pension and other postretirement plan assets and obligations as a result of changes in assumptions or experience. June 30, December 31, 2022 Assets by Segment: Engineered Bearings $ 3,387.3 $ 3,270.3 Industrial Motion 2,435.7 2,070.1 Corporate (2) 428.3 432.0 $ 6,251.3 $ 5,772.4 (2) Corporate assets include corporate buildings and cash and cash equivalents.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
Revenue (Tables)	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents details deemed most relevant to the users of the financial statements about total revenue for the three and six months ended June 30, 2023 and 2022: Three Months Ended Three Months Ended June 30, 2023 June 30, 2022 Engineered Bearings Industrial Motion Total Engineered Bearings Industrial Motion Total United States $ 317.6 $ 218.8 $ 536.4 $ 302.0 $ 197.7 $ 499.7 Americas excluding the United States 96.0 27.9 123.9 104.6 24.3 128.9 Europe / Middle East / Africa 175.6 136.6 312.2 155.7 104.0 259.7 China 156.5 22.9 179.4 133.3 21.7 155.0 Asia-Pacific excluding China 111.5 8.9 120.4 102.7 7.7 110.4 Net sales $ 857.2 $ 415.1 $ 1,272.3 $ 798.3 $ 355.4 $ 1,153.7 Six Months Ended Six Months Ended June 30, 2023 June 30, 2022 Engineered Bearings Industrial Motion Total Engineered Bearings Industrial Motion Total United States $ 658.5 $ 413.1 $ 1,071.6 $ 591.8 $ 396.5 $ 988.3 Americas excluding the United States 188.2 55.8 244.0 197.0 45.1 242.1 Europe / Middle East / Africa 359.5 250.4 609.9 318.3 206.5 524.8 China 314.9 39.2 354.1 262.6 43.8 306.4 Asia-Pacific excluding China 236.8 18.7 255.5 201.0 15.7 216.7 Net sales $ 1,757.9 $ 777.2 $ 2,535.1 $ 1,570.7 $ 707.6 $ 2,278.3 When reviewing revenue by sales channel, the Company separates net sales to original equipment manufacturers ("OEMs") from sales to distributors and end users. The following table presents the approximate percent of revenue by sales channel for the six months ended June 30, 2023 and 2022: Six Months Ended Six Months Ended Revenue by sales channel June 30, 2023 June 30, 2022 Original equipment manufacturers 60% 60% Distribution/end users 40% 40%
Schedule of Unbilled Receivables and Deferred Revenue	The following table contains a rollforward of unbilled receivables for the six months ended June 30, 2023 and the twelve months ended December 31, 2022: June 30, December 31, Beginning balance, January 1 $ 103.9 $ 104.5 Additional unbilled revenue recognized 207.6 396.2 Less: amounts billed to customers (189.7) (370.5) Less: unbilled receivables reclassified to assets held for sale — (26.3) Ending balance $ 121.8 $ 103.9 The following table contains a rollforward of deferred revenue for the six months ended June 30, 2023 and the twelve months ended December 31, 2022: June 30, December 31, Beginning balance, January 1 $ 54.3 $ 35.8 Revenue (cash) received in advance 105.7 54.8 Less: revenue recognized (104.6) (36.3) Ending balance $ 55.4 $ 54.3

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
Income Taxes (Tables)	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The Company's provision for income taxes in interim periods is computed by applying the estimated annual effective tax rates to income or loss before income taxes for the period. In addition, non-recurring or discrete items are recorded during the period(s) in which they occur. Three Months Ended Six Months Ended 2023 2022 2023 2022 Provision for income taxes $ 47.1 $ 44.0 $ 89.6 $ 82.2 Effective tax rate 26.7 % 29.4 % 26.0 % 26.5 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Reconciliation of the Numerator and the Denominator of Basic Earnings Per Share and Diluted Earnings Per Share	The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share for the three and six months ended June 30, 2023 and 2022, respectively: Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net income attributable to The Timken Company $ 125.2 $ 105.0 $ 247.5 $ 223.2 Denominator: Weighted average number of shares outstanding - basic 71,882,843 73,660,410 72,162,267 74,234,300 Effect of dilutive securities: Stock options and awards - based on the treasury 630,148 522,383 745,537 642,948 Weighted average number of shares outstanding assuming 72,512,991 74,182,793 72,907,804 74,877,248 Basic earnings per share $ 1.74 $ 1.43 $ 3.43 $ 3.01 Diluted earnings per share $ 1.73 $ 1.42 $ 3.39 $ 2.98

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Current Inventories	The components of inventories at June 30, 2023 and December 31, 2022 were as follows: June 30, December 31, Manufacturing supplies $ 42.8 $ 41.7 Raw materials 140.9 132.0 Work in process 502.4 491.2 Finished products 642.8 584.8 Subtotal 1,328.9 1,249.7 Allowance for obsolete and surplus inventory (77.2) (58.4) Total inventories, net $ 1,251.7 $ 1,191.3

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
Goodwill and Other Intangible Assets (Tables)	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the six months ended June 30, 2023 were as follows: Engineered Bearings Industrial Motion Total Beginning balance $ 679.8 $ 418.5 $ 1,098.3 Acquisitions — 121.3 121.3 Impairment loss — (28.3) (28.3) Foreign currency translation adjustments and other changes 2.6 4.5 7.1 Ending balance $ 682.4 $ 516.0 $ 1,198.4
Schedule of Finite-Lived Intangible Assets	The following table displays intangible assets as of June 30, 2023 and December 31, 2022: Balance at June 30, 2023 Balance at December 31, 2022 Gross Accumulated Net Gross Accumulated Net Intangible assets Customer relationships $ 655.8 $ (201.3) $ 454.5 $ 561.5 $ (183.2) $ 378.3 Technology and know-how 301.2 (90.1) 211.1 273.1 (80.4) 192.7 Trade names 50.6 (9.8) 40.8 18.4 (8.7) 9.7 Capitalized software 290.0 (267.0) 23.0 288.4 (266.3) 22.1 Other 7.6 (5.4) 2.2 3.3 (2.3) 1.0 $ 1,305.2 $ (573.6) $ 731.6 $ 1,144.7 $ (540.9) $ 603.8 Intangible assets not subject to amortization: Trade names $ 135.8 $ 135.8 $ 152.8 $ 152.8 FAA air agency certificates 8.7 8.7 8.7 8.7 $ 144.5 $ 144.5 $ 161.5 $ 161.5 Total intangible assets $ 1,449.7 $ (573.6) $ 876.1 $ 1,306.2 $ (540.9) $ 765.3
Schedule of Indefinite-Lived Intangible Assets	The following table displays intangible assets as of June 30, 2023 and December 31, 2022: Balance at June 30, 2023 Balance at December 31, 2022 Gross Accumulated Net Gross Accumulated Net Intangible assets Customer relationships $ 655.8 $ (201.3) $ 454.5 $ 561.5 $ (183.2) $ 378.3 Technology and know-how 301.2 (90.1) 211.1 273.1 (80.4) 192.7 Trade names 50.6 (9.8) 40.8 18.4 (8.7) 9.7 Capitalized software 290.0 (267.0) 23.0 288.4 (266.3) 22.1 Other 7.6 (5.4) 2.2 3.3 (2.3) 1.0 $ 1,305.2 $ (573.6) $ 731.6 $ 1,144.7 $ (540.9) $ 603.8 Intangible assets not subject to amortization: Trade names $ 135.8 $ 135.8 $ 152.8 $ 152.8 FAA air agency certificates 8.7 8.7 8.7 8.7 $ 144.5 $ 144.5 $ 161.5 $ 161.5 Total intangible assets $ 1,449.7 $ (573.6) $ 876.1 $ 1,306.2 $ (540.9) $ 765.3

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	6 Months Ended
Other Current Liabilities (Tables)	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	The following table displays other current liabilities as of June 30, 2023 and December 31, 2022: (Dollars in millions) June 30, December 31, Sales rebates $ 72.0 $ 82.9 Deferred revenue 55.4 54.3 Product warranty 27.1 23.5 Operating lease liabilities 24.7 24.1 Current derivative liability 30.2 19.8 Taxes other than income and payroll taxes 24.2 18.7 Freight and duties 16.1 21.7 Interest 15.3 15.0 Professional fees 17.3 17.4 Restructuring 4.1 3.1 Other 77.6 72.4 Total other current liabilities $ 364.0 $ 352.9

Financing Arrangements (Tables)

Financing Arrangements (Tables)	6 Months Ended
Financing Arrangements (Tables)	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Short-term Debt	Short-term debt at June 30, 2023 and December 31, 2022 was as follows: June 30, December 31, Borrowings under lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 4.00% to 10.07% at June 30, 2023 and 2.38% to 5.50% at December 31, 2022 $ 49.8 $ 46.3 Short-term debt $ 49.8 $ 46.3
Schedule of Long-term Debt	Long-term debt at June 30, 2023 and December 31, 2022 was as follows: June 30, December 31, Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 6.27% and Euro of 4.07% at June 30, 2023 and U.S. Dollar of 5.10% and Euro of 2.21% at December 31, 2022 $ 133.2 $ 8.5 Variable-rate Accounts Receivable Facility with an interest rate of 5.98% at June 30, 2023 and 5.01% at December 31, 2022 85.0 85.0 Variable-rate Term Loan (1) , maturing on December 5, 2027, with an interest rate of 6.33% at June 30, 2023 and 5.55% at December 31, 2022 399.2 399.1 Fixed-rate Senior Unsecured Notes (1) , maturing on September 1, 2024, with an interest rate of 3.875% 349.9 349.8 Fixed-rate Euro Senior Unsecured Notes (1) , maturing on September 7, 2027, with an interest rate of 2.02% 163.5 160.4 Fixed-rate Senior Unsecured Notes (1) , maturing on December 15, 2028, with an interest rate of 4.50% 397.4 397.2 Fixed-rate Medium-Term Notes, Series A (1) , maturing at various dates through May 2028, with interest rates ranging from 6.74% to 7.76% 154.8 154.8 Fixed-rate Senior Unsecured Notes (1) , maturing on April 1, 2032, with an interest rate of 4.125% 342.9 342.1 Fixed-rate Euro Bank Loan, maturing on June 30, 2033, with an interest rate of 2.15% 13.2 13.6 Other 10.8 6.4 Total debt $ 2,049.9 $ 1,916.9 Less: current maturities 3.4 2.7 Long-term debt $ 2,046.5 $ 1,914.2
Schedule of Maturities of Long-term Debt	The maturities of long-term debt (including $4.9 million of finance leases) subsequent to June 30, 2023 are as follows: Year 2023 $ 3.0 2024 444.0 2025 28.9 2026 52.7 2027 654.5 2028 522.0 Thereafter 356.9

Supply Chain Financing (Tables)

Supply Chain Financing (Tables)	6 Months Ended
Supply Chain Financing (Tables)	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Supplier Finance Program Obligations	The following table is a rollforward of the outstanding obligations for the Company’s supplier finance program for the six months ended June 30, 2023: June 30, Confirmed obligations outstanding, January 1 $ 14.4 Invoices confirmed 45.4 Confirmed invoices paid (41.3) Confirmed obligations outstanding, ending balance $ 18.5

Contingencies (Tables)

Contingencies (Tables)	6 Months Ended
Contingencies (Tables)	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranty Liability	The following is a rollforward of the consolidated product warranty accrual for the six months ended June 30, 2023 and twelve months ended December 31, 2022: June 30, December 31, Beginning balance, January 1 $ 23.5 $ 11.7 Expense 5.0 14.7 Payments (1.4) (2.9) Ending balance $ 27.1 $ 23.5

Equity (Tables)

Equity (Tables)	6 Months Ended
Equity (Tables)	Jun. 30, 2023
Equity [Abstract]
Schedule of Stockholders Equity	The following tables present the changes in the components of equity for the three and six months ended June 30, 2023 and 2022, respectively: The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at March 31, 2023 $ 2,436.3 $ 40.7 $ 853.3 $ 2,030.8 $ (156.8) $ (420.0) $ 88.3 Net income 129.5 125.2 4.3 Foreign currency translation adjustment (27.9) (27.6) (0.3) Pension and other postretirement liability adjustments (net of income tax benefit of $0.5 million) (1.6) (1.6) Change in fair value of derivative financial (0.3) (0.3) Dividends declared to noncontrolling interest — Dividends - $0.33 per share (23.8) (23.8) Sale of shares of Timken India Limited 229.0 194.5 8.1 26.4 Stock-based compensation expense 6.1 6.1 Stock purchased at fair market value (100.5) (100.5) Stock option exercise activity 4.5 4.5 Payments related to tax withholding for (1.3) (1.3) Balance at June 30, 2023 $ 2,650.0 $ 40.7 $ 1,058.4 $ 2,132.2 $ (178.2) $ (521.8) $ 118.7 The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at December 31, 2022 $ 2,352.9 $ 40.7 $ 829.6 $ 1,932.1 $ (181.9) $ (352.2) $ 84.6 Net income 255.2 247.5 7.7 Foreign currency translation adjustment (0.2) (0.2) Pension and other postretirement liability adjustments (net of income tax benefit of $1.0 million) (3.1) (3.1) Change in fair value of derivative financial (1.1) (1.1) Dividends - $0.64 per share (47.4) (47.4) Sale of shares of Timken India Limited 229.0 194.5 8.1 26.4 Stock-based compensation expense 17.1 17.1 Stock purchased at fair market value (154.5) (154.5) Stock option exercise activity 17.2 17.2 Payments related to tax withholding for (15.1) (15.1) Balance at June 30, 2023 $ 2,650.0 $ 40.7 $ 1,058.4 $ 2,132.2 $ (178.2) $ (521.8) $ 118.7 The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at March 31, 2022 $ 2,355.0 $ 40.7 $ 795.4 $ 1,711.1 $ (42.5) $ (233.6) $ 83.9 Net income 105.6 105.0 0.6 Foreign currency translation adjustment (113.1) (114.2) 1.1 Pension and other postretirement liability adjustments (net of income tax benefit of $0.5 million) (1.4) (1.4) Change in fair value of derivative financial 2.2 2.2 Dividends - $0.31 per share (22.9) (22.9) Stock-based compensation expense 8.5 8.5 Stock purchased at fair market value (44.3) (44.3) Stock option exercise activity 0.2 0.2 Payments related to tax withholding for (0.6) (0.6) Balance at June 30, 2022 $ 2,289.2 $ 40.7 $ 804.1 $ 1,793.2 $ (155.9) $ (278.5) $ 85.6 The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at December 31, 2021 $ 2,377.7 $ 40.7 $ 786.9 $ 1,616.4 $ (23.0) $ (126.1) $ 82.8 Net income 227.5 223.2 4.3 Foreign currency translation adjustment (135.7) (134.2) (1.5) Pension and other postretirement liability adjustments (net of income tax benefit of $1.0 million) (2.9) (2.9) Change in fair value of derivative financial 4.2 4.2 Dividends - $0.61 per share (46.4) (46.4) Stock-based compensation expense 15.6 15.6 Stock purchased at fair market value (144.3) (144.3) Stock option exercise activity 1.6 1.6 Payments related to tax withholding for (8.1) (8.1) Balance at June 30, 2022 $ 2,289.2 $ 40.7 $ 804.1 $ 1,793.2 $ (155.9) $ (278.5) $ 85.6

Impairment and Restructuring _2

Impairment and Restructuring Charges (Tables)	6 Months Ended
Impairment and Restructuring Charges (Tables)	Jun. 30, 2023
Restructuring Charges [Abstract]
Schedule of Restructuring and Related Costs	Impairment and restructuring charges by segment are comprised of the following: For the three months ended June 30, 2023: Engineered Bearings Industrial Motion Total Severance and related benefit costs $ 1.5 $ 0.8 $ 2.3 Exit costs 0.2 — 0.2 Total $ 1.7 $ 0.8 $ 2.5 For the six months ended June 30, 2023: Engineered Bearings Industrial Motion Total Impairment charges $ — $ 28.3 $ 28.3 Severance and related benefit costs 2.2 0.7 2.9 Exit costs 0.2 — 0.2 Total $ 2.4 $ 29.0 $ 31.4 For the three months ended June 30, 2022: Engineered Bearings Industrial Motion Total Impairment charges $ 8.8 $ — $ 8.8 Severance and related benefit costs 0.6 0.4 1.0 Exit costs 0.2 — 0.2 Total $ 9.6 $ 0.4 $ 10.0 For the six months ended June 30, 2022: Engineered Bearings Industrial Motion Total Impairment charges $ 8.8 $ — $ 8.8 Severance and related benefit costs 1.0 0.3 1.3 Exit costs 0.8 0.1 0.9 Total $ 10.6 $ 0.4 $ 11.0 The following is a rollforward of the consolidated restructuring accrual for the six months ended June 30, 2023 and twelve months ended December 31, 2022: June 30, December 31, Beginning balance, January 1 $ 3.1 $ 7.0 Expense 3.1 5.8 Payments (2.1) (9.7) Ending balance $ 4.1 $ 3.1

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	6 Months Ended
Retirement Benefit Plans (Tables)	Jun. 30, 2023
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Schedule of Defined Benefit Plans Disclosures	The following table sets forth the net periodic benefit cost for the Company’s defined benefit pension plans. The amounts for the three and six months ended June 30, 2023 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of that period’s proportionate share of the amounts to be recorded for the year ending December 31, 2023. U.S. Plans International Plans Total Three Months Ended Three Months Ended Three Months Ended 2023 2022 2023 2022 2023 2022 Components of net periodic benefit cost (credit): Service cost $ 0.2 $ 1.8 $ 0.5 $ 0.4 $ 0.7 $ 2.2 Interest cost 4.5 4.1 2.9 1.4 7.4 5.5 Expected return on plan assets (2.1) (5.0) (2.8) (2.4) (4.9) (7.4) Amortization of prior service cost 0.1 0.3 — 0.1 0.1 0.4 Recognition of net actuarial (1.0) 11.6 — — (1.0) 11.6 Net periodic benefit cost (credit) $ 1.7 $ 12.8 $ 0.6 $ (0.5) $ 2.3 $ 12.3 U.S. Plans International Plans Total Six Months Ended Six Months Ended Six Months Ended 2023 2022 2023 2022 2023 2022 Components of net periodic benefit cost (credit): Service cost $ 0.4 $ 3.7 $ 0.8 $ 0.8 $ 1.2 $ 4.5 Interest cost 9.0 8.2 5.3 2.9 14.3 11.1 Expected return on plan assets (4.2) (10.2) (5.3) (4.9) (9.5) (15.1) Amortization of prior service cost 0.1 0.6 0.1 0.1 0.2 0.7 Recognition of net actuarial (1.9) 14.2 — — (1.9) 14.2 Net periodic benefit cost (credit) $ 3.4 $ 16.5 $ 0.9 $ (1.1) $ 4.3 $ 15.4

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Components of Accumulated Other Comprehensive (Loss) Income	The following tables present details about components of accumulated other comprehensive (loss) income for the three and six months ended June 30, 2023 and 2022, respectively: Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at March 31, 2023 $ (208.3) $ 49.3 $ 2.2 $ (156.8) Sale of shares of Timken India Limited 8.1 — — 8.1 Other comprehensive loss before (27.9) (0.1) (0.9) (28.9) Amounts reclassified from accumulated other — (2.0) 0.4 (1.6) Income tax benefit — 0.5 0.2 0.7 Net current period other comprehensive loss, (27.9) (1.6) (0.3) (29.8) Noncontrolling interest 0.3 — — 0.3 Net current period other comprehensive loss, (19.5) (1.6) (0.3) (21.4) Balance at June 30, 2023 $ (227.8) $ 47.7 $ 1.9 $ (178.2) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2022 $ (235.7) $ 50.8 $ 3.0 $ (181.9) Sale of shares of Timken India Limited 8.1 — — 8.1 Other comprehensive loss before (0.2) (0.1) (1.7) (2.0) Amounts reclassified from accumulated other — (4.0) 0.1 (3.9) Income tax benefit — 1.0 0.5 1.5 Net current period other comprehensive loss, (0.2) (3.1) (1.1) (4.4) Noncontrolling interest — — — — Net current period other comprehensive income 7.9 (3.1) (1.1) 3.7 Balance at June 30, 2023 $ (227.8) $ 47.7 $ 1.9 $ (178.2) Note 18 - Accumulated Other Comprehensive Income (Loss) (continued) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at March 31, 2022 $ (100.3) $ 55.1 $ 2.7 $ (42.5) Other comprehensive (loss) income before (113.1) 0.2 3.9 (109.0) Amounts reclassified from accumulated other — (2.1) (0.7) (2.8) Income tax benefit (expense) — 0.5 (1.0) (0.5) Net current period other comprehensive (loss) (113.1) (1.4) 2.2 (112.3) Noncontrolling interest (1.1) — — (1.1) Net current period other comprehensive (loss) (114.2) (1.4) 2.2 (113.4) Balance at June 30, 2022 $ (214.5) $ 53.7 $ 4.9 $ (155.9) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2021 $ (80.3) $ 56.6 $ 0.7 $ (23.0) Other comprehensive (loss) income before (135.7) 0.4 7.1 (128.2) Amounts reclassified from accumulated other — (4.3) (1.6) (5.9) Income tax benefit (expense) 1.0 (1.3) (0.3) Net current period other comprehensive (loss) (135.7) (2.9) 4.2 (134.4) Noncontrolling interest 1.5 — — 1.5 Net current period other comprehensive (loss) (134.2) (2.9) 4.2 (132.9) Balance at June 30, 2022 $ (214.5) $ 53.7 $ 4.9 $ (155.9)

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
Fair Value (Tables)	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present the fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022: June 30, 2023 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 304.2 $ 304.2 $ — $ — Cash and cash equivalents measured at net asset value 40.0 Restricted cash 8.0 8.0 — — Short-term investments 38.2 — 38.2 — Interest rate swap contracts 1.0 — 1.0 — Foreign currency forward contracts 1.7 — 1.7 — Total assets $ 393.1 $ 312.2 $ 40.9 $ — Liabilities: Foreign currency forward contracts $ 30.2 $ — $ 30.2 $ — Total liabilities $ 30.2 $ — $ 30.2 $ — December 31, 2022 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 292.1 $ 289.3 $ 2.8 $ — Cash and cash equivalents measured at net asset value 39.5 Restricted cash 9.1 9.1 — — Short-term investments 39.2 — 39.2 — Interest rate swap contracts 3.1 — 3.1 — Foreign currency forward contracts 4.5 — 4.5 — Total assets $ 387.5 $ 298.4 $ 49.6 $ — Liabilities: Foreign currency forward contracts $ 19.8 $ — $ 19.8 $ — Total liabilities $ 19.8 $ — $ 19.8 $ —

Derivatives Instruments and H_2

Derivatives Instruments and Hedging Activities (Tables)	6 Months Ended
Derivatives Instruments and Hedging Activities (Tables)	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Not Designated as Hedging Instruments	The following table presents the impact of derivative instruments not designated as hedging instruments for the three and six months ended June 30, 2023 and 2022, respectively, and the related location within the Consolidated Statements of Income: Amount of gain or (loss) recognized in income Three Months Ended Six Months Ended Derivatives not designated as hedging instruments: Location of gain or (loss) recognized in income 2023 2022 2023 2022 Foreign currency forward contracts Other expense, net $ (13.9) $ (6.0) $ (16.5) $ (7.0)

Acquisitions and Divestitures -

Acquisitions and Divestitures - Acquisitions Narrative (Details) € in Millions, $ in Millions				6 Months Ended		12 Months Ended
	Jan. 31, 2023 USD ($)	Nov. 04, 2022 USD ($)	May 31, 2022 USD ($)	Jun. 30, 2023 USD ($) employee acquisition	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) employee	Dec. 31, 2022 EUR (€) employee
Business Acquisition [Line Items]
Number of acquisitions completed \| acquisition				2
Acquisitions, net of cash acquired				$ 324.6	$ 152.3
2023 Acquisitions
Business Acquisition [Line Items]
Acquisition related costs	$ 2.7
Nadella
Business Acquisition [Line Items]
Revenue reported by acquired entity \| €							€ 100
ARB
Business Acquisition [Line Items]
Revenue reported by acquired entity						$ 35
Acquisitions, net of cash acquired	326.9
Cash acquired from acquisition	$ 21
GGB
Business Acquisition [Line Items]
Revenue reported by acquired entity						200
Cash acquired from acquisition		$ 19.7
Payments to acquire business		$ 300.2
Spinea
Business Acquisition [Line Items]
Revenue reported by acquired entity						$ 40
Acquisitions, net of cash acquired			$ 151.2
Cash acquired from acquisition			$ 0.2
Nadella
Business Acquisition [Line Items]
Number of employees \| employee						450	450
GGB
Business Acquisition [Line Items]
Number of employees \| employee				900

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Summary of ARB Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ 1,198.4	$ 1,098.3
2023 Acquisitions
Business Acquisition [Line Items]
Accounts receivable	25
Inventories	72.6
Other current assets	5.3
Property, plant and equipment	34.1
Goodwill	121.3
Other intangible assets	136.7
Other non-current assets	4.9
Total assets acquired	399.9
Accounts payable, trade	15.3
Salaries, wages and benefits	4.7
Income taxes payable	4.1
Other current liabilities	6.4
Short-term debt	5
Long-term debt	6
Deferred income taxes	27.7
Other non-current liabilities	3.8
Total liabilities assumed	73
Net assets acquired	$ 326.9

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Purchase Price Allocation (Details) - 2023 Acquisitions $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Finite-lived intangible assets acquired	$ 136.7
Trade names
Restructuring Cost and Reserve [Line Items]
Finite-lived intangible assets acquired	$ 18.8
Weighted average useful life (in years)	15 years
Technology and know-how
Restructuring Cost and Reserve [Line Items]
Finite-lived intangible assets acquired	$ 29.4
Weighted average useful life (in years)	15 years
Customer relationships
Restructuring Cost and Reserve [Line Items]
Finite-lived intangible assets acquired	$ 88.4
Weighted average useful life (in years)	9 years
Capitalized software
Restructuring Cost and Reserve [Line Items]
Finite-lived intangible assets acquired	$ 0.1
Weighted average useful life (in years)	2 years

Acquisitions and Divestitures_4

Acquisitions and Divestitures - Initial Purchase Price Allocation (Details) - USD ($) $ in Millions	13 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	May 31, 2022
Assets:
Goodwill	$ 1,198.4	$ 1,098.3
2022 Acquisitions
Assets:
Accounts receivable	30.7		$ 30.6
Adjustments, accounts receivable	0.1
Inventories	52		52.3
Adjustments, inventories	(0.3)
Other current assets	7.6		7.6
Property, plant and equipment	148.9		153.6
Adjustments, property plant and equipment	(4.7)
Goodwill	105.5		106.9
Adjustments, goodwill	(1.4)
Other intangible assets	181.8		182.6
Adjustments, other intangible assets	(0.8)
Other assets	16		12.1
Adjustments, other assets	3.9
Total assets acquired	542.5		545.7
Adjustments, total assets acquired	(3.2)
Liabilities:
Accounts payable, trade	16.3		16.8
Adjustments, accounts payable trade	(0.5)
Salaries, wages and benefits	11.8		11.8
Income taxes payable	3.2		3.2
Other current liabilities	6		7
Adjustments, other current liabilities	(1)
Accrued pension benefits	3.5		3.2
Adjustments, accrued pension benefits	0.3
Deferred income taxes	30		30
Adjustments, other non-current liabilities	0.3
Other non-current liabilities	20.3		20
Total liabilities assumed	91.1		92
Adjustments, total liabilities assumed	(0.9)
Net assets acquired	451.4		$ 453.7
Adjustments, net assets acquired	$ (2.3)

Acquisitions and Divestitures_5

Acquisitions and Divestitures - Divestitures Narrative (Details) - USD ($) $ in Millions			6 Months Ended
	Feb. 28, 2023	Nov. 01, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestitures, net of cash divested			$ 4.5	$ 3.1
Pretax gain			3.6	$ 0
Disposed of by Sale \| S.E. Setco Services Company, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Joint venture percentage	50%
Proceeds from divestitures, net of cash divested	$ 5.7
Pretax gain	$ 4.8
Disposed of by Sale \| ADS
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestitures, net of cash divested		$ 33
Pretax gain			$ (1.2)

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended		6 Months Ended
Segment Information (Details) $ in Millions	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment			2
Net sales	$ 1,272.3	$ 1,153.7	$ 2,535.1	$ 2,278.3
Total EBITDA, for reportable segments	266.4	232.6	519.6	463.3
Unallocated corporate expense	176.6	149.6	344.8	309.7
Corporate pension and other postretirement benefit related income (expense)	1	(11.6)	1.9	(14.2)
Depreciation and amortization	(51.2)	(40.7)	(96.8)	(82.1)
Interest expense	(28.3)	(18.3)	(52.4)	(32.6)
Interest income	1.9	1	3.4	1.6
Assets by Segment:
Assets	6,251.3		6,251.3		$ 5,772.4
Engineered Bearings
Segment Reporting Information [Line Items]
Net sales	857.2	798.3	1,757.9	1,570.7
Total EBITDA, for reportable segments	185.5	167.5	390.5	335.8
Assets by Segment:
Assets	3,387.3		3,387.3		3,270.3
Industrial Motion
Segment Reporting Information [Line Items]
Net sales	415.1	355.4	777.2	707.6
Total EBITDA, for reportable segments	80.9	65.1	129.1	127.5
Assets by Segment:
Assets	2,435.7		2,435.7		2,070.1
Corporate
Segment Reporting Information [Line Items]
Unallocated corporate expense	(13.2)	$ (13.4)	(30.9)	$ (26.3)
Assets by Segment:
Assets	$ 428.3		$ 428.3		$ 432

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 1,272.3	$ 1,153.7	$ 2,535.1	$ 2,278.3
Revenue Benchmark \| Customer Concentration Risk \| Original equipment manufacturers
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)			60%	60%
Revenue Benchmark \| Customer Concentration Risk \| Distribution/end users
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)			40%	40%
Engineered Bearings
Disaggregation of Revenue [Line Items]
Net sales	857.2	798.3	$ 1,757.9	$ 1,570.7
Industrial Motion
Disaggregation of Revenue [Line Items]
Net sales	415.1	355.4	777.2	707.6
United States
Disaggregation of Revenue [Line Items]
Net sales	536.4	499.7	1,071.6	988.3
United States \| Engineered Bearings
Disaggregation of Revenue [Line Items]
Net sales	317.6	302	658.5	591.8
United States \| Industrial Motion
Disaggregation of Revenue [Line Items]
Net sales	218.8	197.7	413.1	396.5
Americas excluding the United States
Disaggregation of Revenue [Line Items]
Net sales	123.9	128.9	244	242.1
Americas excluding the United States \| Engineered Bearings
Disaggregation of Revenue [Line Items]
Net sales	96	104.6	188.2	197
Americas excluding the United States \| Industrial Motion
Disaggregation of Revenue [Line Items]
Net sales	27.9	24.3	55.8	45.1
Europe / Middle East / Africa
Disaggregation of Revenue [Line Items]
Net sales	312.2	259.7	609.9	524.8
Europe / Middle East / Africa \| Engineered Bearings
Disaggregation of Revenue [Line Items]
Net sales	175.6	155.7	359.5	318.3
Europe / Middle East / Africa \| Industrial Motion
Disaggregation of Revenue [Line Items]
Net sales	136.6	104	250.4	206.5
China
Disaggregation of Revenue [Line Items]
Net sales	179.4	155	354.1	306.4
China \| Engineered Bearings
Disaggregation of Revenue [Line Items]
Net sales	156.5	133.3	314.9	262.6
China \| Industrial Motion
Disaggregation of Revenue [Line Items]
Net sales	22.9	21.7	39.2	43.8
Asia-Pacific excluding China
Disaggregation of Revenue [Line Items]
Net sales	120.4	110.4	255.5	216.7
Asia-Pacific excluding China \| Engineered Bearings
Disaggregation of Revenue [Line Items]
Net sales	111.5	102.7	236.8	201
Asia-Pacific excluding China \| Industrial Motion
Disaggregation of Revenue [Line Items]
Net sales	$ 8.9	$ 7.7	$ 18.7	$ 15.7

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($)	6 Months Ended
Revenue - Narrative (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Amount of revenue for remaining performance obligations	$ 216,000,000
Impairment losses	$ 0		$ 0
Revenue Benchmark \| Customer Concentration Risk \| U.S. Government
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)	6%	6%
Revenue Benchmark \| Customer Concentration Risk \| Service Revenue
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)	4%	4%
Revenue Benchmark \| Customer Concentration Risk \| Transferred Over Time
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)	8%	9%

Revenue - Schedule of Contract

Revenue - Schedule of Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 103.9	$ 104.5
Additional unbilled revenue recognized	207.6	396.2
Less: amounts billed to customers	(189.7)	(370.5)
Less: unbilled receivables reclassified to assets held for sale	0	(26.3)
Ending balance	$ 121.8	$ 103.9

Revenue - Schedule of Deferred

Revenue - Schedule of Deferred Revenue (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Deferred Revenue [Roll Forward]
Beginning balance	$ 54.3	$ 35.8
Revenue (cash) received in advance	105.7	54.8
Less: revenue recognized	(104.6)	(36.3)
Ending balance	$ 55.4	$ 54.3

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 47.1	$ 44	$ 89.6	$ 82.2
Effective tax rate (as a percent)	26.70%	29.40%	26%	26.50%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		6 Months Ended
Income Taxes - Narrative (Details)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Effective tax rate (as a percent)	26.70%	29.40%	26%	26.50%

Earnings Per Share - Denominato

Earnings Per Share - Denominator of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income attributable to The Timken Company	$ 125.2	$ 105	$ 247.5	$ 223.2
Denominator:
Weighted average number of shares outstanding - basic (in shares)	71,882,843	73,660,410	72,162,267	74,234,300
Effect of dilutive securities:
Stock options and awards - based on the treasury stock method (in shares)	630,148	522,383	745,537	642,948
Weighted average number of shares outstanding assuming dilution of stock options and awards (in shares)	72,512,991	74,182,793	72,907,804	74,877,248
Basic earnings per share (in dollars per share)	$ 1.74	$ 1.43	$ 3.43	$ 3.01
Diluted earnings per share (in dollars per share)	$ 1.73	$ 1.42	$ 3.39	$ 2.98

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		6 Months Ended
Earnings Per Share - Narrative (Details) - shares	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Antidilutive stock options outstanding (in shares)	0	0	0	0

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Inventories, net:
Manufacturing supplies	$ 42.8	$ 41.7
Raw materials	140.9	132
Work in process	502.4	491.2
Finished products	642.8	584.8
Subtotal	1,328.9	1,249.7
Allowance for obsolete and surplus inventory	(77.2)	(58.4)
Total inventories, net	$ 1,251.7	$ 1,191.3

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Proportion of inventories valued by FIFO method (as a percent)	61%
Proportion of inventories valued by LIFO method (as a percent)	39%
Inventory, LIFO reserve	$ 236.1	$ 235.4

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2023 USD ($)	Jun. 30, 2023 USD ($) reporting_unit	Jun. 30, 2022 USD ($)
Goodwill [Line Items]
Impairment loss	$ 28.3	$ 28.3
Amortization of intangible assets, excluding assets acquired		33.9	$ 25.3
Future amortization expense 2023		67.3
Future amortization expense 2024		66.6
Future amortization expense 2025		66
Future amortization expense 2026		60.3
Future amortization expense 2027		$ 58.5
Engineered Bearings
Goodwill [Line Items]
Number of reporting units \| reporting_unit		1
Impairment loss		$ 0
Industrial Motion
Goodwill [Line Items]
Number of reporting units \| reporting_unit		6
Impairment loss		$ 28.3

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Carrying Value of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023
Goodwill [Roll Forward]
Beginning balance	$ 1,098.3	$ 1,098.3
Acquisitions		121.3
Impairment loss	(28.3)	(28.3)
Foreign currency translation adjustments and other changes		7.1
Ending balance		1,198.4
Engineered Bearings
Goodwill [Roll Forward]
Beginning balance	679.8	679.8
Acquisitions		0
Impairment loss		0
Foreign currency translation adjustments and other changes		2.6
Ending balance		682.4
Industrial Motion
Goodwill [Roll Forward]
Beginning balance	$ 418.5	418.5
Acquisitions		121.3
Impairment loss		(28.3)
Foreign currency translation adjustments and other changes		4.5
Ending balance		$ 516

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Intangible assets subject to amortization:
Gross Carrying Amount	$ 1,305.2	$ 1,144.7
Accumulated Amortization	(573.6)	(540.9)
Net Carrying Amount	731.6	603.8
Intangible assets not subject to amortization:
Intangible assets not subject to amortization	144.5	161.5
Gross intangible assets (excluding goodwill)	1,449.7	1,306.2
Accumulated Amortization	(573.6)	(540.9)
Total intangible assets, net carrying amount	876.1	765.3
Trade names
Intangible assets not subject to amortization:
Intangible assets not subject to amortization	135.8	152.8
FAA air agency certificates
Intangible assets not subject to amortization:
Intangible assets not subject to amortization	8.7	8.7
Customer relationships
Intangible assets subject to amortization:
Gross Carrying Amount	655.8	561.5
Accumulated Amortization	(201.3)	(183.2)
Net Carrying Amount	454.5	378.3
Intangible assets not subject to amortization:
Accumulated Amortization	(201.3)	(183.2)
Technology and know-how
Intangible assets subject to amortization:
Gross Carrying Amount	301.2	273.1
Accumulated Amortization	(90.1)	(80.4)
Net Carrying Amount	211.1	192.7
Intangible assets not subject to amortization:
Accumulated Amortization	(90.1)	(80.4)
Trade names
Intangible assets subject to amortization:
Gross Carrying Amount	50.6	18.4
Accumulated Amortization	(9.8)	(8.7)
Net Carrying Amount	40.8	9.7
Intangible assets not subject to amortization:
Accumulated Amortization	(9.8)	(8.7)
Capitalized software
Intangible assets subject to amortization:
Gross Carrying Amount	290	288.4
Accumulated Amortization	(267)	(266.3)
Net Carrying Amount	23	22.1
Intangible assets not subject to amortization:
Accumulated Amortization	(267)	(266.3)
Other
Intangible assets subject to amortization:
Gross Carrying Amount	7.6	3.3
Accumulated Amortization	(5.4)	(2.3)
Net Carrying Amount	2.2	1
Intangible assets not subject to amortization:
Accumulated Amortization	$ (5.4)	$ (2.3)

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Sales rebates	$ 72	$ 82.9
Deferred revenue	55.4	54.3
Product warranty	27.1	23.5
Operating lease liabilities	24.7	24.1
Current derivative liability	30.2	19.8
Taxes other than income and payroll taxes	24.2	18.7
Freight and duties	16.1	21.7
Interest	15.3	15
Professional fees	17.3	17.4
Restructuring	4.1	3.1	$ 7
Other	77.6	72.4
Total other current liabilities	$ 364	$ 352.9

Financing Arrangements - Schedu

Financing Arrangements - Schedule of Short-term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Short-term Debt [Line Items]
Short-term debt	$ 49.8	$ 46.3
Foreign Subsidiary
Short-term Debt [Line Items]
Line of credit stated variable interest rate, low range (as a percent)	4%	2.38%
Line of credit stated variable interest rate, high range (as a percent)	10.07%	5.50%
Short-term debt	$ 49.8	$ 46.3

Financing Arrangements - Narrat

Financing Arrangements - Narrative (Details) € in Millions		3 Months Ended	6 Months Ended
Financing Arrangements - Narrative (Details) € in Millions	Dec. 05, 2022 USD ($)	Mar. 31, 2022 EUR (€)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Mar. 28, 2022 USD ($)	Jun. 25, 2019 covenant
Short-term Debt [Line Items]
Short-term debt			$ 49,800,000		$ 46,300,000
Borrowings guarantees			59,100,000
Proceeds from long-term debt			768,900,000	$ 684,500,000
Fair value of amount outstanding			2,049,900,000		1,916,900,000
Unamortized premiums and fees			12,000,000
Foreign Subsidiary
Short-term Debt [Line Items]
Maximum borrowing capacity under line of credit			246,100,000
Short-term debt			49,800,000		46,300,000
Borrowings guarantees			2,700,000
Line of credit facility, remaining borrowing capacity			193,600,000
Accounts Receivable Facility
Short-term Debt [Line Items]
Maximum borrowing capacity under line of credit			100,000,000
Line of credit facility, remaining borrowing capacity			15,000,000
Long-term line of credit			85,000,000
Fair value of amount outstanding			85,000,000		85,000,000
Senior Credit Facility - Variable Rate
Short-term Debt [Line Items]
Maximum borrowing capacity under line of credit	$ 750,000,000
Line of credit facility, remaining borrowing capacity			615,000,000
Fair value of amount outstanding			133,200,000		8,500,000
Number of financial covenant \| covenant							2
Senior Credit Facility - Variable Rate \| Letter of Credit
Short-term Debt [Line Items]
Long-term line of credit			1,800,000
Term Loan - Variable Rate
Short-term Debt [Line Items]
Proceeds from long-term debt	400,000,000
Extinguishment of debt, amount	$ 350,000,000
Fair value of amount outstanding			399,200,000		399,100,000
Senior Unsecured Notes -4.125%
Short-term Debt [Line Items]
Proceeds from long-term debt \| €		€ 6.5
Fair value of amount outstanding			$ 342,900,000		$ 342,100,000
Aggregate principal amount						$ 350,000,000
Debt instrument, interest rate, stated percentage (as a percent)			4.125%		4.125%	4.125%

Financing Arrangements - Sche_2

Financing Arrangements - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Mar. 28, 2022
Debt Instrument [Line Items]
Total debt	$ 2,049.9	$ 1,916.9
Less: current maturities	3.4	2.7
Long-term debt	$ 2,046.5	$ 1,914.2
Senior Unsecured Notes - 3.875%
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage (as a percent)	3.875%	3.875%
Euro Senior Unsecured Notes - 2.02%
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage (as a percent)	2.02%	2.02%
Series A Medium Term Note \| Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage (as a percent)	6.74%	6.74%
Series A Medium Term Note \| Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage (as a percent)	7.76%	7.76%
Senior Credit Facility - Variable Rate
Debt Instrument [Line Items]
Total debt	$ 133.2	$ 8.5
Debt instrument, interest rate, stated percentage (as a percent)	6.27%	5.10%
Accounts Receivable Facility - Variable Rate
Debt Instrument [Line Items]
Total debt	$ 85	$ 85
Long-term debt, percentage bearing variable interest, percentage rate (as a percent)	5.98%	5.01%
Term Loan - Variable Rate
Debt Instrument [Line Items]
Total debt	$ 399.2	$ 399.1
Long-term debt, percentage bearing variable interest, percentage rate (as a percent)	6.33%	5.55%
Senior Unsecured Notes - 3.875%
Debt Instrument [Line Items]
Total debt	$ 349.9	$ 349.8
Euro Senior Unsecured Notes - 2.02%
Debt Instrument [Line Items]
Total debt	163.5	160.4
Senior Unsecured Notes - 4.5%
Debt Instrument [Line Items]
Total debt	$ 397.4	$ 397.2
Debt instrument, interest rate, stated percentage (as a percent)	4.50%	4.50%
Series A Medium Term Note
Debt Instrument [Line Items]
Total debt	$ 154.8	$ 154.8
Senior Unsecured Notes -4.125%
Debt Instrument [Line Items]
Total debt	$ 342.9	$ 342.1
Debt instrument, interest rate, stated percentage (as a percent)	4.125%	4.125%	4.125%
Fixed Rate Bank Loan (BEKA)
Debt Instrument [Line Items]
Total debt	$ 13.2	$ 13.6
Debt instrument, interest rate, stated percentage (as a percent)	2.15%	2.15%
Other
Debt Instrument [Line Items]
Total debt	$ 10.8	$ 6.4
Euro Member Countries, Euro \| Senior Credit Facility - Variable Rate
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage (as a percent)	4.07%	2.21%

Financing Arrangements - Sche_3

Financing Arrangements - Schedule of Maturities of Long-term Debt (Details) $ in Millions	Jun. 30, 2023 USD ($)
Debt Disclosure [Abstract]
Total finance lease liabilities	$ 4.9
2023	3
2024	444
2025	28.9
2026	52.7
2027	654.5
2028	522
Thereafter	$ 356.9

Supply Chain Financing (Details

Supply Chain Financing (Details) $ in Millions	6 Months Ended
Supply Chain Financing (Details) $ in Millions	Jun. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Termination written notice period	90 days
Payment term	90 days
Purchase Obligation [Roll Forward]
Confirmed obligations outstanding, January 1	$ 14.4
Invoices confirmed	45.4
Confirmed invoices paid	(41.3)
Confirmed obligations outstanding, ending balance	$ 18.5

Contingencies - Narrative (Deta

Contingencies - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Accrual for environmental loss contingencies	$ 4.7	$ 4.8
Standard product warranty accrual	$ 27.1	$ 23.5	$ 11.7

Contingencies - Schedule of Pro

Contingencies - Schedule of Product Warranty Liability (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance, January 1	$ 23.5	$ 11.7
Expense	5	14.7
Payments	(1.4)	(2.9)
Ending balance	$ 27.1	$ 23.5

Equity - Schedule of Stockholde

Equity - Schedule of Stockholders Equity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 2,436.3	$ 2,355	$ 2,352.9	$ 2,377.7
Net Income	129.5	105.6	255.2	227.5
Foreign currency translation adjustments	(27.9)	(113.1)	(0.2)	(135.7)
Pension and other postretirement liability adjustments (net of income tax benefits)	(1.6)	(1.4)	(3.1)	(2.9)
Change in fair value of derivative financial instruments, net of reclassifications	(0.3)	2.2	(1.1)	4.2
Dividends declared to noncontrolling interest	0
Dividends	(23.8)	(22.9)	(47.4)	(46.4)
Sale of shares of Timken India Limited	229		229
Stock-based compensation expense	6.1	8.5	17.1	15.6
Stock purchased at fair market value	(100.5)	(44.3)	(154.5)	(144.3)
Stock option exercise activity	4.5	0.2	17.2	1.6
Payments related to tax withholding for stock-based compensation	(1.3)	(0.6)	(15.1)	(8.1)
Ending balance	2,650	2,289.2	2,650	2,289.2
Pension and other postretirement liability adjustment, tax benefit	$ 0.5	$ 0.5	$ 1	$ 1
Dividends (in dollars per share)	$ 0.33	$ 0.31	$ 0.64	$ 0.61
Stated Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 40.7	$ 40.7	$ 40.7	$ 40.7
Ending balance	40.7	40.7	40.7	40.7
Other Paid-In Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	853.3	795.4	829.6	786.9
Sale of shares of Timken India Limited	194.5		194.5
Stock-based compensation expense	6.1	8.5	17.1	15.6
Stock option exercise activity	4.5	0.2	17.2	1.6
Ending balance	1,058.4	804.1	1,058.4	804.1
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	2,030.8	1,711.1	1,932.1	1,616.4
Net Income	125.2	105	247.5	223.2
Dividends	(23.8)	(22.9)	(47.4)	(46.4)
Ending balance	2,132.2	1,793.2	2,132.2	1,793.2
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(156.8)	(42.5)	(181.9)	(23)
Foreign currency translation adjustments	(27.6)	(114.2)	(0.2)	(134.2)
Pension and other postretirement liability adjustments (net of income tax benefits)	(1.6)	(1.4)	(3.1)	(2.9)
Change in fair value of derivative financial instruments, net of reclassifications	(0.3)	2.2	(1.1)	4.2
Sale of shares of Timken India Limited	8.1		8.1
Ending balance	(178.2)	(155.9)	(178.2)	(155.9)
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(420)	(233.6)	(352.2)	(126.1)
Stock purchased at fair market value	(100.5)	(44.3)	(154.5)	(144.3)
Payments related to tax withholding for stock-based compensation	(1.3)	(0.6)	(15.1)	(8.1)
Ending balance	(521.8)	(278.5)	(521.8)	(278.5)
Non controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	88.3	83.9	84.6	82.8
Net Income	4.3	0.6	7.7	4.3
Foreign currency translation adjustments	(0.3)	1.1		(1.5)
Dividends declared to noncontrolling interest
Sale of shares of Timken India Limited	26.4		26.4
Ending balance	$ 118.7	$ 85.6	$ 118.7	$ 85.6

Equity - Narrative (Details)

Equity - Narrative (Details) - Timken India Limited - USD ($) shares in Millions, $ in Millions	Jun. 20, 2023	Jun. 19, 2023
Stockholders' Equity [Line Items]
Number of shares issued (in shares)	7.6
Sale of stock, consideration received on transaction	$ 229
Estimated income tax and transaction cost	$ 55
Ownership percentage	57.70%	67.80%

Impairment and Restructuring _3

Impairment and Restructuring Charges - Restructuring Charges by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Restructuring Cost and Reserve [Line Items]
Impairment charges		$ 8.8	$ 28.3	$ 8.8
Severance and related benefit costs	$ 2.3	1	2.9	1.3
Exit costs	0.2	0.2	0.2	0.9
Total	2.5	10	31.4	11
Engineered Bearings
Restructuring Cost and Reserve [Line Items]
Impairment charges		8.8	0	8.8
Severance and related benefit costs	1.5	0.6	2.2	1
Exit costs	0.2	0.2	0.2	0.8
Total	1.7	9.6	2.4	10.6
Industrial Motion
Restructuring Cost and Reserve [Line Items]
Impairment charges		0	28.3	0
Severance and related benefit costs	0.8	0.4	0.7	0.3
Exit costs	0	0	0	0.1
Total	$ 0.8	$ 0.4	$ 29	$ 0.4

Impairment and Restructuring _4

Impairment and Restructuring Charges - Narrative (Details) $ in Millions				3 Months Ended			6 Months Ended
	Jan. 16, 2023 USD ($) employee	Oct. 31, 2022 employee	Feb. 04, 2020 employee	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Severance and related benefit costs				$ 2.3		$ 1	$ 2.9	$ 1.3
Impairment charges						8.8	28.3	8.8
Exit costs				0.2		0.2	$ 0.2	0.9
Number of reportable segments \| segment							2
Impairment loss					$ 28.3		$ 28.3
Engineered Bearings
Restructuring Cost and Reserve [Line Items]
Severance and related benefit costs				1.5		0.6	2.2	1
Impairment charges						8.8	0	8.8
Exit costs				0.2		0.2	0.2	0.8
Impairment loss							0
Industrial Motion
Restructuring Cost and Reserve [Line Items]
Severance and related benefit costs				0.8		0.4	0.7	0.3
Impairment charges						0	28.3	0
Exit costs				0		0	0	0.1
Impairment loss							28.3
Gaffney, South Carolina \| Facility Closing \| Engineered Bearings
Restructuring Cost and Reserve [Line Items]
Number of employees expected to be affected \| employee	225
Severance and related benefit costs				0.9			1.7
Restructuring charges							6.1
Gaffney, South Carolina \| Facility Closing \| Engineered Bearings \| Minimum
Restructuring Cost and Reserve [Line Items]
Expected costs	$ 10
Gaffney, South Carolina \| Facility Closing \| Engineered Bearings \| Maximum
Restructuring Cost and Reserve [Line Items]
Expected costs	$ 12
Russia \| Facility Closing \| Engineered Bearings
Restructuring Cost and Reserve [Line Items]
Impairment charges				$ 8.8
Villa Carcina, Italy \| Facility Closing \| Engineered Bearings
Restructuring Cost and Reserve [Line Items]
Severance and related benefit costs						0.4		0.8
Restructuring charges							9.8
Number of positions eliminated \| employee		110
Exit costs						$ 0.4		$ 1
Indianapolis, Indiana \| Industrial Motion
Restructuring Cost and Reserve [Line Items]
Restructuring charges							$ 14.8
Number of employees expected to be hired \| employee			130
Indianapolis, Indiana \| Facility Closing \| Industrial Motion
Restructuring Cost and Reserve [Line Items]
Number of employees expected to be affected \| employee			240

Impairment and Restructuring _5

Impairment and Restructuring Charges - Consolidated Restructuring Accrual (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Restructuring Reserve [Roll Forward]
Beginning balance	$ 3.1	$ 7
Expense	3.1	5.8
Payments	(2.1)	(9.7)
Ending Balance	$ 4.1	$ 3.1

Retirement Benefit Plans - Comp

Retirement Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Components of net periodic benefit cost (credit):
Recognition of net actuarial (gains) losses	$ (1)	$ 11.6	$ (1.9)	$ 14.2
Pension Plan
Components of net periodic benefit cost (credit):
Service cost	0.7	2.2	1.2	4.5
Interest cost	7.4	5.5	14.3	11.1
Expected return on plan assets	(4.9)	(7.4)	(9.5)	(15.1)
Amortization of prior service cost	0.1	0.4	0.2	0.7
Recognition of net actuarial (gains) losses	(1)	11.6	(1.9)	14.2
Net periodic benefit cost (credit)	2.3	12.3	4.3	15.4
Pension Plan \| U.S. Plans
Components of net periodic benefit cost (credit):
Service cost	0.2	1.8	0.4	3.7
Interest cost	4.5	4.1	9	8.2
Expected return on plan assets	(2.1)	(5)	(4.2)	(10.2)
Amortization of prior service cost	0.1	0.3	0.1	0.6
Recognition of net actuarial (gains) losses	(1)	11.6	(1.9)	14.2
Net periodic benefit cost (credit)	1.7	12.8	3.4	16.5
Pension Plan \| International Plans
Components of net periodic benefit cost (credit):
Service cost	0.5	0.4	0.8	0.8
Interest cost	2.9	1.4	5.3	2.9
Expected return on plan assets	(2.8)	(2.4)	(5.3)	(4.9)
Amortization of prior service cost	0	0.1	0.1	0.1
Recognition of net actuarial (gains) losses	0	0	0	0
Net periodic benefit cost (credit)	$ 0.6	$ (0.5)	$ 0.9	$ (1.1)

Retirement Benefit Plans - Narr

Retirement Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Recognition of net actuarial gain (loss)	$ 1	$ (11.6)	$ 1.9	$ (14.2)
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Recognition of net actuarial gain (loss)	1	(11.6)	1.9	(14.2)
U.S. Plans \| Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Recognition of net actuarial gain (loss)	$ 1	$ (11.6)	$ 1.9	$ (14.2)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 2,436.3	$ 2,355	$ 2,352.9	$ 2,377.7
Sale of shares of Timken India Limited	8.1		8.1
Other comprehensive (loss) income before reclassifications and income taxes	(28.9)	(109)	(2)	(128.2)
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes	(1.6)	(2.8)	(3.9)	(5.9)
Income tax benefit	0.7	(0.5)	1.5	(0.3)
Other comprehensive loss, net of tax	(29.8)	(112.3)	(4.4)	(134.4)
Noncontrolling interest	0.3	(1.1)	0	1.5
Net current period other comprehensive income (loss), net of income taxes, noncontrolling interest and sale of shares of Timken India Limited	(21.4)	(113.4)	3.7	(132.9)
Ending balance	2,650	2,289.2	2,650	2,289.2
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(156.8)	(42.5)	(181.9)	(23)
Ending balance	(178.2)	(155.9)	(178.2)	(155.9)
Foreign currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(208.3)	(100.3)	(235.7)	(80.3)
Sale of shares of Timken India Limited	8.1		8.1
Other comprehensive (loss) income before reclassifications and income taxes	(27.9)	(113.1)	(0.2)	(135.7)
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes	0	0	0	0
Income tax benefit	0	0	0
Other comprehensive loss, net of tax	(27.9)	(113.1)	(0.2)	(135.7)
Noncontrolling interest	0.3	(1.1)	0	1.5
Net current period other comprehensive income (loss), net of income taxes, noncontrolling interest and sale of shares of Timken India Limited	(19.5)	(114.2)	7.9	(134.2)
Ending balance	(227.8)	(214.5)	(227.8)	(214.5)
Pension and other postretirement liability adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	49.3	55.1	50.8	56.6
Sale of shares of Timken India Limited	0		0
Other comprehensive (loss) income before reclassifications and income taxes	(0.1)	0.2	(0.1)	0.4
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes	(2)	(2.1)	(4)	(4.3)
Income tax benefit	0.5	0.5	1	1
Other comprehensive loss, net of tax	(1.6)	(1.4)	(3.1)	(2.9)
Noncontrolling interest	0	0	0	0
Net current period other comprehensive income (loss), net of income taxes, noncontrolling interest and sale of shares of Timken India Limited	(1.6)	(1.4)	(3.1)	(2.9)
Ending balance	47.7	53.7	47.7	53.7
Change in fair value of derivative financial instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	2.2	2.7	3	0.7
Sale of shares of Timken India Limited	0		0
Other comprehensive (loss) income before reclassifications and income taxes	(0.9)	3.9	(1.7)	7.1
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes	0.4	(0.7)	0.1	(1.6)
Income tax benefit	0.2	(1)	0.5	(1.3)
Other comprehensive loss, net of tax	(0.3)	2.2	(1.1)	4.2
Noncontrolling interest	0	0	0	0
Net current period other comprehensive income (loss), net of income taxes, noncontrolling interest and sale of shares of Timken India Limited	(0.3)	2.2	(1.1)	4.2
Ending balance	$ 1.9	$ 4.9	$ 1.9	$ 4.9

Fair Value - Fair Value on Recu

Fair Value - Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Assets and Liabilities Measured at fair value on a recurring basis
Restricted cash	$ 8	$ 9.1
Fair Value, Recurring
Assets and Liabilities Measured at fair value on a recurring basis
Restricted cash	8	9.1
Short-term investments	38.2	39.2
Interest rate swap contracts	1	3.1
Foreign currency forward contracts	1.7	4.5
Total assets	393.1	387.5
Foreign currency forward contracts	30.2	19.8
Total liabilities	30.2	19.8
Fair Value, Recurring \| Level 1, 2 and 3
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	304.2	292.1
Fair Value, Recurring \| Level 1
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	304.2	289.3
Restricted cash	8	9.1
Short-term investments	0	0
Interest rate swap contracts	0	0
Foreign currency forward contracts	0	0
Total assets	312.2	298.4
Foreign currency forward contracts	0	0
Total liabilities	0	0
Fair Value, Recurring \| Level 2
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	0	2.8
Restricted cash	0	0
Short-term investments	38.2	39.2
Interest rate swap contracts	1	3.1
Foreign currency forward contracts	1.7	4.5
Total assets	40.9	49.6
Foreign currency forward contracts	30.2	19.8
Total liabilities	30.2	19.8
Fair Value, Recurring \| Level 3
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Restricted cash	0	0
Short-term investments	0	0
Interest rate swap contracts	0	0
Foreign currency forward contracts	0	0
Total assets	0	0
Foreign currency forward contracts	0	0
Total liabilities	0	0
Fair Value, Recurring \| Fair Value Measured at Net Asset Value Per Share
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	$ 40	$ 39.5

Fair Value - Narrative (Details

Fair Value - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Long-term fixed-rate debt, fair value	$ 1,361.3	$ 1,353.5
Long-term fixed-rate debt, carrying value	$ 1,421.7	$ 1,417.9

Derivatives Instruments and H_3

Derivatives Instruments and Hedging Activities - Narrative (Details) € in Millions, $ in Millions		3 Months Ended			6 Months Ended
	Sep. 15, 2020 EUR (€)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 EUR (€)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)	Sep. 08, 2020 USD ($)
Derivative [Line Items]
Derivative, amount of hedged item								$ 350	$ 100
Proceeds from long-term debt					$ 768.9	$ 684.5
Amount reclassified from accumulated other comprehensive loss		$ (1.6)	$ (2.8)		(3.9)	$ (5.9)
Derivative instrument term				10 years
Derivative, notional amount		573.1			$ 573.1		$ 635.6
Designated as Hedging Instrument
Derivative [Line Items]
Derivative instrument term					18 months
Derivative, notional amount		74.8			$ 74.8		82.3
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount		498.3			498.3		$ 553.3
2027 Notes
Derivative [Line Items]
Proceeds from long-term debt \| €	€ 150
Senior Unsecured Notes -4.125%
Derivative [Line Items]
Proceeds from long-term debt \| €				€ 6.5
Net Investment Hedging
Derivative [Line Items]
Derivative, amount of hedged item \| €	€ 54.5
Amount reclassified from accumulated other comprehensive loss		$ 0.4			$ 1.1

Derivatives Instruments and H_4

Derivatives Instruments and Hedging Activities - Cash Flow Hedging Strategy (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of gain or (loss) recognized in income	$ (13.9)	$ (6)	$ (16.5)	$ (7)

Other Postretirement Benefit Plans	6 Months Ended
Other Postretirement Benefit Plans	Jun. 30, 2023
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Other Postretirement Benefit Plans	Note 17 - Other Postretirement Benefit Plans The following table sets forth the net periodic benefit cost for the Company’s other postretirement benefit plans. The amounts for the three and six months ended June 30, 2023 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of that period’s proportionate share of the amounts to be recorded for the year ending December 31, 2023. Three Months Ended Six Months Ended 2023 2022 2023 2022 Net periodic benefit credit: Service cost $ — $ 0.1 $ — $ 0.1 Interest cost 0.5 0.3 1.0 0.7 Amortization of prior service credit (2.1) (2.5) (4.2) (5.0) Net periodic benefit credit $ (1.6) $ (2.1) $ (3.2) $ (4.2)

Other Postretirement Benefit Plans (Tables)	6 Months Ended
Other Postretirement Benefit Plans (Tables)	Jun. 30, 2023
Postretirement Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Defined Benefit Plans Disclosures	The following table sets forth the net periodic benefit cost for the Company’s other postretirement benefit plans. The amounts for the three and six months ended June 30, 2023 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of that period’s proportionate share of the amounts to be recorded for the year ending December 31, 2023. Three Months Ended Six Months Ended 2023 2022 2023 2022 Net periodic benefit credit: Service cost $ — $ 0.1 $ — $ 0.1 Interest cost 0.5 0.3 1.0 0.7 Amortization of prior service credit (2.1) (2.5) (4.2) (5.0) Net periodic benefit credit $ (1.6) $ (2.1) $ (3.2) $ (4.2)

The Timken Company (TKR) 10-Q3 Aug 232023 Q2 Quarterly reportFinancial data

Cover

Consolidated Statements of Inco

Consolidated Statements of Comp

Consolidated Balance Sheets

Consolidated Balance Sheets (Pa

Consolidated Statements of Cash

Basis of Presentation

Significant Accounting Policies

Acquisitions and Divestitures

Segment Information

Revenue

Income Taxes

Earnings Per Share

Inventories

Goodwill and Other Intangible A

Other Current Liabilities

Financing Arrangements

Supply Chain Financing

Contingencies

Equity

Impairment and Restructuring Ch

Retirement Benefit Plans

Other Postretirement Benefit Pl

Accumulated Other Comprehensive

Fair Value

Derivatives Instruments and Hed

Pay vs Performance Disclosure

Insider Trading Arrangements

Significant Accounting Polici_2

Acquisitions and Divestitures (

Segment Information (Tables)

Revenue (Tables)

Income Taxes (Tables)

Earnings Per Share (Tables)

Inventories (Tables)

Goodwill and Other Intangible_2

Other Current Liabilities (Tabl

Financing Arrangements (Tables)

Supply Chain Financing (Tables)

Contingencies (Tables)

Equity (Tables)

Impairment and Restructuring _2

Retirement Benefit Plans (Table

Other Postretirement Benefit _2

Accumulated Other Comprehensi_2

Fair Value (Tables)

Derivatives Instruments and H_2

Acquisitions and Divestitures -

Acquisitions and Divestitures_2

Acquisitions and Divestitures_3

Acquisitions and Divestitures_4

Acquisitions and Divestitures_5

Segment Information (Details)

Revenue - Disaggregation of Rev

Revenue - Narrative (Details)

Revenue - Schedule of Contract

Revenue - Schedule of Deferred

Income Taxes - Schedule of Comp

Income Taxes - Narrative (Detai

Earnings Per Share - Denominato

Earnings Per Share - Narrative

Inventories - Components of Inv

Inventories - Narrative (Detail

Goodwill and Other Intangible_3

Goodwill and Other Intangible_4

Goodwill and Other Intangible_5

Other Current Liabilities (Deta

Financing Arrangements - Schedu

Financing Arrangements - Narrat

Financing Arrangements - Sche_2

Financing Arrangements - Sche_3

Supply Chain Financing (Details

Contingencies - Narrative (Deta

Contingencies - Schedule of Pro

Equity - Schedule of Stockholde

Equity - Narrative (Details)

Impairment and Restructuring _3

Impairment and Restructuring _4

Impairment and Restructuring _5