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Change in Accounting Principles (Tables) | 6 Months Ended
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Jun. 30, 2017
Accounting Changes [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | The following tables reflect the changes to financial statement line items as a result of the change in accounting principles for the periods presented in the accompanying unaudited consolidated financial statements: Consolidated Statements of Income:
| Three Months Ended
| June 30, 2017 |  | June 30, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change |  | As Previously Reported | Revised | Effect of Accounting Change
Cost of products sold | $ | 551.1 |  | $ | 548.8 |  | $ | (2.3 | ) |  | $ | 491.3 |  | $ | 489.1 |  | $ | (2.2 | )
Gross profit | 199.5 |  | 201.8 |  | 2.3 |  |  | 182.3 |  | 184.5 |  | 2.2 |
Selling, general and administrative expense | 126.5 |  | 123.8 |  | (2.7 | ) |  | 110.2 |  | 108.0 |  | (2.2 | )
Pension settlement expenses | 1.1 |  | — |  | (1.1 | ) |  | 0.4 |  | — |  | (0.4 | )
Operating income | 71.1 |  | 77.2 |  | 6.1 |  |  | 68.8 |  | 73.6 |  | 4.8 |
Income before income taxes | 67.8 |  | 73.9 |  | 6.1 |  |  | 64.9 |  | 69.7 |  | 4.8 |
(Benefit) provision for income taxes | (10.2 | ) | (8.1 | ) | 2.1 |  |  | 20.0 |  | 21.5 |  | 1.5 |
Net income | 78.0 |  | 82.0 |  | 4.0 |  |  | 44.9 |  | 48.2 |  | 3.3 |
Net income attributable to The Timken Company | $ | 78.5 |  | $ | 82.5 |  | $ | 4.0 |  |  | $ | 44.9 |  | $ | 48.2 |  | $ | 3.3 |
Basic earnings per share | $ | 1.01 |  | $ | 1.06 |  | $ | 0.05 |  |  | $ | 0.57 |  | $ | 0.61 |  | $ | 0.04 |
Diluted earnings per share | $ | 0.99 |  | $ | 1.04 |  | $ | 0.05 |  |  | $ | 0.57 |  | $ | 0.61 |  | $ | 0.04 |
Consolidated Statements of Income:
| Six Months Ended
| June 30, 2017 |  | June 30, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change |  | As Previously Reported | Revised | Effect of Accounting Change
Cost of products sold | $ | 1,074.2 |  | $ | 1,072.1 |  | $ | (2.1 | ) |  | $ | 994.4 |  | $ | 990.0 |  | $ | (4.4 | )
Gross profit | 380.2 |  | 382.3 |  | 2.1 |  |  | 363.2 |  | 367.6 |  | 4.4 |
Selling, general and administrative expense | 247.0 |  | 243.4 |  | (3.6 | ) |  | 228.5 |  | 224.1 |  | (4.4 | )
Pension settlement expenses | 11.8 |  | — |  | (11.8 | ) |  | 1.6 |  | 1.2 |  | (0.4 | )
Operating income | 118.9 |  | 136.4 |  | 17.5 |  |  | 119.7 |  | 128.9 |  | 9.2 |
Income before income taxes | 110.0 |  | 127.5 |  | 17.5 |  |  | 155.4 |  | 164.6 |  | 9.2 |
Provision for income taxes | 1.3 |  | 7.4 |  | 6.1 |  |  | 47.6 |  | 50.6 |  | 3.0 |
Net income | 108.7 |  | 120.1 |  | 11.4 |  |  | 107.8 |  | 114.0 |  | 6.2 |
Net income attributable to The Timken Company | $ | 109.3 |  | $ | 120.7 |  | $ | 11.4 |  |  | $ | 107.9 |  | $ | 114.1 |  | $ | 6.2 |
Basic earnings per share | $ | 1.40 |  | $ | 1.55 |  | $ | 0.15 |  |  | $ | 1.36 |  | $ | 1.44 |  | $ | 0.08 |
Diluted earnings per share | $ | 1.38 |  | $ | 1.53 |  | $ | 0.15 |  |  | $ | 1.35 |  | $ | 1.43 |  | $ | 0.08 |
Consolidated Statements of Comprehensive Income:
| Three Months Ended
| June 30, 2017 |  | June 30, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change |  | As Previously Reported | Revised | Effect of Accounting Change
Net Income | $ | 78.0 |  | $ | 82.0 |  | $ | 4.0 |  |  | $ | 44.9 |  | $ | 48.2 |  | $ | 3.3 |
Foreign currency translation adjustments | 11.5 |  | 11.5 |  | — |  |  | (18.4 | ) | (13.8 | ) | 4.6 |
Pension and postretirement liability adjustment | 4.0 |  | — |  | (4.0 | ) |  | 8.3 |  | 0.4 |  | (7.9 | )
Other comprehensive income (loss), net of tax | 14.1 |  | 10.1 |  | (4.0 | ) |  | (9.4 | ) | (12.7 | ) | (3.3 | )
Comprehensive Income, net of tax | 92.1 |  | 92.1 |  | — |  |  | 35.5 |  | 35.5 |  | — |
Less: comprehensive income (loss) attributable to noncontrolling interest | (1.1 | ) | (1.1 | ) | — |  |  | 0.2 |  | 0.1 |  | (0.1 | )
Comprehensive Income attributable to The Timken Company | $ | 93.2 |  | $ | 93.2 |  | $ | — |  |  | $ | 35.3 |  | $ | 35.4 |  | $ | 0.1 |
| Six Months Ended
| June 30, 2017 |  | June 30, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change |  | As Previously Reported | Revised | Effect of Accounting Change
Net Income | $ | 108.7 |  | $ | 120.1 |  | $ | 11.4 |  |  | $ | 107.8 |  | $ | 114.0 |  | $ | 6.2 |
Foreign currency translation adjustments | 31.9 |  | 31.9 |  | — |  |  | (3.6 | ) | 1.5 |  | 5.1 |
Pension and postretirement liability adjustment | 11.5 |  | 0.1 |  | (11.4 | ) |  | 12.0 |  | 0.8 |  | (11.2 | )
Other comprehensive income, net of tax | 41.2 |  | 29.8 |  | (11.4 | ) |  | 6.8 |  | 0.7 |  | (6.1 | )
Comprehensive Income, net of tax | 149.9 |  | 149.9 |  | — |  |  | 114.6 |  | 114.7 |  | 0.1 |
Less: comprehensive income attributable to noncontrolling interest | 1.4 |  | 1.4 |  | — |  |  | 1.2 |  | 1.2 |  | — |
Comprehensive Income attributable to The Timken Company | $ | 148.5 |  | $ | 148.5 |  | $ | — |  |  | $ | 113.4 |  | $ | 113.5 |  | $ | 0.1 |
Consolidated Balance Sheets:
| June 30, 2017 | December 31, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change | As Previously Reported | Revised | Effect of Accounting Change
Inventories, net | $ | 609.1 |  | $ | 617.0 |  | $ | 7.9 |  | $ | 545.8 |  | $ | 553.7 |  | $ | 7.9 |
Total current assets | 1,651.6 |  | 1,659.5 |  | 7.9 |  | 1,204.0 |  | 1,211.9 |  | 7.9 |
Deferred income taxes | 49.4 |  | 46.4 |  | (3.0 | ) | 54.4 |  | 51.4 |  | (3.0 | )
Total other assets | 770.4 |  | 767.4 |  | (3.0 | ) | 749.9 |  | 746.9 |  | (3.0 | )
Total assets | 3,233.6 |  | 3,238.5 |  | 4.9 |  | 2,758.3 |  | 2,763.2 |  | 4.9 |
Earnings invested in the business | 1,595.6 |  | 1,367.7 |  | (227.9 | ) | 1,528.6 |  | 1,289.3 |  | (239.3 | )
Accumulated other comprehensive loss | (282.8 | ) | (50.1 | ) | 232.7 |  | (322.0 | ) | (77.9 | ) | 244.1 |
Total shareholders' equity | 1,382.2 |  | 1,387.0 |  | 4.8 |  | 1,274.9 |  | 1,279.7 |  | 4.8 |
Noncontrolling interest | 32.5 |  | 32.6 |  | 0.1 |  | 31.1 |  | 31.2 |  | 0.1 |
Total equity | 1,414.7 |  | 1,419.6 |  | 4.9 |  | 1,306.0 |  | 1,310.9 |  | 4.9 |
Total liabilities and shareholders' equity | $ | 3,233.6 |  | $ | 3,238.5 |  | $ | 4.9 |  | $ | 2,758.3 |  | $ | 2,763.2 |  | $ | 4.9 |
Consolidated Statements of Cash Flows:
| Six Months Ended
| June 30, 2017 |  | June 30, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change |  | As Previously Reported | Revised | Effect of Accounting Change
Net income attributable to The Timken Company | $ | 109.3 |  | $ | 120.7 |  | $ | 11.4 |  |  | $ | 107.9 |  | $ | 114.1 |  | $ | (6.2 | )
Deferred income tax provision (benefit) | 1.6 |  | 7.7 |  | 6.1 |  |  | (0.2 | ) | 2.8 |  | (3.0 | )
Pension and other postretirement expense | 27.4 |  | 9.9 |  | (17.5 | ) |  | 18.9 |  | 9.7 |  | 9.2 |

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