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Change in Accounting Principles (Tables) | 9 Months Ended
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Sep. 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
| September 30, 2017 |  | September 30, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change |  | As Previously Reported | Revised | Effect of Accounting Change
Cost of products sold | $ | 556.7 |  | $ | 554.4 |  | $ | (2.3 | ) |  | $ | 489.9 |  | $ | 487.7 |  | $ | (2.2 | )
Gross profit | 214.7 |  | 217.0 |  | 2.3 |  |  | 167.5 |  | 169.7 |  | 2.2 |
Selling, general and administrative expense | 136.8 |  | 134.0 |  | (2.8 | ) |  | 109.5 |  | 107.2 |  | (2.3 | )
Pension settlement expenses | 3.9 |  | — |  | (3.9 | ) |  | 10.3 |  | 0.1 |  | (10.2 | )
Operating income | 72.7 |  | 81.7 |  | 9.0 |  |  | 42.4 |  | 57.1 |  | 14.7 |
Income before income taxes | 66.2 |  | 75.2 |  | 9.0 |  |  | 34.5 |  | 49.2 |  | 14.7 |
Provision for income taxes | 18.0 |  | 21.1 |  | 3.1 |  |  | 13.5 |  | 15.2 |  | 1.7 |
Net income | 48.2 |  | 54.1 |  | 5.9 |  |  | 21.0 |  | 34.0 |  | 13.0 |
Net income attributable to The Timken Company | $ | 47.6 |  | $ | 53.5 |  | $ | 5.9 |  |  | $ | 20.6 |  | $ | 33.6 |  | $ | 13.0 |
Basic earnings per share | $ | 0.61 |  | $ | 0.69 |  | $ | 0.08 |  |  | $ | 0.26 |  | $ | 0.43 |  | $ | 0.17 |
Diluted earnings per share | $ | 0.60 |  | $ | 0.68 |  | $ | 0.08 |  |  | $ | 0.26 |  | $ | 0.43 |  | $ | 0.17 |
Consolidated Statements of Income:
| Nine Months Ended
| September 30, 2017 |  | September 30, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change |  | As Previously Reported | Revised | Effect of Accounting Change
Cost of products sold | $ | 1,630.9 |  | $ | 1,626.5 |  | $ | (4.4 | ) |  | $ | 1,484.3 |  | $ | 1,477.7 |  | $ | (6.6 | )
Gross profit | 594.9 |  | 599.3 |  | 4.4 |  |  | 530.7 |  | 537.3 |  | 6.6 |
Selling, general and administrative expense | 383.8 |  | 377.4 |  | (6.4 | ) |  | 338.0 |  | 331.3 |  | (6.7 | )
Pension settlement expenses | 15.7 |  | — |  | (15.7 | ) |  | 11.9 |  | 1.3 |  | (10.6 | )
Operating income | 191.6 |  | 218.1 |  | 26.5 |  |  | 162.1 |  | 186.0 |  | 23.9 |
Income before income taxes | 176.2 |  | 202.7 |  | 26.5 |  |  | 189.9 |  | 213.8 |  | 23.9 |
Provision for income taxes | 19.3 |  | 28.5 |  | 9.2 |  |  | 61.1 |  | 65.8 |  | 4.7 |
Net income | 156.9 |  | 174.2 |  | 17.3 |  |  | 128.8 |  | 148.0 |  | 19.2 |
Net income attributable to The Timken Company | $ | 156.9 |  | $ | 174.2 |  | $ | 17.3 |  |  | $ | 128.5 |  | $ | 147.7 |  | $ | 19.2 |
Basic earnings per share | $ | 2.02 |  | $ | 2.24 |  | $ | 0.22 |  |  | $ | 1.63 |  | $ | 1.87 |  | $ | 0.24 |
Diluted earnings per share | $ | 1.99 |  | $ | 2.21 |  | $ | 0.22 |  |  | $ | 1.62 |  | $ | 1.86 |  | $ | 0.24 |
Consolidated Statements of Comprehensive Income:
| Three Months Ended
| September 30, 2017 |  | September 30, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change |  | As Previously Reported | Revised | Effect of Accounting Change
Net Income | $ | 48.2 |  | $ | 54.1 |  | $ | 5.9 |  |  | $ | 21.0 |  | $ | 34.0 |  | $ | 13.0 |
Foreign currency translation adjustments | 10.9 |  | 10.9 |  | — |  |  | 2.2 |  | 3.7 |  | 1.5 |
Pension and postretirement liability adjustment | 6.0 |  | 0.1 |  | (5.9 | ) |  | 15.0 |  | 0.4 |  | (14.6 | )
Other comprehensive income, net of tax | 14.9 |  | 9.0 |  | (5.9 | ) |  | 17.2 |  | 4.1 |  | (13.1 | )
Comprehensive Income, net of tax | 63.1 |  | 63.1 |  | — |  |  | 38.2 |  | 38.1 |  | (0.1 | )
Less: comprehensive income attributable to noncontrolling interest | 0.5 |  | 0.5 |  | — |  |  | 0.9 |  | 1.0 |  | 0.1 |
Comprehensive income attributable to The Timken Company | $ | 62.6 |  | $ | 62.6 |  | $ | — |  |  | $ | 37.3 |  | $ | 37.1 |  | $ | (0.2 | )
| Nine Months Ended
| September 30, 2017 |  | September 30, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change |  | As Previously Reported | Revised | Effect of Accounting Change
Net Income | $ | 156.9 |  | $ | 174.2 |  | $ | 17.3 |  |  | $ | 128.8 |  | $ | 148.0 |  | $ | 19.2 |
Foreign currency translation adjustments | 42.8 |  | 42.8 |  | — |  |  | (1.4 | ) | 5.2 |  | 6.6 |
Pension and postretirement liability adjustment | 17.5 |  | 0.2 |  | (17.3 | ) |  | 27.0 |  | 1.2 |  | (25.8 | )
Other comprehensive income, net of tax | 56.1 |  | 38.8 |  | (17.3 | ) |  | 24.0 |  | 4.8 |  | (19.2 | )
Comprehensive Income, net of tax | 213.0 |  | 213.0 |  | — |  |  | 152.8 |  | 152.8 |  | — |
Less: comprehensive income attributable to noncontrolling interest | 1.9 |  | 1.9 |  | — |  |  | 2.1 |  | 2.2 |  | 0.1 |
Comprehensive income attributable to The Timken Company | $ | 211.1 |  | $ | 211.1 |  | $ | — |  |  | $ | 150.7 |  | $ | 150.6 |  | $ | (0.1 | )
Consolidated Balance Sheets:
| September 30, 2017 | December 31, 2016
| Previous Accounting Method | As Reported | Effect of Accounting Change | As Previously Reported | Revised | Effect of Accounting Change
Inventories, net | $ | 679.6 |  | $ | 687.5 |  | $ | 7.9 |  | $ | 545.8 |  | $ | 553.7 |  | $ | 7.9 |
Total current assets | 1,466.4 |  | 1,474.3 |  | 7.9 |  | 1,204.0 |  | 1,211.9 |  | 7.9 |
Deferred income taxes | 50.9 |  | 47.9 |  | (3.0 | ) | 54.4 |  | 51.4 |  | (3.0 | )
Total other assets | 1,050.1 |  | 1,047.1 |  | (3.0 | ) | 749.9 |  | 746.9 |  | (3.0 | )
Total assets | 3,358.7 |  | 3,363.6 |  | 4.9 |  | 2,758.3 |  | 2,763.2 |  | 4.9 |
Earnings invested in the business | 1,622.2 |  | 1,400.2 |  | (222.0 | ) | 1,528.6 |  | 1,289.3 |  | (239.3 | )
Accumulated other comprehensive loss | (267.8 | ) | (41.0 | ) | 226.8 |  | (322.0 | ) | (77.9 | ) | 244.1 |
Total shareholders' equity | 1,418.2 |  | 1,423.0 |  | 4.8 |  | 1,274.9 |  | 1,279.7 |  | 4.8 |
Noncontrolling interest | 32.8 |  | 32.9 |  | 0.1 |  | 31.1 |  | 31.2 |  | 0.1 |
Total equity | 1,451.0 |  | 1,455.9 |  | 4.9 |  | 1,306.0 |  | 1,310.9 |  | 4.9 |
Total liabilities and shareholders' equity | $ | 3,358.7 |  | $ | 3,363.6 |  | $ | 4.9 |  | $ | 2,758.3 |  | $ | 2,763.2 |  | $ | 4.9 |
Consolidated Statements of Cash Flows:
| Nine Months Ended
| September 30, 2017 |  | September 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 | $ | 156.9 |  | $ | 174.2 |  | $ | 17.3 |  |  | $ | 128.5 |  | $ | 147.7 |  | $ | 19.2 |
Deferred income tax (benefit) provision | (1.7 | ) | 7.5 |  | 9.2 |  |  | (0.1 | ) | 4.6 |  | 4.7 |
Pension and other postretirement expense | 39.1 |  | 12.6 |  | (26.5 | ) |  | 38.4 |  | 14.5 |  | (23.9 | )

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