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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data | Note 25 - Quarterly Financial Data (Unaudited)
| 2024
| 1st | 2nd | 3rd | 4th | Total
Net sales | $ | 1,190.3 |  | $ | 1,182.3 |  | $ | 1,126.8 |  | $ | 1,073.6 |  | $ | 4,573.0 |
Cost of products sold | 792.7 |  | 808.7 |  | 782.4 |  | 748.5 |  | 3,132.3 |
Selling, general and administrative expenses | 190.7 |  | 184.1 |  | 189.7 |  | 187.5 |  | 752.0 |
Amortization of intangible assets | 20.0 |  | 19.0 |  | 19.7 |  | 19.3 |  | 78.0 |
Impairment and restructuring charges | 2.3 |  | 3.3 |  | 2.5 |  | 5.3 |  | 13.4 |
Operating income | 184.6 |  | 167.2 |  | 146.3 |  | 113.0 |  | 611.1 |
Net income (1) | 110.6 |  | 102.0 |  | 87.6 |  | 75.1 |  | 375.3 |
Net income attributable to noncontrolling interests | 7.1 |  | 5.8 |  | 5.8 |  | 3.9 |  | 22.6 |
Net income attributable to The Timken Company | 103.5 |  | 96.2 |  | 81.8 |  | 71.2 |  | 352.7 |
Net income per share - Basic: | $ | 1.47 |  | $ | 1.37 |  | $ | 1.17 |  | $ | 1.02 |  | $ | 5.02 |
Net income per share - Diluted: | $ | 1.46 |  | $ | 1.36 |  | $ | 1.16 |  | $ | 1.01 |  | $ | 4.99 |
Dividends per share | $ | 0.33 |  | $ | 0.34 |  | $ | 0.34 |  | $ | 0.34 |  | $ | 1.35 |
| 2023
| 1st | 2nd | 3rd | 4th | Total
Net sales | $ | 1,262.8 |  | $ | 1,272.3 |  | $ | 1,142.7 |  | $ | 1,091.2 |  | $ | 4,769.0 |
Cost of products sold | 846.0 |  | 866.9 |  | 787.1 |  | 759.9 |  | 3,259.9 |
Selling, general and administrative expenses | 186.8 |  | 184.9 |  | 179.6 |  | 189.5 |  | 740.8 |
Amortization of intangible assets | 13.5 |  | 17.3 |  | 17.5 |  | 17.4 |  | 65.7 |
Impairment and restructuring charges | 28.9 |  | 2.5 |  | 8.9 |  | 5.2 |  | 45.5 |
Operating income | 187.6 |  | 200.7 |  | 149.6 |  | 119.2 |  | 657.1 |
Net income (2) | 125.7 |  | 129.5 |  | 90.9 |  | 61.9 |  | 408.0 |
Net income attributable to noncontrolling interests | 3.4 |  | 4.3 |  | 3.0 |  | 3.2 |  | 13.9 |
Net income attributable to The Timken Company | 122.3 |  | 125.2 |  | 87.9 |  | 58.7 |  | 394.1 |
Net income per share - Basic: | $ | 1.69 |  | $ | 1.74 |  | $ | 1.24 |  | $ | 0.84 |  | $ | 5.52 |
Net income per share - Diluted: | $ | 1.67 |  | $ | 1.73 |  | $ | 1.23 |  | $ | 0.83 |  | $ | 5.47 |
Dividends per share | $ | 0.31 |  | $ | 0.33 |  | $ | 0.33 |  | $ | 0.33 |  | $ | 1.30 |
Earnings per share are computed independently for each of the quarters presented; therefore, the sum of the quarterly earnings per share may not equal the total computed for the year. (1)Net income for the third quarter of 2024 included the gain on the sale of a former bearing manufacturing plant of $13.8 million. Net income for the fourth quarter of 2024 included net actuarial gains of $1.3 million. (2)Net income for the first quarter of 2023 included goodwill impairment charges of $28.3 million. Net income for the fourth quarter of 2023 included net actuarial losses of $22.3 million.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/270/tableOfContent + Details
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