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v3.25.3

Equity | 9 Months Ended
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Sep. 30, 2025
Equity [Abstract] |
Equity | Note 13 - Equity The following tables present the changes in the components of equity for the three and nine months ended September 30, 2025 and 2024, respectively:
|  | The Timken Company Shareholders |
| Total | Stated Capital | Other Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Treasury Stock | Non controlling Interest
Balance at June 30, 2025 | $ | 3,272.8 |  | $ | 40.7 |  | $ | 1,284.2 |  | $ | 2,596.1 |  | $ | (100.2) |  | $ | (726.1) |  | $ | 178.1 |
Net income | 74.3 |  |  |  | 69.3 |  |  |  | 5.0 |
Foreign currency translation adjustment | (16.8) |  |  |  |  | (10.8) |  |  | (6.0) |
Pension and other postretirement liability adjustments (net of income tax benefit of $0.5 million) | (1.5) |  |  |  |  | (1.5) |  |  |
Change in fair value of derivative financial instruments, net of reclassifications | 0.6 |  |  |  |  | 0.6 |  |  |
Dividends declared to noncontrolling interest | (15.0) |  |  |  |  |  |  | (15.0) |
Dividends - $0.35 per share | (24.4) |  |  |  | (24.4) |  |  |  |
Stock-based compensation expense | 6.3 |  |  | 6.3 |  |  |  |  |
Stock option exercise activity | 0.6 |  |  | 0.6 |  |  |  |  |
Payments related to tax withholding for stock-based compensation | (0.1) |  |  |  |  |  | (0.1) |  |
Balance at September 30, 2025 | $ | 3,296.8 |  | $ | 40.7 |  | $ | 1,291.1 |  | $ | 2,641.0 |  | $ | (111.9) |  | $ | (726.2) |  | $ | 162.1 |
|  | The Timken Company Shareholders |
| Total | Stated Capital | Other Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Treasury Stock | Non controlling Interest
Balance at December 31, 2024 | $ | 2,984.1 |  | $ | 40.7 |  | $ | 1,269.3 |  | $ | 2,488.8 |  | $ | (301.7) |  | $ | (670.6) |  | $ | 157.6 |
Net income | 251.4 |  |  |  | 226.1 |  |  |  | 25.3 |
Foreign currency translation adjustment | 193.9 |  |  |  |  | 199.7 |  |  | (5.8) |
Pension and other postretirement liability adjustments (net of income tax benefit of $1.5 million) | (4.8) |  |  |  |  | (4.8) |  |  |
Change in fair value of derivative financial instruments, net of reclassifications | (5.1) |  |  |  |  | (5.1) |  |  |
Dividends - $1.04 per share | (73.9) |  |  |  | (73.9) |  |  |  |
Dividends declared to noncontrolling interest | (15.0) |  |  |  |  |  |  | (15.0) |
Stock-based compensation expense | 20.7 |  |  | 20.7 |  |  |  |  |
Stock purchased at fair market value | (45.7) |  |  |  |  |  | (45.7) |  |
Stock option exercise activity | 1.1 |  |  | 1.1 |  |  |  |  |
Payments related to tax withholding for stock-based compensation | (9.9) |  |  |  |  |  | (9.9) |  |
Balance at September 30, 2025 | $ | 3,296.8 |  | $ | 40.7 |  | $ | 1,291.1 |  | $ | 2,641.0 |  | $ | (111.9) |  | $ | (726.2) |  | $ | 162.1 |
Note 13 - Equity (continued)
|  | The Timken Company Shareholders |
| Total | Stated Capital | Other Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive (Loss) | Treasury Stock | Non- controlling Interest
Balance at June 30, 2024 | $ | 2,950.1 |  | $ | 40.7 |  | $ | 1,255.9 |  | $ | 2,383.5 |  | $ | (223.5) |  | $ | (659.8) |  | $ | 153.3 |
Net income | 87.6 |  |  |  | 81.8 |  |  |  | 5.8 |
Foreign currency translation adjustment | 78.7 |  |  |  |  | 79.3 |  |  | (0.6) |
Pension and other postretirement liability adjustments (net of income tax benefit of $0.6 million) | (1.6) |  |  |  |  | (1.6) |  |  |
Change in fair value of derivative financial instruments, net of reclassifications | (1.6) |  |  |  |  | (1.6) |  |  |
Dividends declared to noncontrolling interest | (1.1) |  |  |  |  |  |  | (1.1) |
Dividends - $0.34 per share | (23.8) |  |  |  | (23.8) |  |  |  |
Sale of shares of Timken India Limited | (1.2) |  |  | (1.2) |  |  |  |  |
Stock-based compensation expense | 5.2 |  |  | 5.2 |  |  |  |  |
Stock purchased at fair market value | (1.7) |  |  |  |  |  | (1.7) |  |
Stock option exercise activity | 0.1 |  |  | 0.1 |  |  |  |  |
Balance at September 30, 2024 | $ | 3,090.7 |  | $ | 40.7 |  | $ | 1,260.0 |  | $ | 2,441.5 |  | $ | (147.4) |  | $ | (661.5) |  | $ | 157.4 |
|  | The Timken Company Shareholders |
| Total | Stated Capital | Other Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Treasury Stock | Non controlling Interest
Balance at December 31, 2023 | $ | 2,702.4 |  | $ | 40.7 |  | $ | 1,076.5 |  | $ | 2,232.2 |  | $ | (146.9) |  | $ | (620.1) |  | $ | 120.0 |
Net income | 300.2 |  |  |  | 281.5 |  |  |  | 18.7 |
Foreign currency translation adjustment | (1.3) |  |  |  |  | (0.2) |  |  | (1.1) |
Pension and other postretirement liability adjustments (net of income tax benefit of $1.5 million) | (4.6) |  |  |  |  | (4.6) |  |  |
Change in fair value of derivative financial instruments, net of reclassifications | (1.3) |  |  |  |  | (1.3) |  |  |
Dividends declared to noncontrolling interest | (1.1) |  |  |  |  |  |  | (1.1) |
Dividends - $1.01 per share | (72.2) |  |  |  | (72.2) |  |  |  |
Sale of shares of Timken India Limited | 186.8 |  |  | 161.3 |  |  | 5.6 |  |  | 19.9 |
Noncontrolling interest acquired | 1.0 |  |  |  |  |  |  | 1.0 |
Stock-based compensation expense | 16.7 |  |  | 16.7 |  |  |  |  |
Stock purchased at fair market value | (31.4) |  |  |  |  |  | (31.4) |  |
Stock option exercise activity | 5.5 |  |  | 5.5 |  |  |  |  |
Payments related to tax withholding for stock-based compensation | (10.0) |  |  |  |  |  | (10.0) |  |
Balance at September 30, 2024 | $ | 3,090.7 |  | $ | 40.7 |  | $ | 1,260.0 |  | $ | 2,441.5 |  | $ | (147.4) |  | $ | (661.5) |  | $ | 157.4 |
On May 28, 2024, the Company completed the sale of 5.0 million shares of TIL, generating net proceeds of $187 million after income taxes of $45 million and transaction costs. The sale reduced the Company’s ownership in TIL from 57.70 percent to 51.05 percent. The India market remains strategically important to Timken, and the Company is not planning on any further sale transactions.

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