Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 17 - Accumulated Other Comprehensive Income (Loss)

The following tables present details about components of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2025 and 2024, respectively:


	Foreign currency translation adjustments		Pension and other postretirement liability adjustments		Change in fair value of derivative financial instruments		Total
Balance at June 30, 2025	$	(134.1)	$	35.4	$	(1.5)	$	(100.2)

Other comprehensive (loss) income before reclassifications and income taxes	(16.0)		—		0.1		(15.9)
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes	—		(2.0)		0.7		(1.3)
Income tax (expense) benefit	(0.8)		0.5		(0.2)		(0.5)
Net current period other comprehensive (loss) income, net of income taxes	(16.8)		(1.5)		0.6		(17.7)
Noncontrolling interest	6.0		—		—		6.0
Net current period other comprehensive (loss) income, net of income taxes and noncontrolling interest	(10.8)		(1.5)		0.6		(11.7)
Balance at September 30, 2025	$	(144.9)	$	33.9	$	(0.9)	$	(111.9)


	Foreign currency translation adjustments		Pension and other postretirement liability adjustments		Change in fair value of derivative financial instruments		Total
Balance at December 31, 2024	$	(344.6)	$	38.7	$	4.2	$	(301.7)

Other comprehensive income (loss) before reclassifications and income taxes	172.1		(0.3)		(6.0)		165.8
Amounts reclassified from accumulated other comprehensive loss before income taxes	—		(6.0)		(1.2)		(7.2)
Income tax benefit	21.8		1.5		2.1		25.4
Net current period other comprehensive income (loss), net of income taxes	193.9		(4.8)		(5.1)		184.0
Noncontrolling interest	5.8		—		—		5.8
Net current period other comprehensive income (loss), net of income taxes, noncontrolling interest	199.7		(4.8)		(5.1)		189.8
Balance at September 30, 2025	$	(144.9)	$	33.9	$	(0.9)	$	(111.9)

Foreign currency translation adjustments at September 30, 2025 and December 31, 2024 included cumulative losses of $41.5 million and cumulative gains of $27.1 million, respectively, net of deferred taxes, related to net investment hedges. Refer to Note 19 - Derivative Instruments and Hedging Activities for additional information on the net investment hedges.

Note 17 - 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 Jun 30, 2024	$	(267.7)	$	41.7	$	2.5	$	(223.5)

Other comprehensive income (loss) before reclassifications and income taxes	78.7		(0.1)		(1.8)		76.8
Amounts reclassified from accumulated other comprehensive loss before income taxes	—		(2.1)		(0.4)		(2.5)
Income tax benefit	—		0.6		0.6		1.2
Net current period other comprehensive income (loss), net of income taxes	78.7		(1.6)		(1.6)		75.5
Noncontrolling interest	0.6		—		—		0.6
Net current period other comprehensive income (loss), net of income taxes and noncontrolling interest	79.3		(1.6)		(1.6)		76.1
Balance at September 30, 2024	$	(188.4)	$	40.1	$	0.9	$	(147.4)


	Foreign currency translation adjustments		Pension and other postretirement liability adjustments		Change in fair value of derivative financial instruments		Total
Balance at December 31, 2023	$	(193.8)	$	44.7	$	2.2	$	(146.9)
Sale of shares of Timken India Limited	5.6		—		—		5.6
Other comprehensive (loss) income before reclassifications and income taxes	(1.3)		(0.1)		0.6		(0.8)
Amounts reclassified from accumulated other comprehensive loss before income taxes	—		(6.0)		(2.2)		(8.2)
Income tax benefit	—		1.5		0.3		1.8
Net current period other comprehensive (loss) income, net of income taxes	(1.3)		(4.6)		(1.3)		(7.2)
Noncontrolling interest	1.1		—		—		1.1
Net current period other comprehensive income (loss), net of income taxes, noncontrolling interest and sale of shares of Timken India Limited	5.4		(4.6)		(1.3)		(0.5)
Balance at September 30, 2024	$	(188.4)	$	40.1	$	0.9	$	(147.4)

Other comprehensive (loss) income before reclassifications and income taxes includes the effect of foreign currency.