The Timken Company (TKR) 10-Q 31 Oct 19 2019 Q3 Quarterly report Financial data

Cover Document

Cover Document	9 Months Ended
	Sep. 30, 2019shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity File Number	1-1169
Entity Registrant Name	TIMKEN CO
Entity Central Index Key	0000098362
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-0577130
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	75,324,189
Entity Address, Address Line One	4500 Mount Pleasant Street NW
Entity Address, City or Town	North Canton
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44720-5450
City Area Code	234
Local Phone Number	262.3000
Title of 12(b) Security	Common Shares, without par value
Trading Symbol	TKR
Security Exchange Name	NYSE

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	$ (14.4)	$ (3.2)	$ (14.1)	$ 2.5
Revenue from Contract with Customer, Excluding Assessed Tax	914	881.3	2,893.7	2,670.7
Cost of Goods and Services Sold	636.5	628	2,007.9	1,885.1
Gross Profit	277.5	253.3	885.8	785.6
Selling, general and administrative expenses	148	142	459.4	432.4
Impairment and restructuring charges	1.6	2.6	3.5	3.1
Operating Income (Loss)	127.9	108.7	422.9	350.1
Interest expense	(18.2)	(12.5)	(55.5)	(33.2)
Investment Income, Interest	1.1	0.6	3.5	1.5
Other (expense) income, net	5.8	3.7	10.5	7.3
Income (Loss) Before Income Taxes	102.2	97.3	367.3	328.2
Provision (benefit) for income taxes	35.5	25	110.4	83.5
Net Income	66.7	72.3	256.9	244.7
Net (loss) income attributable to noncontrolling interest	2.5	0.7		1.9
Net Income (loss) attributable to The Timken Company	$ 64.2	$ 71.6	$ 248.6	$ 242.8

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 66.7	$ 72.3	$ 256.9	$ 244.7
Other comprehensive income, net of tax:
Foreign currency translation adjustments	(63)	(24.3)	(62.1)	(62.5)
Pension and postretirement liability adjustment (net of the income tax benefit of $1.5 million)	76.7	0	76.6	0
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	1.9	(0.4)	0.5	4
Other comprehensive income	15.6	(24.7)	15	(58.5)
Comprehensive Income	82.3	47.6	271.9	186.2
Less: comprehensive (loss) income attributable to noncontrolling interest	0.7	(5.1)	8.1	(6.8)
Comprehensive Income attributable to The Timken Company	$ 81.6	$ 52.7	$ 263.8	$ 193

Consolidated Balance Sheets

Consolidated Balance Sheets $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Current Assets
Cash and cash equivalents	$ 181.4	$ 181.4	$ 132.5
Restricted cash	0.5	0.5	0.6
Accounts receivable, less allowances (2019 – $19.7 million; 2018 – $21.9 million)	548.3	548.3	546.6
Unbilled Receivables, Asset, Net	151.6	151.6	116.6
Inventories, net	805.3	805.3	835.7
Net Income (Loss) Attributable to Parent	64.2	248.6
Deferred charges and prepaid expenses	30.1	30.1	28.2
Other current assets	90.2	90.2	77
Total Current Assets	1,807.4	1,807.4	1,737.2
Property, Plant and Equipment, net	906.8	906.8	912.1
Operating Lease, Right-of-Use Asset	115	115	0
Other Assets
Goodwill	954.7	954.7	960.5
Other intangible assets	702.8	702.8	733.2
Non-current pension assets	11.8	11.8	6.2
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position	23.5	23.5	0
Deferred income taxes	27.3	27.3	59
Other Assets, Noncurrent	16	16	37
Total Other Assets	1,736.1	1,736.1	1,795.9
Total Assets	4,565.3	4,565.3	4,445.2
Current Liabilities
Short-term debt	34.8	34.8	33.6
Current portion of long-term debt	61.8	61.8	9.4
Operating Lease, Liability, Current	28	28	0
Accounts payable, trade	265.2	265.2	273.2
Salaries, wages and benefits	116.9	116.9	174.9
Income taxes payable	23.2	23.2	23.5
Other current liabilities	174.7	174.7	171
Total Current Liabilities	704.6	704.6	685.6
Non-Current Liabilities
Long-term debt	1,553.5	1,553.5	1,638.6
Accrued pension cost	167.8	167.8	161.3
Accrued postretirement benefits cost	36.9	36.9	108.7
Operating Lease, Liability, Noncurrent	72.3	72.3	0
Deferred income taxes	131.7	131.7	138
Other non-current liabilities	81	81	70.3
Total Non-Current Liabilities	2,043.2	2,043.2	2,116.9
Shareholders' Equity
Class I and II Serial Preferred Stock, without par value: Authorized – 10,000,000 shares each class, none issued	0	0	0
Common Stock, Value, Outstanding	53.1	53.1	53.1
Other paid-in capital	945.5	945.5	951.9
Earnings invested in the business	1,815	1,815	1,630.2
Accumulated other comprehensive loss	(80.1)	(80.1)	(95.3)
Treasury shares at cost (2018 - 19,152,333 shares; 2017 - 20,672,133 shares)	988.7	988.7	960.3
Total Shareholders' Equity	1,744.8	1,744.8	1,579.6
Noncontrolling Interest	72.7	72.7	63.1
Total Equity	1,817.5	1,817.5	1,642.7
Total Liabilities and Shareholders' Equity	$ 4,565.3	$ 4,565.3	$ 4,445.2

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ / shares in Millions, $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Allowances for accounts receivable	$ 17.8	$ 21.9
Preferred stock, no par value (Class I & Class II Preferred stock)	$ 0	$ 0
Preferred stock, shares issued (Class I & Class II Preferred stock)	0	0
Common shares, no par value	$ 0	$ 0
Company common shares shares authorized	200,000,000	200,000,000
Common shares, shares issued	98,375,135	98,375,135
Treasury shares	23,050,946	22,421,213
Preferred Class A [Member]
Preferred stock, shares authorized (Class I & Class II Preferred stock)	10,000,000	10,000,000
Preferred Class B [Member]
Preferred stock, shares authorized (Class I & Class II Preferred stock)	10,000,000	10,000,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Net income	$ 256.9	$ 244.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	120.4	105.9
Impairment charges	0.8	0.6
Loss on sale of assets	(1)	0.2
City Area Code	(0.4)	0
Deferred income tax provision	1.7	2.2
Stock-based compensation expense	20.7	25.5
Pension and other postretirement expense	23.2	8.5
Pension contributions and other postretirement benefit payments	37.1	12.4
Operating Lease, Expense	27.7	0
Operating Lease, Payments	(26.8)	0
Changes in operating assets and liabilities:
Accounts receivable	(6.4)	(65.7)
Increase (Decrease) in Unbilled Receivables	(35)	(37.6)
Inventories	37.8	(94.3)
Accounts payable, trade	7.4	9.9
Other accrued expenses	28.7	(10.2)
Income taxes	(9)	0.5
Other, net	(0.6)	17
Net Cash Provided by Operating Activities	354.8	195
Investing Activities
Capital expenditures	82.9	62.8
Acquisitions, net of cash received	82.7	765.4
Proceeds from divestitures	0	14
Other	3.4	3.9
Net Cash Used by Investing Activities	(162.2)	(810.3)
Financing Activities
Cash dividends paid to shareholders	(63.8)	(64.2)
Purchase of treasury shares	(56.1)	(63)
Assets for Plan Benefits, Defined Benefit Plan	9.9	12.7
Payment, Tax Withholding, Share-based Payment Arrangement	9.3	5.4
Proceeds from Accounts Receivable Securitization	25	145.2
Repayments of Accounts Receivable Securitization	0	114.9
Proceeds from Issuance of Long-term Debt	451	1,286.1
Payments on long-term debt	(481.7)	(533.1)
Payments of Financing Costs	1.9	0.9
Short-term debt activity, net	(10.2)	(3.9)
Proceeds from (Payments for) Other Financing Activities	(0.3)	(1.3)
Net Cash Used by Financing Activities	(137.4)	657.3
Effect of exchange rate changes on cash	(6.4)	(12.4)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	48.8	29.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	181.9	155
Gain (Loss) on Disposition of Business	$ 0	$ 0.6

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 - Basis of Presentation The accompanying Consolidated Financial Statements (unaudited) for The Timken Company (the "Company") have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and notes required by the accounting principles generally accepted in the United States ("U.S. GAAP") for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) and disclosures considered necessary for a fair presentation have been included. For further information, refer to the Consolidated Financial Statements and accompanying Notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Description of New Adopted Accounting Pronouncements	Recent Accounting Pronouncements: New Accounting Guidance Adopted: In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 was issued to increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about lease arrangements. The Company adopted the new leasing standard on January 1, 2019 using the cumulative-effect adjustment transition method. The Company also elected several practical expedients to not asses the following as part of adoption: (1) whether any expired or existing contracts contain leases; (2) the lease classification between finance and operating leases for any expired or existing leases; and (3) the recognition of initial direct costs for existing leases. The Company also elected to not recognize leases with a term of 12 months or less on the Consolidated Balance Sheets. The adoption of the lease standard had no impact to the Company's consolidated results of operations or the captions on the consolidated statements of cash flows. The cumulative effect of the changes made to the balance sheet as of January 1, 2019 for the adoption of the new lease standard was as follows: Balance at December 31, 2018 Effect of Accounting Change Balance at January 1, 2019 Operating lease assets $ — $ 114.1 $ 114.1 Other intangible assets 733.2 0.7 733.9 Other non-current assets (1) 37.0 (15.3 ) 21.7 Total Assets 4,445.2 99.5 4,544.7 Short-term operating lease liability — 29.8 29.8 Long-term operating lease liability — 69.7 69.7 Total Liabilities $ 2,802.5 $ 99.5 $ 2,902.0 (1) Due to the adoption of the new leasing standard, the Company recognized operating lease assets and corresponding operating lease liabilities on the Consolidated Balance Sheet. In conjunction with the adoption of the new leasing standard, the Company reclassified $15.3 million of lease assets related to purchase accounting adjustments from the ABC Bearings Limited ("ABC Bearings") acquisition from Other assets to Operating lease assets. These assets do not have material corresponding lease liabilities. The Company determines if any arrangement is a lease at the inception of a contract. For leases where the Company is the lessee, it recognizes lease assets and related lease liabilities at the lease commencement date based on the present value of lease payments over the lease term. Most of the Company’s leases do not provide an implicit interest rate. As a result, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The lease assets also consist of amounts for favorable or unfavorable lease terms related to acquisitions. Lease expense for operating leases is recognized on a straight-line basis over the lease term as an operating expense while the expense for finance leases is recognized as depreciation expense and interest expense using the accelerated interest method of recognition. A lease asset and lease liability are not recorded for leases with an initial term of less than 12 months or less and the lease expenses related to these leases is recognized as incurred over the lease term. In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities", which impacts both designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. ASU 2017-12 amends and clarifies the requirements to qualify for hedge accounting, removes the requirement to recognize changes in fair value from certain hedges in current earnings, and specifies the presentation of changes in fair value in the income statement for all hedging instruments. ASU 2017-12 is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company adopted ASU 2017-12 effective January 1, 2019, and the impact of adoption was not material to the Company's results of operations and financial condition. New Accounting Guidance Issued and Not Yet Adopted:
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	Note 2 - Significant Accounting Policies The Company's significant accounting policies are detailed in "Note 1 - Significant Accounting Policies" of the Annual Report on Form 10-K for the year ended December 31, 2018. In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-02, "Leases (Topic 842)", which was adopted by the Company on January 1, 2019. In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities", which was adopted by the Company on January 1, 2019. Updates to the Company's accounting policies as a result of adopting ASU 2016-02 and ASU 2017-12 are discussed below. Recent Accounting Pronouncements: New Accounting Guidance Adopted: In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 was issued to increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about lease arrangements. The Company adopted the new leasing standard on January 1, 2019 using the cumulative-effect adjustment transition method. The Company also elected several practical expedients to not asses the following as part of adoption: (1) whether any expired or existing contracts contain leases; (2) the lease classification between finance and operating leases for any expired or existing leases; and (3) the recognition of initial direct costs for existing leases. The Company also elected to not recognize leases with a term of 12 months or less on the Consolidated Balance Sheets. The adoption of the lease standard had no impact to the Company's consolidated results of operations or the captions on the consolidated statements of cash flows. The cumulative effect of the changes made to the balance sheet as of January 1, 2019 for the adoption of the new lease standard was as follows: Balance at December 31, 2018 Effect of Accounting Change Balance at January 1, 2019 Operating lease assets $ — $ 114.1 $ 114.1 Other intangible assets 733.2 0.7 733.9 Other non-current assets (1) 37.0 (15.3 ) 21.7 Total Assets 4,445.2 99.5 4,544.7 Short-term operating lease liability — 29.8 29.8 Long-term operating lease liability — 69.7 69.7 Total Liabilities $ 2,802.5 $ 99.5 $ 2,902.0 (1) Due to the adoption of the new leasing standard, the Company recognized operating lease assets and corresponding operating lease liabilities on the Consolidated Balance Sheet. In conjunction with the adoption of the new leasing standard, the Company reclassified $15.3 million of lease assets related to purchase accounting adjustments from the ABC Bearings Limited ("ABC Bearings") acquisition from Other assets to Operating lease assets. These assets do not have material corresponding lease liabilities. The Company determines if any arrangement is a lease at the inception of a contract. For leases where the Company is the lessee, it recognizes lease assets and related lease liabilities at the lease commencement date based on the present value of lease payments over the lease term. Most of the Company’s leases do not provide an implicit interest rate. As a result, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The lease assets also consist of amounts for favorable or unfavorable lease terms related to acquisitions. Lease expense for operating leases is recognized on a straight-line basis over the lease term as an operating expense while the expense for finance leases is recognized as depreciation expense and interest expense using the accelerated interest method of recognition. A lease asset and lease liability are not recorded for leases with an initial term of less than 12 months or less and the lease expenses related to these leases is recognized as incurred over the lease term. In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities", which impacts both designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. ASU 2017-12 amends and clarifies the requirements to qualify for hedge accounting, removes the requirement to recognize changes in fair value from certain hedges in current earnings, and specifies the presentation of changes in fair value in the income statement for all hedging instruments. ASU 2017-12 is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company adopted ASU 2017-12 effective January 1, 2019, and the impact of adoption was not material to the Company's results of operations and financial condition. New Accounting Guidance Issued and Not Yet Adopted: In June 2016, the FASB issued ASU 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." ASU 2016-13 changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The new guidance will replace the current incurred loss approach with an expected loss model. The new expected credit loss impairment model will apply to most financial assets measured at amortized cost and certain other instruments, including trade and other receivables, loans, held-to-maturity debt instruments, net investments in leases, loan commitments and standby letters of credit. Upon initial recognition of the exposure, the expected credit loss model requires entities to estimate the credit losses expected over the life of an exposure (or pool of exposures). The estimate of expected credit losses should consider historical information, current information and reasonable and supportable forecasts, including estimates of prepayments. Financial instruments with similar risk characteristics should be grouped together when estimating expected credit losses. ASU 2016-13 does not prescribe a specific method to make the estimate, so its application will require significant judgment. ASU 2016-13 is effective for public companies in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is continuing to advance its analysis and evaluating the effect that the adoption of ASU 2016-13 will have on the Company's results of operations and financial condition.

Acquisitions (Notes)

Acquisitions (Notes)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Note 3 - Acquisitions On April 1, 2019 , the Company completed the acquisition of The Diamond Chain Company ("Diamond Chain"), a leading supplier of high-performance roller chains for industrial markets. Diamond Chain serves a diverse range of market sectors, including industrial distribution, material handling, food and beverage, agriculture, construction and other process industries. Diamond Chain, located in Indianapolis, Indiana, operates primarily in the United States and China and had sales of approximately $60 million for the twelve months ended March 31, 2019. The purchase price for this acquisition was $84.6 million , excluding $1.9 million for cash acquired. During the nine months ended September 30, 2019 , the Company incurred acquisition-related costs of $1.4 million to complete this acquisition. Based on markets and customers served, the results for Diamond Chain are reported in the Process Industries segment. The following table presents the preliminary purchase price allocation at fair value, net of cash acquired, for the Diamond Chain acquisition: Purchase Price Allocation Assets: Accounts receivable, net $ 6.7 Inventories, net 23.6 Other current assets 2.4 Property, plant and equipment, net 17.2 Operating lease assets 2.8 Goodwill 18.6 Other intangible assets 28.1 Other non-current assets 0.5 Total assets acquired $ 99.9 Liabilities: Accounts payable, trade $ 5.7 Other current liabilities 4.8 Long-term operating lease liabilities 2.1 Other non-current liabilities 0.9 Total liabilities assumed $ 13.5 Noncontrolling interest acquired 1.8 Net assets and noncontrolling interest acquired $ 84.6 The following table summarizes the preliminary purchase price allocation for intangible assets acquired in 2019 : Purchase Weighted - Trade names (indefinite life) $ 12.3 Indefinite Technology and know-how 5.2 14 years Customer relationships 10.6 17 years Total intangible assets $ 28.1 The above preliminary purchase price allocation for Diamond Chain, including the residual amount allocated to goodwill, is based on preliminary information and is subject to change as additional information concerning final asset and liability valuations is obtained. This purchase price allocation is preliminary as a result of the continued evaluation of working capital accounts and contingent liabilities, as well as the finalization of the Company's review pertaining to a limited set of valuation calculations and inputs. The primary areas of the Diamond Chain preliminary purchase price allocation that have not been finalized relate to the fair value of net property, plant, and equipment and other intangible assets, and the related impacts on deferred income taxes and goodwill. During the applicable measurement period, the Company will adjust assets and liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in revised estimated values of those assets or liabilities as of that date. The effect of measurement period adjustments to the estimated fair values will be reflected as if the adjustments had been completed on the acquisition date. Note 3 - Acquisitions (continued) During 2018, the Company completed three acquisitions. On September 18, 2018 , the Company completed the acquisition of Rollon S.p.A. ("Rollon"), a leader in engineered linear motion products, specializing in the design and manufacture of linear guides, telescopic rails and linear actuators used in a wide range of industries such as passenger rail, aerospace, packaging and logistics, medical and automation. On September 1, 2018 , the Company completed the acquisition of Apiary Investments Holdings Limited ("Cone Drive"), a leader in precision drives used in diverse markets including solar, automation, aerial platforms, and food and beverage. On August 30, 2018 , the Company's majority-owned subsidiary, Timken India Limited ("Timken India"), completed the acquisition of ABC Bearings. Timken India issued its shares as consideration for the acquisition of ABC Bearings. ABC Bearings is a manufacturer of tapered, cylindrical and spherical roller bearings and slewing rings in India. Hereafter, the ABC Bearings, Cone Drive, and Rollon acquisitions will be referred to collectively as the "2018 Acquisitions". In January 2019, the Company paid a working capital adjustment of $2.9 million in connection with the Cone Drive acquisition, which was accrued and reflected in the purchase price in 2018. In May 2019, the Company received a $4.8 million payment from escrow related to an indemnification settlement for the Cone Drive acquisition, which is reflected as a purchase price adjustment. This adjustment, as well as other measurement period adjustments recorded in 2019, resulted in a $1.8 million increase to goodwill. The following table presents the purchase price allocation at fair value, net of cash acquired, for the 2018 Acquisitions: Initial Purchase Adjustments Purchase Price Allocation Assets: Accounts receivable, net $ 42.5 $ 42.5 Inventories, net 61.6 (0.1 ) 61.5 Other current assets 8.5 1.0 9.5 Property, plant and equipment, net 71.7 (6.3 ) 65.4 Goodwill 468.2 1.8 470.0 Other intangible assets 372.6 2.8 375.4 Other non-current assets 20.2 (4.1 ) 16.1 Total assets acquired $ 1,045.3 $ (4.9 ) $ 1,040.4 Liabilities: Accounts payable, trade $ 35.2 $ 35.2 Salaries, wages and benefits 9.1 9.1 Income taxes payable 2.5 0.4 2.9 Other current liabilities 8.2 0.2 8.4 Short-term debt 2.5 (0.6 ) 1.9 Long-term debt 3.0 (2.9 ) 0.1 Accrued pension benefits 5.7 5.7 Accrued postretirement benefits 11.7 11.7 Deferred income taxes 116.2 (0.6 ) 115.6 Other non-current liabilities 16.9 3.4 20.3 Total liabilities assumed $ 211.0 $ (0.1 ) $ 210.9 Net assets acquired $ 834.3 $ (4.8 ) $ 829.5 In determining the fair value of the amounts above, the Company utilized various forms of the income, cost and market approaches depending on the asset or liability being valued. The estimation of fair value required significant judgment related to future net cash flows, discount rates, competitive trends, market comparisons and other factors. Inputs were generally determined by taking into account independent appraisals and historical data, supplemented by current and anticipated market conditions. Note 3 - Acquisitions (continued) On September 16, 2019 , the Company announced it had reached an agreement to acquire BEKA Lubrication ("BEKA"), a leading global supplier of automatic lubrication systems, for approximately $165 million . With expected 2019 annual sales of approximately $135 million , BEKA serves a diverse range of industrial sectors, including wind, food and beverage, rail, on- and off-highway and other process industries. Headquartered in Pegnitz, Germany, BEKA has manufacturing and research and development based in Germany, and assembly facilities and sales offices around the world. This transaction is subject to customary closing conditions and is expected to close during the fourth quarter of this year.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Note 4 - Inventories The components of inventories at September 30, 2019 and December 31, 2018 were as follows: September 30, December 31, Manufacturing supplies $ 31.9 $ 32.4 Raw materials 102.4 102.4 Work in process 289.0 287.7 Finished products 426.5 452.7 Subtotal 849.8 875.2 Allowance for obsolete and surplus inventory (44.5 ) (39.5 ) Total Inventories, net $ 805.3 $ 835.7 Inventories are valued at net realizable value, with approximately 56% valued on the first-in, first-out ("FIFO") method and the remaining 44% valued on the last-in, first-out ("LIFO") method. The majority of the Company's domestic inventories are valued on the LIFO method and all of the Company's international inventories are valued on the FIFO method. The LIFO reserve at September 30, 2019 and December 31, 2018 was $173.3 million and $173.9 million , respectively. An actual valuation of the inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must be based on management’s estimates of expected year-end inventory levels and costs. Because these calculations are subject to many factors beyond management’s control, annual results may differ from interim results as they are subject to the final year-end LIFO inventory valuation.

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#000000;font-style:italic;text-decoration:none;">Note - Property, Plant and Equipment</font><font style="font-family:Arial;font-size:10pt;font-style:italic;"> </font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The components of property, plant and equipment at </font><font style="font-family:Arial;font-size:10pt;">September 30, 2019</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2018</font><font style="font-family:Arial;font-size:10pt;"> were as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:72%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">September 30, <br clear="none"/>2019</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">December 31, <br clear="none"/>2018</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Land and buildings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">474.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">484.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Machinery and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2,038.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,002.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Subtotal</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2,512.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,486.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Accumulated depreciation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1,606.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(1,574.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Property, plant and equipment, net</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">906.8</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">912.1</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total depreciation expense for the </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">nine</font><font style="font-family:Arial;font-size:10pt;"> months ended </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2019</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2018</font><font style="font-family:Arial;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$99.2 million</font><font style="font-family:Arial;font-size:10pt;">, respectively.</font></div></div>

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 5 - Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill for the nine months ended September 30, 2019 were as follows: Mobile Industries Process Industries Total Beginning balance $ 349.7 $ 610.8 $ 960.5 Acquisitions 0.7 19.7 20.4 Foreign currency translation adjustments and other changes (10.9 ) (15.3 ) (26.2 ) Ending balance $ 339.5 $ 615.2 $ 954.7 The $20.4 million addition of goodwill from acquisitions includes $18.6 million of goodwill recognized in the Process Industries segment for the Diamond Chain acquisition, as well as certain measurement period adjustments recorded in 2019 related to the 2018 Acquisitions. The following table displays intangible assets as of September 30, 2019 and December 31, 2018 : Balance at September 30, 2019 Balance at December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets subject to amortization: Customer relationships $ 481.7 $ 120.6 $ 361.1 $ 481.5 $ 99.8 $ 381.7 Technology and know-how 244.9 50.7 194.2 245.0 40.4 204.6 Trade names 11.9 5.6 6.3 11.3 4.8 6.5 Capitalized software 268.6 243.6 25.0 266.4 236.5 29.9 Other 41.1 37.2 3.9 40.8 35.2 5.6 $ 1,048.2 $ 457.7 $ 590.5 $ 1,045.0 $ 416.7 $ 628.3 Intangible assets not subject to amortization: Trade names $ 103.6 $ 103.6 $ 96.2 $ 96.2 FAA air agency certificates 8.7 8.7 8.7 8.7 $ 112.3 $ 112.3 $ 104.9 $ 104.9 Total intangible assets $ 1,160.5 $ 457.7 $ 702.8 $ 1,149.9 $ 416.7 $ 733.2 Amortization expense for intangible assets was $43.3 million and $32.4 million for the nine months ended September 30, 2019 and 2018 , respectively. Amortization expense for intangible assets is projected to be $55.8 million in 2019 ; $52.2 million in 2020 ; $48.3 million in 2021 ; $43.7 million in 2022 ; and $40.8 million in 2023 .

Leases (Notes)

Leases (Notes)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lessee, Operating Leases [Text Block]	Note 6 - Leasing The Company enters into operating and finance leases for manufacturing facilities, warehouses, sales offices, information technology equipment, plant equipment, vehicles and certain other equipment. Lease expense for the three and nine months ended September 30, 2019 was as follows: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 Operating lease expense $ 9.0 $ 27.7 Amortization of right-of-use assets on finance leases 0.3 0.9 Total lease expense $ 9.3 $ 28.6 The following tables present the impact of leasing on the Consolidated Balance Sheet. Operating Leases September 30, 2019 Lease assets: Operating lease assets $ 115.0 Lease liabilities: Short-term operating lease liabilities $ 28.0 Long-term operating lease liabilities 72.3 Total operating lease liabilities $ 100.3 Finance Leases September 30, 2019 Lease assets: Property, plant and equipment, net $ 3.6 Lease liabilities: Current portion of long-term debt $ 0.3 Long-term debt 2.5 Total finance lease liabilities $ 2.8 Future minimum lease payments under non-cancellable leases at September 30, 2019 were as follows: Operating Leases Finance Leases Year Ending December 31, 2019 $ 8.5 $ 0.3 2020 29.3 0.9 2021 20.5 0.9 2022 15.0 0.7 2023 11.2 0.2 Thereafter 26.6 — Total future minimum lease payments 111.1 3.0 Less: imputed interest (10.8 ) (0.2 ) Total $ 100.3 $ 2.8 The following tables present other information related to leases: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9.1 $ 26.8 Financing cash flows from finance leases 0.2 1.3 Lease assets added in the period: Operating leases $ 14.6 $ 54.0 Finance leases 0.3 1.1 September 30, 2019 Weighted-average remaining lease term: Operating leases 5.4 years Finance leases 3.4 years Weighted-average discount rate: Operating leases 3.90 % Finance leases 2.70 %

Contingencies (Notes)

Contingencies (Notes)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 8 - Contingencies The Company and certain of its subsidiaries have been identified as potentially responsible parties for investigation and remediation under the Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA"), known as the Superfund, or similar state laws with respect to certain sites. Claims for investigation and remediation have been asserted against numerous other entities, which are believed to be financially solvent and are expected to fulfill their proportionate share of the obligation. On December 28, 2004, the United States Environmental Protection Agency (“USEPA”) sent Lovejoy, Inc. ("Lovejoy") a Special Notice Letter that identified Lovejoy as a potentially responsible party, together with at least 14 other companies, at the Ellsworth Industrial Park Site, Downers Grove, DuPage County, Illinois (the “Site”). The Company acquired Lovejoy in 2016. Lovejoy’s Downers Grove property is situated within the Ellsworth Industrial Complex. The USEPA and the Illinois Environmental Protection Agency (“IEPA”) allege there have been one or more releases or threatened releases of hazardous substances, allegedly including, but not limited to, a release or threatened release on or from Lovejoy's property, at the Site. The relief sought by the USEPA and IEPA includes further investigation and potential remediation of the Site and reimbursement of response costs. Lovejoy’s allocated share of past and future costs related to the Site, including for investigation and/or remediation, could be significant. All previously pending property damage and personal injury lawsuits against Lovejoy related to the Site have been settled or dismissed. The Company had total environmental accruals of $5.3 million and $ 5.5 million for various known environmental matters that are probable and reasonably estimable at September 30, 2019 and December 31, 2018 , respectively, which includes the Lovejoy matter discussed above. These accruals were recorded based upon the best estimate of costs to be incurred in light of the progress made in determining the magnitude of remediation costs, the timing and extent of remedial actions required by governmental authorities and the amount of the Company’s liability in proportion to other responsible parties. In October 2014, the Brazilian government antitrust agency, Administrative Council for Economic Defense, or CADE, announced that it had opened an investigation of alleged antitrust violations in the bearing industry. The Company’s Brazilian subsidiary, Timken do Brasil Comercial Importadora Ltda. ("Timken do Brasil"), was included in the investigation. In May 2019 , the investigation division of CADE issued a report on the alleged antitrust violations and recommended that Timken do Brasil, among others, be found to have violated certain provisions of the Brazil Competition Law. The case has now moved to the tribunal level of CADE. The Company is continuing to advance its interests in this case. Based on management's evaluation of the findings contained in the CADE investigation report, the Company recorded expense in the second quarter of 2019 to establish a liability that represents management’s best estimate of the probable loss. While no assurance can be given as to the ultimate outcome of this case, the Company does not believe that the final resolution will have a material effect on the Company's consolidated financial position or liquidity, however, the effect of any such future outcome may be material to the results of operations of any particular period in which costs in excess of amounts provided, if any, are recognized. The Company is a defendant in a 2017 lawsuit filed in the U.S. by a former employee asserting workplace-related negligence by the Company's medical personnel. The Company’s defense is ongoing and, while the incurrence of a liability is not considered probable at this point, management believes the low end of the range of the reasonably possible outcomes would be immaterial to the Company. In addition, the Company is subject to various other lawsuits, claims and proceedings, which arise in the ordinary course of its business. The Company accrues costs associated with legal and non-income tax matters when they become probable and reasonably estimable. Accruals are established based on the estimated undiscounted cash flows to settle the obligations and are not reduced by any potential recoveries from insurance or other indemnification claims. Management believes that any ultimate liability with respect to these actions, in excess of amounts provided, will not materially affect the Company’s Consolidated Financial Statements. Product Warranties: In addition to the contingencies above, the Company provides limited warranties on certain of its products. The product warranty liability included in "Other current liabilities" on the Consolidated Balance Sheets was $5.6 million and $7.1 million at September 30, 2019 and December 31, 2018 , respectively. The Company continues to evaluate claims raised by certain customers with respect to the performance of bearings sold into the wind energy sector. Management believes that the outcome of these claims will not have a material effect on the Company’s consolidated financial position; however, the effect of any such outcome may be material to the results of operations of any particular period in which costs in excess of amounts provided, if any, are recognized.

Financing Arrangements

Financing Arrangements	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Financing Arrangements	Short-term debt at September 30, 2019 and December 31, 2018 was as follows: September 30, December 31, Variable-rate Accounts Receivable Facility with an interest rate of 3.09% at September 30, 2019 $ 12.8 $ — Borrowings under variable-rate lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 0.23% to 2.28% at September 30, 2019 and 0.29% to 1.00% at December 31, 2018 22.0 33.6 Short-term debt $ 34.8 $ 33.6 The lines of credit for certain of the Company’s foreign subsidiaries provide for short-term borrowings up to $261.9 million in the aggregate. Most of these lines of credit are uncommitted. At September 30, 2019 , the Company’s foreign subsidiaries had borrowings outstanding of $22.0 million and bank guarantees of $0.3 million , which reduced the aggregate availability under these facilities to $239.6 million . Long-term debt at September 30, 2019 and December 31, 2018 was as follows: September 30, December 31, Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 3.26% and Euro of 1.00% at September 30, 2019 and 3.40% and 1.10%, respectively, at December 31, 2018 $ 69.3 $ 43.9 Variable-rate Euro Term Loan (1) , maturing on September 18, 2020, with an interest rate of 1.13% at September 30, 2019 and December 31, 2018 52.8 107.1 Variable-rate Accounts Receivable Facility, with an interest rate of 3.09% at September 30, 2019 and 3.22% at December 31, 2018 87.2 75.0 Variable-rate Term Loan (1) , maturing on September 11, 2023, with an interest rate of 3.17% at September 30, 2019 and 3.77% at December 31, 2018 340.7 347.1 Fixed-rate Senior Unsecured Notes (1) , maturing on September 1, 2024, with an interest rate of 3.875% 348.3 347.7 Fixed-rate Euro Senior Unsecured Notes (1) , maturing on September 7, 2027, with an interest rate of 2.02% 163.0 171.4 Fixed-rate Senior Unsecured Notes (1) , maturing on December 15, 2028, with an interest rate of 4.50% 396.1 395.8 Fixed-rate Medium-Term Notes, Series A (1) , maturing at various dates through May 2028, with interest rates ranging from 6.74% to 7.76% 154.6 154.6 Other 3.3 5.4 1,615.3 1,648.0 Less: Current maturities 61.8 9.4 Long-term debt $ 1,553.5 $ 1,638.6 (1) Net of discounts and fees The Company has a $100 million Amended and Restated Asset Securitization Agreement (the "Accounts Receivable Facility"), which matures on November 30, 2021 . Under the terms of the Accounts Receivable Facility, the Company sells, on an ongoing basis, certain domestic trade receivables to Timken Receivables Corporation, a wholly-owned consolidated subsidiary that, in turn, uses the trade receivables to secure borrowings that are funded through a vehicle that issues commercial paper in the short-term market. Borrowings under the Accounts Receivable Facility may be limited by certain borrowing base limitations; however, availability under the Accounts Receivable Facility was not reduced by any such borrowing base limitations at September 30, 2019 . As of September 30, 2019 , there were outstanding borrowings of $100.0 million under the Accounts Receivable Facility, which reduced the availability under this facility to zero . $12.8 million of the outstanding borrowings under the Accounts Receivable Facility was classified as short-term and reflects the Company's expectations over the next 12 months relative to the minimum borrowing base. The cost of this facility, which is the prevailing commercial paper rate plus facility fees, is considered a financing cost and is included in "Interest expense" in the Consolidated Statements of Income. On June 25, 2019 , the Company entered into a Fourth Amended and Restated Credit Agreement ("Senior Credit Facility"). The Senior Credit Facility amends and restates the Company's previous credit agreement, dated as of June 19, 2015. The Senior Credit Facility is a $650.0 million unsecured revolving credit facility, which matures on June 25, 2024 . At September 30, 2019 , the Company had $69.3 million of outstanding borrowings under the Senior Credit Facility, which reduced the availability under this facility to $580.7 million . The Senior Credit Facility has two financial covenants: a consolidated leverage ratio and a consolidated interest coverage ratio. On September 6, 2018 , the Company issued $400 million aggregate principal amount of fixed-rate 4.50% senior unsecured notes that mature on December 15, 2028 (the "2028 Notes"). On September 11, 2018 , the Company entered into a $350 million variable-rate term loan that matures on September 11, 2023 (the "2023 Term Loan"). Proceeds from the 2028 Notes and the 2023 Term Loan were used to fund the acquisitions of Cone Drive and Rollon, which closed on September 1, 2018 and September 18, 2018 , respectively. On July 12, 2019 , the Company amended the 2023 Term Loan agreement to, among other things, align covenants and other terms with the Senior Credit Facility. On September 7, 2017 , the Company issued €150 million aggregate principal amount of fixed-rate 2.02% senior unsecured notes that mature on September 7, 2027 (the "2027 Notes"). On September 18, 2017 , the Company entered into a €100 million variable-rate term loan that matures on September 18, 2020 (the "2020 Term Loan"). During the third quarter, the Company repaid €23.5 million under the 2020 Term Loan bringing the total paid to-date to €51.5 million , which reduced the principal balance to €48.5 million as of September 30, 2019 . The 2020 Term Loan was classified as current portion of long-term debt at September 30, 2019 . At September 30, 2019 , the Company was in full compliance with all applicable covenants on its outstanding debt.

Equity

Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Equity	Note 9 - Equity The following tables present the changes in the components of equity for the three and nine months ended September 30, 2019 and 2018 , respectively: The Timken Company Shareholders Total Stated Capital Other Paid-In Capital Earnings Invested in the Business Accumulated Other Comprehensive (Loss) Treasury Stock Non controlling Interest Balance at June 30, 2019 $ 1,783.6 $ 53.1 $ 941.3 $ 1,772.0 $ (97.5 ) $ (957.6 ) $ 72.3 Net income 66.7 64.2 2.5 Foreign currency translation adjustment (63.0 ) (61.2 ) (1.8 ) Pension and other postretirement liability 76.7 76.7 Change in fair value of derivative financial 1.9 1.9 Dividends paid to noncontrolling interest (0.3 ) (0.3 ) Dividends – $0.28 per share (21.2 ) (21.2 ) Stock-based compensation expense 5.8 5.8 Stock purchased at fair market value (32.5 ) (32.5 ) Stock option exercise activity 1.0 (1.0 ) 2.0 Restricted share activity — (0.6 ) 0.6 Payments related to tax withholding for (1.2 ) (1.2 ) Balance at September 30, 2019 $ 1,817.5 $ 53.1 $ 945.5 $ 1,815.0 $ (80.1 ) $ (988.7 ) $ 72.7 The Timken Company Shareholders Total Stated Capital Other Paid-In Capital Earnings Invested in the Business Accumulated Other Comprehensive (Loss) Treasury Stock Non controlling Interest Balance at December 31, 2018 $ 1,642.7 $ 53.1 $ 951.9 $ 1,630.2 $ (95.3 ) $ (960.3 ) $ 63.1 Net income 256.9 248.6 8.3 Foreign currency translation adjustment (62.1 ) (61.9 ) (0.2 ) Pension and other postretirement liability 76.6 76.6 Change in fair value of derivative financial 0.5 0.5 Dividends paid to noncontrolling interest (0.3 ) (0.3 ) Noncontrolling interest acquired 1.8 1.8 Dividends – $0.84 per share (63.8 ) (63.8 ) Stock-based compensation expense 20.7 20.7 Stock purchased at fair market value (56.1 ) (56.1 ) Stock option exercise activity 9.9 (4.4 ) 14.3 Restricted share activity — (22.7 ) 22.7 Payments related to tax withholding for (9.3 ) (9.3 ) Balance at September 30, 2019 $ 1,817.5 $ 53.1 $ 945.5 $ 1,815.0 $ (80.1 ) $ (988.7 ) $ 72.7 For further discussion of the pretax pension and other postretirement liability adjustments, see Note 14 - Retirement Benefit Plans and Note 15 - Other Postretirement Benefit Plans . Note 9 - Equity (continued) The Timken Company Shareholders Total Stated Capital Other Paid-In Capital Earnings Invested in the Business Accumulated Other Comprehensive (Loss) Treasury Stock Non controlling Interest Balance at June 30, 2018 $ 1,552.3 $ 53.1 $ 907.2 $ 1,545.3 $ (69.9 ) $ (913.9 ) $ 30.5 Net income 72.3 71.6 0.7 Foreign currency translation adjustment (24.3 ) (18.5 ) (5.8 ) Change in fair value of derivative financial (0.4 ) (0.4 ) Shares issued for the acquisition of ABC 66.0 30.9 35.1 Dividends – $0.28 per share (21.5 ) (21.5 ) Stock-based compensation expense 7.7 7.7 Stock purchased at fair market value (13.4 ) (13.4 ) Stock option exercise activity 2.1 (0.6 ) 2.7 Restricted share activity — (0.1 ) 0.1 Payments related to tax withholding for (0.4 ) (0.4 ) Balance at September 30, 2018 $ 1,640.4 $ 53.1 $ 945.1 $ 1,595.4 $ (88.8 ) $ (924.9 ) $ 60.5 The Timken Company Shareholders Total Stated Capital Other Paid-In Capital Earnings Invested in the Business Accumulated Other Comprehensive (Loss) Treasury Stock Non controlling Interest Balance at December 31, 2017 $ 1,474.9 $ 53.1 $ 903.8 $ 1,408.4 $ (38.3 ) $ (884.3 ) $ 32.2 Cumulative effect of the new revenue standard (1) 7.7 — 7.7 Cumulative effect of ASU 2018-02 — 0.7 (0.7 ) Net income 244.7 242.8 1.9 Foreign currency translation adjustment (62.5 ) (53.8 ) (8.7 ) Change in fair value of derivative financial 4.0 4.0 Shares issued for the acquisition of ABC Bearings 66.0 30.9 35.1 Dividends – $0.83 per share (64.2 ) (64.2 ) Stock-based compensation expense 25.5 25.5 Stock purchased at fair market value (63.0 ) (63.0 ) Stock option exercise activity 12.7 (3.7 ) 16.4 Restricted share activity — (11.4 ) 11.4 Payments related to tax withholding for stock-based compensation (5.4 ) (5.4 ) Balance at September 30, 2018 $ 1,640.4 $ 53.1 $ 945.1 $ 1,595.4 $ (88.8 ) $ (924.9 ) $ 60.5 (1) On January 1, 2018, the Company recognized the cumulative effect of adopting the revenue recognition guidance in ASU 2014-09 and related amendments as an adjustment to the opening balance of earnings invested in the business for the year ended December 31, 2018. Refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2018 for further information.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2019
Statement of Financial Position [Abstract]
accumulated other comprehensive income components reclassification	Note 10 - Accumulated Other Comprehensive Income (Loss) The following tables present details about components of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2019 and 2018 , respectively: Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at June 30, 2019 $ (96.3 ) $ (0.1 ) $ (1.1 ) $ (97.5 ) Other comprehensive income (loss) before (63.0 ) 103.7 3.2 43.9 Amounts reclassified from accumulated other — (1.6 ) (1.0 ) (2.6 ) Income tax expense — (25.4 ) (0.3 ) (25.7 ) Net current period other comprehensive income (loss), net of income taxes (63.0 ) 76.7 1.9 15.6 Noncontrolling interest 1.8 — — 1.8 Net current period comprehensive (loss) income, net of income taxes and noncontrolling interest (61.2 ) 76.7 1.9 17.4 Balance at September 30, 2019 $ (157.5 ) $ 76.6 $ 0.8 $ (80.1 ) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2018 $ (95.6 ) $ — $ 0.3 $ (95.3 ) Other comprehensive income (loss) before (62.1 ) 103.7 3.4 45.0 Amounts reclassified from accumulated other — (1.8 ) (2.9 ) (4.7 ) Income tax expense — (25.3 ) — (25.3 ) Net current period other comprehensive income (62.1 ) 76.6 0.5 15.0 Noncontrolling interest 0.2 — — 0.2 Net current period comprehensive (loss) income, net of income taxes and noncontrolling interest (61.9 ) 76.6 0.5 15.2 Balance at September 30, 2019 $ (157.5 ) $ 76.6 $ 0.8 $ (80.1 ) For further discussion of pension and other postretirement liability adjustments, see Note 14 - Retirement Benefit Plans and Note 15 - Other Postretirement Benefit Plans . Note 10 - 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 June 30, 2018 $ (70.4 ) $ (0.4 ) $ 0.9 $ (69.9 ) Other comprehensive (loss) income before (24.3 ) — 1.0 (23.3 ) Amounts reclassified from accumulated other — — (1.5 ) (1.5 ) Income tax benefit — — 0.1 0.1 Net current period other comprehensive (24.3 ) — (0.4 ) (24.7 ) Noncontrolling interest 5.8 — — 5.8 Net current period comprehensive loss, net of income taxes and noncontrolling interest (18.5 ) — (0.4 ) (18.9 ) Balance at September 30, 2018 $ (88.9 ) $ (0.4 ) $ 0.5 $ (88.8 ) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2017 $ (35.1 ) $ (0.3 ) $ (2.9 ) $ (38.3 ) Cumulative effect of ASU 2018-02 — (0.1 ) (0.6 ) (0.7 ) Balance at January 1, 2018 (35.1 ) (0.4 ) (3.5 ) (39.0 ) Other comprehensive (loss) income before (62.5 ) — 5.0 (57.5 ) Amounts reclassified from accumulated other — — 0.3 0.3 Income tax expense — — (1.3 ) (1.3 ) Net current period other comprehensive (62.5 ) — 4.0 (58.5 ) Noncontrolling interest 8.7 — — 8.7 Net current period comprehensive (loss) income, net of income taxes and noncontrolling interest (53.8 ) (0.1 ) 3.4 (50.5 ) Balance at September 30, 2018 $ (88.9 ) $ (0.4 ) $ 0.5 $ (88.8 ) Other comprehensive income (loss) before reclassifications and income taxes includes the effect of foreign currency.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 11 - Earnings Per Share The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share for the three and nine months ended September 30, 2019 and 2018 , respectively: Three Months Ended Nine Months Ended 2019 2018 2019 2018 Numerator: Net income attributable to The Timken Company $ 64.2 $ 71.6 $ 248.6 $ 242.8 Less: undistributed earnings allocated to nonvested — — — — Net income available to common shareholders for basic and diluted earnings per share $ 64.2 $ 71.6 $ 248.6 $ 242.8 Denominator: Weighted average number of shares outstanding - basic 75,628,410 76,903,395 75,864,544 77,332,209 Effect of dilutive securities: Stock options and awards - based on the treasury stock 964,284 1,524,710 1,037,882 1,313,294 Weighted average number of shares outstanding 76,592,694 78,428,105 76,902,426 78,645,503 Basic earnings per share $ 0.85 $ 0.93 $ 3.28 $ 3.14 Diluted earnings per share $ 0.84 $ 0.91 $ 3.23 $ 3.09 The exercise prices for certain stock options that the Company has awarded exceeded the average market price of the Company’s common shares during each period presented. Such stock options are antidilutive and were not included in the computation of diluted earnings per share. The antidilutive stock options outstanding during the three months ended September 30, 2019 and 2018 were 1,445,986 and 923,588 , respectively. The antidilutive stock options outstanding during the nine months ended September 30, 2019 and 2018 were 1,355,247 and 852,318

Revenue (Notes)

Revenue (Notes)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Note 12 - Revenue The following table presents details deemed most relevant to the users of the financial statements about total revenue for the three and nine months ended September 30, 2019 and 2018 , respectively: Three Months Ended Three Months Ended September 30, 2019 September 30, 2018 Mobile Process Total Mobile Process Total United States $ 245.8 $ 196.0 $ 441.8 $ 255.3 $ 192.9 $ 448.2 Americas excluding United States 54.7 41.1 95.8 51.6 42.9 94.5 Europe / Middle East / Africa 85.3 120.2 205.5 89.3 86.0 175.3 Asia-Pacific 69.3 101.6 170.9 68.0 95.3 163.3 Net sales $ 455.1 $ 458.9 $ 914.0 $ 464.2 $ 417.1 $ 881.3 Nine Months Ended Nine Months Ended September 30, 2019 September 30, 2018 Mobile Process Total Mobile Process Total United States $ 778.1 $ 632.6 $ 1,410.7 $ 774.4 $ 561.5 $ 1,335.9 Americas excluding United States 160.4 125.5 285.9 160.3 132.0 292.3 Europe / Middle East / Africa 288.2 374.3 662.5 292.5 266.4 558.9 Asia-Pacific 222.1 312.5 534.6 214.6 269.0 483.6 Net sales $ 1,448.8 $ 1,444.9 $ 2,893.7 $ 1,441.8 $ 1,228.9 $ 2,670.7 When reviewing revenue by sales channel, the Company separates net sales to original equipment manufacturers from sales to distributors and end users. The following table presents the percent of revenue by sales channel for the nine months ended September 30, 2019 and 2018 , respectively: Nine Months Ended Nine Months Ended Revenue by sales channel September 30, 2019 September 30, 2018 Original equipment manufacturers 56% 58% Distribution/end users 44% 42% In addition to disaggregating revenue by segment and geography and by sales channel as shown above, the Company believes information about the timing of transfer of goods or services, type of customer and distinguishing service revenue from product sales is also relevant. During the nine months ended September 30, 2019 and September 30, 2018 , approximately 11% and 9% , respectively, of total net sales were recognized on an over-time basis because of the continuous transfer of control to the customer, with the remainder recognized as of a point in time. The payment terms with the U.S. government or its contractors, which represented approximately 8% and 7% of total net sales during the nine months ended September 30, 2019 and September 30, 2018 , respectively, differ from those of non-government customers. Finally, approximately 5% and 6% of total net sales represented service revenue during the nine months ended September 30, 2019 and September 30, 2018 , respectively. Remaining Performance Obligations: Remaining performance obligations represent the transaction price of orders meeting the definition of a contract for which work has not been performed and excludes unexercised contract options. Performance obligations having a duration of more than one year are concentrated in contracts for certain products and services provided to the U.S. government or its contractors. The aggregate amount of the transaction price allocated to remaining performance obligations for such contracts with a duration of more than one year was approximately $231 million at September 30, 2019 . Unbilled Receivables: The following table contains a rollforward of unbilled receivables for the nine months ended September 30, 2019 : September 30, 2019 Beginning balance, January 1 $ 116.6 Additional unbilled revenue recognized 320.0 Less: amounts billed to customers (285.0 ) Ending balance $ 151.6 There were no impairment losses recorded on unbilled receivables for the nine months ended September 30, 2019 .

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	Note 13 - Segment Information The primary measurement used by management to measure the financial performance of each segment is earnings before interest and taxes ("EBIT"). Three Months Ended Nine Months Ended 2019 2018 2019 2018 Net sales: Mobile Industries $ 455.1 $ 464.2 $ 1,448.8 $ 1,441.8 Process Industries 458.9 417.1 1,444.9 1,228.9 Net sales $ 914.0 $ 881.3 $ 2,893.7 $ 2,670.7 Segment EBIT: Mobile Industries $ 52.0 $ 50.6 $ 172.5 $ 156.2 Process Industries 95.6 81.8 304.8 254.0 Total EBIT, for reportable segments $ 147.6 $ 132.4 $ 477.3 $ 410.2 Corporate expenses (11.4 ) (17.9 ) (41.1 ) (47.2 ) Corporate pension and other postretirement benefit related charges (16.9 ) (5.3 ) (16.9 ) (3.1 ) Interest expense (18.2 ) (12.5 ) (55.5 ) (33.2 ) Interest income 1.1 0.6 3.5 1.5 Income before income taxes $ 102.2 $ 97.3 $ 367.3 $ 328.2

Retirement Benefit Plans

Retirement Benefit Plans	9 Months Ended
	Sep. 30, 2019
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Note 14 - Retirement Benefit Plans The following table sets forth the net periodic benefit cost for the Company’s defined benefit pension plans. The amounts for the three and nine months ended September 30, 2019 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of the respective period’s proportionate share of the amounts to be recorded for the year ending December 31, 2019 . U.S. Plans International Plans Total Three Months Ended Three Months Ended Three Months Ended 2019 2018 2019 2018 2019 2018 Components of net periodic benefit cost: Service cost $ 2.6 $ 3.3 $ 0.4 $ 0.4 $ 3.0 $ 3.7 Interest cost 5.7 6.0 1.8 1.8 7.5 7.8 Expected return on plan assets (6.4 ) (7.6 ) (2.4 ) (2.9 ) (8.8 ) (10.5 ) Amortization of prior service cost 0.4 0.4 — 0.1 0.4 0.5 Recognition of actuarial losses 7.0 4.8 — — 7.0 4.8 Net periodic benefit cost $ 9.3 $ 6.9 $ (0.2 ) $ (0.6 ) $ 9.1 $ 6.3 U.S. Plans International Plans Total Nine Months Ended Nine Months Ended Nine Months Ended 2019 2018 2019 2018 2019 2018 Components of net periodic benefit cost: Service cost $ 7.8 $ 9.7 $ 1.2 $ 1.2 $ 9.0 $ 10.9 Interest cost 17.7 17.7 5.5 5.5 23.2 23.2 Expected return on plan assets (19.2 ) (22.2 ) (7.6 ) (8.8 ) (26.8 ) (31.0 ) Amortization of prior service cost 1.2 1.2 0.1 0.1 1.3 1.3 Recognition of actuarial losses 7.0 2.4 — — 7.0 2.4 Net periodic benefit cost $ 14.5 $ 8.8 $ (0.8 ) $ (2.0 ) $ 13.7 $ 6.8 The Company currently expects to make contributions and payments related to its global defined benefit pension plans totaling approximately $34.0 million in 2019 . Approximately $24.0 million of this amount related to the 2019 payout of deferred compensation in July 2019 to a former executive officer of the Company. The payment triggered a pension remeasurement for one of the Company’s U.S. defined benefit pension plans during the third quarter of 2019. As a result of this remeasurement, the Company recognized an actuarial loss of $7.0 million during the three months ended September 30, 2019 . During the three and nine months ended September 30, 2018 , the Company recognized actuarial losses of $ 4.8 million and $2.4 million

Postretirement Benefit Plans

Postretirement Benefit Plans	9 Months Ended
	Sep. 30, 2019
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Note 15 - Other Postretirement Benefit Plans The following table sets forth the net periodic benefit cost for the Company’s other postretirement benefit plans. The amounts for the three and nine months ended September 30, 2019 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of the respective period’s proportionate share of the amounts to be recorded for the year ending December 31, 2019 . Three Months Ended Nine Months Ended 2019 2018 2019 2018 Components of net periodic benefit cost: Service cost $ — $ — $ 0.1 $ 0.1 Interest cost 1.2 1.9 5.0 5.6 Expected return on plan assets (0.8 ) (0.9 ) (2.4 ) (2.8 ) Amortization of prior service credit (2.0 ) (0.4 ) (3.1 ) (1.2 ) Recognition of net actuarial losses 9.9 — 9.9 — Net periodic benefit cost $ 8.3 $ 0.6 $ 9.5 $ 1.7 During July 2019 , the Company announced changes to the medical plan offerings for certain of its postretirement benefit plans, effective January 1, 2020, which will impact the benefits provided to certain retirees. This plan amendment (1) resulted in a $103.5 million reduction in the postretirement benefit obligation and a corresponding pretax adjustment to accumulated other comprehensive loss; and (2) triggered a remeasurement of the postretirement benefit obligation, and as a result the Company recognized an actuarial loss of $ 9.9 million during the three months ended September 30, 2019 . Starting with the three months ended September 30, 2019 , the pretax adjustment of $103.5 million

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value	Note 17 - Fair Value Fair value is defined as the price that would be expected to be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The FASB provides accounting rules that classify the inputs used to measure fair value into the following hierarchy: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 – Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3 – Unobservable inputs for the asset or liability. The following tables present the fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 : September 30, 2019 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 134.6 $ 133.2 $ 1.4 $ — Cash and cash equivalents measured at net asset value 46.8 Restricted cash 0.5 0.5 — — Short-term investments 20.8 — 20.8 — Short-term investments measured at net asset value 0.1 Foreign currency hedges 11.7 — 11.7 — Total Assets $ 214.5 $ 133.7 $ 33.9 $ — Liabilities: Foreign currency hedges $ 0.3 $ — $ 0.3 $ — Total Liabilities $ 0.3 $ — $ 0.3 $ — December 31, 2018 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 105.9 $ 104.4 $ 1.5 $ — Cash and cash equivalents measured at net asset value 26.6 Restricted cash 0.6 0.6 — — Short-term investments 21.8 — 21.8 — Foreign currency hedges 4.6 — 4.6 — Total Assets $ 159.5 $ 105.0 $ 27.9 $ — Liabilities: Foreign currency hedges $ 0.7 $ — $ 0.7 $ — Total Liabilities $ 0.7 $ — $ 0.7 $ — Cash and cash equivalents are highly liquid investments with maturities of three months or less when purchased and are valued at the redemption value. Short-term investments are investments with maturities between four months and one year and generally are valued at amortized cost, which approximates fair value. A portion of the cash and cash equivalents and short-term investments are valued based on net asset value. The Company uses publicly available foreign currency forward and spot rates to measure the fair value of its foreign currency forward contracts. Additionally, the Company remeasures certain assets at fair value, using Level 3 inputs, as a result of the occurrence of triggering events such as purchase accounting for acquisitions. See Note 3 - Acquisitions for further discussion. No other material assets were measured at fair value on a nonrecurring basis during the nine months ended September 30, 2019 and 2018 , respectively. Financial Instruments: The Company’s financial instruments consist primarily of cash and cash equivalents, short-term investments, accounts receivable, trade accounts payable, short-term borrowings and long-term debt. Due to their short-term nature, the carrying value of cash and cash equivalents, short-term investments, accounts receivable, trade accounts payable and short-term borrowings are a reasonable estimate of their fair value. Due to the nature of fair value calculations for variable-rate debt, the carrying value of the Company's long-term variable-rate debt is a reasonable estimate of its fair value. The fair value of the Company’s long-term fixed-rate debt, based on quoted market prices, was $1,157.2 million and $1,077.5 million at September 30, 2019 and December 31, 2018 , respectively. The carrying value of this debt was $1,062.6 million and $1,070.7 million at September 30, 2019 and December 31, 2018 , respectively. The fair value of long-term fixed-rate debt was measured using Level 2 inputs. The Company does not believe it has significant concentrations of risk associated with the counterparties to its financial instruments.

Derivatives and Hedging Activit

Derivatives and Hedging Activities (Notes)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 18 - Derivative Instruments and Hedging Activities The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by using derivative instruments are foreign currency exchange rate risk and interest rate risk. Forward contracts on various foreign currencies are entered into in order to manage the foreign currency exchange rate risk associated with certain of the Company's commitments denominated in foreign currencies. From time to time, interest rate swaps are used to manage interest rate risk associated with the Company’s fixed and floating-rate borrowings. The Company designates certain foreign currency forward contracts as cash flow hedges of forecasted revenues and certain interest rate hedges as cash flow hedges of fixed-rate borrowings. The Company does not purchase or hold any derivative financial instruments for trading purposes. As of September 30, 2019 and December 31, 2018 , the Company had $230.9 million and $218.8 million , respectively, of outstanding foreign currency forward contracts at notional value. Refer to Note 17 - Fair Value for the fair value disclosure of derivative financial instruments. Cash Flow Hedging Strategy: For certain derivative instruments that are designated and qualify as cash flow hedges ( i.e ., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same line item associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings. To protect against a reduction in the value of forecasted foreign currency cash flows resulting from export sales, the Company has instituted a foreign currency cash flow hedging program. The Company hedges portions of its forecasted cash flows denominated in foreign currencies with forward contracts. When the dollar strengthens significantly against foreign currencies, the decline in the present value of future foreign currency revenue is offset by gains in the fair value of the forward contracts designated as hedges. Conversely, when the dollar weakens, the increase in the present value of future foreign currency cash flows is offset by losses in the fair value of the forward contracts. The maximum length of time over which the Company hedges its exposure to the variability in future cash flows for forecast transactions is generally eighteen months or less. Purpose for Derivative Instruments not designated as Hedging Instruments: For derivative instruments that are not designated as hedging instruments, the instruments are typically forward contracts. In general, the practice is to reduce volatility by selectively hedging transaction exposures including intercompany loans, accounts payable and accounts receivable. Intercompany loans between entities with different functional currencies typically are hedged with a forward contract at the inception of the loan with a maturity date corresponding to the maturity of the loan. The revaluation of these contracts, as well as the revaluation of the underlying balance sheet items, is recorded directly to the income statement so the adjustment generally offsets the revaluation of the underlying balance sheet items to protect cash payments and reduce income statement volatility. The following table presents the impact of derivative instruments not designated as hedging instruments for the three and nine months ended September 30, 2019 and 2018 , respectively, and their location within the Consolidated Statements of Income: Amount of gain or (loss) recognized in income Three Months Ended Nine Months Ended Derivatives not designated as hedging instruments: Location of gain or (loss) recognized in income 2019 2018 2019 2018 Foreign currency forward contracts Other income (expense), net $ 6.3 $ (0.8 ) $ 9.0 $ 6.4

Recent Accounting Pronouncement

Recent Accounting Pronouncements New Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Lease, Cost [Table Text Block]	The following tables present other information related to leases: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9.1 $ 26.8 Financing cash flows from finance leases 0.2 1.3 Lease assets added in the period: Operating leases $ 14.6 $ 54.0 Finance leases 0.3 1.1 September 30, 2019 Weighted-average remaining lease term: Operating leases 5.4 years Finance leases 3.4 years Weighted-average discount rate: Operating leases 3.90 % Finance leases 2.70 % Lease expense for the three and nine months ended September 30, 2019 was as follows: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 Operating lease expense $ 9.0 $ 27.7 Amortization of right-of-use assets on finance leases 0.3 0.9 Total lease expense $ 9.3 $ 28.6

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	The following table summarizes the preliminary purchase price allocation for intangible assets acquired in 2019 : Purchase Weighted - Trade names (indefinite life) $ 12.3 Indefinite Technology and know-how 5.2 14 years Customer relationships 10.6 17 years Total intangible assets $ 28.1
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	On April 1, 2019 , the Company completed the acquisition of The Diamond Chain Company ("Diamond Chain"), a leading supplier of high-performance roller chains for industrial markets. Diamond Chain serves a diverse range of market sectors, including industrial distribution, material handling, food and beverage, agriculture, construction and other process industries. Diamond Chain, located in Indianapolis, Indiana, operates primarily in the United States and China and had sales of approximately $60 million for the twelve months ended March 31, 2019. The purchase price for this acquisition was $84.6 million , excluding $1.9 million for cash acquired. During the nine months ended September 30, 2019 , the Company incurred acquisition-related costs of $1.4 million to complete this acquisition. Based on markets and customers served, the results for Diamond Chain are reported in the Process Industries segment. The following table presents the preliminary purchase price allocation at fair value, net of cash acquired, for the Diamond Chain acquisition: Purchase Price Allocation Assets: Accounts receivable, net $ 6.7 Inventories, net 23.6 Other current assets 2.4 Property, plant and equipment, net 17.2 Operating lease assets 2.8 Goodwill 18.6 Other intangible assets 28.1 Other non-current assets 0.5 Total assets acquired $ 99.9 Liabilities: Accounts payable, trade $ 5.7 Other current liabilities 4.8 Long-term operating lease liabilities 2.1 Other non-current liabilities 0.9 Total liabilities assumed $ 13.5 Noncontrolling interest acquired 1.8 Net assets and noncontrolling interest acquired $ 84.6
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The following table presents the purchase price allocation at fair value, net of cash acquired, for the 2018 Acquisitions: Initial Purchase Adjustments Purchase Price Allocation Assets: Accounts receivable, net $ 42.5 $ 42.5 Inventories, net 61.6 (0.1 ) 61.5 Other current assets 8.5 1.0 9.5 Property, plant and equipment, net 71.7 (6.3 ) 65.4 Goodwill 468.2 1.8 470.0 Other intangible assets 372.6 2.8 375.4 Other non-current assets 20.2 (4.1 ) 16.1 Total assets acquired $ 1,045.3 $ (4.9 ) $ 1,040.4 Liabilities: Accounts payable, trade $ 35.2 $ 35.2 Salaries, wages and benefits 9.1 9.1 Income taxes payable 2.5 0.4 2.9 Other current liabilities 8.2 0.2 8.4 Short-term debt 2.5 (0.6 ) 1.9 Long-term debt 3.0 (2.9 ) 0.1 Accrued pension benefits 5.7 5.7 Accrued postretirement benefits 11.7 11.7 Deferred income taxes 116.2 (0.6 ) 115.6 Other non-current liabilities 16.9 3.4 20.3 Total liabilities assumed $ 211.0 $ (0.1 ) $ 210.9 Net assets acquired $ 834.3 $ (4.8 ) $ 829.5

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Components of inventories	The components of inventories at September 30, 2019 and December 31, 2018 were as follows: September 30, December 31, Manufacturing supplies $ 31.9 $ 32.4 Raw materials 102.4 102.4 Work in process 289.0 287.7 Finished products 426.5 452.7 Subtotal 849.8 875.2 Allowance for obsolete and surplus inventory (44.5 ) (39.5 ) Total Inventories, net $ 805.3 $ 835.7

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2019
Long Lived Assets Held-for-sale [Line Items]
Components of property, plant and equipment	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The components of property, plant and equipment at </font><font style="font-family:Arial;font-size:10pt;">September 30, 2019</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;">December 31, 2018</font><font style="font-family:Arial;font-size:10pt;"> were as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:72%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">September 30, <br clear="none"/>2019</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">December 31, <br clear="none"/>2018</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Land and buildings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">474.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">484.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Machinery and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2,038.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,002.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Subtotal</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2,512.9</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,486.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Accumulated depreciation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1,606.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(1,574.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Property, plant and equipment, net</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">906.8</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">912.1</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Change in the carrying amount of goodwill	The changes in the carrying amount of goodwill for the nine months ended September 30, 2019 were as follows: Mobile Industries Process Industries Total Beginning balance $ 349.7 $ 610.8 $ 960.5 Acquisitions 0.7 19.7 20.4 Foreign currency translation adjustments and other changes (10.9 ) (15.3 ) (26.2 ) Ending balance $ 339.5 $ 615.2 $ 954.7
Intangible assets	The following table displays intangible assets as of September 30, 2019 and December 31, 2018 : Balance at September 30, 2019 Balance at December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets subject to amortization: Customer relationships $ 481.7 $ 120.6 $ 361.1 $ 481.5 $ 99.8 $ 381.7 Technology and know-how 244.9 50.7 194.2 245.0 40.4 204.6 Trade names 11.9 5.6 6.3 11.3 4.8 6.5 Capitalized software 268.6 243.6 25.0 266.4 236.5 29.9 Other 41.1 37.2 3.9 40.8 35.2 5.6 $ 1,048.2 $ 457.7 $ 590.5 $ 1,045.0 $ 416.7 $ 628.3 Intangible assets not subject to amortization: Trade names $ 103.6 $ 103.6 $ 96.2 $ 96.2 FAA air agency certificates 8.7 8.7 8.7 8.7 $ 112.3 $ 112.3 $ 104.9 $ 104.9 Total intangible assets $ 1,160.5 $ 457.7 $ 702.8 $ 1,149.9 $ 416.7 $ 733.2

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Finance Lease, Liability, Maturity [Table Text Block]	Future minimum lease payments under non-cancellable leases at September 30, 2019 were as follows: Operating Leases Finance Leases Year Ending December 31, 2019 $ 8.5 $ 0.3 2020 29.3 0.9 2021 20.5 0.9 2022 15.0 0.7 2023 11.2 0.2 Thereafter 26.6 — Total future minimum lease payments 111.1 3.0 Less: imputed interest (10.8 ) (0.2 ) Total $ 100.3 $ 2.8
Lease, Cost [Table Text Block]	The following tables present other information related to leases: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9.1 $ 26.8 Financing cash flows from finance leases 0.2 1.3 Lease assets added in the period: Operating leases $ 14.6 $ 54.0 Finance leases 0.3 1.1 September 30, 2019 Weighted-average remaining lease term: Operating leases 5.4 years Finance leases 3.4 years Weighted-average discount rate: Operating leases 3.90 % Finance leases 2.70 % Lease expense for the three and nine months ended September 30, 2019 was as follows: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 Operating lease expense $ 9.0 $ 27.7 Amortization of right-of-use assets on finance leases 0.3 0.9 Total lease expense $ 9.3 $ 28.6

Financing Arrangements (Tables)

Financing Arrangements (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Short-term debt	Short-term debt at September 30, 2019 and December 31, 2018 was as follows: September 30, December 31, Variable-rate Accounts Receivable Facility with an interest rate of 3.09% at September 30, 2019 $ 12.8 $ — Borrowings under variable-rate lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 0.23% to 2.28% at September 30, 2019 and 0.29% to 1.00% at December 31, 2018 22.0 33.6 Short-term debt $ 34.8 $ 33.6
Long-term debt	Long-term debt at September 30, 2019 and December 31, 2018 was as follows: September 30, December 31, Variable-rate Senior Credit Facility with an average interest rate on U.S. Dollar of 3.26% and Euro of 1.00% at September 30, 2019 and 3.40% and 1.10%, respectively, at December 31, 2018 $ 69.3 $ 43.9 Variable-rate Euro Term Loan (1) , maturing on September 18, 2020, with an interest rate of 1.13% at September 30, 2019 and December 31, 2018 52.8 107.1 Variable-rate Accounts Receivable Facility, with an interest rate of 3.09% at September 30, 2019 and 3.22% at December 31, 2018 87.2 75.0 Variable-rate Term Loan (1) , maturing on September 11, 2023, with an interest rate of 3.17% at September 30, 2019 and 3.77% at December 31, 2018 340.7 347.1 Fixed-rate Senior Unsecured Notes (1) , maturing on September 1, 2024, with an interest rate of 3.875% 348.3 347.7 Fixed-rate Euro Senior Unsecured Notes (1) , maturing on September 7, 2027, with an interest rate of 2.02% 163.0 171.4 Fixed-rate Senior Unsecured Notes (1) , maturing on December 15, 2028, with an interest rate of 4.50% 396.1 395.8 Fixed-rate Medium-Term Notes, Series A (1) , maturing at various dates through May 2028, with interest rates ranging from 6.74% to 7.76% 154.6 154.6 Other 3.3 5.4 1,615.3 1,648.0 Less: Current maturities 61.8 9.4 Long-term debt $ 1,553.5 $ 1,638.6

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Equity	The following tables present the changes in the components of equity for the three and nine months ended September 30, 2019 and 2018 , respectively: The Timken Company Shareholders Total Stated Capital Other Paid-In Capital Earnings Invested in the Business Accumulated Other Comprehensive (Loss) Treasury Stock Non controlling Interest Balance at June 30, 2019 $ 1,783.6 $ 53.1 $ 941.3 $ 1,772.0 $ (97.5 ) $ (957.6 ) $ 72.3 Net income 66.7 64.2 2.5 Foreign currency translation adjustment (63.0 ) (61.2 ) (1.8 ) Pension and other postretirement liability 76.7 76.7 Change in fair value of derivative financial 1.9 1.9 Dividends paid to noncontrolling interest (0.3 ) (0.3 ) Dividends – $0.28 per share (21.2 ) (21.2 ) Stock-based compensation expense 5.8 5.8 Stock purchased at fair market value (32.5 ) (32.5 ) Stock option exercise activity 1.0 (1.0 ) 2.0 Restricted share activity — (0.6 ) 0.6 Payments related to tax withholding for (1.2 ) (1.2 ) Balance at September 30, 2019 $ 1,817.5 $ 53.1 $ 945.5 $ 1,815.0 $ (80.1 ) $ (988.7 ) $ 72.7 The Timken Company Shareholders Total Stated Capital Other Paid-In Capital Earnings Invested in the Business Accumulated Other Comprehensive (Loss) Treasury Stock Non controlling Interest Balance at December 31, 2018 $ 1,642.7 $ 53.1 $ 951.9 $ 1,630.2 $ (95.3 ) $ (960.3 ) $ 63.1 Net income 256.9 248.6 8.3 Foreign currency translation adjustment (62.1 ) (61.9 ) (0.2 ) Pension and other postretirement liability 76.6 76.6 Change in fair value of derivative financial 0.5 0.5 Dividends paid to noncontrolling interest (0.3 ) (0.3 ) Noncontrolling interest acquired 1.8 1.8 Dividends – $0.84 per share (63.8 ) (63.8 ) Stock-based compensation expense 20.7 20.7 Stock purchased at fair market value (56.1 ) (56.1 ) Stock option exercise activity 9.9 (4.4 ) 14.3 Restricted share activity — (22.7 ) 22.7 Payments related to tax withholding for (9.3 ) (9.3 ) Balance at September 30, 2019 $ 1,817.5 $ 53.1 $ 945.5 $ 1,815.0 $ (80.1 ) $ (988.7 ) $ 72.7 For further discussion of the pretax pension and other postretirement liability adjustments, see Note 14 - Retirement Benefit Plans and Note 15 - Other Postretirement Benefit Plans . Note 9 - Equity (continued) The Timken Company Shareholders Total Stated Capital Other Paid-In Capital Earnings Invested in the Business Accumulated Other Comprehensive (Loss) Treasury Stock Non controlling Interest Balance at June 30, 2018 $ 1,552.3 $ 53.1 $ 907.2 $ 1,545.3 $ (69.9 ) $ (913.9 ) $ 30.5 Net income 72.3 71.6 0.7 Foreign currency translation adjustment (24.3 ) (18.5 ) (5.8 ) Change in fair value of derivative financial (0.4 ) (0.4 ) Shares issued for the acquisition of ABC 66.0 30.9 35.1 Dividends – $0.28 per share (21.5 ) (21.5 ) Stock-based compensation expense 7.7 7.7 Stock purchased at fair market value (13.4 ) (13.4 ) Stock option exercise activity 2.1 (0.6 ) 2.7 Restricted share activity — (0.1 ) 0.1 Payments related to tax withholding for (0.4 ) (0.4 ) Balance at September 30, 2018 $ 1,640.4 $ 53.1 $ 945.1 $ 1,595.4 $ (88.8 ) $ (924.9 ) $ 60.5 The Timken Company Shareholders Total Stated Capital Other Paid-In Capital Earnings Invested in the Business Accumulated Other Comprehensive (Loss) Treasury Stock Non controlling Interest Balance at December 31, 2017 $ 1,474.9 $ 53.1 $ 903.8 $ 1,408.4 $ (38.3 ) $ (884.3 ) $ 32.2 Cumulative effect of the new revenue standard (1) 7.7 — 7.7 Cumulative effect of ASU 2018-02 — 0.7 (0.7 ) Net income 244.7 242.8 1.9 Foreign currency translation adjustment (62.5 ) (53.8 ) (8.7 ) Change in fair value of derivative financial 4.0 4.0 Shares issued for the acquisition of ABC Bearings 66.0 30.9 35.1 Dividends – $0.83 per share (64.2 ) (64.2 ) Stock-based compensation expense 25.5 25.5 Stock purchased at fair market value (63.0 ) (63.0 ) Stock option exercise activity 12.7 (3.7 ) 16.4 Restricted share activity — (11.4 ) 11.4 Payments related to tax withholding for stock-based compensation (5.4 ) (5.4 ) Balance at September 30, 2018 $ 1,640.4 $ 53.1 $ 945.1 $ 1,595.4 $ (88.8 ) $ (924.9 ) $ 60.5 (1) On January 1, 2018, the Company recognized the cumulative effect of adopting the revenue recognition guidance in ASU 2014-09 and related amendments as an adjustment to the opening balance of earnings invested in the business for the year ended December 31, 2018. Refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2018 for further information.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2019
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following tables present details about components of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2019 and 2018 , respectively: Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at June 30, 2019 $ (96.3 ) $ (0.1 ) $ (1.1 ) $ (97.5 ) Other comprehensive income (loss) before (63.0 ) 103.7 3.2 43.9 Amounts reclassified from accumulated other — (1.6 ) (1.0 ) (2.6 ) Income tax expense — (25.4 ) (0.3 ) (25.7 ) Net current period other comprehensive income (loss), net of income taxes (63.0 ) 76.7 1.9 15.6 Noncontrolling interest 1.8 — — 1.8 Net current period comprehensive (loss) income, net of income taxes and noncontrolling interest (61.2 ) 76.7 1.9 17.4 Balance at September 30, 2019 $ (157.5 ) $ 76.6 $ 0.8 $ (80.1 ) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2018 $ (95.6 ) $ — $ 0.3 $ (95.3 ) Other comprehensive income (loss) before (62.1 ) 103.7 3.4 45.0 Amounts reclassified from accumulated other — (1.8 ) (2.9 ) (4.7 ) Income tax expense — (25.3 ) — (25.3 ) Net current period other comprehensive income (62.1 ) 76.6 0.5 15.0 Noncontrolling interest 0.2 — — 0.2 Net current period comprehensive (loss) income, net of income taxes and noncontrolling interest (61.9 ) 76.6 0.5 15.2 Balance at September 30, 2019 $ (157.5 ) $ 76.6 $ 0.8 $ (80.1 ) For further discussion of pension and other postretirement liability adjustments, see Note 14 - Retirement Benefit Plans and Note 15 - Other Postretirement Benefit Plans . Note 10 - 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 June 30, 2018 $ (70.4 ) $ (0.4 ) $ 0.9 $ (69.9 ) Other comprehensive (loss) income before (24.3 ) — 1.0 (23.3 ) Amounts reclassified from accumulated other — — (1.5 ) (1.5 ) Income tax benefit — — 0.1 0.1 Net current period other comprehensive (24.3 ) — (0.4 ) (24.7 ) Noncontrolling interest 5.8 — — 5.8 Net current period comprehensive loss, net of income taxes and noncontrolling interest (18.5 ) — (0.4 ) (18.9 ) Balance at September 30, 2018 $ (88.9 ) $ (0.4 ) $ 0.5 $ (88.8 ) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2017 $ (35.1 ) $ (0.3 ) $ (2.9 ) $ (38.3 ) Cumulative effect of ASU 2018-02 — (0.1 ) (0.6 ) (0.7 ) Balance at January 1, 2018 (35.1 ) (0.4 ) (3.5 ) (39.0 ) Other comprehensive (loss) income before (62.5 ) — 5.0 (57.5 ) Amounts reclassified from accumulated other — — 0.3 0.3 Income tax expense — — (1.3 ) (1.3 ) Net current period other comprehensive (62.5 ) — 4.0 (58.5 ) Noncontrolling interest 8.7 — — 8.7 Net current period comprehensive (loss) income, net of income taxes and noncontrolling interest (53.8 ) (0.1 ) 3.4 (50.5 ) Balance at September 30, 2018 $ (88.9 ) $ (0.4 ) $ 0.5 $ (88.8 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share	The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share for the three and nine months ended September 30, 2019 and 2018 , respectively: Three Months Ended Nine Months Ended 2019 2018 2019 2018 Numerator: Net income attributable to The Timken Company $ 64.2 $ 71.6 $ 248.6 $ 242.8 Less: undistributed earnings allocated to nonvested — — — — Net income available to common shareholders for basic and diluted earnings per share $ 64.2 $ 71.6 $ 248.6 $ 242.8 Denominator: Weighted average number of shares outstanding - basic 75,628,410 76,903,395 75,864,544 77,332,209 Effect of dilutive securities: Stock options and awards - based on the treasury stock 964,284 1,524,710 1,037,882 1,313,294 Weighted average number of shares outstanding 76,592,694 78,428,105 76,902,426 78,645,503 Basic earnings per share $ 0.85 $ 0.93 $ 3.28 $ 3.14 Diluted earnings per share $ 0.84 $ 0.91 $ 3.23 $ 3.09

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents details deemed most relevant to the users of the financial statements about total revenue for the three and nine months ended September 30, 2019 and 2018 , respectively: Three Months Ended Three Months Ended September 30, 2019 September 30, 2018 Mobile Process Total Mobile Process Total United States $ 245.8 $ 196.0 $ 441.8 $ 255.3 $ 192.9 $ 448.2 Americas excluding United States 54.7 41.1 95.8 51.6 42.9 94.5 Europe / Middle East / Africa 85.3 120.2 205.5 89.3 86.0 175.3 Asia-Pacific 69.3 101.6 170.9 68.0 95.3 163.3 Net sales $ 455.1 $ 458.9 $ 914.0 $ 464.2 $ 417.1 $ 881.3 Nine Months Ended Nine Months Ended September 30, 2019 September 30, 2018 Mobile Process Total Mobile Process Total United States $ 778.1 $ 632.6 $ 1,410.7 $ 774.4 $ 561.5 $ 1,335.9 Americas excluding United States 160.4 125.5 285.9 160.3 132.0 292.3 Europe / Middle East / Africa 288.2 374.3 662.5 292.5 266.4 558.9 Asia-Pacific 222.1 312.5 534.6 214.6 269.0 483.6 Net sales $ 1,448.8 $ 1,444.9 $ 2,893.7 $ 1,441.8 $ 1,228.9 $ 2,670.7
Contract with Customer, Asset and Liability [Table Text Block]	The following table contains a rollforward of unbilled receivables for the nine months ended September 30, 2019 : September 30, 2019 Beginning balance, January 1 $ 116.6 Additional unbilled revenue recognized 320.0 Less: amounts billed to customers (285.0 ) Ending balance $ 151.6

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment wise financial performance	The primary measurement used by management to measure the financial performance of each segment is earnings before interest and taxes ("EBIT"). Three Months Ended Nine Months Ended 2019 2018 2019 2018 Net sales: Mobile Industries $ 455.1 $ 464.2 $ 1,448.8 $ 1,441.8 Process Industries 458.9 417.1 1,444.9 1,228.9 Net sales $ 914.0 $ 881.3 $ 2,893.7 $ 2,670.7 Segment EBIT: Mobile Industries $ 52.0 $ 50.6 $ 172.5 $ 156.2 Process Industries 95.6 81.8 304.8 254.0 Total EBIT, for reportable segments $ 147.6 $ 132.4 $ 477.3 $ 410.2 Corporate expenses (11.4 ) (17.9 ) (41.1 ) (47.2 ) Corporate pension and other postretirement benefit related charges (16.9 ) (5.3 ) (16.9 ) (3.1 ) Interest expense (18.2 ) (12.5 ) (55.5 ) (33.2 ) Interest income 1.1 0.6 3.5 1.5 Income before income taxes $ 102.2 $ 97.3 $ 367.3 $ 328.2

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2019
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost for the Company's retirement benefit plans	The following table sets forth the net periodic benefit cost for the Company’s defined benefit pension plans. The amounts for the three and nine months ended September 30, 2019 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of the respective period’s proportionate share of the amounts to be recorded for the year ending December 31, 2019 . U.S. Plans International Plans Total Three Months Ended Three Months Ended Three Months Ended 2019 2018 2019 2018 2019 2018 Components of net periodic benefit cost: Service cost $ 2.6 $ 3.3 $ 0.4 $ 0.4 $ 3.0 $ 3.7 Interest cost 5.7 6.0 1.8 1.8 7.5 7.8 Expected return on plan assets (6.4 ) (7.6 ) (2.4 ) (2.9 ) (8.8 ) (10.5 ) Amortization of prior service cost 0.4 0.4 — 0.1 0.4 0.5 Recognition of actuarial losses 7.0 4.8 — — 7.0 4.8 Net periodic benefit cost $ 9.3 $ 6.9 $ (0.2 ) $ (0.6 ) $ 9.1 $ 6.3 U.S. Plans International Plans Total Nine Months Ended Nine Months Ended Nine Months Ended 2019 2018 2019 2018 2019 2018 Components of net periodic benefit cost: Service cost $ 7.8 $ 9.7 $ 1.2 $ 1.2 $ 9.0 $ 10.9 Interest cost 17.7 17.7 5.5 5.5 23.2 23.2 Expected return on plan assets (19.2 ) (22.2 ) (7.6 ) (8.8 ) (26.8 ) (31.0 ) Amortization of prior service cost 1.2 1.2 0.1 0.1 1.3 1.3 Recognition of actuarial losses 7.0 2.4 — — 7.0 2.4 Net periodic benefit cost $ 14.5 $ 8.8 $ (0.8 ) $ (2.0 ) $ 13.7 $ 6.8

Postretirement Benefit Plans (T

Postretirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2019
Postretirement Benefit Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	The following table sets forth the net periodic benefit cost for the Company’s other postretirement benefit plans. The amounts for the three and nine months ended September 30, 2019 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of the respective period’s proportionate share of the amounts to be recorded for the year ending December 31, 2019 . Three Months Ended Nine Months Ended 2019 2018 2019 2018 Components of net periodic benefit cost: Service cost $ — $ — $ 0.1 $ 0.1 Interest cost 1.2 1.9 5.0 5.6 Expected return on plan assets (0.8 ) (0.9 ) (2.4 ) (2.8 ) Amortization of prior service credit (2.0 ) (0.4 ) (3.1 ) (1.2 ) Recognition of net actuarial losses 9.9 — 9.9 — Net periodic benefit cost $ 8.3 $ 0.6 $ 9.5 $ 1.7 During July 2019 , the Company announced changes to the medical plan offerings for certain of its postretirement benefit plans, effective January 1, 2020, which will impact the benefits provided to certain retirees. This plan amendment (1) resulted in a $103.5 million reduction in the postretirement benefit obligation and a corresponding pretax adjustment to accumulated other comprehensive loss; and (2) triggered a remeasurement of the postretirement benefit obligation, and as a result the Company recognized an actuarial loss of $ 9.9 million during the three months ended September 30, 2019 . Starting with the three months ended September 30, 2019 , the pretax adjustment of $103.5 million

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2019
Income Taxes [Abstract]
Income Tax Disclosure [Text Block]	Note 16 - Income Taxes The Company's provision for income taxes in interim periods is computed by applying the estimated annual effective tax rates to income or loss before income taxes for the period. In addition, non-recurring or discrete items are recorded during the period(s) in which they occur. Three Months Ended Nine Months Ended 2019 2018 2019 2018 Provision for income taxes $ 35.5 $ 25.0 $ 110.4 $ 83.5 Effective tax rate 34.7 % 25.7 % 30.1 % 25.4 % The income tax expense for the three and nine months ended September 30, 2019 was calculated using the forecasted multi-jurisdictional annual effective tax rates to determine a blended annual effective tax rate. The effective tax rate differs from the U.S. federal statutory rate of 21% primarily due to the projected mix of earnings in international jurisdictions with relatively higher tax rates and U.S. state and local income taxes. It was further impacted by additional discrete accruals recorded primarily for uncertain tax positions related to the Tax Cuts and Jobs Act of 2017 ("U.S. Tax Reform"). The effective tax rate of 34.7% for the three months ended September 30, 2019 is higher than the three months ended September 30, 2018 primarily due to a projected increase in the mix of earnings in international jurisdictions with relatively higher tax rates. The effective tax rate also increased due to higher discrete tax benefits recorded in the prior year period. The effective tax rate of 30.1% for the first nine months of 2019 is higher than the first nine months of 2018 primarily due to higher discrete tax expense in the current year for uncertain tax positions related to U.S. Tax Reform, as well as due to higher discrete tax benefits recorded in the prior year period.
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The Company's provision for income taxes in interim periods is computed by applying the estimated annual effective tax rates to income or loss before income taxes for the period. In addition, non-recurring or discrete items are recorded during the period(s) in which they occur. Three Months Ended Nine Months Ended 2019 2018 2019 2018 Provision for income taxes $ 35.5 $ 25.0 $ 110.4 $ 83.5 Effective tax rate 34.7 % 25.7 % 30.1 % 25.4 %

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	The following tables present the fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 : September 30, 2019 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 134.6 $ 133.2 $ 1.4 $ — Cash and cash equivalents measured at net asset value 46.8 Restricted cash 0.5 0.5 — — Short-term investments 20.8 — 20.8 — Short-term investments measured at net asset value 0.1 Foreign currency hedges 11.7 — 11.7 — Total Assets $ 214.5 $ 133.7 $ 33.9 $ — Liabilities: Foreign currency hedges $ 0.3 $ — $ 0.3 $ — Total Liabilities $ 0.3 $ — $ 0.3 $ — December 31, 2018 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 105.9 $ 104.4 $ 1.5 $ — Cash and cash equivalents measured at net asset value 26.6 Restricted cash 0.6 0.6 — — Short-term investments 21.8 — 21.8 — Foreign currency hedges 4.6 — 4.6 — Total Assets $ 159.5 $ 105.0 $ 27.9 $ — Liabilities: Foreign currency hedges $ 0.7 $ — $ 0.7 $ — Total Liabilities $ 0.7 $ — $ 0.7 $ —

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Table)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives Not Designated as Hedging Instruments [Table Text Block]	The following table presents the impact of derivative instruments not designated as hedging instruments for the three and nine months ended September 30, 2019 and 2018 , respectively, and their location within the Consolidated Statements of Income: Amount of gain or (loss) recognized in income Three Months Ended Nine Months Ended Derivatives not designated as hedging instruments: Location of gain or (loss) recognized in income 2019 2018 2019 2018 Foreign currency forward contracts Other income (expense), net $ 6.3 $ (0.8 ) $ 9.0 $ 6.4

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements Table (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset	$ 115		$ 115			$ 114.1	$ 0
Intangible Assets, Net (Excluding Goodwill)	702.8		702.8			733.9	733.2
Other Assets, Noncurrent	(16)		(16)			(21.7)	(37)
Accounts Receivable, after Allowance for Credit Loss, Current	(548.3)		(548.3)				(546.6)
Revenue from Contract with Customer, Excluding Assessed Tax	914	$ 881.3	2,893.7	$ 2,670.7
Cost of Goods and Services Sold	636.5	628	2,007.9	1,885.1
Gross Profit	277.5	253.3	885.8	785.6
Selling, General and Administrative Expense	148	142	459.4	432.4
Operating Income (Loss)	127.9	108.7	422.9	350.1
Income (Loss) Before Income Taxes	102.2	97.3	367.3	328.2
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	4,565.3		4,565.3				4,445.2
Unbilled Receivables, Asset, Net	151.6		151.6				116.6
Inventory, Net	(805.3)		(805.3)				(835.7)
Other Assets, Current	90.2		90.2				77
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	(27.3)		(27.3)				(59)
Other Liabilities, Current	174.7		174.7				171
Assets, Current	1,807.4		1,807.4				1,737.2
Total Assets	4,565.3		4,565.3			4,544.7	4,445.2
Deferred income taxes	131.7		131.7				138
Liabilities, Noncurrent						2,902	2,802.5
Stockholders' Equity Attributable to Parent	1,744.8		1,744.8				1,579.6
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,817.5	1,640.4	1,817.5	1,640.4	$ 1,783.6		1,642.7	$ 1,552.3	$ 1,474.9
Increase (Decrease) in Other Accrued Liabilities			(28.7)	10.2
Cumulative Effect on Retained Earnings, Tax	35.5	25	110.4	83.5
Other Nonoperating Income (Expense)	5.8	3.7	10.5	7.3
Net income	66.7	72.3	256.9	244.7
Net Income (Loss) Attributable to Parent	$ 64.2	$ 71.6	$ 248.6	$ 242.8
Basic earnings per share	$ 0.85	$ 0.93	$ 3.28	$ 3.14
Diluted earnings per share	$ 0.84	$ 0.91	$ 3.23	$ 3.09
Deferred Income Tax Expense (Benefit)			$ 1.7	$ 2.2
Increase (Decrease) in Accounts Receivable			6.4	65.7
Increase (Decrease) in Unbilled Receivables			35	37.6
Increase (Decrease) in Inventories			(37.8)	94.3
Increase (Decrease) in Other Operating Assets and Liabilities, Net			0.6	(17)
Net Cash Provided by Operating Activities			354.8	195
Restricted cash	$ 0.5		0.5				0.6
Retained Earnings (Accumulated Deficit)	1,815	$ 1,595.4	1,815	1,595.4	$ 1,772		1,630.2	$ 1,545.3	$ 1,408.4
Operating Lease, Liability, Current	28		28			29.8	0
Operating Lease, Liability, Noncurrent	$ 72.3		$ 72.3			69.7	$ 0
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]			The cumulative effect of the changes made to the balance sheet as of January 1, 2019 for the adoption of the new lease standard was as follows: Balance at December 31, 2018 Effect of Accounting Change Balance at January 1, 2019 Operating lease assets $ — $ 114.1 $ 114.1 Other intangible assets 733.2 0.7 733.9 Other non-current assets (1) 37.0 (15.3 ) 21.7 Total Assets 4,445.2 99.5 4,544.7 Short-term operating lease liability — 29.8 29.8 Long-term operating lease liability — 69.7 69.7 Total Liabilities $ 2,802.5 $ 99.5 $ 2,902.0 (1) Due to the adoption of the new leasing standard, the Company recognized operating lease assets and corresponding operating lease liabilities on the Consolidated Balance Sheet. In conjunction with the adoption of the new leasing standard, the Company reclassified $15.3 million of lease assets related to purchase accounting adjustments from the ABC Bearings Limited ("ABC Bearings") acquisition from Other assets to Operating lease assets. These assets do not have material corresponding lease liabilities.
Accounting Standard Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle				$ (0.7)
Adjustments for New Accounting Pronouncement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset						114.1
Intangible Assets, Net (Excluding Goodwill)						0.7
Other Assets, Noncurrent						(15.3)
Total Assets						99.5
Liabilities, Noncurrent						99.5
Operating Lease, Liability, Current						29.8
Operating Lease, Liability, Noncurrent						$ 69.7

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	Sep. 16, 2019	Apr. 01, 2019	Sep. 18, 2018	Sep. 01, 2018	Aug. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Acquisitions, net of cash received						$ 82.7	$ 765.4
Goodwill						954.7		$ 960.5
2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables						42.5		42.5
Goodwill, Purchase Accounting Adjustments						(1.8)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory						61.5		61.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other						9.5		8.5
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets						(4.9)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred						(4.8)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment						65.4		71.7
Goodwill						470		468.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						375.4		372.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets						16.1		20.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets						1,040.4		1,045.3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable						35.2		35.2
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities						(0.1)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt						0.1		3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities						115.6		116.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities						210.9		211
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net						829.5		834.3
Diamond Chain [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables		$ 6.7
Business Acquisition, Effective Date of Acquisition		Apr. 1, 2019
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		$ 23.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		17.2
Goodwill		18.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		28.1
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets		0.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		99.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable		5.7
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value		1.8
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		13.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		84.6
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period						60
Cash Acquired from Acquisition						1.9
Business Combination, Acquisition Related Costs						1.4
Cone Drive [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition			Sep. 18, 2018
Cone Drive [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition				Sep. 1, 2018
Acquisitions, net of cash received						2.9
ABC Bearings [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition					Aug. 30, 2018
BEKA [Member]
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement	Sep. 16, 2019
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period						135
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 165
Leases, Acquired-in-Place [Member] | Diamond Chain [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		2.8
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other		2.1
Inventories, net [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets						(0.1)
Other Current Assets [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets						1
Other Current Assets [Member] | Diamond Chain [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		2.4
Property, plant and equipment, net [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets						(6.3)
Other Intangible Assets [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets						2.8
Other Noncurrent Assets [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets						(4.1)
Accrued Liabilities [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other						9.1		9.1
Income Taxes Payable [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other						2.9		2.5
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities						0.4
Other Current Liabilities [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other						8.4		8.2
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities						0.2
Other Current Liabilities [Member] | Diamond Chain [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other		4.8
Short-term Debt [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other						1.9		2.5
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities						(0.6)
Long-term Debt [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities						(2.9)
Deferred Tax Liability [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities						(0.6)
Other Noncurrent Liabilities [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities						3.4
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other						20.3		16.9
Other Noncurrent Liabilities [Member] | Diamond Chain [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other		0.9
Technology-Based Intangible Assets [Member] | Diamond Chain [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		$ 5.2
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		14 years
Customer Relationships [Member] | Diamond Chain [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		$ 10.6
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		17 years
Pension Plan [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other						5.7		5.7
Postretirement Benefit Plans [Member] | 2018 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other						$ 11.7		$ 11.7
Trade Names [Member] | Diamond Chain [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired		$ 12.3
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		0 years

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Inventories, net:
Manufacturing supplies	$ 31.9	$ 32.4
Raw materials	102.4	102.4
Work in process	289	287.7
Inventory, Finished Goods, Gross	426.5	452.7
Subtotal	849.8	875.2
Allowance for obsolete and surplus inventory	(44.5)	(39.5)
Total Inventories, net	$ 805.3	$ 835.7

Inventories (Details Textual)

Inventories (Details Textual) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Percentage of LIFO Inventory	44.00%
Percentage of FIFO Inventory	56.00%
Inventory Reserve (LIFO)	$ 173.3	$ 173.9

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment:
Land and buildings	$ 474.9	$ 484.1
Machinery and equipment	2,038	2,002.4
Subtotal	2,512.9	2,486.5
Accumulated depreciation	(1,606.1)	(1,574.4)
Property, Plant and Equipment, net	$ 906.8	$ 912.1

Property, Plant and Equipment_3

Property, Plant and Equipment (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Property Plant and Equipment (Textual) [Abstract]
Depreciation expense		$ 99.2

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Goodwill [Line Items]
Goodwill, Acquired During Period	$ 20.4
Goodwill, Other Increase (Decrease)	26.2
Change in the carrying amount of Goodwill
Goodwill, Beginning Balance	960.5
Goodwill, Ending Balance	954.7
Mobile Industries [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	0.7
Goodwill, Other Increase (Decrease)	(10.9)
Change in the carrying amount of Goodwill
Goodwill, Beginning Balance	349.7
Goodwill, Ending Balance	339.5
Process Industries [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	19.7
Goodwill, Other Increase (Decrease)	(15.3)
Change in the carrying amount of Goodwill
Goodwill, Beginning Balance	610.8
Goodwill, Ending Balance	$ 615.2

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Details 1) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Intangible assets subject to amortization:
Intangible assets, Gross Carrying Amount	$ 1,048.2		$ 1,045
Intangible assets, Accumulated Amortization	457.7		416.7
Intangible assets, Net Carrying Amount	590.5		628.3
Intangible assets not subject to amortization:
Trade name	103.6		96.2
FAA air agency certificates	8.7		8.7
Indefinite Lived Intangible Assets Net	112.3		104.9
Total intangible assets, Gross Carrying Amount	1,160.5		1,149.9
Total intangible assets, Net Carrying Amount	702.8	$ 733.9	733.2
Customer Relationships [Member]
Intangible assets subject to amortization:
Intangible assets, Gross Carrying Amount	481.7		481.5
Intangible assets, Accumulated Amortization	120.6		99.8
Intangible assets, Net Carrying Amount	361.1		381.7
Technology-Based Intangible Assets [Member]
Intangible assets subject to amortization:
Intangible assets, Gross Carrying Amount	244.9		245
Intangible assets, Accumulated Amortization	50.7		40.4
Intangible assets, Net Carrying Amount	194.2		204.6
Trademarks [Member]
Intangible assets subject to amortization:
Intangible assets, Gross Carrying Amount	11.9		11.3
Intangible assets, Accumulated Amortization	5.6		4.8
Intangible assets, Net Carrying Amount	6.3		6.5
Computer Software, Intangible Asset [Member]
Intangible assets subject to amortization:
Intangible assets, Gross Carrying Amount	268.6		266.4
Intangible assets, Accumulated Amortization	243.6		236.5
Intangible assets, Net Carrying Amount	25		29.9
Unclassified Indefinite-lived Intangible Assets [Member]
Intangible assets subject to amortization:
Intangible assets, Gross Carrying Amount	41.1		40.8
Intangible assets, Accumulated Amortization	37.2		35.2
Intangible assets, Net Carrying Amount	$ 3.9		$ 5.6

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Apr. 01, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill	$ 954.7			$ 960.5
Goodwill and Other Intangible Assets (Textual) [Abstract]
Amortization expense for intangible assets	43.3	$ 32.4
Future Amortization Expense Year 2015	55.8
Future Amortization Expense Year 2016	52.2
Future Amortization Expense Year 2017	48.3
Future Amortization Expense Year 2018	43.7
Future Amortization Expense Year 2019	40.8
Goodwill, Acquired During Period	20.4
Goodwill, Other Increase (Decrease)	26.2
Diamond Chain [Member]
Goodwill [Line Items]
Goodwill			$ 18.6
Mobile Industries [Member]
Goodwill [Line Items]
Goodwill	339.5			349.7
Goodwill and Other Intangible Assets (Textual) [Abstract]
Goodwill, Acquired During Period	0.7
Goodwill, Other Increase (Decrease)	(10.9)
Process Industries [Member]
Goodwill [Line Items]
Goodwill	615.2			$ 610.8
Goodwill and Other Intangible Assets (Textual) [Abstract]
Goodwill, Acquired During Period	19.7
Goodwill, Other Increase (Decrease)	$ (15.3)

Leases (Details)

Leases (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
Leases [Abstract]
Finance Lease, Right-of-Use Asset	$ 3.6	$ 3.6
Finance Lease, Liability, Current	0.3	0.3
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	8.5	8.5
Finance Lease, Liability, Payments, Due in Next Rolling Twelve Months	0.3	0.3
Lessee, Operating Lease, Liability, Payments, Due Year Two	29.3	29.3
Operating Lease, Payments	9.1	26.8	$ 0
Finance Lease, Principal Payments	0.2	1.3
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	14.6	54
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 0.3	$ 1.1
Operating Lease, Weighted Average Remaining Lease Term	5 years 4 months 24 days	5 years 4 months 24 days
Finance Lease, Weighted Average Remaining Lease Term	3 years 4 months 24 days	3 years 4 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	3.90%	3.90%
Finance Lease, Weighted Average Discount Rate, Percent	2.70%	2.70%
Operating Lease, Right-of-Use Asset	$ 115	$ 115		$ 114.1	$ 0
Operating Lease, Liability, Current	28	28		29.8	0
Operating Lease, Liability, Noncurrent	72.3	72.3		$ 69.7	$ 0
Operating Lease, Expense	9	27.7	$ 0
Finance Lease, Right-of-Use Asset, Amortization	0.3	0.9
Finance Lease, Liability, Payments, Due in Rolling Year Two	0.9	0.9
Lessee, Operating Lease, Liability, Payments, Due Year Three	20.5	20.5
Finance Lease, Liability, Payments, Due in Rolling Year Three	0.9	0.9
Lessee, Operating Lease, Liability, Payments, Due Year Four	15	15
Finance Lease, Liability, Payments, Due in Rolling Year Four	0.7	0.7
Lessee, Operating Lease, Liability, Payments, Due Year Five	11.2	11.2
Finance Lease, Liability, Payments, Due in Rolling Year Five	0.2	0.2
Lessee, Operating Lease, Liability, Payments, Due after Year Five	26.6	26.6
Finance Lease, Liability, Payments, Due in Rolling after Year Five	0	0
Operating Lease, Liability	111.1	111.1
Finance Lease, Liability, Payment, Due	3	3
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(10.8)	(10.8)
Finance Lease, Liability, Undiscounted Excess Amount	(0.2)	(0.2)
Operating Lease, Liability	100.3	100.3
Lease, Cost	9.3	28.6
Finance Lease, Liability, Noncurrent	2.5	2.5
Finance Lease, Liability	$ 2.8	$ 2.8

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Accrual for Environmental Loss Contingencies	$ 5.3	$ 5.5
Standard Product Warranty Accrual	$ 5.6	$ 7.1

Financing Arrangements (Details

Financing Arrangements (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Short-term Debt [Line Items]
Short-term debt	$ 34.8	$ 33.6
Line of Credit Accounts Receivable Securitization [Member]
Short-term Debt [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	3.09%	3.22%
Short-term debt	$ 12.8	$ 0
Foreign Subsidiary [Member]
Short-term Debt [Line Items]
Line of Credit Stated Variable Interest Rate Low Range	0.23%	0.29%
Short-term debt	$ 22	$ 33.6
Euro Term Loan - Variable Rate [Member]
Short-term Debt [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	1.13%	1.13%
Senior Unsecured Notes - 3.875% [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.875%
Debt Instrument, Maturity Date	Sep. 1, 2024
Series A Medium Term Note [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date	May 1, 2028
Series A Medium Term Note [Member] | Maximum [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.76%
Series A Medium Term Note [Member] | Minimum [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.74%
Euro Senior Unsecured Notes - 2.02% [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.02%

Financing Arrangements (Detai_2

Financing Arrangements (Details 1) € in Millions, $ in Millions	Sep. 30, 2019EUR (€)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Long-term debt
Total Long-term debt		$ 1,615.3	$ 1,648
Less current maturities		61.8	9.4
Long-term debt		$ 1,553.5	1,638.6
Senior Unsecured Notes - 3.875% [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.875%	3.875%
Euro Senior Unsecured Notes - 2.02% [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.02%	2.02%
Senior Unsecured Notes - 4.5% [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.50%	4.50%
Long-term debt
Total Long-term debt		$ 396.1	395.8
Other Long Term Debt [Member]
Long-term debt
Total Long-term debt		3.3	5.4
Euro Term Loan - Variable Rate [Member]
Long-term debt
Total Long-term debt	€ 48.5	$ 52.8	107.1
Euro Senior Unsecured Notes - 2.02% [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.02%	2.02%
Long-term debt
Total Long-term debt		$ 163	171.4
Senior Unsecured Notes - Variable Rate [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity		580.7
Long-term debt
Total Long-term debt		69.3	43.9
Senior Unsecured Notes - 3.875% [Member]
Long-term debt
Total Long-term debt		348.3	347.7
Series A Medium Term Note [Member]
Long-term debt
Total Long-term debt		$ 154.6	154.6
Line of Credit Accounts Receivable Securitization [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	3.09%	3.09%
Line of Credit Facility, Remaining Borrowing Capacity		$ 0
Long-term debt
Total Long-term debt		87.2	75
Term Loan - Variable Rate [Member]
Long-term debt
Total Long-term debt		$ 340.7	$ 347.1

Financing Arrangements (Detai_3

Financing Arrangements (Details Textual) € in Millions, $ in Millions	Jun. 25, 2019	Sep. 11, 2018USD ($)	Sep. 06, 2018USD ($)	Sep. 18, 2017USD ($)	Sep. 07, 2017EUR (€)	Sep. 30, 2019EUR (€)	Sep. 30, 2019EUR (€)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Line of Credit Facility [Line Items]
Short-term Debt										$ 34.8	$ 33.6
Long-term Fixed-rate Debt, Carrying Value										1,062.6	1,070.7
Financing Arrangements (Textual) [Abstract]
Proceeds from Issuance of Long-term Debt								$ 451	$ 1,286.1
Line of Credit Facility, Fair Value of Amount Outstanding										1,615.3	1,648
Accounts Receivable, after Allowance for Credit Loss, Current										$ 548.3	$ 546.6
Euro Term Loan - Variable Rate [Member]
Financing Arrangements (Textual) [Abstract]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate						1.13%	1.13%			1.13%	1.13%
Euro Senior Unsecured Notes - 2.02% [Member]
Financing Arrangements (Textual) [Abstract]
Debt Instrument, Interest rate						2.02%	2.02%			2.02%
Senior Unsecured Notes - 3.875% [Member]
Financing Arrangements (Textual) [Abstract]
Debt Instrument, Interest rate						3.875%	3.875%			3.875%
Debt Instrument, Maturity Date							Sep. 1, 2024	Sep. 1, 2024
Series A Medium Term Note [Member]
Financing Arrangements (Textual) [Abstract]
Debt Instrument, Maturity Date							May 1, 2028	May 1, 2028
Senior Unsecured Notes - 4.5% [Member]
Financing Arrangements (Textual) [Abstract]
Debt Instrument, Issuance Date			Sep. 6, 2018
Proceeds from Issuance of Long-term Debt			$ 400
Line of Credit Facility, Fair Value of Amount Outstanding										$ 396.1	$ 395.8
Debt Instrument, Interest rate						4.50%	4.50%			4.50%
Debt Instrument, Maturity Date			Dec. 15, 2028
Euro Term Loan - Variable Rate [Member]
Financing Arrangements (Textual) [Abstract]
Debt Instrument, Issuance Date				Sep. 18, 2017
Proceeds from Issuance of Long-term Debt				$ 100
Line of Credit Facility, Fair Value of Amount Outstanding						€ 48.5	€ 48.5			$ 52.8	107.1
Debt Instrument, Maturity Date				Sep. 18, 2020
Early Repayment of Senior Debt | €						€ 23.5
Repayments of Senior Debt | €							€ 51.5
Euro Senior Unsecured Notes - 2.02% [Member]
Financing Arrangements (Textual) [Abstract]
Debt Instrument, Issuance Date					Sep. 7, 2017
Proceeds from Issuance of Long-term Debt | €					€ 150
Line of Credit Facility, Fair Value of Amount Outstanding										$ 163	171.4
Debt Instrument, Interest rate						2.02%	2.02%			2.02%
Debt Instrument, Maturity Date					Sep. 7, 2027
Senior Unsecured Notes - Variable Rate [Member]
Financing Arrangements (Textual) [Abstract]
Maximum borrowing capacity under line of credit										$ 650
Remaining Borrowing Capacity under Line of Credit Facility of Company's foreign subsidiaries										580.7
Debt Instrument, Issuance Date	Jun. 25, 2019
Line of credit expiration date							Jun. 25, 2024	Jun. 25, 2024
Line of Credit Facility, Fair Value of Amount Outstanding										$ 69.3	$ 43.9
Long-term Debt, Weighted Average Interest Rate, at Point in Time						3.26%	3.26%			3.26%	3.40%
Senior Unsecured Notes - Variable Rate [Member] | Euro Member Countries, Euro
Financing Arrangements (Textual) [Abstract]
Long-term Debt, Weighted Average Interest Rate, at Point in Time						1.00%	1.00%			1.00%	1.10%
Foreign Subsidiary [Member]
Line of Credit Facility [Line Items]
Short-term Debt										$ 22	$ 33.6
Financing Arrangements (Textual) [Abstract]
Maximum borrowing capacity under line of credit										261.9
Borrowings guarantees										0.3
Remaining Borrowing Capacity under Line of Credit Facility of Company's foreign subsidiaries										$ 239.6
Line of Credit stated variable interest rate, High Range						2.28%	2.28%			2.28%	1.00%
Line of Credit Accounts Receivable Securitization [Member]
Line of Credit Facility [Line Items]
Short-term Debt										$ 12.8	$ 0
Financing Arrangements (Textual) [Abstract]
Maximum borrowing capacity under line of credit										100
Remaining Borrowing Capacity under Line of Credit Facility of Company's foreign subsidiaries										0
Line of credit expiration date							Nov. 30, 2021	Nov. 30, 2021
Line of Credit Facility, Current Borrowing Capacity										100
Line of Credit Facility, Fair Value of Amount Outstanding										$ 87.2	$ 75
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate						3.09%	3.09%			3.09%	3.22%
Term Loan - Variable Rate [Member]
Financing Arrangements (Textual) [Abstract]
Debt Instrument, Issuance Date		Sep. 11, 2018
Proceeds from Issuance of Long-term Debt		$ 350
Line of Credit Facility, Fair Value of Amount Outstanding										$ 340.7	$ 347.1
Debt Instrument, Maturity Date		Sep. 11, 2023
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate						3.65%	3.65%			3.65%	3.77%
Debt Instrument, Repurchase Date							Jul. 12, 2019	Jul. 12, 2019
Minimum [Member] | Series A Medium Term Note [Member]
Financing Arrangements (Textual) [Abstract]
Debt Instrument, Interest rate						6.74%	6.74%			6.74%
Maximum [Member] | Series A Medium Term Note [Member]
Financing Arrangements (Textual) [Abstract]
Debt Instrument, Interest rate						7.76%	7.76%			7.76%

Equity (Details)

Equity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Apr. 01, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Common Stock, Value, Outstanding	$ 53.1	$ 53.1	$ 53.1	$ 53.1	$ 53.1		$ 53.1	$ 53.1	$ 53.1
Additional Paid in Capital, Common Stock	945.5	945.1	945.5	945.1	941.3		951.9	907.2	903.8
Retained Earnings (Accumulated Deficit)	1,815	1,595.4	1,815	1,595.4	1,772		1,630.2	1,545.3	1,408.4
Accumulated Other Comprehensive Income (Loss), Net of Tax	(80.1)	(88.8)	(80.1)	(88.8)	(97.5)		(95.3)	(69.9)	(38.3)
Treasury Stock, Value	(988.7)	(924.9)	(988.7)	(924.9)	(957.6)		(960.3)	(913.9)	(884.3)
Stockholders' Equity Attributable to Noncontrolling Interest	72.7	60.5	72.7	60.5	$ 72.3		$ 63.1	$ 30.5	32.2
Stockholders' Equity Roll Forward
Beginning Balance	1,783.6	1,552.3	1,642.7	1,474.9
Net income	66.7	72.3	256.9	244.7
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(63)	(24.3)	(62.1)	(62.5)
Pension and postretirement liability adjustment (net of the income tax benefit of $1.5 million)	76.7	0	76.6	0
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	1.9	(0.4)	0.5	4
Payments of Ordinary Dividends	(0.3)		(0.3)
Stock Issued During Period, Value, Acquisitions		66		66
Dividends - $0.26 per share	(21.2)	(21.5)	(63.8)	(64.2)
Stock-based compensation expense	5.8	7.7	20.7	25.5
Payments for Repurchase of Common Stock	(32.5)	(13.4)	(56.1)	(63)
Stock option exercise activity	(1)	(2.1)	(9.9)	(12.7)
Restricted shares surrendered (issued)	0	0	0	0
Payment, Tax Withholding, Share-based Payment Arrangement	(1.2)	(0.4)	(9.3)	(5.4)
Ending Balance	1,817.5	1,640.4	1,817.5	1,640.4
Other Paid-In Capital [Member]
Stockholders' Equity Roll Forward
Stock Issued During Period, Value, Acquisitions		30.9		30.9
Stock-based compensation expense	5.8	7.7	20.7	25.5
Stock option exercise activity	(1)	(0.6)	(4.4)	(3.7)
Restricted shares surrendered (issued)	(0.6)	(0.1)	(22.7)	(11.4)
Earnings Invested in the Business [Member]
Stockholders' Equity Roll Forward
Net income	64.2	71.6	248.6	242.8
Dividends - $0.26 per share	(21.2)	(21.5)	(63.8)	(64.2)
Accumulated Other Comprehensive (Loss) [Member]
Stockholders' Equity Roll Forward
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(61.2)	(18.5)	(61.9)	(53.8)
Pension and postretirement liability adjustment (net of the income tax benefit of $1.5 million)	76.7		76.6
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	1.9	(0.4)	0.5	4
Treasury Stock [Member]
Stockholders' Equity Roll Forward
Payments for Repurchase of Common Stock	(32.5)	13.4	(56.1)	63
Stock option exercise activity	(2)	(2.7)	(14.3)	(16.4)
Restricted shares surrendered (issued)	0.6	0.1	22.7	11.4
Payment, Tax Withholding, Share-based Payment Arrangement	(1.2)	0.4	(9.3)	5.4
Noncontrolling Interest [Member]
Stockholders' Equity Roll Forward
Net income	2.5	0.7	8.3	1.9
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(1.8)	(5.8)	(0.2)	(8.7)
Payments of Ordinary Dividends	$ 0.3		$ 0.3
Stock Issued During Period, Value, Acquisitions		35.1		35.1
Accounting Standards Update 2014-09 [Member]
Stockholders' Equity Roll Forward
Cumulative Effect of New Accounting Principle in Period of Adoption		7.7		7.7
Accounting Standards Update 2014-09 [Member] | Earnings Invested in the Business [Member]
Stockholders' Equity Roll Forward
Cumulative Effect of New Accounting Principle in Period of Adoption		7.7		7.7
Accounting Standard Update 2018-02 [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax									$ (39)
Stockholders' Equity Roll Forward
Cumulative Effect of New Accounting Principle in Period of Adoption		0		0
Accounting Standard Update 2018-02 [Member] | Earnings Invested in the Business [Member]
Stockholders' Equity Roll Forward
Cumulative Effect of New Accounting Principle in Period of Adoption		0.7		0.7
Accounting Standard Update 2018-02 [Member] | Accumulated Other Comprehensive (Loss) [Member]
Stockholders' Equity Roll Forward
Cumulative Effect of New Accounting Principle in Period of Adoption		$ (0.7)		$ (0.7)
Diamond Chain [Member]
Stockholders' Equity Roll Forward
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value						$ 1.8
Diamond Chain [Member] | Noncontrolling Interest [Member]
Stockholders' Equity Roll Forward
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value						$ 1.8

Equity (Details Textual)

Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Class of Stock [Line Items]
Net Income (Loss) Attributable to Parent	$ 25.7	$ (0.1)	$ 25.3	$ 1.3
Equity (Textual) [Abstract]
Dividend per share	$ 0.28	$ 0.28	$ 0.84	$ 0.83
Accounting Standards Update 2014-09 [Member]
Class of Stock [Line Items]
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle				$ 2.6

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ 43.9	$ (23.3)	$ 45	$ (57.5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(2.6)	(1.5)	(4.7)	0.3
Net Income (Loss) Attributable to Parent	(25.7)	0.1	(25.3)	(1.3)
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance	(97.5)	(69.9)	(95.3)	(38.3)
Net current period other comprehensive (loss) income, net of income taxes	15.6	(24.7)	15	(58.5)
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest	1.8	5.8	0.2	8.7
Accumulated Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	17.4	(18.9)	15.2	(50.5)
Ending Balance	(80.1)	(88.8)	(80.1)	(88.8)
Foreign currency translation adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(63)	(24.3)	(62.1)	(62.5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	0	0	0
Net Income (Loss) Attributable to Parent	0	0	0	0
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance	(96.3)	(70.4)	(95.6)	(35.1)
Net current period other comprehensive (loss) income, net of income taxes	(63)	(24.3)	(62.1)	(62.5)
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest	1.8	5.8	0.2	8.7
Accumulated Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(61.2)	(18.5)	(61.9)	(53.8)
Ending Balance	(157.5)	(88.9)	(157.5)	(88.9)
Pension and postretirement liability adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	103.7	0	103.7	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(1.6)	0	(1.8)	0
Net Income (Loss) Attributable to Parent	(25.4)	0	(25.3)	0
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance	(0.1)	(0.4)	0	(0.3)
Net current period other comprehensive (loss) income, net of income taxes	76.7	0	76.6	0
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest	0	0	0	0
Accumulated Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	76.7	0	76.6	(0.1)
Ending Balance	76.6	(0.4)	76.6	(0.4)
Derivative financial instruments fair value adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, before Tax	3.2	1	3.4	5
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(1)	(1.5)	(2.9)	0.3
Net Income (Loss) Attributable to Parent	(0.3)	0.1	0	(1.3)
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance	(1.1)	0.9	0.3	(2.9)
Net current period other comprehensive (loss) income, net of income taxes	1.9	(0.4)	0.5	4
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest	0	0	0	0
Accumulated Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	1.9	(0.4)	0.5	3.4
Ending Balance	$ 0.8	$ 0.5	$ 0.8	0.5
Accounting Standard Update 2018-02 [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance				(39)
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle				(0.7)
Accounting Standard Update 2018-02 [Member] | Foreign currency translation adjustment [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance				(35.1)
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle				0
Accounting Standard Update 2018-02 [Member] | Pension and postretirement liability adjustment [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance				(0.4)
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle				(0.1)
Accounting Standard Update 2018-02 [Member] | Derivative financial instruments fair value adjustment [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance				(3.5)
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle				$ (0.6)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net Income (Loss) Attributable to Parent	$ 64.2	$ 71.6	$ 248.6	$ 242.8
Less Undistributed Earnings (Loss) Allocated to Nonvested Stock	$ 0	$ 0	$ 0	$ 0
Denominator:
Weighted Average Number of Shares Outstanding, Basic	75,628,410	76,903,395	75,864,544	77,332,209
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	964,284	1,524,710	1,037,882	1,313,294
Weighted average number of shares outstanding, assuming dilution of stock options and awards	76,592,694	78,428,105	76,902,426	78,645,503
Basic earnings per share	$ 0.85	$ 0.93	$ 3.28	$ 3.14
Diluted earnings per share	$ 0.84	$ 0.91	$ 3.23	$ 3.09

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share (Textual) [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,445,986	923,588	1,355,247	852,318

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 914,000,000	$ 881,300,000	$ 2,893,700,000	$ 2,670,700,000
Unbilled Receivables, Current	(151,600,000)		(151,600,000)		$ (116,600,000)
Increase (Decrease) in Cost in Excess of Billing on Uncompleted Contract			320,000,000
Contract with Customer, Asset, Reclassified to Receivable			285,000,000
Revenue, Remaining Performance Obligation, Amount	231,000,000		231,000,000
U.S. Government [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			0.08	0.07
Sales Channel, Directly to Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			0.56	0.58
Sales Channel, Through Intermediary [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			0.44	0.42
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			0.11	0.09
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	441,800,000	448,200,000	1,410,700,000	1,335,900,000
Canada Mexico and South America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	95,800,000	94,500,000	285,900,000	292,300,000
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	205,500,000	175,300,000	662,500,000	558,900,000
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	170,900,000	163,300,000	534,600,000	483,600,000
Mobile Industries [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	455,100,000	464,200,000	1,448,800,000	1,441,800,000
Mobile Industries [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	245,800,000	255,300,000	778,100,000	774,400,000
Mobile Industries [Member] | Canada Mexico and South America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	54,700,000	51,600,000	160,400,000	160,300,000
Mobile Industries [Member] | EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	85,300,000	89,300,000	288,200,000	292,500,000
Mobile Industries [Member] | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	69,300,000	68,000,000	222,100,000	214,600,000
Process Industries [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	458,900,000	417,100,000	1,444,900,000	1,228,900,000
Process Industries [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	196,000,000	192,900,000	632,600,000	561,500,000
Process Industries [Member] | Canada Mexico and South America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	41,100,000	42,900,000	125,500,000	132,000,000
Process Industries [Member] | EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	120,200,000	86,000,000	374,300,000	266,400,000
Process Industries [Member] | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 101,600,000	$ 95,300,000	312,500,000	269,000,000
Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			$ 0.05	$ 0.06

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 914	$ 881.3	$ 2,893.7	$ 2,670.7
Segment EBIT:
Total EBIT for reportable segments	147.6	132.4	477.3	410.2
Unallocated corporate expenses	(11.4)	(17.9)	(41.1)	(47.2)
Interest expense	(18.2)	(12.5)	(55.5)	(33.2)
Investment Income, Interest	1.1	0.6	3.5	1.5
Income (Loss) Before Income Taxes	102.2	97.3	367.3	328.2
Mobile Industries [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	455.1	464.2	1,448.8	1,441.8
Segment EBIT:
Total EBIT for reportable segments	52	50.6	172.5	156.2
Process Industries [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	458.9	417.1	1,444.9	1,228.9
Segment EBIT:
Total EBIT for reportable segments	$ 95.6	$ 81.8	$ 304.8	$ 254

Retirement Benefit Plans (Detai

Retirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Components of net periodic benefit cost:
Defined Benefit Plan, Actuarial Gain (Loss), Immediate Recognition as Component in Net Periodic Benefit (Cost) Credit	$ (16.9)	$ (5.3)	$ (16.9)	$ (3.1)
Pension Plan [Member]
Components of net periodic benefit cost:
Service cost	3	3.7	9	10.9
Interest cost	7.5	7.8	23.2	23.2
Expected return on plan assets	8.8	10.5	26.8	31
Amortization of prior service cost	0.4	0.5	1.3	1.3
Defined Benefit Plan, Actuarial Gain (Loss), Immediate Recognition as Component in Net Periodic Benefit (Cost) Credit	(7)	(4.8)	(7)	(2.4)
Net periodic benefit cost	9.1	6.3	13.7	6.8
Pension Plan [Member] | UNITED STATES
Components of net periodic benefit cost:
Service cost	2.6	3.3	7.8	9.7
Interest cost	5.7	6	17.7	17.7
Expected return on plan assets	6.4	7.6	19.2	22.2
Amortization of prior service cost	0.4	0.4	1.2	1.2
Defined Benefit Plan, Actuarial Gain (Loss), Immediate Recognition as Component in Net Periodic Benefit (Cost) Credit	(7)	(4.8)	(7)	(2.4)
Net periodic benefit cost	9.3	6.9	14.5	8.8
Defined Benefit Plan, Plan Assets, Contributions by Employer	24		34
Pension Plan [Member] | Foreign Plan [Member]
Components of net periodic benefit cost:
Service cost	0.4	0.4	1.2	1.2
Interest cost	1.8	1.8	5.5	5.5
Expected return on plan assets	2.4	2.9	7.6	8.8
Amortization of prior service cost	0	0.1	0.1	0.1
Defined Benefit Plan, Actuarial Gain (Loss), Immediate Recognition as Component in Net Periodic Benefit (Cost) Credit	0	0	0	0
Net periodic benefit cost	$ (0.2)	$ (0.6)	$ (0.8)	$ (2)

Postretirement Benefit Plans (D

Postretirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Increase (Decrease) in Obligation, Other Postretirement Benefits			$ (103.5)
Defined Benefit Plan, Actuarial Gain (Loss), Immediate Recognition as Component in Net Periodic Benefit (Cost) Credit	$ (16.9)	$ (5.3)	(16.9)	$ (3.1)
Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost	0	0	0.1	0.1
Defined Benefit Plan, Interest Cost	1.2	1.9	5	5.6
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	0.8	0.9	2.4	2.8
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(2)	(0.4)	(3.1)	(1.2)
Defined Benefit Plan, Actuarial Gain (Loss), Immediate Recognition as Component in Net Periodic Benefit (Cost) Credit	(9.9)	0	(9.9)	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 8.3	$ 0.6	$ 9.5	$ 1.7

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Excluding discrete items [Line Items]
Provision (benefit) for income taxes	$ 35.5	$ 25	$ 110.4	$ 83.5
Effective Income Tax Rate Reconciliation, Percent	34.70%	25.70%	30.10%	25.40%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%
Deferred Income Tax Expense (Benefit)			$ 1.7	$ 2.2

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	$ 46.8	$ 26.6
Restricted cash	0.5	0.6
Short-term investments	0.1
Fair Value, Recurring [Member]
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	134.6	105.9
Restricted cash	0.5	0.6
Short-term investments	20.8	21.8
Foreign currency hedges	11.7	4.6
Total Assets	214.5	159.5
Foreign currency hedges	0.3	0.7
Total Liabilities	0.3	0.7
Fair Value, Recurring [Member] | Level 1 [Member]
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	133.2	104.4
Restricted cash	0.5	0.6
Short-term investments	0	0
Foreign currency hedges	0	0
Total Assets	133.7	105
Foreign currency hedges	0	0
Total Liabilities	0	0
Fair Value, Recurring [Member] | Level 2 [Member]
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	1.4	1.5
Restricted cash	0	0
Short-term investments	20.8	21.8
Foreign currency hedges	11.7	4.6
Total Assets	33.9	27.9
Foreign currency hedges	0.3	0.7
Total Liabilities	0.3	0.7
Fair Value, Recurring [Member] | Level 3 [Member]
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	0	0
Restricted cash	0	0
Short-term investments	0	0
Foreign currency hedges	0	0
Total Assets	0	0
Foreign currency hedges	0	0
Total Liabilities	$ 0	$ 0

Fair Value (Details Textual)

Fair Value (Details Textual) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 1,157.2	$ 1,077.5
Long-term Fixed-rate Debt, Carrying Value	$ 1,062.6	$ 1,070.7

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 6.3	$ (0.8)	$ 9	$ (6.4)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position	$ 230.9		$ 230.9		$ 218.8

Uncategorized Items - tkr10-q93

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 125,400,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 133,100,000