The Timken Company (TKR) 10-Q 26 Oct 22 2022 Q3 Quarterly report Financial data

Cover

Cover	9 Months Ended
	Sep. 30, 2022 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	1-1169
Entity Registrant Name	TIMKEN CO
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-0577130
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
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	72,743,592
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000098362
Current Fiscal Year End Date	--12-31

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 1,136.4	$ 1,037.3	$ 3,414.7	$ 3,125.6
Cost of products sold	813.6	769.4	2,422.7	2,256.2
Gross Profit	322.8	267.9	992	869.4
Selling, general and administrative expenses	159.8	140.7	469.8	434.2
Impairment and restructuring charges	31.3	2.9	42.3	8.2
Operating Income	131.7	124.3	479.9	427
Interest expense	(19.3)	(14.8)	(51.9)	(45)
Interest income	1.1	0.5	2.7	1.7
Non-service pension and other postretirement income (expense)	1.3	0.5	(5.3)	5.9
Other income, net	2.3	1.5	1.4	0.3
Income Before Income Taxes	117.1	112	426.8	389.9
Provision for income taxes	26.7	20.4	108.9	75.1
Net Income	90.4	91.6	317.9	314.8
Less: Net income attributable to noncontrolling interest	3.4	3.5	7.7	8.6
Net Income Attributable to The Timken Company	$ 87	$ 88.1	$ 310.2	$ 306.2
Net Income per Common Share Attributable to The Timken Company Common Shareholders
Basic earnings per share (in dollars per share)	$ 1.19	$ 1.16	$ 4.20	$ 4.03
Diluted earnings per share (in dollars per share)	$ 1.18	$ 1.14	$ 4.16	$ 3.97

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net Income	$ 90.4	$ 91.6	$ 317.9	$ 314.8
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(136.8)	(32.9)	(272.5)	(54.1)
Pension and postretirement liability adjustments	(1.4)	(1.5)	(4.3)	(4.8)
Change in fair value of derivative financial instruments	1.8	2.5	6	4.5
Other comprehensive loss, net of tax	(136.4)	(31.9)	(270.8)	(54.4)
Comprehensive income (loss), net of tax	(46)	59.7	47.1	260.4
Less: comprehensive income attributable to noncontrolling interest	0.1	3.7	2.9	7.8
Comprehensive income (loss) attributable to The Timken Company	$ (46.1)	$ 56	$ 44.2	$ 252.6

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 300.9	$ 257.1
Restricted cash	0.7	0.8
Accounts receivable, less allowances (2022 – $16.1 million; 2021 – $16.9 million)	735.5	626.4
Unbilled receivables	83.6	104.5
Inventories, net	1,132.6	1,042.7
Deferred charges and prepaid expenses	40.1	32.2
Other current assets	160.1	149.8
Total Current Assets	2,453.5	2,213.5
Property, Plant and Equipment, net	1,069	1,055.3
Other Assets
Goodwill	979.1	1,022.7
Other intangible assets	594.7	668.8
Operating lease assets	102.4	118.9
Deferred income taxes	56.7	67.6
Other non-current assets	26.5	23.9
Total Other Assets	1,759.4	1,901.9
Total Assets	5,281.9	5,170.7
Current Liabilities
Accounts payable, trade	373.4	430
Short-term debt, including current portion of long-term debt	371.8	53.8
Salaries, wages and benefits	142.8	136
Income taxes payable	27.6	26.2
Other current liabilities	293.4	250.6
Total Current Liabilities	1,209	896.6
Non-Current Liabilities
Long-term debt	1,411.3	1,411.1
Accrued pension benefits	162	155.6
Accrued postretirement benefits	44.2	45.8
Long-term operating lease liabilities	67.1	77.6
Deferred income taxes	114	121.4
Other non-current liabilities	95.5	84.9
Total Non-Current Liabilities	1,894.1	1,896.4
Shareholders’ Equity
Class I and II Serial Preferred Stock, without par value: Authorized – shares each class, none issued	0	0
Stated capital	40.7	40.7
Other paid-in capital	817.2	786.9
Retained earnings	1,857.4	1,616.4
Accumulated other comprehensive loss	(289)	(23)
Treasury shares at cost (2022 – 4,921,772 shares; 2021 – 1,715,282 shares)	(332.7)	(126.1)
Total Shareholders’ Equity	2,093.6	2,294.9
Noncontrolling Interest	85.2	82.8
Total Equity	2,178.8	2,377.7
Total Liabilities and Equity	$ 5,281.9	$ 5,170.7

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Allowances for accounts receivable	$ 16.1	$ 16.9
Common stock authorized (in shares)	200,000,000	200,000,000
Common stock issued (in shares)	77,665,364	77,090,104
Treasury stock (in shares)	4,921,772	1,715,282
Preferred Class A
Preferred stock authorized (Class I & Class II Preferred stock) (in shares)	10,000,000	10,000,000
Preferred stock issued (Class I & Class II Preferred stock) (in shares)	0	0
Preferred Class B
Preferred stock authorized (Class I & Class II Preferred stock) (in shares)	10,000,000	10,000,000
Preferred stock issued (Class I & Class II Preferred stock) (in shares)	0	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating Activities
Net Income	$ 317.9	$ 314.8
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	122	126.5
Impairment charges	38.3	4.5
Loss on sale of assets	1	1
Loss on divestiture	2.1	0
Acquisition-related gain	0	(0.9)
Deferred income tax provision (benefit)	4.1	(6.4)
Stock-based compensation expense	22.3	15.6
Pension and other postretirement expense	11.9	2.9
Pension and other postretirement benefit contributions and payments	(11.5)	(18.2)
Changes in operating assets and liabilities:
Accounts receivable	(157)	(127.5)
Unbilled receivables	(5.2)	25.1
Inventories	(147.1)	(144.2)
Accounts payable, trade	(12.6)	60.5
Other accrued expenses	45.8	50.2
Income taxes	3.2	(0.3)
Other, net	(12.9)	(19)
Net Cash Provided by Operating Activities	222.3	284.6
Investing Activities
Capital expenditures	(122.5)	(103.6)
Acquisitions, net of cash acquired of $0.2 million	(152.4)	(7.2)
Proceeds from disposal of property, plant and equipment	3.3	0
Proceeds from divestitures, net of cash divested	1	0
Investments in short-term marketable securities, net	27.8	(5.4)
Other, net	0.8	0.3
Net Cash Used in Investing Activities	(242)	(115.9)
Financing Activities
Cash dividends paid to shareholders	(69.2)	(69.5)
Purchase of treasury shares	(193.3)	(56.6)
Proceeds from exercise of stock options	4.2	25.4
Payments related to tax withholding for stock-based compensation	(9.5)	(23.5)
Borrowings on accounts receivable facility	197	186.1
Payments on accounts receivable facility	(197)	(244.1)
Proceeds from long-term debt	684.5	215
Payments on long-term debt	(347.7)	(224.4)
Deferred financing costs	(3.5)	0
Short-term debt activity, net	17	(30.3)
Noncontrolling interest dividends paid	(0.5)	(0.5)
Other	6.5	0
Net Cash Provided by (Used in) Financing Activities	88.5	(222.4)
Effect of exchange rate changes on cash	(25.1)	(4.8)
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	43.7	(58.5)
Cash, cash equivalents and restricted cash at beginning of year	257.9	321.1
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 301.6	$ 262.6

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Statement of Cash Flows [Abstract]
Cash acquired from acquisition	$ 0.2

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2022
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" or "Timken") 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, 2021.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	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, 2021. Recent Accounting Pronouncements: New Accounting Guidance Adopted: In October 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") ASU 2021-08, "Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers." ASU 2021-08 requires contract assets and contract liabilities acquired in a business combination to be recognized in accordance with ASC Topic 606 as if the acquirer had originated the contracts. This new guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. The Company adopted ASU 2021-08 effective January 1, 2022, and the impact of the adoption was not material to the Company's results of operations and financial condition. New Accounting Guidance Issued and Not Yet Adopted: In September 2022, the FASB issued ASU 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50)." ASU 2022-04 is intended to establish disclosures that enhance the transparency of a supplier finance program used by an entity in connection with the purchase of goods and services. Supplier finance programs, which also may be referred to as reverse factoring, payables finance or structured payables arrangements, allow a buyer to offer its suppliers the option for access to payment in advance of an invoice due date, which is paid by a third-party finance provider or intermediary. Under the guidance, a buyer in a supplier finance program would disclose qualitative and quantitative information about its supplier finance programs. The new guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted. The Company is currently evaluating the impact of the new guidance. In November 2021, the FASB issued ASU 2021-10, "Government Assistance (Topic 832)." ASU 2021-10 is intended to increase transparency of government assistance by requiring entities to disclose the types of government assistance, the entity's accounting for government assistance, and the effect of the government assistance on an entity's financial statements. This new guidance is effective for all entities for annual reporting periods beginning after December 15, 2021. The Company is currently evaluating the impact of the new guidance. Note 2 - Significant Accounting Policies (continued) In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASU 2020-04 is intended to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. This guidance is available immediately and may be implemented in any period prior to the guidance expiration on December 31, 2022. The Company is currently assessing which of its various contracts will require an update for a new reference rate and will determine the timing for implementation of this guidance after completing that analysis. The Company continues to monitor future amendments, such as the current proposal by the FASB to defer the sunset date of reference rate reform relief by two years to December 31, 2024, after which entities would no longer be permitted to apply the relief in Topic 848.

Acquisitions and Divestitures

Acquisitions and Divestitures	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	Note 3 - Acquisitions and Divestitures Acquisitions: On May 31, 2022, the Company completed the acquisition of Spinea, s.r.o. ("Spinea"), a European technology leader and manufacturer of highly engineered cycloidal reduction gears and actuators, with estimated 2022 full year sales of approximately $40.0 million. Spinea’s solutions primarily serve high-precision automation and robotics applications in the factory automation sector. Spinea is located in Presov, Slovakia. The purchase price for this acquisition was $152.4 million, net of cash acquired of $0.2 million, subject to customary post-closing adjustments. Based on markets and customers served, results for Spinea are reported in the Process Industries segment. The following table presents the purchase price allocation at fair value, for the Spinea acquisition as of September 30, 2022. Initial Purchase Assets: Accounts receivable $ 2.1 Inventories 20.9 Other current assets 2.9 Property, plant and equipment 82.0 Goodwill 39.2 Other intangible assets 32.1 Total assets acquired $ 179.2 Liabilities: Accounts payable, trade $ 7.4 Salaries, wages and benefits 1.5 Other current liabilities 1.2 Long-term debt 0.2 Deferred income taxes 1.0 Other non-current liabilities 15.5 Total liabilities assumed $ 26.8 Net assets acquired $ 152.4 Note 3 - Acquisitions and Divestitures (continued) The following table summarizes the preliminary purchase price allocation for identifiable intangible assets acquired in 2022: Preliminary Purchase Price Allocation Weighted - Average Life Trade names $ 8.2 20 years Technology and know-how 6.1 6 years Customer relationships 17.2 17 years Capitalized software 0.6 2 years Total intangible assets $ 32.1 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 judgement 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. The amounts in the table above represent the preliminary purchase price allocation for Spinea. This purchase price allocation, 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 are obtained. As of September 30, 2022, no elements of the purchase price allocation have been finalized. 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 has been completed on the acquisition date. On August 20, 2021, the Company completed the acquisition of the assets of Intelligent Machine Solutions ("iMS"), a manufacturer of industrial robotics and automation solutions, with annual sales of approximately $6.0 million. iMS is headquartered in Norton Shores, Michigan. The total purchase price for this acquisition was $7.7 million, including post-closing adjustments. In addition, the seller has the opportunity to earn $3.0 million of contingent performance-based consideration between January 1, 2022 and June 30, 2024. This additional component will be accounted for as compensation expense over that period. Based on markets and customers served, results for iMS are primarily reported in the Process Industries segment. The following table presents the final purchase price allocation at fair value for the iMS acquisition: Final Purchase Price Allocation Total assets acquired $ 9.8 Total liabilities assumed 2.1 Net assets acquired $ 7.7 On September 6, 2022, the Company entered into an agreement to acquire GGB Bearing Technology ("GGB Bearings"), a division of Enpro, Industries and a global technology and market leader of premium engineered metal-polymer plain bearings for $305 million subject to customary post-closing adjustments. GGB Bearings revenue is estimated to be $200 million for the full year 2022. GGB Bearings' products are used mainly in industrial applications, and the acquisition has manufacturing facilities across the United States, Europe and China. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2022 and will be funded with cash on hand and borrowings from existing credit facilities. Note 3 - Acquisitions and Divestitures (continued) Divestitures: On September 1, 2022, the Company completed the divestiture of Timken-Rus Service Company ooo ("Timken Russia"), one of its two subsidiaries in Russia. Timken Russia had net sales of $4.8 million and $19.6 million in 2022 and 2021, respectively. The results of operations of Timken Russia were reported in the Mobile Industries and Process Industries segments based on customers and underlying market sectors served. The Company recorded proceeds of $1.0 million, net of cash divested of $5.3 million, and recognized a loss of $2.1 million on the sale of the business. The loss was reflected in other income, net in the Consolidated Statement of Income. The Company made the decision to sell its Timken Aerospace Drive Systems, LLC ("ADS") business, located in Manchester, Connecticut. On October 7, 2022, the Company entered into a definitive agreement to sell the ADS business. During the third quarter of 2022, the business met the held for sale criteria, and the Company reclassified its assets and liabilities accordingly. Assets held for sale of $40.1 million are included in other current assets, and liabilities held for sale of $7.3 million are included in other current liabilities on the Consolidated Balance Sheet. As a result of the carrying value of the business exceeding the estimated sales price less costs to sell, the Company recorded an impairment charge of $29.3 million. The impairment charge is included in the impairment and restructuring line on the Consolidated Statement of Income. The Company expects to complete the sale during the fourth quarter of 2022, subject to customary closing conditions. Operating results of the ADS business are included the Mobile Industries segment. The following table provides the major captions of assets and liabilities held for sale at September 30, 2022: Assets: Accounts receivable, net $ 6.0 Unbilled receivables 25.4 Inventories, net 13.4 Property, plant and equipment, net 4.4 Operating lease assets 3.7 Intangible assets, net 16.2 Other assets 0.3 Total assets 69.4 Less: impairment charge (29.3) Assets held for sale $ 40.1 Liabilities: Accounts payable, trade $ 2.1 Salaries, wages and benefits 1.1 Other current liabilities 1.0 Long-term operating lease liabilities 3.1 Liabilities held for sale $ 7.3

Revenue

Revenue	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Note 4 - 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, 2022 and 2021, respectively: Three Months Ended Three Months Ended September 30, 2022 September 30, 2021 Mobile Process Total Mobile Process Total United States $ 276.3 $ 238.7 $ 515.0 $ 235.3 $ 194.2 $ 429.5 Americas excluding the United States 59.2 65.1 124.3 54.9 47.4 102.3 Europe / Middle East / Africa 105.2 124.7 229.9 118.2 137.5 255.7 China 30.4 129.5 159.9 27.7 125.9 153.6 Asia-Pacific excluding China 55.8 51.5 107.3 51.2 45.0 96.2 Net sales $ 526.9 $ 609.5 $ 1,136.4 $ 487.3 $ 550.0 $ 1,037.3 Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Mobile Process Total Mobile Process Total United States $ 808.8 $ 695.2 $ 1,504.0 $ 715.6 $ 582.0 $ 1,297.6 Americas excluding the United States 181.0 184.8 365.8 156.0 139.7 295.7 Europe / Middle East / Africa 352.7 402.1 754.8 369.6 401.9 771.5 China 92.3 373.9 466.2 94.3 388.6 482.9 Asia-Pacific excluding China 176.1 147.8 323.9 150.5 127.4 277.9 Net sales $ 1,610.9 $ 1,803.8 $ 3,414.7 $ 1,486.0 $ 1,639.6 $ 3,125.6 When reviewing revenue by sales channel, the Company separates net sales to original equipment manufacturers ("OEMs") 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, 2022 and 2021, respectively: Nine Months Ended Nine Months Ended Revenue by sales channel September 30, 2022 September 30, 2021 Original equipment manufacturers 60% 61% Distribution/end users 40% 39% In addition to disaggregating revenue by segment, 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, 2022 and September 30, 2021, approximately 9% and 8%, 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. Approximately 4% and 4% of t otal net sales represented service revenue during the nine months ended September 30, 2022 and September 30, 2021, respectively. Finally, business with the United States ("U.S.") government or its contractors represented approximately 7% of total net sales during each of the nine months ended September 30, 2022 and September 30, 2021. 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 $170.7 million a t September 30, 2022. Note 4 - Revenue (continued) Unbilled Receivables: The following table contains a rollforward of unbilled receivables for the nine months ended September 30, 2022 and the twelve months ended December 31, 2021: September 30, December 31, Beginning balance, January 1 $ 104.5 $ 110.9 Additional unbilled revenue recognized 301.9 383.0 Less: amounts billed to customers (297.4) (389.4) Less: unbilled receivables reclassified to assets held for sale (25.4) — Ending balance $ 83.6 $ 104.5 There were no impairment losses recorded on unbilled receivables for the nine months ended September 30, 2022 and September 30, 2021.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	Note 5 - Segment Information The primary measurement used by management to measure the financial performance of each segment is earnings before interest, taxes, depreciation and amortization ("EBITDA"). Three Months Ended Nine Months Ended 2022 2021 2022 2021 Net sales: Mobile Industries $ 526.9 $ 487.3 $ 1,610.9 $ 1,486.0 Process Industries 609.5 550.0 1,803.8 1,639.6 Net sales $ 1,136.4 $ 1,037.3 $ 3,414.7 $ 3,125.6 Segment EBITDA: Mobile Industries $ 20.0 $ 53.2 $ 164.2 $ 200.1 Process Industries 165.3 129.7 484.4 401.9 Total EBITDA, for reportable segments $ 185.3 $ 182.9 $ 648.6 $ 602.0 Unallocated corporate expense (9.1) (11.7) (35.4) (34.9) Corporate pension and other postretirement benefit related expense (1) (1.0) (3.9) (15.2) (8.3) Acquisition-related gain (2) — 0.3 — 0.9 Depreciation and amortization (39.9) (41.3) (122.0) (126.5) Interest expense (19.3) (14.8) (51.9) (45.0) Interest income 1.1 0.5 2.7 1.7 Income before income taxes $ 117.1 $ 112.0 $ 426.8 $ 389.9 (1) Corporate pension and other postretirement benefit related expense represents actuarial (losses) and gains that resulted from the remeasurement of pension and other postretirement plan assets and obligations as a result of changes in assumptions or experience. (2) The acquisition-related gain represents measurement period adjustments to the bargain purchase gain on the acquisition of Aurora Bearing Company ("Aurora"), which closed on November 30, 2020.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 6 - 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 2022 2021 2022 2021 Provision for income taxes $ 26.7 $ 20.4 $ 108.9 $ 75.1 Effective tax rate 22.8 % 18.2 % 25.5 % 19.3 % Income tax expense for the three and nine months ended September 30, 2022 was calculated using 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. The effective tax rate of 22.8% for the three months ended September 30, 2022 was higher than the rate for the three months ended September 30, 2021 primarily due to the net unfavorable impact of discrete tax items in comparison to the year ago period. The effective tax rate of 25.5% for the nine months ended September 30, 2022 was higher than the rate for the nine months ended September 30, 2021 primarily due to an unfavorable mix of earnings in higher tax rate jurisdictions, the net unfavorable impact of discrete tax items, including a discrete tax benefits in the year ago period in connection with the settlement of the 2017 and 2018 U.S. federal tax years during the nine months ended September 30, 2021, and lower deductions for stock-based compensation.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 7 - 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, 2022 and 2021, respectively: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Numerator: Net income attributable to The Timken Company $ 87.0 $ 88.1 $ 310.2 $ 306.2 Less: undistributed earnings allocated to nonvested stock — — — — Net income available to common shareholders for basic $ 87.0 $ 88.1 $ 310.2 $ 306.2 Denominator: Weighted average number of shares outstanding - basic 73,177,956 76,068,582 73,890,483 75,980,355 Effect of dilutive securities: Stock options and awards - based on the treasury 688,787 955,391 658,228 1,177,259 Weighted average number of shares outstanding assuming 73,866,743 77,023,973 74,548,711 77,157,614 Basic earnings per share $ 1.19 $ 1.16 $ 4.20 $ 4.03 Diluted earnings per share $ 1.18 $ 1.14 $ 4.16 $ 3.97 The dilutive effect of stock options and awards includes all outstanding stock options and awards except stock options that are considered antidilutive. Stock options are antidilutive when the exercise price exceeds the average market price of the Company’s common shares during the periods presented. There were no antidilutive stock options outstanding during the three and nine months ended September 30, 2022 and 2021.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Note 8 - Inventories The components of inventories at September 30, 2022 and December 31, 2021 were as follows: September 30, December 31, Manufacturing supplies $ 39.7 $ 38.0 Raw materials 115.9 121.8 Work in process 454.8 418.4 Finished products 588.2 527.8 Subtotal 1,198.6 1,106.0 Allowance for obsolete and surplus inventory (66.0) (63.3) Total inventories, net $ 1,132.6 $ 1,042.7 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 the Company's international inventories are valued on the FIFO method. The LIFO reserve at September 30, 2022 and December 31, 2021 was $229.1 million and $199.4 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 are 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.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 9 - Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill for the nine months ended September 30, 2022 were as follows: Mobile Process Total Beginning balance $ 371.7 $ 651.0 $ 1,022.7 Acquisitions — 39.2 39.2 Foreign currency translation adjustments and other changes (33.8) (49.0) (82.8) Ending balance $ 337.9 $ 641.2 $ 979.1 The acquisition of Spinea added $39.2 million of goodwill. The goodwill is expected to be 100% tax deductible. The following table displays intangible assets as of September 30, 2022 and December 31, 2021: Balance at September 30, 2022 Balance at December 31, 2021 Gross Accumulated Net Gross Accumulated Net Intangible assets Customer relationships $ 459.4 $ (172.0) $ 287.4 $ 518.1 $ (189.3) $ 328.8 Technology and know-how 230.7 (74.2) 156.5 270.7 (86.6) 184.1 Trade names 18.5 (7.3) 11.2 14.3 (9.6) 4.7 Capitalized software 283.6 (264.3) 19.3 280.0 (261.3) 18.7 Other 3.1 (2.4) 0.7 4.7 (3.6) 1.1 $ 995.3 $ (520.2) $ 475.1 $ 1,087.8 $ (550.4) $ 537.4 Intangible assets not subject to amortization: Trade names $ 110.9 $ 110.9 $ 122.7 $ 122.7 FAA air agency certificates 8.7 8.7 8.7 8.7 $ 119.6 $ 119.6 $ 131.4 $ 131.4 Total intangible assets $ 1,114.9 $ (520.2) $ 594.7 $ 1,219.2 $ (550.4) $ 668.8 Amortization expense for intangible assets was $37.4 million and $41.7 million for the nine months ended September 30, 2022 and 2021, respectively. Amortization expense included $32.2 million and $35.8 million related to intangible assets acquired as part of a business combination for the nine months ended September 30, 2022 and 2021, respectively. Amortization expense for intangible assets is projected to be $49.7 million in 2022; $42.2 million in 2023; $40.3 million in 2024; $38.3 million in 2025; and $36.9 million in 2026. Substantially all amortization expense for intangible assets is recorded in Cost of product sold on the Consolidated Statement of Income.

Other Current Liabilities

Other Current Liabilities	9 Months Ended
	Sep. 30, 2022
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Note 10 - Other Current Liabilities The following table displays other current liabilities as of September 30, 2022 and December 31, 2021: (Dollars in millions) September 30, December 31, Sales rebates $ 67.7 $ 70.3 Freight and duties 24.5 25.5 Operating lease liabilities 22.2 26.2 Product warranty 19.6 11.7 Professional fees 16.4 10.8 Restructuring 4.1 7.0 Taxes other than income and payroll taxes 18.0 16.0 Interest 15.8 10.8 Other 105.1 72.3 Total other current liabilities $ 293.4 $ 250.6

Financing Arrangements

Financing Arrangements	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Financing Arrangements	Note 11 - Financing Arrangements Short-term debt at September 30, 2022 and December 31, 2021 was as follows: September 30, December 31, Borrowings under lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 1.18% to 2.75% at September 30, 2022 and 0.50% to 2.00% at December 31, 2021 $ 50.9 $ 42.6 Short-term debt $ 50.9 $ 42.6 The lines of credit for certain of the Company's foreign subsidiaries provide for short-term borrowings up to $235.8 million in the aggregate. Most of these lines of credit are uncommitted. At September 30, 2022, the Company’s foreign subsidiaries had borrowings outstanding of $50.9 million and bank guarantees of $2.6 million, which reduced the aggregate availability under these facilities to $182.3 million. Long-term debt at September 30, 2022 and December 31, 2021 was as follows: September 30, December 31, Variable-rate Senior Credit Facility with an average interest rate on Euro of 1.00% at September 30, 2022 and U.S. Dollar of 1.09% and Euro of 1.00% at December 31, 2021 $ 7.8 $ 9.0 Variable-rate Accounts Receivable Facility — — Variable-rate Term Loan (1) , maturing on September 11, 2023, with an interest rate of 4.24% at September 30, 2022 and 1.23% at December 31, 2021 314.8 321.1 Fixed-rate Senior Unsecured Notes (1) , maturing on September 1, 2024, with an interest rate of 3.875% 349.7 349.5 Fixed-rate Euro Senior Unsecured Notes (1) , maturing on September 7, 2027, with an interest rate of 2.02% 146.8 170.3 Fixed-rate Senior Unsecured Notes (1) , maturing on December 15, 2028, with an interest rate of 4.50% 397.1 396.9 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% 154.7 154.7 Fixed-rate Senior Unsecured Notes (1) , maturing on April 1, 2032, with an interest rate of 4.125% 341.7 — Fixed-rate Euro Bank Loan, maturing on June 30, 2033, with an interest rate of 2.15% 12.7 15.8 Other 6.9 5.0 Total debt $ 1,732.2 $ 1,422.3 Less: Current maturities 320.9 11.2 Long-term debt $ 1,411.3 $ 1,411.1 (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, 2024. 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 to certain borrowing base limitations; however, availability under the Accounts Receivable Facility was not reduced by any such borrowing base limitations at September 30, 2022. As of September 30, 2022, there were no outstanding borrowings under the Accounts Receivable Facility, and the entire $100 million was available . 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. Note 11 - Financing Arrangements (continued) The Company entered into the Fourth Amended and Restated Credit Agreement ("Senior Credit Facility") on June 25, 2019. The Senior Credit Facility is a $650.0 million unsecured revolving credit facility, which matures on June 25, 2024. At September 30, 2022, the Company had $7.8 million of outstanding borrowings under the Senior Credit Facility, which reduced the availability under this facility to $642.2 million. The Senior Credit Facility has two financial covenants: a consolidated leverage ratio and a consolidated interest coverage ratio. On March 28, 2022, the Company issued fixed-rate unsecured senior notes ("2032 Notes") in the aggregate principal amount of $350 million with an interest rate of 4.125%, maturing on April 1, 2032 . Proceeds from the 2032 Notes were used to for general corporate purposes, which included repayment of borrowings under the Senior Credit Facility and the Accounts Receivable Facility outstanding at the time of issuance. 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 2023 Term Loan were used to fund the acquisitions of Apiary Investments Holding Limited and Rollon S.p.A., 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. At September 30, 2022, the Company was in full compliance with all applicable covenants on its outstanding debt. In the ordinary course of business, the Company utilizes standby letters of credit issued by financial institutions to guarantee certain obligations, most of which relate to insurance contracts. At September 30, 2022, outstanding letters of credit totaled $43.5 million, most with expiration dates within 12 months. The maturities of long-term debt (including $3.1 million of finance leases) subsequent to September 30, 2022 are as follows: Year 2022 $ 3.7 2023 318.6 2024 359.4 2025 1.5 2026 11.3 2027 172.6 Thereafter 865.1

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Note 12 - 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, 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 were settled or dismissed prior to our acquisition of Lovejoy. The Company had total environmental accruals of $5.0 million and $6.0 million for various known environmental matters that are probable and reasonably estimable at September 30, 2022 and December 31, 2021, respectively, which includes the Lovejoy matter described 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. 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 $19.6 million and $11.7 million at September 30, 2022 and December 31, 2021, respectively. The balances at the end of each respective period represent the best estimates of costs for future claims for products that are still under warranty. The increase in the liability for the first nine months of 2022 primarily relates to additional accruals for certain products sold into the automotive and renewable energy sectors. Accrual estimates are based on actual claims and expected trends that continue to mature. Any significant change to these assumptions may be material to the results of operations in any particular period in which such change occurs. The following is a rollforward of the consolidated product warranty accrual for the nine months ended September 30, 2022 and twelve months ended December 31, 2021: September 30, December 31, Beginning balance, January 1 $ 11.7 $ 9.4 Expense 10.5 10.1 Payments (2.6) (7.8) Ending balance $ 19.6 $ 11.7

Equity

Equity	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Equity	Note 13 - Equity The following tables present the changes in the components of equity for the three and nine months ended September 30, 2022 and 2021, respectively: The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at June 30, 2022 $ 2,289.2 $ 40.7 $ 804.1 $ 1,793.2 $ (155.9) $ (278.5) $ 85.6 Net income 90.4 87.0 3.4 Foreign currency translation adjustment (136.8) (133.5) (3.3) Pension and other postretirement liability adjustments (net of income tax benefit of $0.6 million) (1.4) (1.4) Change in fair value of derivative financial 1.8 1.8 Dividends declared to noncontrolling interest (0.5) (0.5) Dividends – $0.31 per share (22.8) (22.8) Stock-based compensation expense 6.7 6.7 Stock purchased at fair market value (49.0) (49.0) Stock option exercise activity 2.6 2.6 Shares surrendered for stock option activity — 3.8 (3.8) Payments related to tax withholding for (1.4) (1.4) Balance at September 30, 2022 $ 2,178.8 $ 40.7 $ 817.2 $ 1,857.4 $ (289.0) $ (332.7) $ 85.2 The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at December 31, 2021 $ 2,377.7 $ 40.7 $ 786.9 $ 1,616.4 $ (23.0) $ (126.1) $ 82.8 Net income 317.9 310.2 7.7 Foreign currency translation adjustment (272.5) (267.7) (4.8) Pension and other postretirement liability adjustments (net of income tax benefit of $1.5 million) (4.3) (4.3) Change in fair value of derivative financial 6.0 6.0 Dividends - $0.92 per share (69.2) (69.2) Dividends declared to noncontrolling interest (0.5) (0.5) Stock-based compensation expense 22.3 22.3 Stock purchased at fair market value (193.3) (193.3) Stock option exercise activity 4.2 4.2 Shares surrendered for stock option activity — 3.8 (3.8) Payments related to tax withholding for (9.5) (9.5) Balance at September 30, 2022 $ 2,178.8 $ 40.7 $ 817.2 $ 1,857.4 $ (289.0) $ (332.7) $ 85.2 Note 13 - Equity (continued) The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at June 30, 2021 $ 2,367.3 $ 40.7 $ 778.6 $ 1,510.9 $ 19.8 $ (59.1) $ 76.4 Net income 91.6 88.1 3.5 Foreign currency translation adjustment (32.9) (33.1) 0.2 Pension and other postretirement liability adjustments (net of income tax benefit of $0.5 million) (1.5) (1.5) Change in fair value of derivative financial 2.5 2.5 Dividends paid to noncontrolling interest (0.6) (0.6) Dividends - $0.30 per share (22.8) (22.8) Stock-based compensation expense 3.1 3.1 Stock purchased at fair market value (30.3) (30.3) Balance at September 30, 2021 $ 2,376.4 $ 40.7 $ 781.7 $ 1,576.2 $ (12.3) $ (89.4) $ 79.5 The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at December 31, 2020 $ 2,225.2 $ 40.7 $ 740.7 $ 1,339.5 $ 41.3 $ (9.3) $ 72.3 Net income 314.8 306.2 8.6 Foreign currency translation adjustment (54.1) (53.3) (0.8) Pension and other postretirement liability adjustments (net of income tax benefit of $1.6 million) (4.8) (4.8) Change in fair value of derivative financial 4.5 4.5 Dividends paid to noncontrolling interest (0.6) (0.6) Dividends - $0.89 per share (69.5) (69.5) Stock-based compensation expense 15.6 15.6 Stock purchased at fair market value (56.6) (56.6) Stock option exercise activity 25.4 25.4 Payments related to tax withholding for (23.5) (23.5) Balance at September 30, 2021 $ 2,376.4 $ 40.7 $ 781.7 $ 1,576.2 $ (12.3) $ (89.4) $ 79.5

Impairment and Restructuring Ch

Impairment and Restructuring Charges	9 Months Ended
	Sep. 30, 2022
Restructuring Charges [Abstract]
Impairment and Restructuring Charges	Note 14 - Impairment and Restructuring Charges Impairment and restructuring charges by segment are comprised of the following: For the three months ended September 30, 2022: Mobile Industries Process Industries Total Impairment charges $ 29.5 $ — $ 29.5 Severance and related benefit costs 1.3 0.1 1.4 Exit costs 0.3 0.1 0.4 Total $ 31.1 $ 0.2 $ 31.3 For the nine months ended September 30, 2022: Mobile Industries Process Industries Total Impairment charges $ 38.3 $ — $ 38.3 Severance and related benefit costs 2.4 0.4 2.8 Exit costs 1.1 0.1 1.2 Total $ 41.8 $ 0.5 $ 42.3 For the three months ended September 30, 2021: Mobile Industries Process Industries Total Severance and related benefit costs $ 2.2 $ 0.3 $ 2.5 Exit costs 0.4 — 0.4 Total $ 2.6 $ 0.3 $ 2.9 For the nine months ended September 30, 2021: Mobile Industries Process Industries Total Impairment charges $ 1.1 $ 3.4 $ 4.5 Severance and related benefit costs 2.2 0.9 3.1 Exit costs 0.6 — 0.6 Total $ 3.9 $ 4.3 $ 8.2 The following discussion explains the impairment and restructuring charges recorded for the periods presented; however, it is not intended to reflect a comprehensive discussion of all amounts in the tables above. Mobile Industries: During the three months ended September 30, 2022, the Company classified the ADS business as assets held for sale and recorded an impairment charges of $29.3 million. The Company anticipates the sale of ADS business to be completed during the fourth quarter of 2022. During the nine months ended September 30, 2022, the Company recorded impairment charges of $9.0 million related to certain assets of its joint venture in Russia. As a result of Russia's invasion of Ukraine (and associated sanctions), the Company suspended its operations in Russia. Refer to Russia Operations in Management's Discussion and Analysis for additional information. Note 14 - Impairment and Restructuring Charges (continued) On July 19, 2021, the Company announced the closure of its bearing manufacturing facility in Villa Carcina, Italy. The Company will be transferring the manufacturing of its single-row tapered roller bearing production to other bearing facilities in Europe, Asia and the United States. The Company expects to complete the closure of the facility by the end of October 2022 and is expected to affect approximately 110 employees. The Company expects to incur approximately $9 million to $11 million of expenses related to this closure. During the three months ended September 30, 2022, the Company recorded severance and related benefits of $0.4 million and exit costs of $0.3 million associated with this closure, and during the nine months ended September 30, 2022, the Company recorded severance and related benefits of $1.2 million and exit costs of $1.3 million associated with this closure. During the three months ended September 30, 2021, the Company recorded severance and related benefits of $2.2 million related to this closure. In addition to the severance and related benefits, the Company recorded impairment charges of $1.0 million during the nine months ended September 30, 2021. T he Company has incurred cumulative pretax costs related to this closure of $9.1 million as of September 30, 2022, including rationalization costs recorded in cost of products sold. On January 31, 2022, the Company entered into an agreement to sell this facility with the sale expected to close in the fourth quarter of 2022. Process Industries: On February 4, 2020, the Company announced the closure of its chain manufacturing facility in Indianapolis, Indiana. This facility was part of the Diamond Chain Company ("Diamond Chain") acquisition completed on April 1, 2019. The Company will be transferring the manufacturing of its Diamond Chain product line to its chain facility in Fulton, Illinois. The chain plant is expected to cease operations by the end of the first quarter of 2023 and is expected to affect approximately 240 employees. The Company expects to hire approximately 130 full-time positions in Fulton, Illinois and expects to incur approximately $11 million to $14 million of expenses related to this closure. During the three months and nine months ended September 30, 2021, the Company recorded severance and related benefit costs of $0.3 million and $0.9 million, respectively, related to this closure. The Company has incurred cumulative pretax costs related to this closure of $12.9 million as of September 30, 2022, including rationalization costs recorded in cost of products sold. In addition, the Company recorded impairment charges of $3.3 million related to certain engineering-related assets used in the business during the nine months ended September 30, 2021 . Management concluded no further investment would be made in these assets and as a result, reduced the value to zero. Consolid ated Restructuring Accrual: The following is a rollforward of the consolidated restructuring accrual for the nine months ended September 30, 2022 and twelve months ended December 31, 2021: September 30, December 31, Beginning balance, January 1 $ 7.0 $ 8.0 Expense 4.0 4.4 Payments (6.9) (5.4) Ending balance $ 4.1 $ 7.0 The restructuring accrual at September 30, 2022 and December 31, 2021 was included in other current liabilities on the Consolidated Balance Sheets.

Retirement Benefit Plans

Retirement Benefit Plans	9 Months Ended
	Sep. 30, 2022
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Retirement Benefit Plans	Note 15 - 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, 2022 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of that period’s proportionate share of the amounts to be recorded for the year ending December 31, 2022. U.S. Plans International Plans Total Three Months Ended Three Months Ended Three Months Ended 2022 2021 2022 2021 2022 2021 Components of net periodic benefit cost (credit): Service cost $ 1.6 $ 2.4 $ 0.4 $ 0.5 $ 2.0 $ 2.9 Interest cost 4.7 4.3 1.4 1.1 6.1 5.4 Expected return on plan assets (4.3) (5.5) (2.2) (2.5) (6.5) (8.0) Amortization of prior service cost 0.3 0.4 — — 0.3 0.4 Recognition of net actuarial losses 1.0 3.9 — — 1.0 3.9 Net periodic benefit cost (credit) $ 3.3 $ 5.5 $ (0.4) $ (0.9) $ 2.9 $ 4.6 U.S. Plans International Plans Total Nine Months Ended Nine Months Ended Nine Months Ended 2022 2021 2022 2021 2022 2021 Components of net periodic benefit cost (credit): Service cost $ 5.3 $ 7.2 $ 1.2 $ 1.5 $ 6.5 $ 8.7 Interest cost 12.9 13.2 4.3 3.3 17.2 16.5 Expected return on plan assets (14.5) (17.7) (7.1) (7.6) (21.6) (25.3) Amortization of prior service cost 0.9 1.0 0.1 0.1 1.0 1.1 Recognition of net actuarial losses 15.2 8.3 — — 15.2 8.3 Net periodic benefit cost (credit) $ 19.8 $ 12.0 $ (1.5) $ (2.7) $ 18.3 $ 9.3 The Company expects full year 2022 lump sum payments related to new retirees to exceed annual interest and service costs for two of the Company's U.S. defined benefit pension plans in 2022. This expectation triggered a remeasurement of assets and obligations for both plans. As a result of these remeasurements, the Company recognized net actuarial losses ("mark-to-market charges") of $1.0 million and $15.2 million during the three and nine months ended September 30, 2022, respectively. For the three and nine months ended September 30, 2021, the Company expected to make lump sum payments related to new retirees in excess of annual interest and service costs for three of the Company's U.S. defined benefit pension plans in 2021. This expectation, along with the payout of deferred compensation to a former executive officer of the Company in June 2021, triggered a remeasurement of assets and obligations for these plans. As a result of this remeasurement, the Company recognized net actuarial losses of $3.9 million and $8.3 million during the three and nine months ended September 30, 2021, respectively.

Other Postretirement Benefit Pl

Other Postretirement Benefit Plans	9 Months Ended
	Sep. 30, 2022
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Other Postretirement Benefit Plans	Note 16 - 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, 2022 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of that period’s proportionate share of the amounts to be recorded for the year ending December 31, 2022. Three Months Ended Nine Months Ended 2022 2021 2022 2021 Net periodic benefit credit: Service Cost $ — $ — $ 0.1 $ 0.1 Interest cost 0.4 0.4 1.1 1.1 Amortization of prior service credit (2.6) (2.6) (7.6) (7.6) Net periodic benefit credit $ (2.2) $ (2.2) $ (6.4) $ (6.4)

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 17 - Accumulated Other Comprehensive Income (Loss) The following tables present details about components of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2022 and 2021, respectively: Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at June 30, 2022 $ (214.5) $ 53.7 $ 4.9 $ (155.9) Other comprehensive (loss) income before (136.8) 0.3 3.3 (133.2) Amounts reclassified from accumulated other — (2.3) (0.8) (3.1) Income tax (expense) benefit — 0.6 (0.7) (0.1) Net current period other comprehensive (loss) (136.8) (1.4) 1.8 (136.4) Noncontrolling interest 3.3 — — 3.3 Net current period other comprehensive (loss) (133.5) (1.4) 1.8 (133.1) Balance at September 30, 2022 $ (348.0) $ 52.3 $ 6.7 $ (289.0) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2021 $ (80.3) $ 56.6 $ 0.7 $ (23.0) Other comprehensive (loss) income before (272.5) 0.8 10.4 (261.3) Amounts reclassified from accumulated other — (6.6) (2.4) (9.0) Income tax (expense) benefit — 1.5 (2.0) (0.5) Net current period other comprehensive (loss) (272.5) (4.3) 6.0 (270.8) Noncontrolling interest 4.8 — — 4.8 Net current period other comprehensive (loss) (267.7) (4.3) 6.0 (266.0) Balance at September 30, 2022 $ (348.0) $ 52.3 $ 6.7 $ (289.0) Note 17 - Accumulated Other Comprehensive Income (Loss) (continued) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at June 30, 2021 $ (38.2) $ 60.1 $ (2.1) $ 19.8 Other comprehensive (loss) income before (32.9) 0.2 2.7 (30.0) Amounts reclassified from accumulated other — (2.2) 0.9 (1.3) Income tax benefit (expense) — 0.5 (1.1) (0.6) Net current period other comprehensive (loss) (32.9) (1.5) 2.5 (31.9) Noncontrolling interest (0.2) — — (0.2) Net current period comprehensive (loss) income, (33.1) (1.5) 2.5 (32.1) Balance at September 30, 2021 $ (71.3) $ 58.6 $ 0.4 $ (12.3) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2020 $ (18.0) $ 63.4 $ (4.1) $ 41.3 Other comprehensive (loss) income before (54.1) 0.1 2.0 (52.0) Amounts reclassified from accumulated other — (6.5) 4.3 (2.2) Income tax benefit (expense) — 1.6 (1.8) (0.2) Net current period other comprehensive (loss) (54.1) (4.8) 4.5 (54.4) Noncontrolling interest 0.8 — — 0.8 Net current period comprehensive (loss) income, (53.3) (4.8) 4.5 (53.6) Balance at September 30, 2021 $ (71.3) $ 58.6 $ 0.4 $ (12.3) Other comprehensive (loss) income before reclassifications and income taxes includes the effect of foreign currency.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value	Note 18 - 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, 2022 and December 31, 2021: September 30, 2022 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 267.3 $ 266.5 $ 0.8 $ — Cash and cash equivalents measured at net asset value 33.5 — — — Restricted cash 0.7 0.7 — — Short-term investments 24.7 — 24.7 — Interest rate swap contract 3.7 — 3.7 — Foreign currency forward contracts 15.0 — 15.0 — Total assets $ 344.9 $ 267.2 $ 44.2 $ — Liabilities: Foreign currency forward contracts $ 11.0 $ — $ 11.0 $ — Total liabilities $ 11.0 $ — $ 11.0 $ — December 31, 2021 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 257.1 $ 244.8 $ 12.3 $ — Restricted cash 0.8 0.8 — — Short-term investments 56.9 — 56.9 — Foreign currency forward contracts 5.6 — 5.6 — Total assets $ 320.4 $ 245.6 $ 74.8 $ — Liabilities: Foreign currency forward contracts $ 1.0 $ — $ 1.0 $ — Total liabilities $ 1.0 $ — $ 1.0 $ — Cash and cash equivalents are highly liquid investments with maturities of three months or less when purchased and are valued at the redempti on value. Short-term investments are investments with maturities between four months and one year, and generally are valued at amortized cost, which approximat es 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 market interest rates to measure the fair value of its interest rate swap contracts. The Company uses publicly available foreign currency forward and spot rates to measure the fair value of its foreign currency forward contracts. Note 18 - Fair Value (continued) In addition, 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. During the three months ended September 30, 2022, the Company's ADS business. located in Manchester, Connecticut, was reclassified to assets held for sale. In conjunction with this reclassification, the ADS business with a carrying value of $62.1 million, was written down to its estimated fair value less cost to sell of $32.8 million, resulting in an impairment charge of $29.3 million. The fair value for these net assets was determined based on an estimate of the value expected to be received upon the sale of this business. Refer to Note 3 - Acquisitions and Divestitures for more information on the expected sale of ADS. During the nine months ended September 30, 2022, property, plant and equipment at the Company's joint venture in Russia, with a carrying value of $16.1 million, were written down to their fair value of $7.1 million, resulting in an impairment charge of $9.0 million. The fair value for these assets was determined based on an estimate of the best price that would be received in a current transaction to sell the assets to a third party. No other material assets w ere measured at fair value on a nonrecurring basis during the nine months ended September 30, 2022 and 2021, 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 calculati ons for variable-rate debt, the carrying value of the Company's long-term variable-rate debt is a reasonable estima te of its fair value. The fair value of the Company’s long-term fixed-rate debt, based on quoted market prices, was $1,320.6 million and $1,171.1 million at September 30, 2022 and December 31, 2021, respectively. The carrying value of this debt was $1,402.8 million and $1,087.5 million at September 30, 2022 and December 31, 2021, 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 Instruments and Hed

Derivatives Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Note 19 - 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. On September 8, 2020, the Company entered into a $100 million floating-to-fixed rate swap on the 2023 Term Loan, which hedges the change in the 1-month LIBOR rate between October 30, 2020 and September 11, 2023 to a fixed rate. The Company’s risk management objective is to hedge the risk of changes in the monthly interest expense attributable to changes in the benchmark interest rate. On September 15, 2020, the Company designated €54.5 million of its €150.0 million fixed-rate senior unsecured notes, maturing on September 7, 2027 (th e "2027 Notes"), as a hedge against its net investment in one of its European subsidiaries. The objective of the hedge transaction is to protect the net investment in the foreign operations against changes in the exchange rate between the U.S. dollar and the Euro. The net impact for the three and nine months ended September 30, 2022, respectively, was a gain of $3.7 million and a gain of $8.5 million to accumulated comprehensive (loss) income with a corresponding offset to other income, which partially offsets the impact of the foreign currency adjustment on the 2027 Notes. Note 19 - Derivative Instruments and Hedging Activities (continued) The Company entered into $350 million of floating-to-fixed 10-year Treasury rate locks during the first quarter of 2022, prior to issuing the 2032 Notes. This fixed the 10-year Treasury yield and settled at pricing of the 2032 Notes, resulting in $6.5 million of cash proceeds received by the Company. This amount was recorded to accumulated comprehensive income and will be amortized as a reduction in interest expense over the 10-year tenor of the 2032 Notes. The Company does not purchase or hold any derivativ e financial instruments for trading purposes. As of September 30, 2022 and December 31, 2021, the Company had $419.4 million and $300.8 million, respectively, of outstanding foreign currency forward contracts at notional value. Refer to Note 18 - 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. Co nverse ly, 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. As of September 30, 2022 and December 31, 2021, the Company had $71.6 million and $80.0 million, respectively, of outstanding foreign currency forward contracts at notional value that were classified as cash flow hedges. 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. As of September 30, 2022 and December 31, 2021, the Company had $347.8 million and $220.8 million, respectively, of outstanding foreign currency forward contracts at notional value that were not d esignated as hedging instruments. The following table presents the impact of derivative instruments not designated as hedging instruments for the three and nine months ended September 30, 2022 and 2021, respectively, and the related 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 2022 2021 2022 2021 Foreign currency forward contracts Other expense, net $ (1.1) $ 1.2 $ (8.0) $ 0.5

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements: New Accounting Guidance Adopted: In October 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") ASU 2021-08, "Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers." ASU 2021-08 requires contract assets and contract liabilities acquired in a business combination to be recognized in accordance with ASC Topic 606 as if the acquirer had originated the contracts. This new guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. The Company adopted ASU 2021-08 effective January 1, 2022, and the impact of the adoption was not material to the Company's results of operations and financial condition. New Accounting Guidance Issued and Not Yet Adopted: In September 2022, the FASB issued ASU 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50)." ASU 2022-04 is intended to establish disclosures that enhance the transparency of a supplier finance program used by an entity in connection with the purchase of goods and services. Supplier finance programs, which also may be referred to as reverse factoring, payables finance or structured payables arrangements, allow a buyer to offer its suppliers the option for access to payment in advance of an invoice due date, which is paid by a third-party finance provider or intermediary. Under the guidance, a buyer in a supplier finance program would disclose qualitative and quantitative information about its supplier finance programs. The new guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted. The Company is currently evaluating the impact of the new guidance. In November 2021, the FASB issued ASU 2021-10, "Government Assistance (Topic 832)." ASU 2021-10 is intended to increase transparency of government assistance by requiring entities to disclose the types of government assistance, the entity's accounting for government assistance, and the effect of the government assistance on an entity's financial statements. This new guidance is effective for all entities for annual reporting periods beginning after December 15, 2021. The Company is currently evaluating the impact of the new guidance. Note 2 - Significant Accounting Policies (continued) In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASU 2020-04 is intended to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. This guidance is available immediately and may be implemented in any period prior to the guidance expiration on December 31, 2022. The Company is currently assessing which of its various contracts will require an update for a new reference rate and will determine the timing for implementation of this guidance after completing that analysis. The Company continues to monitor future amendments, such as the current proposal by the FASB to defer the sunset date of reference rate reform relief by two years to December 31, 2024, after which entities would no longer be permitted to apply the relief in Topic 848.

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table presents the purchase price allocation at fair value, for the Spinea acquisition as of September 30, 2022. Initial Purchase Assets: Accounts receivable $ 2.1 Inventories 20.9 Other current assets 2.9 Property, plant and equipment 82.0 Goodwill 39.2 Other intangible assets 32.1 Total assets acquired $ 179.2 Liabilities: Accounts payable, trade $ 7.4 Salaries, wages and benefits 1.5 Other current liabilities 1.2 Long-term debt 0.2 Deferred income taxes 1.0 Other non-current liabilities 15.5 Total liabilities assumed $ 26.8 Net assets acquired $ 152.4 The following table presents the final purchase price allocation at fair value for the iMS acquisition: Final Purchase Price Allocation Total assets acquired $ 9.8 Total liabilities assumed 2.1 Net assets acquired $ 7.7
Summary of Preliminary Purchase Price Allocation For Identifiable Intangible Assets Acquired	The following table summarizes the preliminary purchase price allocation for identifiable intangible assets acquired in 2022: Preliminary Purchase Price Allocation Weighted - Average Life Trade names $ 8.2 20 years Technology and know-how 6.1 6 years Customer relationships 17.2 17 years Capitalized software 0.6 2 years Total intangible assets $ 32.1
Disposal Groups, Including Discontinued Operations	The following table provides the major captions of assets and liabilities held for sale at September 30, 2022: Assets: Accounts receivable, net $ 6.0 Unbilled receivables 25.4 Inventories, net 13.4 Property, plant and equipment, net 4.4 Operating lease assets 3.7 Intangible assets, net 16.2 Other assets 0.3 Total assets 69.4 Less: impairment charge (29.3) Assets held for sale $ 40.1 Liabilities: Accounts payable, trade $ 2.1 Salaries, wages and benefits 1.1 Other current liabilities 1.0 Long-term operating lease liabilities 3.1 Liabilities held for sale $ 7.3

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of 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, 2022 and 2021, respectively: Three Months Ended Three Months Ended September 30, 2022 September 30, 2021 Mobile Process Total Mobile Process Total United States $ 276.3 $ 238.7 $ 515.0 $ 235.3 $ 194.2 $ 429.5 Americas excluding the United States 59.2 65.1 124.3 54.9 47.4 102.3 Europe / Middle East / Africa 105.2 124.7 229.9 118.2 137.5 255.7 China 30.4 129.5 159.9 27.7 125.9 153.6 Asia-Pacific excluding China 55.8 51.5 107.3 51.2 45.0 96.2 Net sales $ 526.9 $ 609.5 $ 1,136.4 $ 487.3 $ 550.0 $ 1,037.3 Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Mobile Process Total Mobile Process Total United States $ 808.8 $ 695.2 $ 1,504.0 $ 715.6 $ 582.0 $ 1,297.6 Americas excluding the United States 181.0 184.8 365.8 156.0 139.7 295.7 Europe / Middle East / Africa 352.7 402.1 754.8 369.6 401.9 771.5 China 92.3 373.9 466.2 94.3 388.6 482.9 Asia-Pacific excluding China 176.1 147.8 323.9 150.5 127.4 277.9 Net sales $ 1,610.9 $ 1,803.8 $ 3,414.7 $ 1,486.0 $ 1,639.6 $ 3,125.6 When reviewing revenue by sales channel, the Company separates net sales to original equipment manufacturers ("OEMs") 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, 2022 and 2021, respectively: Nine Months Ended Nine Months Ended Revenue by sales channel September 30, 2022 September 30, 2021 Original equipment manufacturers 60% 61% Distribution/end users 40% 39%
Schedule of Contract with Customer, Asset and Liability	The following table contains a rollforward of unbilled receivables for the nine months ended September 30, 2022 and the twelve months ended December 31, 2021: September 30, December 31, Beginning balance, January 1 $ 104.5 $ 110.9 Additional unbilled revenue recognized 301.9 383.0 Less: amounts billed to customers (297.4) (389.4) Less: unbilled receivables reclassified to assets held for sale (25.4) — Ending balance $ 83.6 $ 104.5

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Wise Financial Performance	The primary measurement used by management to measure the financial performance of each segment is earnings before interest, taxes, depreciation and amortization ("EBITDA"). Three Months Ended Nine Months Ended 2022 2021 2022 2021 Net sales: Mobile Industries $ 526.9 $ 487.3 $ 1,610.9 $ 1,486.0 Process Industries 609.5 550.0 1,803.8 1,639.6 Net sales $ 1,136.4 $ 1,037.3 $ 3,414.7 $ 3,125.6 Segment EBITDA: Mobile Industries $ 20.0 $ 53.2 $ 164.2 $ 200.1 Process Industries 165.3 129.7 484.4 401.9 Total EBITDA, for reportable segments $ 185.3 $ 182.9 $ 648.6 $ 602.0 Unallocated corporate expense (9.1) (11.7) (35.4) (34.9) Corporate pension and other postretirement benefit related expense (1) (1.0) (3.9) (15.2) (8.3) Acquisition-related gain (2) — 0.3 — 0.9 Depreciation and amortization (39.9) (41.3) (122.0) (126.5) Interest expense (19.3) (14.8) (51.9) (45.0) Interest income 1.1 0.5 2.7 1.7 Income before income taxes $ 117.1 $ 112.0 $ 426.8 $ 389.9 (1) Corporate pension and other postretirement benefit related expense represents actuarial (losses) and gains that resulted from the remeasurement of pension and other postretirement plan assets and obligations as a result of changes in assumptions or experience. (2) The acquisition-related gain represents measurement period adjustments to the bargain purchase gain on the acquisition of Aurora Bearing Company ("Aurora"), which closed on November 30, 2020.

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	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 2022 2021 2022 2021 Provision for income taxes $ 26.7 $ 20.4 $ 108.9 $ 75.1 Effective tax rate 22.8 % 18.2 % 25.5 % 19.3 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of 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, 2022 and 2021, respectively: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Numerator: Net income attributable to The Timken Company $ 87.0 $ 88.1 $ 310.2 $ 306.2 Less: undistributed earnings allocated to nonvested stock — — — — Net income available to common shareholders for basic $ 87.0 $ 88.1 $ 310.2 $ 306.2 Denominator: Weighted average number of shares outstanding - basic 73,177,956 76,068,582 73,890,483 75,980,355 Effect of dilutive securities: Stock options and awards - based on the treasury 688,787 955,391 658,228 1,177,259 Weighted average number of shares outstanding assuming 73,866,743 77,023,973 74,548,711 77,157,614 Basic earnings per share $ 1.19 $ 1.16 $ 4.20 $ 4.03 Diluted earnings per share $ 1.18 $ 1.14 $ 4.16 $ 3.97

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Schedule of Current Inventories	The components of inventories at September 30, 2022 and December 31, 2021 were as follows: September 30, December 31, Manufacturing supplies $ 39.7 $ 38.0 Raw materials 115.9 121.8 Work in process 454.8 418.4 Finished products 588.2 527.8 Subtotal 1,198.6 1,106.0 Allowance for obsolete and surplus inventory (66.0) (63.3) Total inventories, net $ 1,132.6 $ 1,042.7

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the nine months ended September 30, 2022 were as follows: Mobile Process Total Beginning balance $ 371.7 $ 651.0 $ 1,022.7 Acquisitions — 39.2 39.2 Foreign currency translation adjustments and other changes (33.8) (49.0) (82.8) Ending balance $ 337.9 $ 641.2 $ 979.1
Schedule of Finite-Lived Intangible Assets	The following table displays intangible assets as of September 30, 2022 and December 31, 2021: Balance at September 30, 2022 Balance at December 31, 2021 Gross Accumulated Net Gross Accumulated Net Intangible assets Customer relationships $ 459.4 $ (172.0) $ 287.4 $ 518.1 $ (189.3) $ 328.8 Technology and know-how 230.7 (74.2) 156.5 270.7 (86.6) 184.1 Trade names 18.5 (7.3) 11.2 14.3 (9.6) 4.7 Capitalized software 283.6 (264.3) 19.3 280.0 (261.3) 18.7 Other 3.1 (2.4) 0.7 4.7 (3.6) 1.1 $ 995.3 $ (520.2) $ 475.1 $ 1,087.8 $ (550.4) $ 537.4 Intangible assets not subject to amortization: Trade names $ 110.9 $ 110.9 $ 122.7 $ 122.7 FAA air agency certificates 8.7 8.7 8.7 8.7 $ 119.6 $ 119.6 $ 131.4 $ 131.4 Total intangible assets $ 1,114.9 $ (520.2) $ 594.7 $ 1,219.2 $ (550.4) $ 668.8
Schedule of Indefinite-Lived Intangible Assets	The following table displays intangible assets as of September 30, 2022 and December 31, 2021: Balance at September 30, 2022 Balance at December 31, 2021 Gross Accumulated Net Gross Accumulated Net Intangible assets Customer relationships $ 459.4 $ (172.0) $ 287.4 $ 518.1 $ (189.3) $ 328.8 Technology and know-how 230.7 (74.2) 156.5 270.7 (86.6) 184.1 Trade names 18.5 (7.3) 11.2 14.3 (9.6) 4.7 Capitalized software 283.6 (264.3) 19.3 280.0 (261.3) 18.7 Other 3.1 (2.4) 0.7 4.7 (3.6) 1.1 $ 995.3 $ (520.2) $ 475.1 $ 1,087.8 $ (550.4) $ 537.4 Intangible assets not subject to amortization: Trade names $ 110.9 $ 110.9 $ 122.7 $ 122.7 FAA air agency certificates 8.7 8.7 8.7 8.7 $ 119.6 $ 119.6 $ 131.4 $ 131.4 Total intangible assets $ 1,114.9 $ (520.2) $ 594.7 $ 1,219.2 $ (550.4) $ 668.8

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	The following table displays other current liabilities as of September 30, 2022 and December 31, 2021: (Dollars in millions) September 30, December 31, Sales rebates $ 67.7 $ 70.3 Freight and duties 24.5 25.5 Operating lease liabilities 22.2 26.2 Product warranty 19.6 11.7 Professional fees 16.4 10.8 Restructuring 4.1 7.0 Taxes other than income and payroll taxes 18.0 16.0 Interest 15.8 10.8 Other 105.1 72.3 Total other current liabilities $ 293.4 $ 250.6

Financing Arrangements (Tables)

Financing Arrangements (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Short-Term Debt	Short-term debt at September 30, 2022 and December 31, 2021 was as follows: September 30, December 31, Borrowings under lines of credit for certain of the Company’s foreign subsidiaries with various banks with interest rates ranging from 1.18% to 2.75% at September 30, 2022 and 0.50% to 2.00% at December 31, 2021 $ 50.9 $ 42.6 Short-term debt $ 50.9 $ 42.6
Schedule of Long-Term Debt	Long-term debt at September 30, 2022 and December 31, 2021 was as follows: September 30, December 31, Variable-rate Senior Credit Facility with an average interest rate on Euro of 1.00% at September 30, 2022 and U.S. Dollar of 1.09% and Euro of 1.00% at December 31, 2021 $ 7.8 $ 9.0 Variable-rate Accounts Receivable Facility — — Variable-rate Term Loan (1) , maturing on September 11, 2023, with an interest rate of 4.24% at September 30, 2022 and 1.23% at December 31, 2021 314.8 321.1 Fixed-rate Senior Unsecured Notes (1) , maturing on September 1, 2024, with an interest rate of 3.875% 349.7 349.5 Fixed-rate Euro Senior Unsecured Notes (1) , maturing on September 7, 2027, with an interest rate of 2.02% 146.8 170.3 Fixed-rate Senior Unsecured Notes (1) , maturing on December 15, 2028, with an interest rate of 4.50% 397.1 396.9 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% 154.7 154.7 Fixed-rate Senior Unsecured Notes (1) , maturing on April 1, 2032, with an interest rate of 4.125% 341.7 — Fixed-rate Euro Bank Loan, maturing on June 30, 2033, with an interest rate of 2.15% 12.7 15.8 Other 6.9 5.0 Total debt $ 1,732.2 $ 1,422.3 Less: Current maturities 320.9 11.2 Long-term debt $ 1,411.3 $ 1,411.1
Schedule of Maturities of Long-term Debt	The maturities of long-term debt (including $3.1 million of finance leases) subsequent to September 30, 2022 are as follows: Year 2022 $ 3.7 2023 318.6 2024 359.4 2025 1.5 2026 11.3 2027 172.6 Thereafter 865.1

Contingencies (Tables)

Contingencies (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranty Liability	The following is a rollforward of the consolidated product warranty accrual for the nine months ended September 30, 2022 and twelve months ended December 31, 2021: September 30, December 31, Beginning balance, January 1 $ 11.7 $ 9.4 Expense 10.5 10.1 Payments (2.6) (7.8) Ending balance $ 19.6 $ 11.7

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of Stockholders Equity	The following tables present the changes in the components of equity for the three and nine months ended September 30, 2022 and 2021, respectively: The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at June 30, 2022 $ 2,289.2 $ 40.7 $ 804.1 $ 1,793.2 $ (155.9) $ (278.5) $ 85.6 Net income 90.4 87.0 3.4 Foreign currency translation adjustment (136.8) (133.5) (3.3) Pension and other postretirement liability adjustments (net of income tax benefit of $0.6 million) (1.4) (1.4) Change in fair value of derivative financial 1.8 1.8 Dividends declared to noncontrolling interest (0.5) (0.5) Dividends – $0.31 per share (22.8) (22.8) Stock-based compensation expense 6.7 6.7 Stock purchased at fair market value (49.0) (49.0) Stock option exercise activity 2.6 2.6 Shares surrendered for stock option activity — 3.8 (3.8) Payments related to tax withholding for (1.4) (1.4) Balance at September 30, 2022 $ 2,178.8 $ 40.7 $ 817.2 $ 1,857.4 $ (289.0) $ (332.7) $ 85.2 The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at December 31, 2021 $ 2,377.7 $ 40.7 $ 786.9 $ 1,616.4 $ (23.0) $ (126.1) $ 82.8 Net income 317.9 310.2 7.7 Foreign currency translation adjustment (272.5) (267.7) (4.8) Pension and other postretirement liability adjustments (net of income tax benefit of $1.5 million) (4.3) (4.3) Change in fair value of derivative financial 6.0 6.0 Dividends - $0.92 per share (69.2) (69.2) Dividends declared to noncontrolling interest (0.5) (0.5) Stock-based compensation expense 22.3 22.3 Stock purchased at fair market value (193.3) (193.3) Stock option exercise activity 4.2 4.2 Shares surrendered for stock option activity — 3.8 (3.8) Payments related to tax withholding for (9.5) (9.5) Balance at September 30, 2022 $ 2,178.8 $ 40.7 $ 817.2 $ 1,857.4 $ (289.0) $ (332.7) $ 85.2 Note 13 - Equity (continued) The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at June 30, 2021 $ 2,367.3 $ 40.7 $ 778.6 $ 1,510.9 $ 19.8 $ (59.1) $ 76.4 Net income 91.6 88.1 3.5 Foreign currency translation adjustment (32.9) (33.1) 0.2 Pension and other postretirement liability adjustments (net of income tax benefit of $0.5 million) (1.5) (1.5) Change in fair value of derivative financial 2.5 2.5 Dividends paid to noncontrolling interest (0.6) (0.6) Dividends - $0.30 per share (22.8) (22.8) Stock-based compensation expense 3.1 3.1 Stock purchased at fair market value (30.3) (30.3) Balance at September 30, 2021 $ 2,376.4 $ 40.7 $ 781.7 $ 1,576.2 $ (12.3) $ (89.4) $ 79.5 The Timken Company Shareholders Total Stated Other Retained Earnings Accumulated Treasury Non Balance at December 31, 2020 $ 2,225.2 $ 40.7 $ 740.7 $ 1,339.5 $ 41.3 $ (9.3) $ 72.3 Net income 314.8 306.2 8.6 Foreign currency translation adjustment (54.1) (53.3) (0.8) Pension and other postretirement liability adjustments (net of income tax benefit of $1.6 million) (4.8) (4.8) Change in fair value of derivative financial 4.5 4.5 Dividends paid to noncontrolling interest (0.6) (0.6) Dividends - $0.89 per share (69.5) (69.5) Stock-based compensation expense 15.6 15.6 Stock purchased at fair market value (56.6) (56.6) Stock option exercise activity 25.4 25.4 Payments related to tax withholding for (23.5) (23.5) Balance at September 30, 2021 $ 2,376.4 $ 40.7 $ 781.7 $ 1,576.2 $ (12.3) $ (89.4) $ 79.5

Impairment and Restructuring _2

Impairment and Restructuring Charges (Tables)	9 Months Ended
	Sep. 30, 2022
Restructuring Charges [Abstract]
Schedule of Restructuring and Related Costs	Impairment and restructuring charges by segment are comprised of the following: For the three months ended September 30, 2022: Mobile Industries Process Industries Total Impairment charges $ 29.5 $ — $ 29.5 Severance and related benefit costs 1.3 0.1 1.4 Exit costs 0.3 0.1 0.4 Total $ 31.1 $ 0.2 $ 31.3 For the nine months ended September 30, 2022: Mobile Industries Process Industries Total Impairment charges $ 38.3 $ — $ 38.3 Severance and related benefit costs 2.4 0.4 2.8 Exit costs 1.1 0.1 1.2 Total $ 41.8 $ 0.5 $ 42.3 For the three months ended September 30, 2021: Mobile Industries Process Industries Total Severance and related benefit costs $ 2.2 $ 0.3 $ 2.5 Exit costs 0.4 — 0.4 Total $ 2.6 $ 0.3 $ 2.9 For the nine months ended September 30, 2021: Mobile Industries Process Industries Total Impairment charges $ 1.1 $ 3.4 $ 4.5 Severance and related benefit costs 2.2 0.9 3.1 Exit costs 0.6 — 0.6 Total $ 3.9 $ 4.3 $ 8.2 The following is a rollforward of the consolidated restructuring accrual for the nine months ended September 30, 2022 and twelve months ended December 31, 2021: September 30, December 31, Beginning balance, January 1 $ 7.0 $ 8.0 Expense 4.0 4.4 Payments (6.9) (5.4) Ending balance $ 4.1 $ 7.0

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2022
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Schedule of Defined Benefit Plans Disclosures	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, 2022 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of that period’s proportionate share of the amounts to be recorded for the year ending December 31, 2022. U.S. Plans International Plans Total Three Months Ended Three Months Ended Three Months Ended 2022 2021 2022 2021 2022 2021 Components of net periodic benefit cost (credit): Service cost $ 1.6 $ 2.4 $ 0.4 $ 0.5 $ 2.0 $ 2.9 Interest cost 4.7 4.3 1.4 1.1 6.1 5.4 Expected return on plan assets (4.3) (5.5) (2.2) (2.5) (6.5) (8.0) Amortization of prior service cost 0.3 0.4 — — 0.3 0.4 Recognition of net actuarial losses 1.0 3.9 — — 1.0 3.9 Net periodic benefit cost (credit) $ 3.3 $ 5.5 $ (0.4) $ (0.9) $ 2.9 $ 4.6 U.S. Plans International Plans Total Nine Months Ended Nine Months Ended Nine Months Ended 2022 2021 2022 2021 2022 2021 Components of net periodic benefit cost (credit): Service cost $ 5.3 $ 7.2 $ 1.2 $ 1.5 $ 6.5 $ 8.7 Interest cost 12.9 13.2 4.3 3.3 17.2 16.5 Expected return on plan assets (14.5) (17.7) (7.1) (7.6) (21.6) (25.3) Amortization of prior service cost 0.9 1.0 0.1 0.1 1.0 1.1 Recognition of net actuarial losses 15.2 8.3 — — 15.2 8.3 Net periodic benefit cost (credit) $ 19.8 $ 12.0 $ (1.5) $ (2.7) $ 18.3 $ 9.3

Other Postretirement Benefit _2

Other Postretirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2022
Postretirement Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Schedule of Defined Benefit Plans Disclosures	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, 2022 are based on calculations prepared by the Company's actuaries and represent the Company’s best estimate of that period’s proportionate share of the amounts to be recorded for the year ending December 31, 2022. Three Months Ended Nine Months Ended 2022 2021 2022 2021 Net periodic benefit credit: Service Cost $ — $ — $ 0.1 $ 0.1 Interest cost 0.4 0.4 1.1 1.1 Amortization of prior service credit (2.6) (2.6) (7.6) (7.6) Net periodic benefit credit $ (2.2) $ (2.2) $ (6.4) $ (6.4)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Components of Accumulated Other Comprehensive (Loss) Income	The following tables present details about components of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2022 and 2021, respectively: Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at June 30, 2022 $ (214.5) $ 53.7 $ 4.9 $ (155.9) Other comprehensive (loss) income before (136.8) 0.3 3.3 (133.2) Amounts reclassified from accumulated other — (2.3) (0.8) (3.1) Income tax (expense) benefit — 0.6 (0.7) (0.1) Net current period other comprehensive (loss) (136.8) (1.4) 1.8 (136.4) Noncontrolling interest 3.3 — — 3.3 Net current period other comprehensive (loss) (133.5) (1.4) 1.8 (133.1) Balance at September 30, 2022 $ (348.0) $ 52.3 $ 6.7 $ (289.0) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2021 $ (80.3) $ 56.6 $ 0.7 $ (23.0) Other comprehensive (loss) income before (272.5) 0.8 10.4 (261.3) Amounts reclassified from accumulated other — (6.6) (2.4) (9.0) Income tax (expense) benefit — 1.5 (2.0) (0.5) Net current period other comprehensive (loss) (272.5) (4.3) 6.0 (270.8) Noncontrolling interest 4.8 — — 4.8 Net current period other comprehensive (loss) (267.7) (4.3) 6.0 (266.0) Balance at September 30, 2022 $ (348.0) $ 52.3 $ 6.7 $ (289.0) Note 17 - Accumulated Other Comprehensive Income (Loss) (continued) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at June 30, 2021 $ (38.2) $ 60.1 $ (2.1) $ 19.8 Other comprehensive (loss) income before (32.9) 0.2 2.7 (30.0) Amounts reclassified from accumulated other — (2.2) 0.9 (1.3) Income tax benefit (expense) — 0.5 (1.1) (0.6) Net current period other comprehensive (loss) (32.9) (1.5) 2.5 (31.9) Noncontrolling interest (0.2) — — (0.2) Net current period comprehensive (loss) income, (33.1) (1.5) 2.5 (32.1) Balance at September 30, 2021 $ (71.3) $ 58.6 $ 0.4 $ (12.3) Foreign currency translation adjustments Pension and other postretirement liability adjustments Change in fair value of derivative financial instruments Total Balance at December 31, 2020 $ (18.0) $ 63.4 $ (4.1) $ 41.3 Other comprehensive (loss) income before (54.1) 0.1 2.0 (52.0) Amounts reclassified from accumulated other — (6.5) 4.3 (2.2) Income tax benefit (expense) — 1.6 (1.8) (0.2) Net current period other comprehensive (loss) (54.1) (4.8) 4.5 (54.4) Noncontrolling interest 0.8 — — 0.8 Net current period comprehensive (loss) income, (53.3) (4.8) 4.5 (53.6) Balance at September 30, 2021 $ (71.3) $ 58.6 $ 0.4 $ (12.3)

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of 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, 2022 and December 31, 2021: September 30, 2022 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 267.3 $ 266.5 $ 0.8 $ — Cash and cash equivalents measured at net asset value 33.5 — — — Restricted cash 0.7 0.7 — — Short-term investments 24.7 — 24.7 — Interest rate swap contract 3.7 — 3.7 — Foreign currency forward contracts 15.0 — 15.0 — Total assets $ 344.9 $ 267.2 $ 44.2 $ — Liabilities: Foreign currency forward contracts $ 11.0 $ — $ 11.0 $ — Total liabilities $ 11.0 $ — $ 11.0 $ — December 31, 2021 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 257.1 $ 244.8 $ 12.3 $ — Restricted cash 0.8 0.8 — — Short-term investments 56.9 — 56.9 — Foreign currency forward contracts 5.6 — 5.6 — Total assets $ 320.4 $ 245.6 $ 74.8 $ — Liabilities: Foreign currency forward contracts $ 1.0 $ — $ 1.0 $ — Total liabilities $ 1.0 $ — $ 1.0 $ —

Derivatives Instruments and H_2

Derivatives Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Not Designated as Hedging Instruments	The following table presents the impact of derivative instruments not designated as hedging instruments for the three and nine months ended September 30, 2022 and 2021, respectively, and the related 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 2022 2021 2022 2021 Foreign currency forward contracts Other expense, net $ (1.1) $ 1.2 $ (8.0) $ 0.5

Acquisitions and Divestitures -

Acquisitions and Divestitures - Acquisitions Narrative (Details) - USD ($) $ in Millions				3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 06, 2022	May 31, 2022	Aug. 20, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022
Business Acquisition [Line Items]
Acquisitions, net of cash acquired						$ 152.4	$ 7.2
Cash acquired from acquisition						0.2
Revenue				$ 1,136.4	$ 1,037.3	3,414.7	$ 3,125.6
Forecast | GGB
Business Acquisition [Line Items]
Revenue								$ 200
Spinea
Business Acquisition [Line Items]
Revenue reported by acquired entity		$ 40
Acquisitions, net of cash acquired		152.4
Cash acquired from acquisition		$ 0.2
IMS
Business Acquisition [Line Items]
Revenue reported by acquired entity			$ 6
Total purchase price for this acquisition				$ 7.7		$ 7.7
Contingent consideration, liability			$ 3
GGB
Business Acquisition [Line Items]
Consideration transferred	$ 305

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Initial Purchase Price Allocation (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Assets:
Goodwill	$ 979.1	$ 1,022.7
Spinea
Assets:
Accounts receivable	2.1
Inventories	20.9
Other current assets	2.9
Property, plant and equipment	82
Goodwill	39.2
Other intangible assets	32.1
Total assets acquired	179.2
Liabilities:
Accounts payable, trade	7.4
Salaries, wages and benefits	1.5
Other current liabilities	1.2
Long-term debt	0.2
Deferred income taxes	1
Other non-current liabilities	15.5
Total liabilities assumed	26.8
Net assets acquired	$ 152.4

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Preliminary Purchase Price Allocation of Identifiable Intangible Assets Acquired (Details) - Spinea $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 32.1
Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 8.2
Weighted - Average Life	20 years
Technology and know-how
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 6.1
Weighted - Average Life	6 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 17.2
Weighted - Average Life	17 years
Capitalized software
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 0.6
Weighted - Average Life	2 years

Acquisitions and Divestitures_4

Acquisitions and Divestitures - Final Purchase Price Allocation (Details) - IMS $ in Millions	Sep. 30, 2022 USD ($)
Business Acquisition [Line Items]
Total assets acquired	$ 9.8
Total liabilities assumed	2.1
Net assets acquired	$ 7.7

Acquisitions and Divestitures_5

Acquisitions and Divestitures - Divestitures Narrative (Details) $ in Millions		9 Months Ended		12 Months Ended
	Sep. 01, 2022 USD ($) subsidiary	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds		$ 1	$ 0
Recognized loss		2.1	$ 0
Russia
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of subsidiaries sold | subsidiary	1
Number of subsidiaries | subsidiary	2
Disposed of by Sale | Timken Russia
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		4.8		$ 19.6
Proceeds	$ 1
Net of cash divested	5.3
Recognized loss	$ 2.1
Held-for-sale | ADS
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets, current		40.1
Liabilities, current		7.3
Impairment charge		$ 29.3

Acquisitions and Divestitures_6

Acquisitions and Divestitures - Assets and Liabilities Held for Sale (Details) - Held-for-sale - ADS $ in Millions	Sep. 30, 2022 USD ($)
Assets:
Accounts receivable, net	$ 6
Unbilled receivables	25.4
Inventories, net	13.4
Property, plant and equipment, net	4.4
Operating lease assets	3.7
Intangible assets, net	16.2
Other assets	0.3
Total assets	69.4
Less: impairment charge	(29.3)
Assets held for sale	40.1
Liabilities:
Accounts payable, trade	2.1
Salaries, wages and benefits	1.1
Other current liabilities	1
Long-term operating lease liabilities	3.1
Liabilities held for sale	$ 7.3

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 1,136.4	$ 1,037.3	$ 3,414.7	$ 3,125.6
Revenue Benchmark | Customer Concentration Risk | Original equipment manufacturers
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)			60%	61%
Revenue Benchmark | Customer Concentration Risk | Distribution/end users
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)			40%	39%
Mobile
Disaggregation of Revenue [Line Items]
Net sales	526.9	487.3	$ 1,610.9	$ 1,486
Process
Disaggregation of Revenue [Line Items]
Net sales	609.5	550	1,803.8	1,639.6
United States
Disaggregation of Revenue [Line Items]
Net sales	515	429.5	1,504	1,297.6
United States | Mobile
Disaggregation of Revenue [Line Items]
Net sales	276.3	235.3	808.8	715.6
United States | Process
Disaggregation of Revenue [Line Items]
Net sales	238.7	194.2	695.2	582
Americas excluding the United States
Disaggregation of Revenue [Line Items]
Net sales	124.3	102.3	365.8	295.7
Americas excluding the United States | Mobile
Disaggregation of Revenue [Line Items]
Net sales	59.2	54.9	181	156
Americas excluding the United States | Process
Disaggregation of Revenue [Line Items]
Net sales	65.1	47.4	184.8	139.7
Europe / Middle East / Africa
Disaggregation of Revenue [Line Items]
Net sales	229.9	255.7	754.8	771.5
Europe / Middle East / Africa | Mobile
Disaggregation of Revenue [Line Items]
Net sales	105.2	118.2	352.7	369.6
Europe / Middle East / Africa | Process
Disaggregation of Revenue [Line Items]
Net sales	124.7	137.5	402.1	401.9
China
Disaggregation of Revenue [Line Items]
Net sales	159.9	153.6	466.2	482.9
China | Mobile
Disaggregation of Revenue [Line Items]
Net sales	30.4	27.7	92.3	94.3
China | Process
Disaggregation of Revenue [Line Items]
Net sales	129.5	125.9	373.9	388.6
Asia-Pacific excluding China
Disaggregation of Revenue [Line Items]
Net sales	107.3	96.2	323.9	277.9
Asia-Pacific excluding China | Mobile
Disaggregation of Revenue [Line Items]
Net sales	55.8	51.2	176.1	150.5
Asia-Pacific excluding China | Process
Disaggregation of Revenue [Line Items]
Net sales	$ 51.5	$ 45	$ 147.8	$ 127.4

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Amount of revenue for remaining performance obligations	$ 170,700,000
Impairment losses	$ 0	$ 0
Revenue Benchmark | Customer Concentration Risk | U.S. Government
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)	7%	7%
Revenue Benchmark | Customer Concentration Risk | Service Revenue
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)	4%	4%
Revenue Benchmark | Customer Concentration Risk | Transferred Over Time
Disaggregation of Revenue [Line Items]
Concentration risk percentage (as a percent)	9%	8%

Revenue - Schedule of Contract

Revenue - Schedule of Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 104.5	$ 110.9
Additional unbilled revenue recognized	301.9	383
Less: amounts billed to customers	(297.4)	(389.4)
Less: unbilled receivables reclassified to assets held for sale	(25.4)	0
Ending balance	$ 83.6	$ 104.5

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Net sales	$ 1,136.4	$ 1,037.3	$ 3,414.7	$ 3,125.6
Total EBITDA, for reportable segments	185.3	182.9	648.6	602
Unallocated corporate expense	117.1	112	426.8	389.9
Corporate pension and other postretirement benefit related expense	(1)	(3.9)	(15.2)	(8.3)
Acquisition-related gain	0	0.3	0	0.9
Depreciation and amortization	(39.9)	(41.3)	(122)	(126.5)
Interest expense	(19.3)	(14.8)	(51.9)	(45)
Interest income	1.1	0.5	2.7	1.7
Mobile
Segment Reporting Information [Line Items]
Net sales	526.9	487.3	1,610.9	1,486
Total EBITDA, for reportable segments	20	53.2	164.2	200.1
Process
Segment Reporting Information [Line Items]
Net sales	609.5	550	1,803.8	1,639.6
Total EBITDA, for reportable segments	165.3	129.7	484.4	401.9
Corporate
Segment Reporting Information [Line Items]
Unallocated corporate expense	$ (9.1)	$ (11.7)	$ (35.4)	$ (34.9)

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 26.7	$ 20.4	$ 108.9	$ 75.1
Effective tax rate (as a percent)	22.80%	18.20%	25.50%	19.30%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Effective tax rate (as a percent)	22.80%	18.20%	25.50%	19.30%

Earnings Per Share - Denominato

Earnings Per Share - Denominator of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net income attributable to The Timken Company	$ 87	$ 88.1	$ 310.2	$ 306.2
Less: undistributed earnings allocated to nonvested stock	0	0	0	0
Net income available to common shareholders for basic and diluted earnings per share	$ 87	$ 88.1	$ 310.2	$ 306.2
Denominator:
Weighted-average number of shares outstanding - basic (in shares)	73,177,956	76,068,582	73,890,483	75,980,355
Effect of dilutive securities:
Stock options and awards - based on the treasury stock method (in shares)	688,787	955,391	658,228	1,177,259
Weighted-average number of shares outstanding, assuming dilution of stock options and awards (in shares)	73,866,743	77,023,973	74,548,711	77,157,614
Basic earnings per share (in dollars per share)	$ 1.19	$ 1.16	$ 4.20	$ 4.03
Diluted earnings per share (in dollars per share)	$ 1.18	$ 1.14	$ 4.16	$ 3.97

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Antidilutive stock options outstanding (in shares)	0	0	0	0

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Inventories, net:
Manufacturing supplies	$ 39.7	$ 38
Raw materials	115.9	121.8
Work in process	454.8	418.4
Finished products	588.2	527.8
Subtotal	1,198.6	1,106
Allowance for obsolete and surplus inventory	(66)	(63.3)
Total inventories, net	$ 1,132.6	$ 1,042.7

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Proportion of inventories valued by FIFO method (as a percent)	56%
Proportion of inventories valued by LIFO method (as a percent)	44%
Inventory, LIFO reserve	$ 229.1	$ 199.4

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Carrying Value of Goodwill (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 1,022.7
Acquisitions	39.2
Foreign currency translation adjustments and other changes	(82.8)
Ending balance	979.1
Mobile Industries
Goodwill [Roll Forward]
Beginning balance	371.7
Acquisitions	0
Foreign currency translation adjustments and other changes	(33.8)
Ending balance	337.9
Process Industries
Goodwill [Roll Forward]
Beginning balance	651
Acquisitions	39.2
Foreign currency translation adjustments and other changes	(49)
Ending balance	$ 641.2

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Goodwill [Line Items]
Acquisitions	$ 39.2
Amortization expense for intangible assets	37.4	$ 41.7
Amortization expense for intangible assets acquired as part of a business combination	32.2	$ 35.8
Future amortization expense 2022	49.7
Future amortization expense 2023	42.2
Future amortization expense 2024	40.3
Future amortization expense 2025	38.3
Future amortization expense 2026	36.9
Spinea
Goodwill [Line Items]
Acquisitions	$ 39.2
Goodwill, expected tax deductible percent (as a percent)	100%

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Intangible assets subject to amortization:
Gross Carrying Amount	$ 995.3	$ 1,087.8
Accumulated Amortization	(520.2)	(550.4)
Net Carrying Amount	475.1	537.4
Intangible assets not subject to amortization:
Intangible assets not subject to amortization	119.6	131.4
Gross intangible assets (excluding goodwill)	1,114.9	1,219.2
Accumulated Amortization	(520.2)	(550.4)
Total intangible assets, net carrying amount	594.7	668.8
Trade names
Intangible assets not subject to amortization:
Intangible assets not subject to amortization	110.9	122.7
FAA air agency certificates
Intangible assets not subject to amortization:
Intangible assets not subject to amortization	8.7	8.7
Customer relationships
Intangible assets subject to amortization:
Gross Carrying Amount	459.4	518.1
Accumulated Amortization	(172)	(189.3)
Net Carrying Amount	287.4	328.8
Intangible assets not subject to amortization:
Accumulated Amortization	(172)	(189.3)
Technology and know-how
Intangible assets subject to amortization:
Gross Carrying Amount	230.7	270.7
Accumulated Amortization	(74.2)	(86.6)
Net Carrying Amount	156.5	184.1
Intangible assets not subject to amortization:
Accumulated Amortization	(74.2)	(86.6)
Trade names
Intangible assets subject to amortization:
Gross Carrying Amount	18.5	14.3
Accumulated Amortization	(7.3)	(9.6)
Net Carrying Amount	11.2	4.7
Intangible assets not subject to amortization:
Accumulated Amortization	(7.3)	(9.6)
Capitalized software
Intangible assets subject to amortization:
Gross Carrying Amount	283.6	280
Accumulated Amortization	(264.3)	(261.3)
Net Carrying Amount	19.3	18.7
Intangible assets not subject to amortization:
Accumulated Amortization	(264.3)	(261.3)
Other
Intangible assets subject to amortization:
Gross Carrying Amount	3.1	4.7
Accumulated Amortization	(2.4)	(3.6)
Net Carrying Amount	0.7	1.1
Intangible assets not subject to amortization:
Accumulated Amortization	$ (2.4)	$ (3.6)

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Sales rebates	$ 67.7	$ 70.3
Freight and duties	24.5	25.5
Operating lease liabilities	22.2	26.2
Product warranty	19.6	11.7
Professional fees	16.4	10.8
Restructuring	4.1	7	$ 8
Taxes other than income and payroll taxes	18	16
Interest	15.8	10.8
Other	105.1	72.3
Total other current liabilities	$ 293.4	$ 250.6

Financing Arrangements - Short

Financing Arrangements - Short Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Short-term Debt [Line Items]
Short-term debt	$ 50.9	$ 42.6
Foreign Subsidiary
Short-term Debt [Line Items]
Short-term debt	$ 50.9	$ 42.6
Line of credit stated variable interest rate, low range (as a percent)	1.18%	0.50%
Line of credit stated variable interest rate, high range (as a percent)	2.75%	2%

Financing Arrangements - Narrat

Financing Arrangements - Narrative (Details) € in Millions		3 Months Ended	9 Months Ended
	Sep. 11, 2018 USD ($)	Mar. 31, 2022 EUR (€)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Mar. 28, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 25, 2019 covenant
Short-term Debt [Line Items]
Short-term debt			$ 50,900,000			$ 42,600,000
Borrowings guarantees			43,500,000
Fair value of amount outstanding			1,732,200,000			1,422,300,000
Proceeds from long-term debt			684,500,000	$ 215,000,000
Foreign Subsidiary
Short-term Debt [Line Items]
Maximum borrowing capacity under line of credit			235,800,000
Short-term debt			50,900,000			42,600,000
Borrowings guarantees			2,600,000
Line of credit facility, remaining borrowing capacity			182,300,000
Variable-rate Accounts Receivable Facility
Short-term Debt [Line Items]
Maximum borrowing capacity under line of credit			100,000,000
Current borrowing capacity			0
Fair value of amount outstanding			0			0
Senior Unsecured Notes - Variable Rate
Short-term Debt [Line Items]
Maximum borrowing capacity under line of credit			650,000,000
Line of credit facility, remaining borrowing capacity			642,200,000
Fair value of amount outstanding			7,800,000			9,000,000
Number of financial covenant | covenant							2
Senior Unsecured Notes -4.125%
Short-term Debt [Line Items]
Fair value of amount outstanding			$ 341,700,000			$ 0
Aggregate principal amount					$ 350,000,000
Debt instrument, interest rate, stated percentage (as a percent)			4.125%		4.125%	4.125%
Proceeds from long-term debt | €		€ 6.5
Term Loan - Variable Rate
Short-term Debt [Line Items]
Fair value of amount outstanding			$ 314,800,000			$ 321,100,000
Proceeds from long-term debt	$ 350,000,000

Financing Arrangements - Long T

Financing Arrangements - Long Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	Mar. 28, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total debt	$ 1,732.2		$ 1,422.3
Less: Current maturities	320.9		11.2
Long-term debt	$ 1,411.3		$ 1,411.1
Senior Unsecured Notes - 3.875%
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage (as a percent)	3.875%		3.875%
Euro Senior Unsecured Notes - 2.02%
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage (as a percent)	2.02%		2.02%
Series A Medium Term Note | Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage (as a percent)	6.74%		6.74%
Series A Medium Term Note | Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage (as a percent)	7.76%		7.76%
Senior Unsecured Notes - Variable Rate
Debt Instrument [Line Items]
Total debt	$ 7.8		$ 9
Debt instrument, interest rate, stated percentage (as a percent)			1.09%
Variable-rate Accounts Receivable Facility
Debt Instrument [Line Items]
Total debt	0		$ 0
Term Loan - Variable Rate
Debt Instrument [Line Items]
Total debt	$ 314.8		$ 321.1
Long-term debt, percentage bearing variable interest, percentage rate (as a percent)	4.24%		1.23%
Senior Unsecured Notes - 3.875%
Debt Instrument [Line Items]
Total debt	$ 349.7		$ 349.5
Euro Senior Unsecured Notes - 2.02%
Debt Instrument [Line Items]
Total debt	146.8		170.3
Senior Unsecured Notes - 4.5%
Debt Instrument [Line Items]
Total debt	$ 397.1		$ 396.9
Debt instrument, interest rate, stated percentage (as a percent)	4.50%		4.50%
Series A Medium Term Note
Debt Instrument [Line Items]
Total debt	$ 154.7		$ 154.7
Senior Unsecured Notes -4.125%
Debt Instrument [Line Items]
Total debt	$ 341.7		$ 0
Debt instrument, interest rate, stated percentage (as a percent)	4.125%	4.125%	4.125%
Fixed Rate Bank Loan (BEKA)
Debt Instrument [Line Items]
Total debt	$ 12.7		$ 15.8
Debt instrument, interest rate, stated percentage (as a percent)	2.15%		2.15%
Other
Debt Instrument [Line Items]
Total debt	$ 6.9		$ 5
Euro Member Countries, Euro | Senior Unsecured Notes - Variable Rate
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage (as a percent)	1%		1%

Financing Arrangements - Maturi

Financing Arrangements - Maturities (Details) $ in Millions	Sep. 30, 2022 USD ($)
Debt Disclosure [Abstract]
Total finance lease liabilities	$ 3.1
2022	3.7
2023	318.6
2024	359.4
2025	1.5
2026	11.3
2027	172.6
Thereafter	$ 865.1

Contingencies - Narratives (Det

Contingencies - Narratives (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Accrual for environmental loss contingencies	$ 5	$ 6
Standard product warranty accrual	$ 19.6	$ 11.7	$ 9.4

Contingencies - Schedule of Pro

Contingencies - Schedule of Product Warranty (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance, January 1	$ 11.7	$ 9.4
Expense	10.5	10.1
Payments	(2.6)	(7.8)
Ending balance	$ 19.6	$ 11.7

Equity (Details)

Equity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ 2,289.2	$ 2,367.3	$ 2,377.7	$ 2,225.2
Net Income	90.4	91.6	317.9	314.8
Foreign currency translation adjustments	(136.8)	(32.9)	(272.5)	(54.1)
Pension and other postretirement liability adjustments (net of income tax benefits)	(1.4)	(1.5)	(4.3)	(4.8)
Change in fair value of derivative financial instruments, net of reclassifications	1.8	2.5	6	4.5
Dividends paid to noncontrolling interest	(0.5)	(0.6)	(0.5)	(0.6)
Dividends	(22.8)	(22.8)	(69.2)	(69.5)
Stock-based compensation expense	6.7	3.1	22.3	15.6
Stock purchased at fair market value	(49)	(30.3)	(193.3)	(56.6)
Stock option exercise activity	2.6		4.2	25.4
Shares surrendered for stock option activity	0		0
Payments related to tax withholding for stock-based compensation	(1.4)		(9.5)	(23.5)
Ending Balance	2,178.8	2,376.4	2,178.8	2,376.4
Pension and other postretirement liability adjustment, tax benefit	$ 0.6	$ 0.5	$ 1.5	$ 1.6
Dividends (in dollars per shares)	$ 0.31	$ 0.30	$ 0.92	$ 0.89
Stated Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ 40.7	$ 40.7	$ 40.7	$ 40.7
Ending Balance	40.7	40.7	40.7	40.7
Other Paid-In Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	804.1	778.6	786.9	740.7
Stock-based compensation expense	6.7	3.1	22.3	15.6
Stock option exercise activity	2.6		4.2	25.4
Shares surrendered for stock option activity	3.8		3.8
Ending Balance	817.2	781.7	817.2	781.7
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	1,793.2	1,510.9	1,616.4	1,339.5
Net Income	87	88.1	310.2	306.2
Dividends	(22.8)	(22.8)	(69.2)	(69.5)
Ending Balance	1,857.4	1,576.2	1,857.4	1,576.2
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(155.9)	19.8	(23)	41.3
Foreign currency translation adjustments	(133.5)	(33.1)	(267.7)	(53.3)
Pension and other postretirement liability adjustments (net of income tax benefits)	(1.4)	(1.5)	(4.3)	(4.8)
Change in fair value of derivative financial instruments, net of reclassifications	1.8	2.5	6	4.5
Ending Balance	(289)	(12.3)	(289)	(12.3)
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(278.5)	(59.1)	(126.1)	(9.3)
Stock purchased at fair market value	(49)	(30.3)	(193.3)	(56.6)
Shares surrendered for stock option activity	(3.8)		(3.8)
Payments related to tax withholding for stock-based compensation	(1.4)		(9.5)	(23.5)
Ending Balance	(332.7)	(89.4)	(332.7)	(89.4)
Non controlling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	85.6	76.4	82.8	72.3
Net Income	3.4	3.5	7.7	8.6
Foreign currency translation adjustments	(3.3)	0.2	(4.8)	(0.8)
Dividends paid to noncontrolling interest	(0.5)	(0.6)	(0.5)	(0.6)
Ending Balance	$ 85.2	$ 79.5	$ 85.2	$ 79.5

Impairment and Restructuring _3

Impairment and Restructuring Charges - Restructuring Charges by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Cost and Reserve [Line Items]
Impairment charges	$ 29.5		$ 38.3	$ 4.5
Severance and related benefit costs	1.4	$ 2.5	2.8	3.1
Exit costs	0.4	0.4	1.2	0.6
Total	31.3	2.9	42.3	8.2
Mobile Industries
Restructuring Cost and Reserve [Line Items]
Impairment charges	29.5		38.3	1.1
Severance and related benefit costs	1.3	2.2	2.4	2.2
Exit costs	0.3	0.4	1.1	0.6
Total	31.1	2.6	41.8	3.9
Process Industries
Restructuring Cost and Reserve [Line Items]
Impairment charges	0		0	3.4
Severance and related benefit costs	0.1	0.3	0.4	0.9
Exit costs	0.1	0	0.1	0
Total	$ 0.2	$ 0.3	$ 0.5	$ 4.3

Impairment and Restructuring _4

Impairment and Restructuring Charges - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) employee	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) employee	Sep. 30, 2021 USD ($)
Restructuring Cost and Reserve [Line Items]
Impairment charges	$ 29.5		$ 38.3	$ 4.5
Impairment and restructuring charges	31.3	$ 2.9	42.3	8.2
Severance and related benefit costs	1.4	2.5	2.8	3.1
Exit costs	0.4	0.4	1.2	0.6
Mobile Industries
Restructuring Cost and Reserve [Line Items]
Impairment charges	29.5		38.3	1.1
Impairment and restructuring charges	31.1	2.6	41.8	3.9
Severance and related benefit costs	1.3	2.2	2.4	2.2
Exit costs	0.3	0.4	1.1	0.6
Process Industries
Restructuring Cost and Reserve [Line Items]
Impairment charges	0		0	3.4
Impairment and restructuring charges	0.2	0.3	0.5	4.3
Severance and related benefit costs	0.1	0.3	0.4	0.9
Exit costs	$ 0.1	0	0.1	0
Process Industries | Indianapolis, Indiana
Restructuring Cost and Reserve [Line Items]
Severance and related benefit costs		0.3		0.9
Restructuring charges			$ 12.9
Number of employees expected to be hired | employee	130		130
Facility Closing | Mobile Industries
Restructuring Cost and Reserve [Line Items]
Impairment charges			$ 9
Facility Closing | Mobile Industries | Villa Carcina, Italy
Restructuring Cost and Reserve [Line Items]
Impairment charges				1
Number of employees expected to be affected | employee			110
Severance and related benefit costs	$ 0.4	$ 2.2	$ 1.2
Exit costs	0.3		1.3
Restructuring charges			9.1
Facility Closing | Mobile Industries | Villa Carcina, Italy | Minimum
Restructuring Cost and Reserve [Line Items]
Impairment and restructuring charges			9
Facility Closing | Mobile Industries | Villa Carcina, Italy | Maximum
Restructuring Cost and Reserve [Line Items]
Impairment and restructuring charges			$ 11
Facility Closing | Process Industries
Restructuring Cost and Reserve [Line Items]
Impairment charges				$ 3.3
Facility Closing | Process Industries | Indianapolis, Indiana
Restructuring Cost and Reserve [Line Items]
Number of employees expected to be affected | employee			240
Facility Closing | Process Industries | Indianapolis, Indiana | Minimum
Restructuring Cost and Reserve [Line Items]
Impairment and restructuring charges			$ 11
Facility Closing | Process Industries | Indianapolis, Indiana | Maximum
Restructuring Cost and Reserve [Line Items]
Impairment and restructuring charges			$ 14
Held-for-sale | ADS
Restructuring Cost and Reserve [Line Items]
Impairment charge on reclassified assets	$ 29.3

Impairment and Restructuring _5

Impairment and Restructuring Charges - Consolidated Restructuring Accrual (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Restructuring Reserve [Roll Forward]
Beginning balance	$ 7	$ 8
Expense	4	4.4
Payments	(6.9)	(5.4)
Ending Balance	$ 4.1	$ 7

Retirement Benefit Plans - Comp

Retirement Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Components of net periodic benefit cost (credit):
Recognition of net actuarial losses	$ 1	$ 3.9	$ 15.2	$ 8.3
Pension Plan
Components of net periodic benefit cost (credit):
Service cost	2	2.9	6.5	8.7
Interest cost	6.1	5.4	17.2	16.5
Expected return on plan assets	(6.5)	(8)	(21.6)	(25.3)
Amortization of prior service cost	0.3	0.4	1	1.1
Recognition of net actuarial losses	1	3.9	15.2	8.3
Net periodic benefit cost (credit)	2.9	4.6	18.3	9.3
Pension Plan | U.S. Plans
Components of net periodic benefit cost (credit):
Service cost	1.6	2.4	5.3	7.2
Interest cost	4.7	4.3	12.9	13.2
Expected return on plan assets	(4.3)	(5.5)	(14.5)	(17.7)
Amortization of prior service cost	0.3	0.4	0.9	1
Recognition of net actuarial losses	1	3.9	15.2	8.3
Net periodic benefit cost (credit)	3.3	5.5	19.8	12
Pension Plan | International Plans
Components of net periodic benefit cost (credit):
Service cost	0.4	0.5	1.2	1.5
Interest cost	1.4	1.1	4.3	3.3
Expected return on plan assets	(2.2)	(2.5)	(7.1)	(7.6)
Amortization of prior service cost	0	0	0.1	0.1
Recognition of net actuarial losses	0	0	0	0
Net periodic benefit cost (credit)	$ (0.4)	$ (0.9)	$ (1.5)	$ (2.7)

Retirement Benefit Plans - Narr

Retirement Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Recognition of net actuarial losses	$ 1	$ 3.9	$ 15.2	$ 8.3
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Recognition of net actuarial losses	1	3.9	15.2	8.3
U.S. Plans | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Recognition of net actuarial losses	$ 1	$ 3.9	$ 15.2	$ 8.3

Other Postretirement Benefit _3

Other Postretirement Benefit Plans (Details) - Postretirement Plan - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net periodic benefit credit:
Service Cost	$ 0	$ 0	$ 0.1	$ 0.1
Interest cost	0.4	0.4	1.1	1.1
Amortization of prior service credit	(2.6)	(2.6)	(7.6)	(7.6)
Net periodic benefit cost (credit)	$ (2.2)	$ (2.2)	$ (6.4)	$ (6.4)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	$ 2,289.2	$ 2,367.3	$ 2,377.7	$ 2,225.2
Other comprehensive (loss) income before reclassifications and income taxes	(133.2)	(30)	(261.3)	(52)
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes	(3.1)	(1.3)	(9)	(2.2)
Income tax (expense) benefit	(0.1)	(0.6)	(0.5)	(0.2)
Other comprehensive loss, net of tax	(136.4)	(31.9)	(270.8)	(54.4)
Noncontrolling interest	3.3	(0.2)	4.8	0.8
Net current period other comprehensive (loss) income, net of income taxes and noncontrolling interest	(133.1)	(32.1)	(266)	(53.6)
Ending Balance	2,178.8	2,376.4	2,178.8	2,376.4
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(155.9)	19.8	(23)	41.3
Ending Balance	(289)	(12.3)	(289)	(12.3)
Foreign currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(214.5)	(38.2)	(80.3)	(18)
Other comprehensive (loss) income before reclassifications and income taxes	(136.8)	(32.9)	(272.5)	(54.1)
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes	0	0	0	0
Income tax (expense) benefit	0	0	0	0
Other comprehensive loss, net of tax	(136.8)	(32.9)	(272.5)	(54.1)
Noncontrolling interest	3.3	(0.2)	4.8	0.8
Net current period other comprehensive (loss) income, net of income taxes and noncontrolling interest	(133.5)	(33.1)	(267.7)	(53.3)
Ending Balance	(348)	(71.3)	(348)	(71.3)
Pension and other postretirement liability adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	53.7	60.1	56.6	63.4
Other comprehensive (loss) income before reclassifications and income taxes	0.3	0.2	0.8	0.1
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes	(2.3)	(2.2)	(6.6)	(6.5)
Income tax (expense) benefit	0.6	0.5	1.5	1.6
Other comprehensive loss, net of tax	(1.4)	(1.5)	(4.3)	(4.8)
Noncontrolling interest	0	0	0	0
Net current period other comprehensive (loss) income, net of income taxes and noncontrolling interest	(1.4)	(1.5)	(4.3)	(4.8)
Ending Balance	52.3	58.6	52.3	58.6
Change in fair value of derivative financial instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	4.9	(2.1)	0.7	(4.1)
Other comprehensive (loss) income before reclassifications and income taxes	3.3	2.7	10.4	2
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes	(0.8)	0.9	(2.4)	4.3
Income tax (expense) benefit	(0.7)	(1.1)	(2)	(1.8)
Other comprehensive loss, net of tax	1.8	2.5	6	4.5
Noncontrolling interest	0	0	0	0
Net current period other comprehensive (loss) income, net of income taxes and noncontrolling interest	1.8	2.5	6	4.5
Ending Balance	$ 6.7	$ 0.4	$ 6.7	$ 0.4

Fair Value - Fair Value on Recu

Fair Value - Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	$ 33.5
Restricted cash	0.7	$ 0.8
Fair Value, Recurring
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	267.3	257.1
Restricted cash	0.7	0.8
Short-term investments	24.7	56.9
Interest rate swap contract	3.7
Foreign currency forward contracts	15	5.6
Total assets	344.9	320.4
Foreign currency forward contracts	11	1
Total liabilities	11	1
Fair Value, Recurring | Level 1
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	266.5	244.8
Restricted cash	0.7	0.8
Short-term investments	0	0
Interest rate swap contract	0
Foreign currency forward contracts	0	0
Total assets	267.2	245.6
Foreign currency forward contracts	0	0
Total liabilities	0	0
Fair Value, Recurring | Level 2
Assets and Liabilities Measured at fair value on a recurring basis
Cash and cash equivalents	0.8	12.3
Restricted cash	0	0
Short-term investments	24.7	56.9
Interest rate swap contract	3.7
Foreign currency forward contracts	15	5.6
Total assets	44.2	74.8
Foreign currency forward contracts	11	1
Total liabilities	11	1
Fair Value, Recurring | Level 3
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
Interest rate swap contract	0
Foreign currency forward contracts	0	0
Total assets	0	0
Foreign currency forward contracts	0	0
Total liabilities	$ 0	$ 0

Fair Value - Narrative (Details

Fair Value - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property, plant and equipment, carrying value	$ 1,069	$ 1,069		$ 1,055.3
Impairment charges		38.3	$ 4.5
Long-term fixed-rate debt, fair value	1,320.6	1,320.6		1,171.1
Long-term fixed-rate debt, carrying value	1,402.8	1,402.8		$ 1,087.5
Held-for-sale | ADS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying value	62.1	62.1
Business fair value	32.8	32.8
Impairment charge	29.3	29.3
Impairment charge on reclassified assets	29.3
Russia
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property, plant and equipment, carrying value	16.1	16.1
Property, plant and equipment, fair value	$ 7.1	7.1
Impairment charges		$ 9

Derivatives Instruments and H_3

Derivatives Instruments and Hedging Activities - Narrative (Details) € in Millions, $ in Millions		3 Months Ended			9 Months Ended
	Sep. 15, 2020 EUR (€)	Sep. 30, 2022 USD ($)	Mar. 31, 2022 EUR (€)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Sep. 08, 2020 USD ($)
Derivative [Line Items]
Derivative, amount of hedged item							$ 350		$ 100
Proceeds from long-term debt					$ 684.5	$ 215
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes		$ 3.1		$ 1.3	$ 9	$ 2.2
Derivative instrument term			10 years		10 years
Derivative, notional amount		419.4			$ 419.4			$ 300.8
Designated as Hedging Instrument
Derivative [Line Items]
Derivative instrument term					18 months
Derivative, notional amount		71.6			$ 71.6			80
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative, notional amount		347.8			347.8			$ 220.8
2027 Notes
Derivative [Line Items]
Proceeds from long-term debt | €	€ 150
Senior Unsecured Notes -4.125%
Derivative [Line Items]
Proceeds from long-term debt | €			€ 6.5
Net Investment Hedging
Derivative [Line Items]
Derivative, amount of hedged item | €	€ 54.5
Amounts reclassified from accumulated other comprehensive (loss) income before income taxes		$ 3.7			$ 8.5

Derivatives Instruments and H_4

Derivatives Instruments and Hedging Activities - Cash Flow Hedging Strategy (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives not designated as hedging instruments:	$ (1.1)	$ 1.2	$ (8)	$ 0.5