TIMKEN CO Goodwill & Intangibles Disclosure
| Engineered Bearings | Industrial Motion | Total | |||||||||
| Beginning balance | $ | 692.0 | $ | 691.3 | $ | 1,383.3 | |||||
| Foreign currency translation adjustments and other changes | 11.9 | 91.2 | 103.1 | ||||||||
| Ending balance | $ | 703.9 | $ | 782.5 | $ | 1,486.4 | |||||
| Engineered Bearings | Industrial Motion | Total | |||||||||
| Beginning balance | $ | 692.3 | $ | 677.3 | $ | 1,369.6 | |||||
| Acquisitions | — | 61.4 | 61.4 | ||||||||
| Measurement period adjustments related to 2023 acquisitions | 6.0 | 0.4 | 6.4 | ||||||||
| Impairment loss | — | (1.5) | (1.5) | ||||||||
| Foreign currency translation adjustments and other changes | (6.3) | (46.3) | (52.6) | ||||||||
| Ending balance | $ | 692.0 | $ | 691.3 | $ | 1,383.3 | |||||
| 2025 | 2024 | |||||||||||||||||||
| Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||
| Intangible assets subject to amortization: | ||||||||||||||||||||
| Customer relationships | $ | 863.0 | $ | (321.9) | $ | 541.1 | $ | 805.7 | $ | (262.9) | $ | 542.8 | ||||||||
| Technology and know-how | 392.3 | (152.6) | 239.7 | 369.6 | (120.4) | 249.2 | ||||||||||||||
| Trade names | 116.6 | (23.6) | 93.0 | 107.5 | (16.9) | 90.6 | ||||||||||||||
| Capitalized Software | 312.0 | (284.9) | 27.1 | 302.8 | (276.1) | 26.7 | ||||||||||||||
| Other | 2.5 | (1.7) | 0.8 | 11.0 | (9.8) | 1.2 | ||||||||||||||
| $ | 1,686.4 | $ | (784.7) | $ | 901.7 | $ | 1,596.6 | $ | (686.1) | $ | 910.5 | |||||||||
| Intangible assets not subject to amortization: | ||||||||||||||||||||
| Trade names | $ | 91.9 | $ | 91.9 | $ | 87.3 | $ | 87.3 | ||||||||||||
| FAA air agency certificates | 8.7 | 8.7 | 8.7 | 8.7 | ||||||||||||||||
| $ | 100.6 | $ | 100.6 | $ | 96.0 | $ | 96.0 | |||||||||||||
| Total intangible assets | $ | 1,787.0 | $ | (784.7) | $ | 1,002.3 | $ | 1,692.6 | $ | (686.1) | $ | 1,006.5 | ||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 26, 2024 | |
| 2022 | Feb 16, 2023 | |
| 2021 | Feb 15, 2022 | |
| 2020 | Feb 16, 2021 | |
| 2019 | Feb 14, 2020 | |
| 2018 | Feb 15, 2019 | |
| 2017 | Feb 15, 2018 | |
| 2016 | Feb 21, 2017 | |
| 2015 | Feb 24, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.