Comprehensive Income (Tables)

6 Months Ended

Jul. 03, 2011

The following are the components of comprehensive income:

			Three Months Ended						Six Months Ended
(millions of dollars)				July 3, 2011			July 4, 2010			July 3, 2011			July 4, 2010
Consolidated net income (loss)			$	17.1		$	19.6		$	33.8		$	35.7
Other comprehensive income, net of tax:
	Foreign currency translation adjustments			5.1			(20.5	)		22.1			(33.8	)
	Pension and postretirement plan adjustments			1.9			1.1			3.0			2.1
	Cash flow hedges:
		Net derivative gains (losses) arising during the period		(0.4	)		3.5			(1.4	)		5.0
Comprehensive income (loss)				23.7			3.7			57.5			9.0
Comprehensive income attributable
		to non-controlling interest		(1.1	)		(0.5	)		(2.9	)		(1.4	)
Comprehensive income (loss) attributable to MTI			$	22.6		$	3.2			54.6			7.6

Accumulated other comprehensive income, net of related tax

The components of accumulated other comprehensive gain, net of related tax, are as follows:

(millions of dollars)		July 3, 2011			December 31, 2010
Foreign currency translation adjustments	$	67.5		$	46.6
Unrecognized pension costs		(48.9	)		(51.9	)
Net gain (loss) on cash flow hedges		0.3			1.7
Accumulated other comprehensive gain (loss)	$	18.9		$	(3.6	)

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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