Noncontrolling interests (Tables)

6 Months Ended

Jul. 03, 2011

Noncontrolling interests [Abstract]

Total equity, equity attributable To MTI, and equity attributable to noncontrolling interests

The following is a reconciliation of beginning and ending total equity, equity attributable to MTI, and equity attributable to non-controlling interests:

		Equity Attributable to MTI
(millions of dollars)		Common Stock		Additional  Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury  Stock			Non-controlling Interests			Total
Balance as of December 31, 2010		$	2.9		323.2		899.2			(3.6	)		(466.2	)		27.2			782.7
Comprehensive Income:
Net income			--		--		32.2			--			--			1.7			33.8
Currency translation adjustment			--		--		--			20.9			--			1.3			22.2
Unamortized pension gains and
	prior service costs		--		--		--			3.0			--			--			3.0
Cash flow hedge:
Net derivative gains (losses)
	arising during the year		--		--		--			(1.4	)		--			--			(1.4	)
Reclassification adjustment			--		--		--			--			--			--			--
Total comprehensive income (loss)			--		--		32.2			22.5			--			2.9			57.6
Dividends declared			--		--		(1.8	)		--			--			--			(1.8	)
Dividends to non-controlling interest			--		--		--			--			--			(0.5	)		(0.5	)
Employee benefit transactions			--		4.8		--			--			--			--			4.8
Income tax benefit arising from employee
	stock option plans		--		0.1		--			--			--			--			0.1
Stock based compensation			--		2.3		--			--			--			--			2.3
Purchase of common stock			--		--		--			--			(23.6	)		--			(23.6	)
Balance as of July 3, 2011		$	2.9		330.5		929.6			18.9			(489.9	)		29.6			821.6