Noncontrolling interests

9 Months Ended

Sep. 30, 2012

Noncontrolling interests [Abstract]

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		RetainedEarnings			AccumulatedOtherComprehensiveIncome (Loss)			Treasury Stock			Non-controlling Interests			Total
Balance as of December 31, 2011		$	2.9		335.1		963.1			(45.3	)		(514.2	)		26.4			768.0
Net income			--		--		56.4			--			--			1.7			58.1
Dividends declared			--		--		(2.7	)		--			--			--			(2.7	)
Dividends to non-controlling interest			--		--		--			--			--			(3.4	)		(3.4	)
Capital contributions by non-controlling interest			--		--		--			--			--			0.8			0.8
Currency translation adjustment			--		--		--			1.6			--			(0.1	)		1.5
Unamortized pension gains and
	prior service costs		--		--		--			5.5			--			--			5.5
Cash flow hedge:
Net derivative gains (losses)
	arising during the year		--		--		--			0.4			--			--			0.4
Reclassification adjustment			--		--		--			--			--			--			--
Employee benefit transactions			--		6.2		--			--			--			--			6.2
Income tax benefit arising from employee
	stock option plans		--		0.3		--			--			--			--			0.3
Stock based compensation			--		2.3		--			--			--			--			2.3
Purchase of common stock			--		--		--			--			(8.7	)		--			(8.7	)
Balance as of September 30, 2012		$	2.9		343.9		1,016.8			(37.8	)		(522.9	)		25.4			828.3

     The income attributable to non-controlling interests for the nine-month periods ended September 30, 2012 and October 2, 2011 was from continuing operations.  The remainder of income was attributable to MTI.  There were no changes in MTI's ownership interest for the period ended September 30, 2012 as compared with December 31, 2011.