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Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2012

Segment information for the years ended December 31, 2012, 2011 and 2010 was as follows:

	2012
(Millions of Dollars)		Specialty Minerals		Refractories		Total

Net sales	$	662.2	$	343.4	$	1,005.6
Income from operations		84.1		32.6		116.7
Depreciation, depletion and amortization		10.3		40.9		51.2
Segment assets		617.0		355.5		972.5
Capital expenditures		41.0		8.0		49.0

	2011
(Millions of Dollars)		Specialty Minerals		Refractories			Total

Net sales	$	676.1	$	368.8		$	1,044.9
Income from operations		72.8		33.2			106.0
Restructuring and other charges		1.0		(0.6	)		0.5
Depreciation, depletion and amortization		47.6		10.6			58.2
Segment assets		603.8		355.8			959.6
Capital expenditures		41.7		8.0			49.7

	2010
(Millions of Dollars)		Specialty Minerals		Refractories		Total

Net sales	$	665.0	$	337.4	$	1,002.4
Income from operations		74.7		28.0		102.7
Restructuring and other charges		0.5		0.3		0.8
Depreciation, depletion and amortization		52.6		11.4		64.0
Segment assets		585.7		340.5		926.2
Capital expenditures		23.3		8.2		31.5

Reconciliation of Operating Income Before Income Taxes from Segments to Consolidated

A reconciliation of the totals reported for the operating segments to the applicable line items in the consolidated financial statements is as follows:

MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Millions of Dollars)
Income from continuing operations before
	provision for taxes:		2012			2011			2010
Income from operations for reportable segments		$	116.7		$	106.0		$	102.7
Unallocated corporate expenses			(6.7	)		(5.7	)		(4.5	)
Interest income			3.2			3.9			2.7
Interest expense			(3.2	)		(3.3	)		(3.3	)
Other income (deductions)			(3.0	)		(3.2	)		1.2
	Income from continuing operations before provision for taxes	$	107.0			97.7			98.8

Reconciliation of Assets from Segments to Consolidated

Total assets			2012		2011		2010
Total segment assets		$	972.5	$	959.6	$	926.2
Corporate assets			238.7		205.4		189.9

	Consolidated total assets	$	1,211.2	$	1,165.0	$	1,116.1

Reconciliation of Capital Expenditures from Segments to Consolidated

Capital expenditures			2012		2011		2010
Total segment capital expenditures		$	49.0	$	49.7	$	31.5
Corporate capital expenditures			3.1		2.4		3.0
	Consolidated total capital expenditures	$	52.1		52.1		34.5

Goodwill by Reportable Segment

The carrying amount of goodwill by reportable segment as of December 31, 2012 and December 31, 2011 was as follows:

		Goodwill
(Millions of Dollars)			December 31, 2012		December 31, 2011
Specialty Minerals		$	14.1	$	13.8
Refractories			51.7		50.9
	Total	$	65.8	$	64.7

Financial Information Related to Operations by Geographic Area

Financial information relating to the Company's operations by geographic area was as follows:

(Millions of Dollars)
Net Sales			2012		2011		2010
United States		$	562.5	$	557.5	$	534.3

Canada/Latin America			72.5		74.3		68.9
Europe/Africa			257.0		298.4		288.4
Asia			113.6		114.7		110.8
Total International			443.1		487.4		468.1

	Consolidated total net sales	$	1,005.6		1,044.9		1,002.4

(Millions of Dollars)
Long-lived assets			2012		2011		2010
United States		$	235.8	$	239.8	$	239.9

Canada/Latin America			14.5		14.6		14.9
Europe/Africa			69.0		72.0		89.9
Asia			67.3		59.8		59.4
Total International			150.8		146.4		164.2

	Consolidated total long-lived assets	$	386.6		386.2		404.1

Sales by Product Category

The Company's sales by product category are as follows:

Millions of Dollars		2012		2011		2010
Paper PCC	$	480.3	$	497.0	$	496.6
Specialty PCC		65.9		63.6		58.0
Talc		48.1		46.9		44.0
GCC		67.9		68.6		66.4
Refractory Products		264.1		287.4		264.5
Metallurgical Products		79.3		81.4		72.9

Net sales	$	1,005.6	$	1,044.9	$	1,002.4

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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- Definition

Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount.

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- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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