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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Statements of Income [Abstract]        
Total net sales $ 449.3 $ 464.1 $ 1,350.8 $ 1,360.1
Total cost of sales 338.1 344.9 1,017.9 1,011.5
Production margin 111.2 119.2 332.9 348.6
Marketing and administrative expenses 46.9 45.4 138.2 135.1
Research and development expenses 5.2 5.0 14.9 17.5
Acquisition related transaction and integration costs 0.0 0.3 0.0 1.7
Litigation expenses 5.6 0.0 5.6 0.0
Restructuring and other items, net 0.0 0.3 13.2 0.7
Income from operations 53.5 68.2 161.0 193.6
Interest expense, net (11.0) (11.7) (33.3) (33.9)
Non-cash pension settlement charge 0.0 (3.6) 0.0 (3.6)
Other non-operating income (deductions), net (1.6) (0.9) (5.4) (0.5)
Total non-operating deductions, net (12.6) (16.2) (38.7) (38.0)
Income from operations before tax and equity in earnings 40.9 52.0 122.3 155.6
Provision for taxes on income 2.6 9.7 17.0 29.3
Equity in earnings of affiliates, net of tax 0.8 0.6 1.4 2.9
Consolidated net income 39.1 42.9 106.7 129.2
Less: Net income attributable to non-controlling interests 1.1 1.0 3.0 3.3
Net income attributable to Minerals Technologies Inc. $ 38.0 $ 41.9 $ 103.7 $ 125.9
Basic:        
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) $ 1.09 $ 1.19 $ 2.95 $ 3.57
Diluted:        
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) 1.08 1.18 2.95 3.54
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15
Shares used in computation of earnings per share:        
Basic (in shares) 35.0 35.3 35.1 35.3
Diluted (in shares) 35.1 35.6 35.2 35.6
Product [Member]        
Statements of Income [Abstract]        
Total net sales $ 423.8 $ 444.9 $ 1,279.2 $ 1,302.1
Total cost of sales 320.5 332.1 968.5 972.4
Service [Member]        
Statements of Income [Abstract]        
Total net sales 25.5 19.2 71.6 58.0
Total cost of sales $ 17.6 $ 12.8 $ 49.4 $ 39.1