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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statements of Income [Abstract]      
Total net sales $ 1,791.0 $ 1,807.6 $ 1,675.7
Total cost of sales 1,350.4 1,346.2 1,208.5
Production margin 440.6 461.4 467.2
Marketing and administrative expenses 187.5 178.6 180.7
Research and development expenses 20.3 22.7 23.7
Acquisition-related transaction and integration costs 0.0 1.7 3.4
Litigation expenses 10.9 0.0 0.0
Restructuring and other items, net 13.2 2.5 15.0
Income from operations 208.7 255.9 244.4
Interest expense, net (43.2) (45.9) (43.4)
Debt modification costs and fees 0.0 0.0 (3.9)
Non-cash pension settlement charge 0.0 (4.4) 0.0
Other non-operating income (deductions), net (8.2) (1.5) (6.2)
Total non-operating deductions, net (51.4) (51.8) (53.5)
Income from operations before tax and equity in earnings 157.3 204.1 190.9
Provision (benefit) for taxes on income 22.8 34.4 (6.6)
Equity in earnings of affiliates, net of tax 1.9 3.5 1.5
Consolidated net income 136.4 173.2 199.0
Less: Net income attributable to non-controlling interests 3.7 4.2 3.9
Net income attributable to Minerals Technologies Inc. (MTI) $ 132.7 $ 169.0 $ 195.1
Basic:      
Income from operations attributable to MTI (in dollars per share) $ 3.79 $ 4.79 $ 5.54
Diluted:      
Income from operations attributable to MTI (in dollars per share) 3.78 4.75 5.48
Cash dividends declared per common share (in dollars per share) $ 0.20 $ 0.20 $ 0.20
Shares used in computation of earnings per share:      
Basic (in shares) 35.0 35.3 35.2
Diluted (in shares) 35.1 35.6 35.6
Product [Member]      
Statements of Income [Abstract]      
Total net sales $ 1,695.8 $ 1,729.3 $ 1,599.0
Total cost of sales 1,285.8 1,293.3 1,158.5
Service [Member]      
Statements of Income [Abstract]      
Total net sales 95.2 78.3 76.7
Total cost of sales $ 64.6 $ 52.9 $ 50.0