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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Statements of Income [Abstract]        
Total net sales $ 357.2 $ 463.8 $ 774.7 $ 901.5
Total cost of sales 268.3 351.8 579.0 679.8
Production margin 88.9 112.0 195.7 221.7
Marketing and administrative expenses 41.8 48.4 85.2 91.3
Research and development expenses 5.1 4.9 10.2 9.7
Litigation expenses 8.3 0.0 8.9 0.0
Restructuring and other items, net 6.5 13.2 6.5 13.2
Income from operations 27.2 45.5 84.9 107.5
Interest expense, net (8.1) (10.9) (17.4) (22.3)
Non-cash pension settlement charge (4.3) 0.0 (4.3) 0.0
Other non-operating income (deductions), net (0.2) (2.4) 0.4 (3.8)
Total non-operating deductions, net (12.6) (13.3) (21.3) (26.1)
Income from operations before tax and equity in earnings 14.6 32.2 63.6 81.4
Provision for taxes on income 0.9 5.1 10.6 14.4
Equity in earnings of affiliates, net of tax 1.2 0.5 1.5 0.6
Consolidated net income 14.9 27.6 54.5 67.6
Less: Net income attributable to non-controlling interests 0.5 1.0 1.5 1.9
Net income attributable to Minerals Technologies Inc. $ 14.4 $ 26.6 $ 53.0 $ 65.7
Basic:        
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) $ 0.42 $ 0.76 $ 1.55 $ 1.87
Diluted:        
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) 0.42 0.75 1.55 1.86
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
Shares used in computation of earnings per share:        
Basic (in shares) 34.1 35.2 34.2 35.2
Diluted (in shares) 34.1 35.3 34.3 35.3
Product [Member]        
Statements of Income [Abstract]        
Total net sales $ 339.5 $ 438.0 $ 731.8 $ 855.4
Total cost of sales 256.6 334.0 550.7 648.0
Service [Member]        
Statements of Income [Abstract]        
Total net sales 17.7 25.8 42.9 46.1
Total cost of sales $ 11.7 $ 17.8 $ 28.3 $ 31.8