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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
Statements of Income [Abstract]        
Net sales $ 388.3 $ 449.3 $ 1,163.0 $ 1,350.8
Cost of sales 289.9 338.1 868.9 1,017.9
Production margin 98.4 111.2 294.1 332.9
Marketing and administrative expenses 42.1 46.9 127.3 138.2
Research and development expenses 4.8 5.2 15.0 14.9
Litigation expenses 1.5 5.6 10.4 5.6
Restructuring and other items, net 1.5 0.0 8.0 13.2
Income from operations 48.5 53.5 133.4 161.0
Interest expense, net (10.1) (11.0) (27.5) (33.3)
Non-cash pension settlement charge (1.1) 0.0 (5.4) 0.0
Other non-operating deductions, net (1.5) (1.6) (1.1) (5.4)
Total non-operating deductions, net (12.7) (12.6) (34.0) (38.7)
Income from operations before tax and equity in earnings 35.8 40.9 99.4 122.3
Provision for taxes on income 7.0 2.6 17.6 17.0
Equity in earnings of affiliates, net of tax 0.5 0.8 2.0 1.4
Consolidated net income 29.3 39.1 83.8 106.7
Less: Net income attributable to non-controlling interests 1.0 1.1 2.5 3.0
Net income attributable to Minerals Technologies Inc. $ 28.3 $ 38.0 $ 81.3 $ 103.7
Basic:        
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) $ 0.83 $ 1.09 $ 2.38 $ 2.95
Diluted:        
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) 0.83 1.08 2.38 2.95
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) 34.1 35.0 34.2 35.1
Diluted (in shares) 34.1 35.1 34.2 35.2
Product [Member]        
Statements of Income [Abstract]        
Net sales $ 375.0 $ 423.8 $ 1,106.8 $ 1,279.2
Cost of sales 280.9 320.5 831.6 968.5
Service [Member]        
Statements of Income [Abstract]        
Net sales 13.3 25.5 56.2 71.6
Cost of sales $ 9.0 $ 17.6 $ 37.3 $ 49.4