Comprehensive Income (Tables)

9 Months Ended

Sep. 27, 2020

Comprehensive Income [Abstract]

Reclassifications Out of Accumulated Other Comprehensive Loss

The following table summarizes the amounts reclassified out of accumulated other comprehensive loss attributable to the Company:

	Three Months Ended						Nine Months Ended
(millions of dollars)	Sep. 27, 2020			Sep. 29, 2019			Sep. 27, 2020			Sep. 29, 2019
Amortization of pension items:
Pre-tax amount	$	5.1		$	2.2		$	14.8		$	6.6
Tax		(1.4	)		(0.6	)		(3.7	)		(1.7	)
Net of tax	$	3.7		$	1.6		$	11.1		$	4.9

Accumulated Other Comprehensive Loss, Net of Related Tax

The major components of accumulated other comprehensive loss, net of related tax, attributable to MTI are as follows:

(millions of dollars)	Foreign Currency Translation Adjustment			Unrecognized Pension Costs			Net Gain (Loss) on Derivative Instruments			Total
Balance as of December 31, 2019	$	(200.2	)	$	(96.1	)	$	5.9		$	(290.4	)
Other comprehensive income (loss) before reclassifications		(28.9	)		—			(3.2	)		(32.1	)
Amounts reclassified from AOCI		—			11.1			—			11.1
Net current period other comprehensive income (loss)		(28.9	)		11.1			(3.2	)		(21.0	)
Balance as of September 27, 2020	$	(229.1	)	$	(85.0	)	$	2.7		$	(311.4	)