Comprehensive Income (Tables)

3 Months Ended

Apr. 04, 2021

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
(millions of dollars)	Apr. 4, 2021			Mar. 29, 2020
Amortization of pension items:
Pre-tax amount	$	3.3		$	2.7
Tax		(0.8	)		(0.6	)
Net of tax	$	2.5		$	2.1

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, 2020	$	(190.8	)	$	(114.9	)	$	(2.6	)	$	(308.3	)
Other comprehensive income (loss) before reclassifications		(28.4	)		—			4.9			(23.5	)
Amounts reclassified from AOCI		—			2.5			—			2.5
Net current period other comprehensive income (loss)		(28.4	)		2.5			4.9			(21.0	)
Balance as of April 4, 2021	$	(219.2	)	$	(112.4	)	$	2.3		$	(329.3	)