Comprehensive Income (Tables)

9 Months Ended

Oct. 03, 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						Nine Months Ended
(millions of dollars)	Oct. 3, 2021			Sep. 27, 2020			Oct. 3, 2021			Sep. 27, 2020
Amortization of pension items:
Pre-tax amount	$	2.9		$	5.1		$	11.9		$	14.8
Tax		(0.7	)		(1.4	)		(2.9	)		(3.7	)
Net of tax	$	2.2		$	3.7		$	9.0		$	11.1

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		(41.6	)		—			6.5			(35.1	)
Amounts reclassified from AOCI		—			9.0			—			9.0
Net current period other comprehensive income (loss)		(41.6	)		9.0			6.5			(26.1	)
Balance as of October 3, 2021	$	(232.4	)	$	(105.9	)	$	3.9		$	(334.4	)