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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statements of Income [Abstract]      
Net sales $ 2,125.5 $ 1,858.3 $ 1,594.8
Cost of goods sold 1,660.5 1,411.8 1,189.4
Production margin 465.0 446.5 405.4
Marketing and administrative expenses 192.1 186.2 176.5
Research and development expenses 20.4 19.5 19.9
Acquisition-related expenses 5.1 4.0 3.1
Litigation expenses 32.6 0.0 10.4
Restructuring and other items, net 0.0 1.1 7.6
Income from operations 214.8 235.7 187.9
Interest expense, net (43.9) (37.2) (38.2)
Debt extinguishment expenses (6.9) 0.0 0.0
Non-cash pension settlement charge (3.5) (1.8) (6.4)
Other non-operating income (deductions), net (3.8) 5.6 (5.3)
Total non-operating deductions, net (58.1) (33.4) (49.9)
Income before tax and equity in earnings 156.7 202.3 138.0
Provision for taxes on income 32.1 36.6 24.4
Equity in earnings of affiliates, net of tax 1.7 2.8 2.2
Consolidated net income 126.3 168.5 115.8
Less: Net income attributable to non-controlling interests 4.1 4.1 3.4
Net income attributable to Minerals Technologies Inc. (MTI) $ 122.2 $ 164.4 $ 112.4
Basic:      
Income from operations attributable to MTI (in dollars per share) $ 3.74 $ 4.89 $ 3.29
Diluted:      
Income from operations attributable to MTI (in dollars per share) 3.73 4.86 3.29
Cash dividends declared per common share (in dollars per share) $ 0.2 $ 0.2 $ 0.2
Shares used in computation of earnings per share:      
Basic (in shares) 32.7 33.6 34.2
Diluted (in shares) 32.8 33.8 34.2