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Comprehensive Income
 3 Months Ended
Apr. 02, 2023
Comprehensive Income [Abstract]  
Comprehensive Income

Note 11.  Comprehensive Income


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

  
Three Months Ended
  
(in millions of dollars)
  
Apr. 2,
2023
    
Apr. 3,
2022
  
Amortization of pension items:
            
Pre-tax amount
  
$
0.5
    
$
1.5
  
Tax
    
(0.1
)
    
(0.3
)
Net of tax
  
$
0.4
    
$
1.2
  


The pre-tax amounts in the table above are included within the components of net periodic pension benefit cost (see Note 10 to the Condensed Consolidated Financial Statements) and the tax amounts are included within the provision for taxes on income line within the Condensed Consolidated Statements of Income.


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

(in millions of dollars)
  
Foreign Currency
Translation Adjustment
    
Unrecognized
Pension Costs
    
Net Gain (Loss)
on Derivative Instruments
    
Total
  
Balance as of December 31, 2022
  
$
(345.7
)
  
$
(34.4
)
  
$
13.6
    
$
(366.5
)
                                 
Other comprehensive income (loss) before reclassifications
    
9.7
      
—
      
(2.4
)
    
7.3
  
Amounts reclassified from AOCI
    
—
      
0.4
      
—
      
0.4
  
Net current period other comprehensive income (loss)
    
9.7
      
0.4
      
(2.4
)
    
7.7
  
Balance as of April 2, 2023
  
$
(336.0
)
  
$
(34.0
)
  
$
11.2
    
$
(358.8
)