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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract]        
Net sales $ 551.5 $ 557.0 $ 1,097.6 $ 1,076.1
Cost of goods sold 423.5 429.7 848.9 827.1
Production margin 128.0 127.3 248.7 249.0
Marketing and administrative expenses 51.8 48.8 104.1 97.6
Research and development expenses 5.6 5.0 10.9 10.1
Restructuring and other items, net 6.6 0.0 6.6 0.0
Acquisition-related expenses 0.2 2.6 0.3 4.2
Litigation expenses 13.9 1.5 13.9 1.5
Income from operations 49.9 69.4 112.9 135.6
Interest expense, net (14.5) (10.4) (28.7) (20.2)
Non-cash pension settlement charge 0.0 (1.5) 0.0 (1.5)
Other non-operating deductions, net (1.4) (1.2) (2.5) (1.6)
Total non-operating deductions, net (15.9) (13.1) (31.2) (23.3)
Income before tax and equity in earnings 34.0 56.3 81.7 112.3
Provision for taxes on income 7.5 11.4 18.0 22.6
Equity in earnings of affiliates, net of tax 1.1 0.6 2.0 0.7
Net income 27.6 45.5 65.7 90.4
Less: Net income attributable to non-controlling interests 1.0 0.6 2.1 1.4
Net income attributable to Minerals Technologies Inc. $ 26.6 $ 44.9 $ 63.6 $ 89.0
Earnings per share:        
Basic net income per share attributable to Minerals Technologies Inc. (in dollars per share) $ 0.82 $ 1.37 $ 1.96 $ 2.7
Diluted net income per share attributable to Minerals Technologies Inc. (in dollars per share) 0.82 1.36 1.96 2.69
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.1 $ 0.1
Shares used in computation of earnings per share:        
Basic (in shares) 32.5 32.8 32.5 33.0
Diluted (in shares) 32.6 32.9 32.5 33.1