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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 02, 2023
[1]
Dec. 31, 2022
[2]
Current assets:    
Cash and cash equivalents $ 247.1 $ 247.2
Short-term investments 8.3 5.6
Accounts receivable, net 419.8 404.0
Inventories 354.7 348.8
Prepaid expenses and other current assets 49.9 64.9
Total current assets 1,079.8 1,070.5
Property, plant and equipment 2,293.9 2,288.6
Less accumulated depreciation and depletion (1,243.3) (1,238.2)
Property, plant and equipment, net 1,050.6 1,050.4
Goodwill 914.3 914.8
Intangible assets 235.9 241.9
Deferred income taxes 24.5 24.4
Other assets and deferred charges 103.1 99.6
Total assets 3,408.2 3,401.6
Current liabilities:    
Short-term debt 107.1 119.7
Current maturities of long-term debt 14.5 14.5
Accounts payable 204.3 193.8
Other current liabilities 146.3 174.6
Total current liabilities 472.2 502.6
Long-term debt, net of unamortized discount and deferred financing costs 921.2 928.1
Deferred income taxes 177.4 180.4
Accrued pension and post-retirement benefits 62.7 63.5
Other non-current liabilities 113.2 113.8
Total liabilities 1,746.7 1,788.4
Commitments and contingencies
Shareholders' equity:    
Common stock 4.9 4.9
Additional paid-in capital 490.6 487.6
Retained earnings 2,344.9 2,284.6
Accumulated other comprehensive loss (382.8) (366.5)
Less common stock held in treasury (831.1) (831.1)
Total Minerals Technologies Inc. shareholders' equity 1,626.5 1,579.5
Non-controlling interests 35.0 33.7
Total shareholders' equity 1,661.5 1,613.2
Total liabilities and shareholders' equity $ 3,408.2 $ 3,401.6
[1] Unaudited
[2] Condensed from audited financial statements