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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 01, 2023
[1]
Dec. 31, 2022
[2]
Current assets:    
Cash and cash equivalents $ 268.4 $ 247.2
Short-term investments 9.8 5.6
Accounts receivable, net 418.3 404.0
Inventories 337.5 348.8
Prepaid expenses and other current assets 60.2 64.9
Total current assets 1,094.2 1,070.5
Property, plant and equipment 2,146.9 2,288.6
Less accumulated depreciation and depletion (1,169.3) (1,238.2)
Property, plant and equipment, net 977.6 1,050.4
Goodwill 913.6 914.8
Intangible assets 232.2 241.9
Deferred income taxes 24.3 24.4
Other assets and deferred charges 102.8 99.6
Total assets 3,344.7 3,401.6
Current liabilities:    
Short-term debt 109.2 119.7
Current maturities of long-term debt 14.4 14.5
Accounts payable 184.8 193.8
Other current liabilities 165.1 174.6
Total current liabilities 473.5 502.6
Long-term debt, net of unamortized discount and deferred financing costs 918.0 928.1
Deferred income taxes 163.7 180.4
Accrued pension and post-retirement benefits 58.9 63.5
Other non-current liabilities 108.0 113.8
Total liabilities 1,722.1 1,788.4
Commitments and contingencies
Shareholders' equity:    
Common stock 4.9 4.9
Additional paid-in capital 493.4 487.6
Retained earnings 2,324.1 2,284.6
Accumulated other comprehensive loss (402.2) (366.5)
Less common stock held in treasury (831.1) (831.1)
Total Minerals Technologies Inc. shareholders' equity 1,589.1 1,579.5
Non-controlling interests 33.5 33.7
Total shareholders' equity 1,622.6 1,613.2
Total liabilities and shareholders' equity $ 3,344.7 $ 3,401.6
[1] Unaudited
[2] Condensed from audited financial statements