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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CONSOLIDATED STATEMENTS OF INCOME (LOSS) [Abstract]      
Net sales $ 2,169.9 $ 2,125.5 $ 1,858.3
Cost of goods sold 1,662.8 1,660.5 1,411.8
Production margin 507.1 465.0 446.5
Marketing and administrative expenses 206.0 192.1 186.2
Research and development expenses 21.2 20.4 19.5
Impairment of assets 71.7 0.0 0.0
Acquisition-related expenses 0.3 5.1 4.0
Litigation expenses, net 29.2 32.6 0.0
Restructuring and other items, net 6.9 0.0 1.1
Income from operations 171.8 214.8 235.7
Interest expense, net (59.2) (43.9) (37.2)
Debt extinguishment expenses 0.0 (6.9) 0.0
Non-cash pension settlement charge 0.0 (3.5) (1.8)
Other non-operating deductions, net (4.9) (3.8) 5.6
Total non-operating deductions, net (64.1) (58.1) (33.4)
Income before tax and equity in earnings 107.7 156.7 202.3
Provision for taxes on income 23.7 32.1 36.6
Equity in earnings of affiliates, net of tax 4.3 1.7 2.8
Net income 88.3 126.3 168.5
Less: Net income attributable to non-controlling interests 4.2 4.1 4.1
Net income attributable to Minerals Technologies Inc. (MTI) $ 84.1 $ 122.2 $ 164.4
Earnings per share:      
Basic income from operations attributable to MTI (in dollars per share) $ 2.59 $ 3.74 $ 4.89
Diluted income from operations attributable to MTI (in dollars per share) 2.58 3.73 4.86
Cash dividends declared per common share (in dollars per share) $ 0.25 $ 0.2 $ 0.2
Shares used in computation of earnings per share:      
Basic (in shares) 32.5 32.7 33.6
Diluted (in shares) 32.6 32.8 33.8