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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
[1]
Dec. 31, 2023
[2]
Current assets:    
Cash and cash equivalents $ 315.7 $ 317.2
Short-term investments 4.4 4.3
Accounts receivable, net 396.3 399.1
Inventories 326.0 325.4
Prepaid expenses and other current assets 58.9 53.0
Total current assets 1,101.3 1,099.0
Property, plant and equipment 2,185.3 2,190.1
Less accumulated depreciation and depletion (1,208.3) (1,203.3)
Property, plant and equipment, net 977.0 986.8
Goodwill 913.1 913.6
Intangible assets 227.6 231.0
Deferred income taxes 14.8 16.0
Other assets and deferred charges 105.3 100.2
Total assets 3,339.1 3,346.6
Current liabilities:    
Short-term debt 75.7 85.4
Current maturities of long-term debt 21.4 18.0
Accounts payable 194.7 188.7
Other current liabilities 150.0 165.2
Total current liabilities 441.8 457.3
Long-term debt, net of unamortized discount and deferred financing costs 904.4 911.1
Deferred income taxes 142.7 139.3
Accrued pension and post-retirement benefits 50.4 51.7
Other non-current liabilities 103.9 100.5
Total liabilities 1,643.2 1,659.9
Commitments and contingencies
Shareholders' equity:    
Common stock 5.0 4.9
Additional paid-in capital 503.6 501.2
Retained earnings 2,404.1 2,360.6
Accumulated other comprehensive loss (391.3) (369.4)
Less common stock held in treasury (860.3) (845.3)
Total Minerals Technologies Inc. shareholders' equity 1,661.1 1,652.0
Non-controlling interests 34.8 34.7
Total shareholders' equity 1,695.9 1,686.7
Total liabilities and shareholders' equity $ 3,339.1 $ 3,346.6
[1] Unaudited
[2] Condensed from audited financial statements