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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
[1]
Dec. 31, 2023
[2]
Current assets:    
Cash and cash equivalents $ 310.6 $ 317.2
Short-term investments 5.8 4.3
Accounts receivable, net 405.1 399.1
Inventories 333.0 325.4
Prepaid expenses and other current assets 59.3 53.0
Total current assets 1,113.8 1,099.0
Property, plant and equipment 2,192.3 2,190.1
Less accumulated depreciation and depletion (1,218.5) (1,203.3)
Property, plant and equipment, net 973.8 986.8
Goodwill 912.8 913.6
Intangible assets 224.7 231.0
Deferred income taxes 17.4 16.0
Other assets and deferred charges 103.5 100.2
Total assets 3,346.0 3,346.6
Current liabilities:    
Short-term debt 69.0 85.4
Current maturities of long-term debt 24.7 18.0
Accounts payable 184.4 188.7
Other current liabilities 175.5 165.2
Total current liabilities 453.6 457.3
Long-term debt, net of unamortized discount and deferred financing costs 897.7 911.1
Deferred income taxes 146.6 139.3
Accrued pension and post-retirement benefits 48.1 51.7
Other non-current liabilities 102.5 100.5
Total liabilities 1,648.5 1,659.9
Commitments and contingencies
Shareholders' equity:    
Common stock 5.0 4.9
Additional paid-in capital 517.3 501.2
Retained earnings 2,420.5 2,360.6
Accumulated other comprehensive loss (400.2) (369.4)
Less common stock held in treasury (880.0) (845.3)
Total Minerals Technologies Inc. shareholders' equity 1,662.6 1,652.0
Non-controlling interests 34.9 34.7
Total shareholders' equity 1,697.5 1,686.7
Total liabilities and shareholders' equity $ 3,346.0 $ 3,346.6
[1] Unaudited
[2] Condensed from audited financial statements