Comprehensive Income (Tables)

9 Months Ended

Sep. 29, 2024

Comprehensive Income [Abstract]

Reclassifications Out of Accumulated Other Comprehensive Loss

The following table summarizes the amounts reclassified out of accumulated other comprehensive loss attributable to the Company:

	Three Months Ended						Nine Months Ended
(in millions of dollars)	Sep. 29, 2024			Oct. 1, 2023			Sep. 29, 2024			Oct. 1, 2023
Amortization of pension items:
Pre-tax amount	$	0.3		$	0.6		$	0.9		$	1.7
Tax		(0.1	)		(0.2	)		(0.2	)		(0.4	)
Net of tax	$	0.2		$	0.4		$	0.7		$	1.3

Accumulated Other Comprehensive Loss

The major components of accumulated other comprehensive loss, net of related tax, attributable to MTI are as follows:

(in millions of dollars)	Foreign Currency Translation Adjustment			Unrecognized Pension Costs			Net Gain (Loss) on Derivative Instruments			Total
Balance as of December 31, 2023	$	(350.9	)	$	(28.8	)	$	10.3		$	(369.4	)
Other comprehensive income (loss) before reclassifications		(11.6	)		—			(0.6	)		(12.2	)
Amounts reclassified from AOCI		—			0.7			—			0.7
Net current period other comprehensive income (loss)		(11.6	)		0.7			(0.6	)		(11.5	)
Balance as of September 29, 2024	$	(362.5	)	$	(28.1	)	$	9.7		$	(380.9	)