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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CONSOLIDATED STATEMENTS OF INCOME [Abstract]      
Net sales $ 2,118.5 $ 2,169.9 $ 2,125.5
Cost of goods sold 1,570.8 1,662.8 1,660.5
Production margin 547.7 507.1 465.0
Marketing and administrative expenses 209.2 206.0 192.1
Research and development expenses 23.0 21.2 20.4
Provision for credit losses 30.0 0.0 0.0
Restructuring and other items, net 0.0 6.9 0.0
Impairment of assets 0.0 71.7 0.0
Acquisition-related expenses 0.0 0.3 5.1
Gain on sale of assets, net (12.3) 0.0 0.0
Litigation expenses 11.3 29.2 32.6
Income from operations 286.5 171.8 214.8
Interest expense, net (56.4) (59.2) (43.9)
Debt extinguishment expenses (1.8) 0.0 (6.9)
Non-cash pension settlement charge 0.0 0.0 (3.5)
Other non-operating deductions, net (4.7) (4.9) (3.8)
Total non-operating deductions, net (62.9) (64.1) (58.1)
Income before tax and equity in earnings 223.6 107.7 156.7
Provision for taxes on income 59.4 23.7 32.1
Equity in earnings of affiliates, net of tax 6.7 4.3 1.7
Net income 170.9 88.3 126.3
Less: Net income attributable to non-controlling interests 3.8 4.2 4.1
Net income attributable to Minerals Technologies Inc. $ 167.1 $ 84.1 $ 122.2
Earnings per share:      
Basic income from operations attributable to MTI (in dollars per share) $ 5.21 $ 2.59 $ 3.74
Diluted income from operations attributable to MTI (in dollars per share) 5.17 2.58 3.73
Cash dividends declared per common share (in dollars per share) $ 0.41 $ 0.25 $ 0.2
Shares used in computation of earnings per share:      
Basic (in shares) 32.1 32.5 32.7
Diluted (in shares) 32.3 32.6 32.8