CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Jun. 29, 2014		Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 191.2	[1]	$ 490.3	[2]
Short-term investments, at cost which approximates market	16.7	[1]	15.8	[2]
Accounts receivable, net	461.1	[1]	204.4	[2]
Inventories	243.5	[1]	89.2	[2]
Prepaid expenses and other current assets	75.1	[1]	15.4	[2]
Total current assets	987.6	[1]	815.1	[2]
Property, plant and equipment, less accumulated depreciation and depletion - June 29, 2014 - $1,004.5; December 31, 2013 - $976.3	1,222.9	[1]	306.1	[2]
Goodwill	769.3	[1]	64.4	[2]
Intangible assets	219.7	[1]	3.0	[2]
Other assets and deferred charges	100.6	[1]	28.9	[2]
Total assets	3,300.1	[1]	1,217.5	[2]
Current liabilities:
Short-term debt	4.7	[1]	5.5	[2]
Current maturities of long-term debt	23.8	[1]	8.2	[2]
Accounts payable	204.2	[1]	94.9	[2]
Other current liabilities	138.9	[1]	72.3	[2]
Total current liabilities	371.6	[1]	180.9	[2]
Long-term debt, net of unamortized discount	1,529.1	[1]	75.0	[2]
Deferred income taxes	317.2	[1]
Other non-current liabilities	168.1	[1]	87.2	[2]
Total liabilities	2,386.0	[1]	343.1	[2]
Shareholders' equity:
Common stock	4.8	[1]	4.7	[2]
Additional paid-in capital	364.9	[1]	361.5	[2]
Retained earnings	1,136.9	[1]	1,106.3	[2]
Accumulated other comprehensive loss	(23.6)	[1]	(31.3)	[2]
Less common stock held in treasury	(593.7)	[1]	(593.7)	[2]
Total MTI shareholders' equity	889.3	[1]	847.5	[2]
Non-controlling interest	24.8	[1]	26.9	[2]
Total shareholders' equity	914.1	[1]	874.4	[2]
Total liabilities and shareholders' equity	$ 3,300.1	[1]	$ 1,217.5	[2]

[1] Unaudited

[2] Condensed from audited financial statements