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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 28, 2014
Sep. 29, 2013
Sep. 28, 2014
Sep. 29, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Product sales $ 458.1 $ 254.2 $ 1,075.0 $ 761.5
Service revenue 85.4 0 134.0 0
Total net sales 543.5 254.2 1,209.0 761.5
Cost of goods sold 337.8 194.3 812.0 586.9
Cost of service revenue 60.7 0 94.0 0
Total cost of sales 398.5 194.3 906.0 586.9
Production margin 145.0 59.9 303.0 174.6
Marketing and administrative expenses 59.7 21.9 127.4 66.3
Research and development expenses 6.6 5.3 18.0 14.9
Amortization expense of intangible assets acquired 1.9 0 2.9 0
Acquisition related transaction and integration costs 4.2 0 16.7 0
Restructuring and other charges 5.8 0 11.8 0
Income from operations 66.8 32.7 126.2 93.4
Interest expense, net (16.0) (0.1) (25.2) (0.5)
Premium on early extinguishment of debt 0 0 (5.8) 0
Other non-operating income (deductions), net 0.9 (1.1) 0.5 (2.1)
Total non-operating deductions, net (15.1) (1.2) (30.5) (2.6)
Income from continuing operations before provision for taxes and equity in earnings 51.7 31.5 95.7 90.8
Provision for taxes on income 14.4 8.9 24.8 25.2
Equity in earnings of affiliates, net of tax 0.3 0 0.6 0
Income from continuing operations, net of tax 37.6 22.6 71.5 65.6
Income (loss) from discontinued operations, net of tax 0.2 0 2.0 (5.7)
Consolidated net income 37.8 22.6 73.5 59.9
Less: Net income attributable to non-controlling interests 0.8 0.7 2.4 2.2
Net income attributable to Minerals Technologies Inc. (MTI) $ 37.0 $ 21.9 $ 71.1 $ 57.7
Basic:        
Income from continuing operations attributable to MTI (in dollars per share) $ 1.07 $ 0.63 $ 2.00 $ 1.82
Income (loss) from discontinued operations attributable to MTI (in dollars per share) $ 0 $ 0 $ 0.06 $ (0.16)
Basic earnings per share attributable to MTI (in dollars per share) $ 1.07 $ 0.63 $ 2.06 $ 1.66
Diluted:        
Income from continuing operations attributable to MTI (in dollars per share) $ 1.06 $ 0.63 $ 1.99 $ 1.81
Income (loss) from discontinued operations attributable to MTI (in dollars per share) $ 0 $ 0 $ 0.06 $ (0.16)
Diluted earnings per share attributable to MTI (in dollars per share) $ 1.06 $ 0.63 $ 2.05 $ 1.65
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15
Shares used in computation of earnings per share:        
Basic (in shares) 34.5 34.6 34.5 34.8
Diluted (in shares) 34.8 34.9 34.8 35.1