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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 29, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 193.9us-gaap_CashAndCashEquivalentsAtCarryingValue [1] $ 249.6us-gaap_CashAndCashEquivalentsAtCarryingValue [2]
Short-term investments, at cost which approximates market 2.1us-gaap_ShortTermInvestments [1] 0.8us-gaap_ShortTermInvestments [2]
Accounts receivable, net 414.8us-gaap_AccountsReceivableNetCurrent [1] 412.6us-gaap_AccountsReceivableNetCurrent [2]
Inventories 207.4us-gaap_InventoryNet [1] 211.8us-gaap_InventoryNet [2]
Prepaid expenses 27.1us-gaap_PrepaidExpenseCurrent [1] 25.6us-gaap_PrepaidExpenseCurrent [2]
Other current assets 23.8us-gaap_OtherAssetsCurrent [1] 24.2us-gaap_OtherAssetsCurrent [2]
Total current assets 869.1us-gaap_AssetsCurrent [1] 924.6us-gaap_AssetsCurrent [2]
Property, plant and equipment 2,153.6us-gaap_PropertyPlantAndEquipmentGross [1] 2,174.2us-gaap_PropertyPlantAndEquipmentGross [2]
Less accumulated depreciation and depletion (978.1)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment [1] (992.1)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment [2]
Property, plant and equipment, net 1,175.5us-gaap_PropertyPlantAndEquipmentNet [1] 1,182.1us-gaap_PropertyPlantAndEquipmentNet [2]
Goodwill 768.3us-gaap_Goodwill [1] 770.9us-gaap_Goodwill [2]
Intangible assets 210.2us-gaap_IntangibleAssetsNetExcludingGoodwill [1] 212.1us-gaap_IntangibleAssetsNetExcludingGoodwill [2]
Deferred income taxes 57.4us-gaap_DeferredTaxAssetsNetNoncurrent [1] 55.6us-gaap_DeferredTaxAssetsNetNoncurrent [2]
Other assets and deferred charges 79.0us-gaap_OtherAssetsNoncurrent [1] 81.4us-gaap_OtherAssetsNoncurrent [2]
Total assets 3,159.5us-gaap_Assets [1] 3,226.7us-gaap_Assets [2]
Current liabilities:    
Short-term debt 6.0us-gaap_ShortTermBorrowings [1] 5.6us-gaap_ShortTermBorrowings [2]
Current maturities of long-term debt 0.4us-gaap_LongTermDebtCurrent [1] 0.3us-gaap_LongTermDebtCurrent [2]
Accounts payable 169.0us-gaap_AccountsPayableCurrent [1] 170.4us-gaap_AccountsPayableCurrent [2]
Other current liabilities 139.3us-gaap_OtherLiabilitiesCurrent [1] 176.6us-gaap_OtherLiabilitiesCurrent [2]
Total current liabilities 314.7us-gaap_LiabilitiesCurrent [1] 352.9us-gaap_LiabilitiesCurrent [2]
Long-term debt, net of unamortized discount 1,418.4us-gaap_LongTermDebtNoncurrent [1] 1,455.5us-gaap_LongTermDebtNoncurrent [2]
Deferred income taxes 313.1us-gaap_DeferredTaxLiabilitiesNoncurrent [1] 314.5us-gaap_DeferredTaxLiabilitiesNoncurrent [2]
Other non-current liabilities 214.3us-gaap_OtherLiabilitiesNoncurrent [1] 214.9us-gaap_OtherLiabilitiesNoncurrent [2]
Total liabilities 2,260.5us-gaap_Liabilities [1] 2,337.8us-gaap_Liabilities [2]
Shareholders' equity:    
Common stock 4.8us-gaap_CommonStockValue [1] 4.8us-gaap_CommonStockValue [2]
Additional paid-in capital 375.5us-gaap_AdditionalPaidInCapital [1] 373.0us-gaap_AdditionalPaidInCapital [2]
Retained earnings 1,225.1us-gaap_RetainedEarningsAccumulatedDeficit [1] 1,191.8us-gaap_RetainedEarningsAccumulatedDeficit [2]
Accumulated other comprehensive loss (139.4)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax [1] (112.9)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax [2]
Less common stock held in treasury (593.7)us-gaap_TreasuryStockValue [1] (593.7)us-gaap_TreasuryStockValue [2]
Total MTI shareholders' equity 872.3us-gaap_StockholdersEquity [1] 863.0us-gaap_StockholdersEquity [2]
Non-controlling interest 26.7us-gaap_MinorityInterest [1] 25.9us-gaap_MinorityInterest [2]
Total shareholders' equity 899.0us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [1] 888.9us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [2]
Total liabilities and shareholders' equity $ 3,159.5us-gaap_LiabilitiesAndStockholdersEquity [1] $ 3,226.7us-gaap_LiabilitiesAndStockholdersEquity [2]
[1] Unaudited
[2] Condensed from audited financial statements