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Comprehensive Income (Tables)
 6 Months Ended
Jun. 28, 2015
Comprehensive Income [Abstract]  
Reclassifications out of accumulated other comprehensive income, net of related tax
The following table summarizes the amounts reclassified out of accumulated other comprehensive income (loss) attributable to the Company:

 
Three Months Ended
  
Six Months Ended
 
Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)
 
June 28,
2015
  
June 29,
2014
  
June 28,
2015
  
June 29,
2014
 
 
(millions of dollars)
 
Amortization of pension items:
        
Pre-tax amount
 
$
2.4
  
$
1.2
  
$
4.7
  
$
2.4
 
Tax
  
(0.9
)
  
(0.4
)
  
(1.7
)
  
(0.7
)
Net of tax
 
$
1.5
  
$
0.8
  
$
3.0
  
$
1.7
 
Accumulated other comprehensive income, net of related tax, attributable to MTI
The major components of accumulated other comprehensive income, net of related tax, attributable to MTI are as follows:

  
Foreign Currency
Translation
Adjustment
  
Unrecognized
Pension Costs
  
Net Gain on
Cash Flow
Hedges
  
Total
 
  
(millions of dollars)
 
         
Balance as of December 31, 2014
 
$
(33.4
)
 
$
(82.1
)
 
$
2.6
  
$
(112.9
)
                 
Other comprehensive income (loss) before reclassifications
  
(30.2
)
  
-
   
-
   
(30.2
)
Amounts reclassified from AOCI
  
-
   
3.0
   
-
   
3.0
 
Net current period other comprehensive income(loss)
  
(30.2
)
  
3.0
   
-
   
(27.2
)
Balance as of June 28, 2015
 
$
(63.6
)
 
$
(79.1
)
 
$
2.6
  
$
(140.1
)