Comprehensive Income

9 Months Ended

Sep. 27, 2015

Comprehensive Income [Abstract]

Comprehensive Income

Note 11. Comprehensive Income

The following table summarizes the amounts reclassified out of accumulated other comprehensive income (loss) attributable to the Company:

Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)	Three Months Ended						Nine Months Ended
	Sept. 27, 2015			Sept. 28, 2014			Sept. 27, 2015			Sept. 28, 2014
	(millions of dollars)
Amortization of pension items:
Pre-tax amount	$	2.5		$	1.3		$	7.1		$	3.8
Tax		(0.9	)		(0.5	)		(2.5	)		(1.3	)
Net of tax	$	1.6		$	0.8		$	4.6		$	2.5

The pre-tax amounts in the table above are included within the components of net periodic pension benefit cost (see Note 10) and the tax amounts are included within provision for taxes on income line within Condensed Consolidated Statements of Income.

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		(65.0	)		-			-		(65.0	)
Amounts reclassified from AOCI		-			4.6			-		4.6
Net current period other comprehensive income(loss)		(65.0	)		4.6			-		(60.4	)
Balance as of September 27, 2015	$	(98.4	)	$	(77.5	)	$	2.6	$	(173.3	)