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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CONSOLIDATED STATEMENTS OF INCOME [Abstract]      
Product sales $ 1,552.1 $ 1,615.4 $ 1,514.9
Service revenue 85.9 182.2 210.1
Total net sales 1,638.0 1,797.6 1,725.0
Cost of goods sold 1,117.7 1,190.0 1,141.5
Cost of service revenue 59.9 136.6 148.1
Total cost of sales 1,177.6 1,326.6 1,289.6
Production margin 460.4 471.0 435.4
Marketing and administrative expenses 179.4 190.1 182.2
Research and development expenses 23.8 23.6 24.4
Insurance / litigation settlement (gain) 0.0 0.0 (2.3)
Acquisition related transaction and integration costs 8.0 11.8 19.1
Restructuring and other items, net 28.3 45.2 43.2
Income from operations 220.9 200.3 168.8
Interest expense, net (54.4) (60.9) (41.8)
Premium on early extinguishment of debt 0.0 (4.5) (5.8)
Other non-operating income (deductions), net 3.8 (2.3) 1.8
Total non-operating deductions, net (50.6) (67.7) (45.8)
Income from continuing operations before provision for taxes and equity in earnings 170.3 132.6 123.0
Provision for taxes on income 35.3 22.8 30.8
Equity in earnings of affiliates, net of tax 2.1 1.8 1.2
Income from continuing operations, net of tax 137.1 111.6 93.4
Income from discontinued operations, net of tax 0.0 0.0 2.1
Consolidated net income 137.1 111.6 95.5
Less: Net income attributable to non-controlling interests 3.7 3.7 3.1
Net income attributable to Minerals Technologies Inc. (MTI) $ 133.4 $ 107.9 $ 92.4
Basic:      
Income from continuing operations attributable to MTI (in dollars per share) $ 3.82 $ 3.11 $ 2.62
Income from discontinued operations attributable to MTI (in dollars per share) 0 0 0.06
Basic earnings per share attributable to MTI (in dollars per share) 3.82 3.11 2.68
Diluted:      
Income from continuing operations attributable to MTI (in dollars per share) 3.79 3.08 2.59
Income from discontinued operations attributable to MTI (in dollars per share) 0 0 0.06
Diluted earnings per share attributable to MTI (in dollars per share) 3.79 3.08 2.65
Cash dividends declared per common share (in dollars per share) $ 0.20 $ 0.20 $ 0.20
Shares used in computation of earnings per share:      
Basic (in shares) 34.9 34.7 34.5
Diluted (in shares) 35.2 35.0 34.8