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Non-controlling interests (Tables)
9 Months Ended
Oct. 01, 2017
Non-controlling interests [Abstract]  
Total equity, equity attributable to MTI, and equity attributable to noncontrolling interests
The following is a reconciliation of beginning and ending total equity, equity attributable to MTI, and equity attributable to non-controlling interests:

  
Equity Attributable to MTI
       
  
Common
Stock
  
Additional
Paid-in
Capital
  
Retained
Earnings
  
Accumulated
Other
Comprehensive
Income (Loss)
  
Treasury
Stock
  
Non-controlling
Interests
  
Total
 
  
(millions of dollars)
 
Balance as of December 31, 2016
 
$
4.8
  
$
400.0
  
$
1,419.1
  
$
(221.1
)
 
$
(596.3
)
 
$
$ 24.4
  
$
1,030.9
 
                             
Net income
  
-
   
-
   
119.3
   
-
   
-
   
3.0
   
122.3
 
Other comprehensive income (loss)
  
-
   
-
   
-
   
36.3
   
-
   
1.0
   
37.3
 
Dividends declared
  
-
   
-
   
(5.3
)
  
-
   
-
   
-
   
(5.3
)
Dividends to non-controlling interests
  
-
   
-
   
-
   
-
   
-
   
(2.4
)
  
(2.4
)
Issuance of shares pursuant to employee stock compensation plans
  
0.1
   
14.4
   
-
   
-
   
-
   
-
   
14.5
 
Stock based compensation
  
-
   
5.6
   
-
   
-
   
-
   
-
   
5.6
 
Purchase of common stock
  
-
       
-
   
-
   
(0.7
)
  
-
   
(0.7
)
Balance as of October 1, 2017
 
$
4.9
  
$
420.0
  
$
1,533.2
  
$
(184.8
)
 
$
(597.0
)
 
$
26.0
  
$
1,202.3