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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CONSOLIDATED STATEMENTS OF INCOME [Abstract]      
Product sales $ 1,599.0 $ 1,552.1 $ 1,615.4
Service revenue 76.7 85.9 182.2
Total net sales 1,675.7 1,638.0 1,797.6
Cost of goods sold 1,158.5 1,117.7 1,190.0
Cost of service revenue 50.0 59.9 136.6
Total cost of sales 1,208.5 1,177.6 1,326.6
Production margin 467.2 460.4 471.0
Marketing and administrative expenses 182.4 179.4 190.1
Research and development expenses 23.7 23.8 23.6
Acquisition related transaction and integration costs 3.4 8.0 11.8
Restructuring and other items, net 15.0 28.3 45.2
Income from operations 242.7 220.9 200.3
Interest expense, net (43.4) (54.4) (60.9)
Extinguishment of debt costs and fees (3.9) 0.0 (4.5)
Other non-operating income (deductions), net (4.5) 3.8 (2.3)
Total non-operating deductions, net (51.8) (50.6) (67.7)
Income from operations before provision for taxes and equity in earnings 190.9 170.3 132.6
Provision (benefit) for taxes on income (6.6) 35.3 22.8
Equity in earnings of affiliates, net of tax 1.5 2.1 1.8
Consolidated net income 199.0 137.1 111.6
Less: Net income attributable to non-controlling interests 3.9 3.7 3.7
Net income attributable to Minerals Technologies Inc. (MTI) $ 195.1 $ 133.4 $ 107.9
Basic:      
Income from operations attributable to MTI (in dollars per share) $ 5.54 $ 3.82 $ 3.11
Diluted:      
Income from operations attributable to MTI (in dollars per share) 5.48 3.79 3.08
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) 35.2 34.9 34.7
Diluted (in shares) 35.6 35.2 35.0