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Comprehensive Income
 6 Months Ended
Jul. 01, 2018
Comprehensive Income [Abstract]  
Comprehensive Income
Note 12.
Comprehensive Income

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

 
Three Months Ended
  
Six Months Ended
 
Amounts Reclassified Out of Accumulated Other Comprehensive Loss
 
July 1,
2018
  
July 2,
2017
  
July 1,
2018
  
July 2,
2017
 
 
(millions of dollars)
 
Amortization of pension items:
            
Pre-tax amount
 
$
2.4
  
$
1.8
  
$
4.9
  
$
3.7
 
Tax
  
(0.5
)
  
(0.5
)
  
(1.2
)
  
(1.2
)
Net of tax
 
$
1.9
  
$
1.3
  
$
3.7
  
$
2.5
 

The pre-tax amounts in the table above are included within the components of net periodic pension benefit cost (see Note 11 to the Condensed Consolidated Financial Statements) and the tax amounts are included within the provision for taxes on income line within the Condensed Consolidated Statements of Income.

The major components of accumulated other comprehensive loss, net of related tax, attributable to MTI are as follows:

  
Foreign Currency
Translation
Adjustment
  
Unrecognized
Pension Costs
  
Net Gain
(Loss) on
Derivatives
  
Total
 
  
(millions of dollars)
 
             
Balance as of December 31, 2017
 
$
(104.1
)
 
$
(86.5
)
 
$
4.5
  
$
(186.1
)
                 
Other comprehensive loss before reclassifications
  
(38.2
)
  
-
   
-
   
(38.2
)
Amounts reclassified from AOCI
  
-
   
3.7
   
0.4
   
4.1
 
Net current period other comprehensive income (loss)
  
(38.2
)
  
3.7
   
0.4
   
(34.1
)
Balance as of July 1, 2018
 
$
(142.3
)
 
$
(82.8
)
 
$
4.9
  
$
(220.2
)