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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2018
Jul. 02, 2017
Jul. 01, 2018
Jul. 02, 2017
Statements of Income [Abstract]        
Total net sales $ 464.7 $ 414.1 $ 896.0 $ 819.1
Total cost of sales 348.8 294.4 666.6 585.7
Production margin 115.9 119.7 229.4 233.4
Marketing and administrative expenses 45.3 43.6 89.7 87.6
Research and development expenses 6.4 6.1 12.5 11.9
Acquisition-related transaction and integration costs 1.0 0.8 1.4 2.3
Restructuring and other items, net 0.4 0.2 0.4 0.5
Income from operations 62.8 69.0 125.4 131.1
Interest expense, net (11.5) (10.2) (22.2) (22.0)
Debt modification costs and fees 0.0 0.0 0.0 (3.9)
Other non-operating income (deductions), net 3.1 (1.7) 0.4 (2.6)
Total non-operating deductions, net (8.4) (11.9) (21.8) (28.5)
Income from continuing operations before provision for taxes and equity in earnings 54.4 57.1 103.6 102.6
Provision for taxes on income 10.3 13.4 19.6 23.5
Equity in earnings of affiliates, net of tax 1.1 0.1 2.3 0.3
Consolidated net income 45.2 43.8 86.3 79.4
Less: Net income attributable to non-controlling interests 1.1 0.8 2.3 1.8
Net income attributable to Minerals Technologies Inc. (MTI) $ 44.1 $ 43.0 $ 84.0 $ 77.6
Basic:        
Income from continuing operations attributable to MTI (in dollars per share) $ 1.25 $ 1.23 $ 2.37 $ 2.21
Diluted:        
Income from continuing operations attributable to MTI (in dollars per share) 1.24 1.21 2.36 2.18
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
Shares used in computation of earnings per share:        
Basic (in shares) 35.3 35.1 35.4 35.1
Diluted (in shares) 35.6 35.6 35.6 35.6
Product [Member]        
Statements of Income [Abstract]        
Total net sales $ 445.0 $ 396.2 $ 857.2 $ 782.5
Total cost of sales 335.3 282.7 640.3 561.7
Service [Member]        
Statements of Income [Abstract]        
Total net sales 19.7 17.9 38.8 36.6
Total cost of sales $ 13.5 $ 11.7 $ 26.3 $ 24.0