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Comprehensive Income (Tables)
6 Months Ended
Jul. 01, 2018
Comprehensive Income [Abstract]  
Reclassifications Out of Accumulated Other Comprehensive Loss, Net of Related Tax
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
 
Accumulated Other Comprehensive Loss, Net of Related Tax, Attributable to MTI
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
)