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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Statements of Income [Abstract]        
Total net sales $ 463.8 $ 464.7 $ 901.5 $ 896.0
Total cost of sales 351.8 348.8 679.8 666.6
Production margin 112.0 115.9 221.7 229.4
Marketing and administrative expenses 48.4 45.3 91.3 89.7
Research and development expenses 4.9 6.4 9.7 12.5
Acquisition related transaction and integration costs 0.0 1.0 0.0 1.4
Restructuring and other items, net 13.2 0.4 13.2 0.4
Income from operations 45.5 62.8 107.5 125.4
Interest expense, net (10.9) (11.5) (22.3) (22.2)
Other non-operating income (deductions), net (2.4) 3.1 (3.8) 0.4
Total non-operating deductions, net (13.3) (8.4) (26.1) (21.8)
Income from operations before tax and equity in earnings 32.2 54.4 81.4 103.6
Provision for taxes on income 5.1 10.3 14.4 19.6
Equity in earnings of affiliates, net of tax 0.5 1.1 0.6 2.3
Consolidated net income 27.6 45.2 67.6 86.3
Less: Net income attributable to non-controlling interests 1.0 1.1 1.9 2.3
Net income attributable to Minerals Technologies Inc. $ 26.6 $ 44.1 $ 65.7 $ 84.0
Basic:        
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) $ 0.76 $ 1.25 $ 1.87 $ 2.37
Diluted:        
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) 0.75 1.24 1.86 2.36
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) 35.2 35.3 35.2 35.4
Diluted (in shares) 35.3 35.6 35.3 35.6
Product [Member]        
Statements of Income [Abstract]        
Total net sales $ 438.0 $ 445.0 $ 855.4 $ 857.2
Total cost of sales 334.0 335.3 648.0 640.3
Service [Member]        
Statements of Income [Abstract]        
Total net sales 25.8 19.7 46.1 38.8
Total cost of sales $ 17.8 $ 13.5 $ 31.8 $ 26.3