Comprehensive Income (Tables)

6 Months Ended

Jun. 28, 2020

Comprehensive Income [Abstract]

Reclassifications Out of Accumulated Other Comprehensive Loss

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

	Three Months Ended						Six Months Ended
(millions of dollars)	Jun. 28, 2020			Jun. 30, 2019			Jun. 28, 2020			Jun. 30, 2019
Amortization of pension items:
Pre-tax amount	$	7.0		$	2.2		$	9.7		$	4.4
Tax		(1.7	)		(0.5	)		(2.3	)		(1.1	)
Net of tax	$	5.3		$	1.7		$	7.4		$	3.3

Accumulated Other Comprehensive Loss, Net of Related Tax

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

(millions of dollars)	Foreign Currency Translation Adjustment			Unrecognized Pension Costs			Net Gain (Loss) on Derivative Instruments		Total
Balance as of December 31, 2019	$	(200.2	)	$	(96.1	)	$	5.9	$	(290.4	)
Other comprehensive income (loss) before reclassifications		(34.9	)		—			1.1		(33.8	)
Amounts reclassified from AOCI		—			7.3			—		7.3
Net current period other comprehensive income (loss)		(34.9	)		7.3			1.1		(26.5	)
Balance as of June 28, 2020	$	(235.1	)	$	(88.8	)	$	7.0	$	(316.9	)