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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statements of Income [Abstract]      
Total net sales $ 1,594.8 $ 1,791.0 $ 1,807.6
Total cost of sales 1,189.4 1,350.4 1,346.2
Production margin 405.4 440.6 461.4
Marketing and administrative expenses 176.5 187.5 178.6
Research and development expenses 19.9 20.3 22.7
Litigation expenses 10.4 10.9 0.0
Acquisition-related expenses 3.1 0.0 1.7
Restructuring and other items, net 7.6 13.2 2.5
Income from operations 187.9 208.7 255.9
Interest expense, net (38.2) (43.2) (45.9)
Non-cash pension settlement charge (6.4) 0.0 (4.4)
Other non-operating income (deductions), net (5.3) (8.2) (1.5)
Total non-operating deductions, net (49.9) (51.4) (51.8)
Income from operations before tax and equity in earnings 138.0 157.3 204.1
Provision for taxes on income 24.4 22.8 34.4
Equity in earnings of affiliates, net of tax 2.2 1.9 3.5
Consolidated net income 115.8 136.4 173.2
Less: Net income attributable to non-controlling interests 3.4 3.7 4.2
Net income attributable to Minerals Technologies Inc. (MTI) $ 112.4 $ 132.7 $ 169.0
Basic:      
Income from operations attributable to MTI (in dollars per share) $ 3.29 $ 3.79 $ 4.79
Diluted:      
Income from operations attributable to MTI (in dollars per share) 3.29 3.78 4.75
Cash dividends declared per common share (in dollars per share) $ 0.20 $ 0.20 $ 0.20
Shares used in computation of earnings per share:      
Basic (in shares) 34.2 35.0 35.3
Diluted (in shares) 34.2 35.1 35.6
Product [Member]      
Statements of Income [Abstract]      
Total net sales $ 1,521.8 $ 1,695.8 $ 1,729.3
Total cost of sales 1,140.5 1,285.8 1,293.3
Service [Member]      
Statements of Income [Abstract]      
Total net sales 73.0 95.2 78.3
Total cost of sales $ 48.9 $ 64.6 $ 52.9