Comprehensive Income (Tables)

3 Months Ended

Apr. 03, 2022

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
(millions of dollars)	Apr. 3, 2022			Apr. 4, 2021
Amortization of pension items:
Pre-tax amount	$	1.5		$	3.3
Tax		(0.3	)		(0.8	)
Net of tax	$	1.2		$	2.5

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, 2021	$	(269.8	)	$	(69.6	)	$	5.8	$	(333.6	)
Other comprehensive income (loss) before reclassifications		(8.3	)		—			3.1		(5.2	)
Amounts reclassified from AOCI		—			1.2			—		1.2
Net current period other comprehensive income (loss)		(8.3	)		1.2			3.1		(4.0	)
Balance as of April 3, 2022	$	(278.1	)	$	(68.4	)	$	8.9	$	(337.6	)