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Comprehensive Income
 9 Months Ended
Oct. 02, 2022
Comprehensive Income [Abstract]  
Comprehensive Income

Note 12.  Comprehensive Income


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

  
Three Months Ended
    
Nine Months Ended
  
(millions of dollars)
  
Oct. 2,
2022
    
Oct. 3,
2021
    
Oct. 2,
2022
    
Oct. 3,
2021
  
                         
Amortization of pension items:
                        
Pre-tax amount
  
$
1.1
    
$
2.9
    
$
5.6
    
$
11.9
  
Tax
    
(0.2
)
    
(0.7
)
    
(1.3
)
    
(2.9
)
Net of tax
  
$
0.9
    
$
2.2
    
$
4.3
    
$
9.0
  


The pre-tax amounts in the table above are included within the components of net periodic pension benefit cost (see Note 11 to the Condensed Consolidated Financial Statements) and the tax amounts are included within the provision for taxes on income line within the Condensed Consolidated Statements of Income.


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
    
(108.5
)
    
—
      
16.4
      
(92.1
)
Amounts reclassified from AOCI
    
—
      
4.3
      
—
      
4.3
  
Net current period other comprehensive income (loss)
    
(108.5
)
    
4.3
      
16.4
      
(87.8
)
Balance as of October 2, 2022
  
$
(378.3
)
  
$
(65.3
)
  
$
22.2
    
$
(421.4
)