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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Oct. 02, 2022
Oct. 03, 2021
CONDENSED CONSOLIDATED STATEMENTS OF INCOME [Abstract]        
Net sales $ 541.9 $ 473.2 $ 1,617.9 $ 1,381.4
Cost of goods sold 423.6 359.9 1,250.6 1,040.9
Production margin 118.3 113.3 367.3 340.5
Marketing and administrative expenses 46.0 45.5 143.6 139.9
Research and development expenses 5.1 4.6 15.2 14.5
Acquisition related transaction and integration costs 0.5 1.5 4.7 1.9
Litigation costs 31.1 0.0 32.6 0.0
Restructuring and other items, net 0.0 1.1 0.0 1.1
Income from operations 35.6 60.6 171.2 183.1
Interest expense, net (11.0) (9.2) (31.2) (28.2)
Debt extinguishment expenses (6.9) 0.0 (6.9) 0.0
Non-cash pension settlement charge (0.2) (0.8) (1.7) (3.0)
Other non-operating income (deductions), net (0.4) (0.1) (2.0) 0.3
Total non-operating deductions, net (18.5) (10.1) (41.8) (30.9)
Income before tax and equity in earnings 17.1 50.5 129.4 152.2
Provision for taxes on income 3.2 8.9 25.8 27.6
Equity in earnings of affiliates, net of tax 0.7 0.8 1.4 1.8
Consolidated net income 14.6 42.4 105.0 126.4
Less: Net income attributable to non-controlling interests 1.2 1.0 2.6 3.2
Net income attributable to Minerals Technologies Inc. $ 13.4 $ 41.4 $ 102.4 $ 123.2
Earnings per share:        
Basic: Income attributable to Minerals Technologies Inc. (in dollars per share) $ 0.41 $ 1.24 $ 3.12 $ 3.66
Diluted: Income attributable to Minerals Technologies Inc. (in dollars per share) 0.41 1.22 3.11 3.63
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15
Shares used in computation of earnings per share:        
Basic (in shares) 32.5 33.5 32.8 33.7
Diluted (in shares) 32.6 33.8 32.9 33.9