Comprehensive Income (Tables)

9 Months Ended

Oct. 02, 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						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

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		(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	)