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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 249.6us-gaap_CashAndCashEquivalentsAtCarryingValue $ 490.3us-gaap_CashAndCashEquivalentsAtCarryingValue
Short-term investments, at cost which approximates market 0.8us-gaap_ShortTermInvestments 15.8us-gaap_ShortTermInvestments
Accounts receivable, less allowance for doubtful accounts - 2014 - 3.6; 2013 - 1.7 412.6us-gaap_AccountsReceivableNetCurrent 204.4us-gaap_AccountsReceivableNetCurrent
Inventories 211.8us-gaap_InventoryNet 89.2us-gaap_InventoryNet
Prepaid expenses 25.6us-gaap_PrepaidExpenseCurrent 9.5us-gaap_PrepaidExpenseCurrent
Other current assets 24.2us-gaap_OtherAssetsCurrent 5.9us-gaap_OtherAssetsCurrent
Total current assets 924.6us-gaap_AssetsCurrent 815.1us-gaap_AssetsCurrent
Property, plant and equipment, less accumulated depreciation and depletion 1,182.1us-gaap_PropertyPlantAndEquipmentNet 306.1us-gaap_PropertyPlantAndEquipmentNet
Goodwill 770.9us-gaap_Goodwill 64.4us-gaap_Goodwill
Intangible assets 212.1us-gaap_IntangibleAssetsNetExcludingGoodwill 3.0us-gaap_IntangibleAssetsNetExcludingGoodwill
Deferred income taxes 55.6us-gaap_DeferredTaxAssetsNetNoncurrent 16.8us-gaap_DeferredTaxAssetsNetNoncurrent
Other assets and deferred charges 81.4us-gaap_OtherAssetsNoncurrent 12.1us-gaap_OtherAssetsNoncurrent
Total assets 3,226.7us-gaap_Assets 1,217.5us-gaap_Assets
Current liabilities:    
Short-term debt 5.6us-gaap_ShortTermBorrowings 5.5us-gaap_ShortTermBorrowings
Current maturities of long-term debt 0.3us-gaap_LongTermDebtCurrent 8.2us-gaap_LongTermDebtCurrent
Accounts payable 170.4us-gaap_AccountsPayableCurrent 94.9us-gaap_AccountsPayableCurrent
Income taxes payable 27.0us-gaap_TaxesPayableCurrent 7.1us-gaap_TaxesPayableCurrent
Accrued compensation and related items 73.8us-gaap_EmployeeRelatedLiabilitiesCurrent 37.9us-gaap_EmployeeRelatedLiabilitiesCurrent
Other current liabilities 75.8us-gaap_OtherLiabilitiesCurrent 27.3us-gaap_OtherLiabilitiesCurrent
Total current liabilities 352.9us-gaap_LiabilitiesCurrent 180.9us-gaap_LiabilitiesCurrent
Long-term debt, net of unamortized discount 1,455.5us-gaap_LongTermDebtNoncurrent 75.0us-gaap_LongTermDebtNoncurrent
Deferred income taxes 314.5us-gaap_DeferredTaxLiabilitiesNoncurrent 0us-gaap_DeferredTaxLiabilitiesNoncurrent
Accrued pension and postretirement benefits 146.5us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 57.9us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
Other non-current liabilities 68.4us-gaap_OtherLiabilitiesNoncurrent 29.3us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 2,337.8us-gaap_Liabilities 343.1us-gaap_Liabilities
Shareholders' equity:    
Preferred stock, without par value; 1,000,000 shares authorized; none issued 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, par value at $0.10 per share; 100,000,000 shares authorized; Issued 47,855,496 shares in 2014 and 47,555,927 shares in 2013 4.8us-gaap_CommonStockValue 4.7us-gaap_CommonStockValue
Additional paid-in capital 373.0us-gaap_AdditionalPaidInCapital 361.5us-gaap_AdditionalPaidInCapital
Retained earnings 1,191.8us-gaap_RetainedEarningsAccumulatedDeficit 1,106.3us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (112.9)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (31.3)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Less common stock held in treasury, at cost; 13,205,741 shares in 2014 and 2013 (593.7)us-gaap_TreasuryStockValue (593.7)us-gaap_TreasuryStockValue
Total MTI shareholders' equity 863.0us-gaap_StockholdersEquity 847.5us-gaap_StockholdersEquity
Non-controlling interest 25.9us-gaap_MinorityInterest 26.9us-gaap_MinorityInterest
Total shareholders' equity 888.9us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 874.4us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and shareholders' equity $ 3,226.7us-gaap_LiabilitiesAndStockholdersEquity $ 1,217.5us-gaap_LiabilitiesAndStockholdersEquity