Comprehensive Income

6 Months Ended

Jun. 28, 2015

Comprehensive Income [Abstract]

Comprehensive Income

Note 11. Comprehensive Income

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

		Three Months Ended						Six Months Ended
Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)		June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
	(millions of dollars)
Amortization of pension items:
Pre-tax amount		$	2.4		$	1.2		$	4.7		$	2.4
Tax			(0.9	)		(0.4	)		(1.7	)		(0.7	)
Net of tax		$	1.5		$	0.8		$	3.0		$	1.7

The pre-tax amounts in the table above are included within the components of net periodic pension benefit cost (see Note 10) and the tax amounts are included within provision for taxes on income line within Condensed Consolidated Statements of Income.

The major components of accumulated other comprehensive income, net of related tax, attributable to MTI are as follows:

	Foreign Currency Translation Adjustment			Unrecognized Pension Costs			Net Gain on Cash Flow Hedges		Total
	(millions of dollars)
Balance as of December 31, 2014	$	(33.4	)	$	(82.1	)	$	2.6	$	(112.9	)
Other comprehensive income (loss) before reclassifications		(30.2	)		-			-		(30.2	)
Amounts reclassified from AOCI		-			3.0			-		3.0
Net current period other comprehensive income(loss)		(30.2	)		3.0			-		(27.2	)
Balance as of June 28, 2015	$	(63.6	)	$	(79.1	)	$	2.6	$	(140.1	)