CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Oct. 02, 2016	[1]	Dec. 31, 2015	[2]
Current assets:
Cash and cash equivalents	$ 199.7		$ 229.4
Short-term investments, at cost which approximates market	5.1		2.6
Accounts receivable, net	363.9		348.7
Inventories	209.1		194.9
Prepaid expenses and other current assets	32.4		28.0
Total current assets	810.2		803.6
Property, plant and equipment	2,178.3		2,167.3
Less accumulated depreciation and depletion	(1,107.1)		(1,063.0)
Property, plant and equipment, net	1,071.2		1,104.3
Goodwill	780.3		781.2
Intangible assets	206.4		212.7
Other assets and deferred charges	70.6		78.2
Total assets	2,938.7		2,980.0
Current liabilities:
Short-term debt	6.3		6.5
Current maturities of long-term debt	4.6		3.1
Accounts payable	155.8		152.4
Other current liabilities	154.7		156.6
Total current liabilities	321.4		318.6
Long-term debt, net of unamortized discount	1,117.3		1,255.3
Deferred income taxes	242.4		252.0
Other non-current liabilities	216.3		216.4
Total liabilities	1,897.4		2,042.3
Shareholders' equity:
Common stock	4.8		4.8
Additional paid-in capital	395.4		387.6
Retained earnings	1,384.2		1,292.7
Accumulated other comprehensive loss	(174.7)		(180.9)
Less common stock held in treasury	(596.3)		(593.7)
Total MTI shareholders' equity	1,013.4		910.5
Non-controlling interest	27.9		27.2
Total shareholders' equity	1,041.3		937.7
Total liabilities and shareholders' equity	$ 2,938.7		$ 2,980.0

[1] Unaudited

[2] Condensed from audited financial statements