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Comprehensive Income | 6 Months Ended
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Jun. 30, 2019
Comprehensive Income [Abstract] |
Comprehensive Income | Note 13. Comprehensive Income The following table summarizes the amounts reclassified out of accumulated other comprehensive loss attributable to the Company:
|  | Three Months Ended |  |  | Six Months Ended |
(millions of dollars) |  | June 30, 2019 |  |  | July 1, 2018 |  |  | June 30, 2019 |  |  | July 1, 2018 |
Amortization of pension items: |  |  |  |  |  |  |  |  |  |  |  |
Pre-tax amount |  | $ | 2.2 |  |  | $ | 2.4 |  |  | $ | 4.4 |  |  | $ | 4.9 |
Tax |  |  | (0.5 | ) |  |  | (0.5 | ) |  |  | (1.1 | ) |  |  | (1.2 | )
Net of tax |  | $ | 1.7 |  |  | $ | 1.9 |  |  | $ | 3.3 |  |  | $ | 3.7 |
The pre-tax amounts in the table above are included within the components of net periodic pension benefit cost (see Note 12 to the Condensed Consolidated Financial Statements) and the tax amounts are included within the provision for taxes on income line within the Condensed Consolidated Statements of Income. 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, 2018 |  | $ | (170.1 | ) |  | $ | (69.7 | ) |  | $ | 6.1 |  |  | $ | (233.7 | )
Other comprehensive loss before reclassifications |  |  | (19.5 | ) |  |  | — |  |  |  | (2.0 | ) |  |  | (21.5 | )
Amounts reclassified from AOCI |  |  | — |  |  |  | 3.3 |  |  |  | — |  |  |  | 3.3 |
Net current period other comprehensive income (loss) |  |  | (19.5 | ) |  |  | 3.3 |  |  |  | (2.0 | ) |  |  | (18.2 | )
Cumulative effect of accounting change |  |  | — |  |  |  | (10.4 | ) |  |  | (0.5 | ) |  |  | (10.9 | )
Balance as of June 30, 2019 |  | $ | (189.6 | ) |  | $ | (76.8 | ) |  | $ | 3.6 |  |  | $ | (262.8 | )
In January 2019, the Company adopted the provisions of ASU 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”, which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the U.S. Tax Cuts and Jobs Act. As a result, the Company reclassified $10.9 million from "Accumulated other comprehensive loss" to "Retained earnings" on the Condensed Consolidated Balance Sheet as of June 30, 2019.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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