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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 299.5 $ 367.7
Short-term investments, at cost which approximates market 4.9 4.1
Accounts receivable 367.8 369.0
Inventories 297.7 248.2
Prepaid expenses 41.2 35.4
Other current assets 17.4 9.2
Total current assets 1,028.5 1,033.6
Property, plant and equipment, less accumulated depreciation and depletion 1,049.1 1,039.6
Goodwill 907.5 808.5
Intangible assets 251.6 195.8
Deferred income taxes 23.0 25.3
Other assets and deferred charges 114.5 106.6
Total assets 3,374.2 3,209.4
Current liabilities:    
Short-term debt 80.0 0.0
Current maturities of long-term debt 0.8 1.0
Accounts payable 196.1 148.3
Income tax payable 0.0 8.7
Accrued compensation and related items 57.9 60.3
Other current liabilities 85.0 77.5
Total current liabilities 419.8 295.8
Long-term debt, net of unamortized discount and deferred financing costs 936.2 933.2
Deferred income taxes 188.1 163.7
Accrued pension and post retirement benefits 114.3 179.0
Other non-current liabilities 136.3 139.0
Total liabilities 1,794.7 1,710.7
Shareholders' equity:    
Preferred stock, without par value; 1,000,000 shares authorized; none issued 0.0 0.0
Common stock, par value at $0.10 per share; 100,000,000 shares authorized; Issued 49,347,347 shares in 2021 and 49,051,181 shares in 2020 4.9 4.9
Additional paid-in capital 474.2 453.3
Retained earnings 2,168.9 2,011.3
Accumulated other comprehensive loss (333.6) (308.3)
Less common stock held in treasury, at cost; 16,170,154 shares in 2021 and 15,168,994 shares in 2020 (775.1) (700.4)
Total Minerals Technologies Inc. shareholders' equity 1,539.3 1,460.8
Non-controlling interests 40.2 37.9
Total shareholders' equity 1,579.5 1,498.7
Total liabilities and shareholders' equity $ 3,374.2 $ 3,209.4