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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Statements of Income [Abstract]    
Net sales $ 519.1 $ 452.6
Cost of goods sold 397.4 340.8
Production margin 121.7 111.8
Marketing and administrative expenses 48.8 48.0
Research and development expenses 5.1 5.0
Acquisition related transaction and integration costs 1.6 0.0
Income from operations 66.2 58.8
Interest expense, net (9.8) (9.9)
Other non-operating (deductions) income, net (0.4) 0.5
Total non-operating deductions, net (10.2) (9.4)
Income from operations before tax and equity in earnings 56.0 49.4
Provision for taxes on income 11.2 8.9
Equity in earnings of affiliates, net of tax 0.1 0.5
Consolidated net income 44.9 41.0
Less: Net income attributable to non-controlling interests 0.8 1.1
Net income attributable to Minerals Technologies Inc. $ 44.1 $ 39.9
Basic:    
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) $ 1.33 $ 1.18
Diluted:    
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) 1.33 1.17
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05
Shares used in computation of earnings per share:    
Basic (in shares) 33.1 33.8
Diluted (in shares) 33.2 34.0