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Comprehensive Income (Tables)
 6 Months Ended
Jul. 03, 2022
Comprehensive Income [Abstract]  
Reclassifications Out of Accumulated Other Comprehensive Loss

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)
  
Jul. 3,
2022
    
Jul. 4,
2021
    
Jul. 3,
2022
    
Jul. 4,
2021
  
                         
Amortization of pension items:
                        
Pre-tax amount
  
$
3.0
    
$
5.7
    
$
4.5
    
$
9.0
  
Tax
    
(0.7
)
    
(1.4
)
    
(1.1
)
    
(2.2
)
Net of tax
  
$
2.3
    
$
4.3
    
$
3.4
    
$
6.8
  
Accumulated Other Comprehensive Loss, Net of Related Tax

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, 2021
  
$
(269.8
)
  
$
(69.6
)
  
$
5.8
    
$
(333.6
)
                                 
Other comprehensive income (loss) before reclassifications
    
(57.6
)
    
—
      
9.3
      
(48.3
)
Amounts reclassified from AOCI
    
—
      
3.4
      
—
      
3.4
  
Net current period other comprehensive income (loss)
    
(57.6
)
    
3.4
      
9.3
      
(44.9
)
Balance as of July 3, 2022
  
$
(327.4
)
  
$
(66.2
)
  
$
15.1
    
$
(378.5
)