XML 66 R48.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Segment and Related Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment and Related Information [Abstract] |
Segment Information | Segment information for the years ended December 31, 2023, 2022 and 2021 was as follows:
|  | Year Ended December 31, |
(millions of dollars) |  | 2023 |  |  | 2022 |  |  | 2021 |
Net Sales |  |  |  |  |  |  |  |  |
Consumer & Specialties |  | $ | 1,160.2 |  |  | $ | 1,124.6 |  |  | $ | 962.6 |
Engineered Solutions |  |  | 1,009.7 |  |  |  | 1,000.9 |  |  |  | 895.7 |
Total |  |  | 2,169.9 |  |  |  | 2,125.5 |  |  |  | 1,858.3 |
Income from Operations |  |  |  |  |  |  |  |  |  |  |  |
Consumer & Specialties |  |  | 41.6 |  |  |  | 79.0 |  |  |  | 119.5 |
Engineered Solutions |  |  | 147.8 |  |  |  | 147.1 |  |  |  | 127.7 |
Total |  |  | 189.4 |  |  |  | 226.1 |  |  |  | 247.2 |
Depreciation, Depletion and Amortization |  |  |  |  |  |  |  |  |  |  |  |
Consumer & Specialties |  |  | 47.2 |  |  |  | 48.0 |  |  |  | 45.1 |
Engineered Solutions |  |  | 47.7 |  |  |  | 46.2 |  |  |  | 49.5 |
Total |  |  | 94.9 |  |  |  | 94.2 |  |  |  | 94.6 |
Segment Assets |  |  |  |  |  |  |  |  |  |  |  |
Consumer & Specialties |  |  | 1,244.8 |  |  |  | 1,107.5 |  |  |  | 1,062.8 |
Engineered Solutions |  |  | 2,028.5 |  |  |  | 2,187.5 |  |  |  | 2,229.4 |
Total |  |  | 3,273.3 |  |  |  | 3,295.0 |  |  |  | 3,292.2 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Consumer & Specialties |  |  | 56.8 |  |  |  | 44.3 |  |  |  | 55.7 |
Engineered Solutions |  |  | 31.2 |  |  |  | 34.0 |  |  |  | 26.6 |
Total |  |  | 88.0 |  |  |  | 78.3 |  |  |  | 82.3 |
Reconciliation of Significant Items from Segments to Consolidated Totals | A reconciliation of the totals reported for the operating segments to the applicable line items in the consolidated financial statements is as follows:
|  | Year Ended December 31, |
(millions of dollars) |  | 2023 |  |  | 2022 |  |  | 2021 |
Income from Operations before Provision for Taxes on Income |  |  |  |  |  |  |  |  |
Income from operations for reportable segments |  | $ | 189.4 |  |  | $ | 226.1 |  |  | $ | 247.2 |
Restructuring and other items, net |  |  | (2.8 | ) |  |  | — |  |  |  | — |
Acquisition-related expenses |  |  | (0.3 | ) |  |  | (5.1 | ) |  |  | (4.0 | )
Litigation expenses |  |  | (2.4 | ) |  |  | (1.5 | ) |  |  | — |
Unallocated corporate expenses |  |  | (14.9 | ) |  |  | (4.7 | ) |  |  | (7.5 | )
Consolidated income from operations |  | $ | 171.8 |  |  | $ | 214.8 |  |  | $ | 235.7 |
Non-operating deductions, net |  |  | (64.1 | ) |  |  | (58.1 | ) |  |  | (33.4 | )
Income before tax and equity in earnings |  | $ | 107.7 |  |  | $ | 156.7 |  |  | $ | 202.3 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |
Total segment assets |  |  | 3,273.3 |  |  |  | 3,295.0 |  |  |  | 3,292.2 |
Corporate assets |  |  | 73.3 |  |  |  | 106.6 |  |  |  | 82.0 |
Consolidated total assets |  | $ | 3,346.6 |  |  | $ | 3,401.6 |  |  | $ | 3,374.2 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Total segment capital expenditures |  |  | 88.0 |  |  |  | 78.3 |  |  |  | 82.3 |
Corporate capital expenditures |  |  | 5.5 |  |  |  | 4.0 |  |  |  | 3.7 |
Consolidated capital expenditures |  | $ | 93.5 |  |  | $ | 82.3 |  |  | $ | 86.0 |
Financial Information Related to Operations by Geographic Area | Financial information relating to the Company’s operations by geographic area was as follows:
|  | Year Ended December 31, |
(millions of dollars) |  | 2023 |  |  | 2022 |  |  | 2021 |
Net Sales |  |  |  |  |  |  |  |  |
United States |  | $ | 1,144.0 |  |  | $ | 1,135.6 |  |  | $ | 959.6 |
Canada/Latin America |  |  | 150.2 |  |  |  | 148.3 |  |  |  | 99.8 |
Europe/Africa |  |  | 525.5 |  |  |  | 496.8 |  |  |  | 441.9 |
Asia |  |  | 350.2 |  |  |  | 344.8 |  |  |  | 357.0 |
Total International |  | $ | 1,025.9 |  |  | $ | 989.9 |  |  | $ | 898.7 |
Consolidated net sales |  | $ | 2,169.9 |  |  | $ | 2,125.5 |  |  | $ | 1,858.3 |
Long-Lived Assets |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,842.0 |  |  | $ | 1,915.8 |  |  | $ | 1,925.9 |
Canada/Latin America |  |  | 17.7 |  |  |  | 16.4 |  |  |  | 10.6 |
Europe/Africa |  |  | 157.0 |  |  |  | 162.8 |  |  |  | 151.1 |
Asia |  |  | 114.7 |  |  |  | 112.1 |  |  |  | 120.6 |
Total International |  | $ | 289.4 |  |  | $ | 291.3 |  |  | $ | 282.3 |
Consolidated long-lived assets |  | $ | 2,131.4 |  |  | $ | 2,207.1 |  |  | $ | 2,208.2 |
Sales by Product Category | The Company’s sales by product category are as follows:
|  | Year Ended December 31, |
(millions of dollars) |  | 2023 |  |  | 2022 |  |  | 2021 |
Household & Personal Care |  | $ | 517.6 |  |  | $ | 476.2 |  |  | $ | 383.7 |
Specialty Additives |  |  | 642.6 |  |  |  | 648.4 |  |  |  | 578.9 |
High-Temperature Technologies |  |  | 720.9 |  |  |  | 702.5 |  |  |  | 642.7 |
Environmental & Infrastructure |  |  | 288.8 |  |  |  | 298.4 |  |  |  | 253.0 |
Total |  | $ | 2,169.9 |  |  | $ | 2,125.5 |  |  | $ | 1,858.3 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss, assets, and capital expenditures from reportable segments to the entity's consolidated totals. + References No definition available. + Details
Name: | mtx_ReconciliationOfSignificantItemsFromSegmentsToConsolidatedTableTextBlock
Namespace Prefix: | mtx_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration