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Restructuring Charges | 9 Months Ended
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Sep. 28, 2019
Notes To Financial Statements [Abstract] |
Restructuring Charges | RESTRUCTURING CHARGES A summary of the restructuring reserve activity from December 29, 2018 to September 28, 2019 is as follows:
(Millions of Dollars) | December 29, 2018 |  | Net Additions |  | Usage |  | Currency |  | September 28, 2019
Severance and related costs | $ | 105.7 |  |  | $ | 83.9 |  |  | $ | (62.1 | ) |  | $ | (1.2 | ) |  | $ | 126.3 |
Facility closures and asset impairments | 3.1 |  |  | 7.3 |  |  | (8.2 | ) |  | (0.1 | ) |  | 2.1 |
Total | $ | 108.8 |  |  | $ | 91.2 |  |  | $ | (70.3 | ) |  | $ | (1.3 | ) |  | $ | 128.4 |
For the three and nine months ended September 28, 2019, the Company recognized net restructuring charges of $74.0 million and $91.2 million, respectively, primarily related to severance costs associated with a recently announced cost reduction program that is expected to extend through the end of the fiscal year. Current and expected actions of the program include headcount reductions across the Company as well as footprint rationalization opportunities. The majority of the $128.4 million of reserves remaining as of September 28, 2019 is expected to be utilized within the next 12 months. Segments: The $91 million of net restructuring charges for the nine months ended September 28, 2019 includes: $37 million pertaining to the Tools & Storage segment; $25 million pertaining to the Industrial segment; $15 million pertaining to the Security segment; and $14 million pertaining to Corporate. The $74 million of net restructuring charges for the three months ended September 28, 2019 includes: $34 million pertaining to the Tools & Storage segment; $19 million pertaining to the Industrial segment; $10 million pertaining to the Security segment; and $11 million pertaining to Corporate.

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- Definition Notes to Financial Statements [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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