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RESTRUCTURING AND ASSET IMPAIRMENTS | 12 Months Ended
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Dec. 28, 2019
Restructuring and Related Activities [Abstract] |
RESTRUCTURING AND ASSET IMPAIRMENTS | RESTRUCTURING CHARGES A summary of the restructuring reserve activity from December 29, 2018 to December 28, 2019 is as follows:
(Millions of Dollars) | December 29, 2018 |  | Net Additions |  | Usage |  | Currency |  | December 28, 2019
Severance and related costs | $ | 105.7 |  |  | $ | 131.9 |  |  | $ | (97.4 | ) |  | $ | 0.1 |  |  | $ | 140.3 |
Facility closures and asset impairments | 3.1 |  |  | 22.2 |  |  | (17.9 | ) |  | 0.1 |  |  | 7.5 |
Total | $ | 108.8 |  |  | $ | 154.1 |  |  | $ | (115.3 | ) |  | $ | 0.2 |  |  | $ | 147.8 |
During 2019, the Company recognized net restructuring charges of $154.1 million, primarily related to severance costs associated with a cost reduction program announced in the third quarter of 2019. Current and expected actions of the program include headcount reductions across the Company as well as footprint rationalization opportunities. The majority of the $147.8 million of reserves remaining as of December 28, 2019 is expected to be utilized within the next 12 months. Segments: The $154 million of net restructuring charges for the year ended December 28, 2019 includes: $63 million pertaining to the Tools & Storage segment; $27 million pertaining to the Industrial segment; $18 million pertaining to the Security segment; and $46 million pertaining to Corporate.

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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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