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RESTRUCTURING CHARGES
9 Months Ended
Oct. 01, 2022
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES RESTRUCTURING CHARGES
A summary of the restructuring reserve activity from January 1, 2022 to October 1, 2022 is as follows: 
(Millions of Dollars)January 1,
2022
Net AdditionsUsageCurrencyOctober 1,
2022
Severance and related costs$28.2 $128.2 $(65.6)$3.6 $94.4 
Facility closures and asset impairments3.5 12.6 (10.6)0.3 5.8 
Total$31.7 $140.8 $(76.2)$3.9 $100.2 
For the three and nine months ended October 1, 2022, the Company recognized net restructuring charges of $68.6 million and $140.8 million, respectively, primarily related to severance and related costs. The majority of the $100.2 million of reserves remaining as of October 1, 2022 is expected to be utilized within the next 12 months.
Segments: The $141 million of net restructuring charges for the nine months ended October 1, 2022 includes: $81 million in the Tools & Outdoor segment; $26 million in the Industrial segment; and $34 million in Corporate.
The $69 million of net restructuring charges for the three months ended October 1, 2022 includes: $36 million in the Tools & Outdoor segment; $10 million in the Industrial segment; and $23 million in Corporate.