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RESTRUCTURING CHARGES AND OTHER COSTS
 6 Months Ended
Jul. 01, 2023
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES AND OTHER COSTS RESTRUCTURING CHARGES AND OTHER COSTS
A summary of the restructuring reserve activity from December 31, 2022 to July 1, 2023 is as follows: 
(Millions of Dollars)December 31,
2022		Net AdditionsUsageCurrencyJuly 1,
2023
Severance and related costs$57.0 $7.0 $(39.0)$(0.3)$24.7 
Facility closures and asset impairments5.3 9.7 (12.0)— 3.0 
Total$62.3 $16.7 $(51.0)$(0.3)$27.7 
For the three and six months ended July 1, 2023, the Company recognized net restructuring charges of $4.6 million related to facility closures and $16.7 million, primarily related to severance and facility closures, respectively. The majority of the $27.7 million of reserves remaining as of July 1, 2023 is expected to be utilized within the next 12 months.
Segments: The $17 million of net restructuring charges for the six months ended July 1, 2023 includes: $10 million in the Tools & Outdoor segment; $1 million in the Industrial segment; and $6 million in Corporate.
The $5 million of net restructuring charges for the three months ended July 1, 2023 includes: $3 million in the Tools & Outdoor segment; $2 million of net reversals in the Industrial segment; and $4 million in Corporate.
Other, net is primarily comprised of intangible asset amortization expense, currency-related gains or losses, environmental remediation expense, deal costs and related consulting costs, and certain pension gains or losses. Other, net amounted to $66.6 million and $79.1 million for the three months ended July 1, 2023 and July 2, 2022, respectively. Other, net amounted to $130.3 million and $141.1 million for the six months ended July 1, 2023 and July 2, 2022, respectively. The year-over-year decreases are primarily due to income related to providing transition services to previously divested businesses.