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RESTRUCTURING CHARGES | 12 Months Ended
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Dec. 28, 2024
Restructuring and Related Activities [Abstract] |
RESTRUCTURING CHARGES | RESTRUCTURING CHARGES A summary of the restructuring reserve activity from December 30, 2023 to December 28, 2024 is as follows:
(Millions of Dollars) | December 30, 2023 |  | Net Additions |  | Usage |  | Currency |  | December 28, 2024
Severance and related costs | $ | 25.8 |  |  | $ | 49.0 |  |  | $ | (50.3) |  |  | $ | 0.8 |  |  | $ | 25.3 |
Facility closures and other | 3.1 |  |  | 50.9 |  |  | (33.9) |  |  | — |  |  | 20.1 |
Total | $ | 28.9 |  |  | $ | 99.9 |  |  | $ | (84.2) |  |  | $ | 0.8 |  |  | $ | 45.4 |
During 2024, the Company recognized net restructuring charges of $99.9 million, primarily related to severance and facility closures associated with the supply chain transformation. The majority of the $45.4 million of reserves remaining as of December 28, 2024 is expected to be utilized within the next 12 months. Segments: The $99.9 million of net restructuring charges for the year ended December 28, 2024 includes: $84.0 million pertaining to the Tools & Outdoor segment; $7.7 million pertaining to the Industrial segment; and $8.2 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://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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