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RESTRUCTURING CHARGES AND OTHER, NET
 6 Months Ended
Jun. 28, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES AND OTHER, NET RESTRUCTURING CHARGES AND OTHER, NET
A summary of the restructuring reserve activity from December 28, 2024 to June 28, 2025 is as follows: 
(Millions of Dollars)December 28,
2024		Net AdditionsUsageCurrencyJune 28,
2025
Severance and related costs$25.3 $20.5 $(13.2)$(1.2)$31.4 
Facility closures and other20.1 (0.5)(11.1)— 8.5 
Total$45.4 $20.0 $(24.3)$(1.2)$39.9 
For the three and six months ended June 28, 2025, the Company recognized net restructuring charges of $18.8 million and $20.0 million, respectively, primarily driven by severance costs related to reorganizations of the Company’s corporate and support functions as well as severance and facility costs related to footprint actions associated with the supply chain transformation. The majority of the $39.9 million of reserves remaining as of June 28, 2025 is expected to be utilized within the next 12 months.
Segments: The $20.0 million of net restructuring charges for the six months ended June 28, 2025 includes: $9.3 million in the Tools & Outdoor segment; $1.6 million in the Engineered Fastening segment; and $9.1 million in Corporate.
The $18.8 million of net restructuring charges for the three months ended June 28, 2025 includes: $10.9 million in the Tools & Outdoor segment; $1.3 million in the Engineered Fastening segment; and $6.6 million in Corporate.
Other, net amounted to $67.7 million and $226.5 million for the three months ended June 28, 2025 and June 29, 2024, respectively, which included intangible asset amortization expense of $37.4 million and $40.7 million, respectively. Other, net amounted to $115.2 million and $306.5 million for the six months ended June 28, 2025 and June 29, 2024, respectively, which included intangible asset amortization expense of $74.7 million and $81.8 million, respectively. In addition, Other, net included the Centredale environmental reserve adjustment of $142.3 million recorded in the second quarter of 2024. Refer to Note O, Contingencies, for further discussion of the Centredale site.
Other, net is also comprised of several other items, none of which were individually significant during the three and six months ended June 28, 2025 and June 29, 2024, primarily related to currency-related gains or losses, other environmental remediation expenses, deal costs and related consulting costs, certain pension gains or losses, and income related to providing transition services to previously divested businesses.