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Restructuring Charges
 9 Months Ended
Sep. 29, 2012
Restructuring Charges
Restructuring & Asset Impairments
A summary of the restructuring reserve activity from December 31, 2011 to September 29, 2012 is as follows (in millions): 
 
12/31/2011
 
Additions (Reversals), net
 
Usage
 
Currency
 
9/29/2012
2012 Actions
 
 
 
 
 
 
 
 
 
Severance and related costs
$
—

 
$
91.5

 
$
(56.1
)
 
$
0.5

 
$
35.9

Facility closures
$
—

 
$
15.2

 
$
(10.1
)
 
$
—

 
$
5.1

Asset Impairments
$
—

 
$
10.8

 
$
(10.8
)
 
$
—

 
$
—

Subtotal 2012 actions
$
—

 
$
117.5

 
$
(77.0
)
 
$
0.5

 
$
41.0

Pre-2012 Actions
 
 
 
 
 
 
 
 
 
Severance and related costs
$
82.4

 
$
(5.9
)
 
$
(25.8
)
 
$
0.3

 
$
51.0

Facility closures
1.7

 
2.5

 
(0.2
)
 
—

 
4.0

Subtotal Pre-2012 actions
$
84.1

 
$
(3.4
)
 
$
(26.0
)
 
$
0.3

 
$
55.0

Total
$
84.1

 
$
114.1

 
$
(103.0
)
 
$
0.8

 
$
96.0


2012 Actions: In the first nine months of 2012, the Company continued with restructuring activities associated with the Black & Decker merger, Niscayah and other acquisitions, and recognized $59.2 million of restructuring charges related to activities initiated in the current year. Of those charges, $37.5 million relates to severance charges associated with the reduction of approximately 500 employees, $10.9 million relates to facility closure costs, and $10.8 million relates to asset impairment charges. For the three months ended September 29, 2012, the Company recognized $28.6 million of restructuring charges related to activities initiated in the current year. Of those charges, $16.6 million relates to severance charges associated with the reduction of approximately 150 employees, $1.2 million relates to facility closure costs, and $10.8 million relates to asset impairment charges.
In addition, the Company has initiated cost reduction actions in the first nine months of 2012 that were not associated with any merger and acquisition activities, resulting in severance charges of $54.0 million pertaining to the reduction of approximately 1,000 employees, and $4.3 million of facility closure costs. For the three months ended September 29, 2012, the Company recognized severance charges of $23.8 million pertaining to the reduction of approximately 500 employees, and $1.3 million of facility closure costs.
Of the $41.0 million of reserves remaining as of September 29, 2012 the majority are expected to be utilized in the fourth quarter of 2012 and the first quarter of 2013.
Pre-2012 Actions: In the first nine months of 2012, the Company released $5.9 million of the severance reserve related to remaining liabilities for prior year initiatives, with $2.5 million of this reserve being released in the third quarter. The Company also recorded $2.5 million of facility closure costs associated with prior year initiatives in the first nine months of 2012, with $2.2 million recorded in the third quarter.
The vast majority of the remaining reserve balance of $55.0 million relating to pre-2012 actions is expected to be utilized in the fourth quarter of 2012 and the first half of 2013.
Segments: The $114.1 million of charges recognized in the first nine months of 2012 includes: $28.8 million pertaining to the CDIY segment; $33.6 million pertaining to the Security segment; $47.2 million pertaining to the Industrial segment; and $4.5 million pertaining to Corporate charges. During the third quarter of 2012, the Company recognized $53.4 million of charges including $8.1 million pertaining to the CDIY segment; $10.7 million pertaining to the Security segment; $31.6 million pertaining to the Industrial segment; and $3.0 million pertaining to Corporate charges.