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Restructuring Charges
3 Months Ended
Mar. 29, 2014
Restructuring Charges
Restructuring Charges (Credits)
A summary of the restructuring reserve activity from December 28, 2013 to March 29, 2014 is as follows (in millions): 
 
December 28,
2013
 
Additions (Reversals), net
 
Usage
 
Currency
 
March 29,
2014
2014 Actions
 
 
 
 
 
 
 
 
 
Severance and related costs
$

 
$
2.2

 
$

 
$
(0.1
)
 
$
2.1

Facility closures

 
0.6

 
(0.1
)
 

 
0.5

Subtotal 2014 actions
$

 
$
2.8

 
$
(0.1
)
 
$
(0.1
)
 
$
2.6

Pre-2014 Actions
 
 
 
 
 
 
 
 
 
Severance and related costs
$
172.2

 
$
(6.8
)
 
$
(26.9
)
 
$

 
$
138.5

Facility closures
21.6

 
0.3

 
(1.5
)
 

 
20.4

Subtotal Pre-2014 actions
$
193.8

 
$
(6.5
)
 
$
(28.4
)
 
$

 
$
158.9

Total
$
193.8

 
$
(3.7
)
 
$
(28.5
)
 
$
(0.1
)
 
$
161.5


For the three months ended March 29, 2014, the Company recognized a net restructuring credit of $3.7 million. This amount reflects $2.2 million of net severance charges associated with the reduction of approximately 24 employees in the first quarter of 2014, which was more than offset by reversals of $6.8 million which represent the elimination of excess severance accruals due to changes in initial estimates relating to prior year actions. The Company also had facility closure costs of $0.9 million.
The majority of the $161.5 million of reserves remaining as of March 29, 2014 is expected to be utilized within the next 12 months.
Segments: The $3.7 million net restructuring credit for the three months ended March 29, 2014 includes: $1.3 million of net reserve reductions pertaining to the CDIY segment; $0.1 million of net charges pertaining to the Industrial segment; $1.4 million of net reserve reductions pertaining to the Security segment; and $1.1 million of net reserve reductions pertaining to Corporate.