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RESTRUCTURING AND ASSET IMPAIRMENTS
 12 Months Ended
Jan. 02, 2016
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND ASSET IMPAIRMENTS
RESTRUCTURING CHARGES AND ASSET IMPAIRMENTS
A summary of the restructuring reserve activity from January 3, 2015 to January 2, 2016 is as follows (in millions):
 
1/3/2015
 
Net Additions
 
Usage
 
Currency
 
1/2/2016
Severance and related costs
$
81.2

 
$
32.7

 
$
(66.5
)
 
$
(3.1
)
 
$
44.3

Facility closures and asset impairments
16.4

 
14.9

 
(16.6
)
 
(0.3
)
 
14.4

Total
$
97.6

 
$
47.6

 
$
(83.1
)
 
$
(3.4
)
 
$
58.7


During 2015, the Company recognized net restructuring charges and asset impairments of $47.6 million. Net severance charges totaled $32.7 million relating to the reduction of approximately 1,300 employees, inclusive of reversals due to the elimination of excess severance accruals and changes in management's strategy for certain prior year actions as a result of new developments during 2015. The Company also recognized $5.1 million of facility closure costs and $9.8 million of asset impairments.
The majority of the $58.7 million reserves remaining as of January 2, 2016 is expected to be utilized within the next twelve months.
Segments: The $47.6 million of net restructuring charges and asset impairments for the twelve months ended January 2, 2016 includes: $17.6 million of net charges pertaining to the Tools & Storage segment; $28.7 million of net charges pertaining to the Security segment; $12.0 million of net charges pertaining to the Industrial segment; and $10.7 million of net reserve reductions pertaining to Corporate.