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RESTRUCTURING AND ASSET IMPAIRMENTS
 12 Months Ended
Dec. 30, 2017
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND ASSET IMPAIRMENTS
RESTRUCTURING CHARGES AND ASSET IMPAIRMENTS
A summary of the restructuring reserve activity from December 31, 2016 to December 30, 2017 is as follows:
(Millions of Dollars)
December 31, 2016
 
Net
Additions
 
Usage
 
Currency
 
December 30, 2017
Severance and related costs
$
21.4

 
$
40.6

 
$
(43.8
)
 
$
1.8

 
$
20.0

Facility closures and asset impairments
14.2

 
10.9

 
(22.1
)
 
0.2

 
3.2

Total
$
35.6

 
$
51.5

 
$
(65.9
)
 
$
2.0

 
$
23.2


During 2017, the Company recognized net restructuring charges and asset impairments of $51.5 million. This amount reflects $40.6 million of net severance charges associated with the reduction of 1,584 employees and $10.9 million of facility closure and other restructuring costs.
The majority of the $23.2 million of reserves remaining as of December 30, 2017 is expected to be utilized within the next twelve months.
Segments: The $52 million of net restructuring charges and asset impairments for the year ended December 30, 2017 includes: $25 million of net charges pertaining to the Tools & Storage segment; $8 million of net charges pertaining to the Industrial segment; $18 million of net charges pertaining to the Security segment; and $1 million of net charges pertaining to Corporate.