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Restructuring Charges
 3 Months Ended
Mar. 31, 2018
Notes To Financial Statements [Abstract]  
Restructuring Charges
RESTRUCTURING CHARGES
A summary of the restructuring reserve activity from December 30, 2017 to March 31, 2018 is as follows: 
(Millions of Dollars)
December 30,
2017
 
Net Additions
 
Usage
 
Currency
 
March 31,
2018
Severance and related costs
$
20.0

 
$
22.3

 
$
(11.6
)
 
$
0.4

 
$
31.1

Facility closures and asset impairments
3.2

 
0.6

 
(1.1
)
 
—

 
2.7

Total
$
23.2

 
$
22.9


$
(12.7
)
 
$
0.4

 
$
33.8


For the three months ended March 31, 2018, the Company recognized net restructuring charges of $22.9 million. This amount reflects $22.3 million of net severance charges associated with the reduction of approximately 406 employees and $0.6 million of facility closure and other restructuring costs.
The majority of the $33.8 million of reserves remaining as of March 31, 2018 is expected to be utilized within the next 12 months.

Segments: The $23 million of net restructuring charges for the three months ended March 31, 2018 includes: $8 million pertaining to the Tools & Storage segment; $3 million pertaining to the Industrial segment; $9 million pertaining to the Security segment; and $3 million pertaining to Corporate.