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RESTRUCTURING AND ASSET IMPAIRMENTS
 12 Months Ended
Dec. 29, 2018
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND ASSET IMPAIRMENTS
RESTRUCTURING CHARGES AND ASSET IMPAIRMENTS
A summary of the restructuring reserve activity from December 30, 2017 to December 29, 2018 is as follows:
(Millions of Dollars)
December 30, 2017
 
Net
Additions
 
Usage
 
Currency
 
December 29, 2018
Severance and related costs
$
20.0

 
$
151.0

 
$
(64.1
)
 
$
(1.2
)
 
$
105.7

Facility closures and asset impairments
3.2

 
9.3

 
(9.4
)
 
—

 
3.1

Total
$
23.2

 
$
160.3

 
$
(73.5
)
 
$
(1.2
)
 
$
108.8


During 2018, the Company recognized net restructuring charges and asset impairments of $160.3 million, which primarily relates to the cost reduction program in the fourth quarter of 2018. This amount reflects $151.0 million of net severance charges associated with the reduction of 4,184 employees and $9.3 million of facility closure and other restructuring costs.
The majority of the $108.8 million of reserves remaining as of December 29, 2018 is expected to be utilized within the next twelve months.
Segments: The $160 million of net restructuring charges and asset impairments for the year ended December 29, 2018 includes: $80 million of net charges pertaining to the Tools & Storage segment; $30 million of net charges pertaining to the Industrial segment; $36 million of net charges pertaining to the Security segment; and $14 million of net charges pertaining to Corporate.