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RESTRUCTURING CHARGES
 6 Months Ended
Jun. 27, 2020
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES RESTRUCTURING CHARGES
A summary of the restructuring reserve activity from December 28, 2019 to June 27, 2020 is as follows: 
(Millions of Dollars)December 28,
2019		Net AdditionsUsageCurrencyJune 27,
2020
Severance and related costs$140.3  $28.9  $(55.3) $0.5  $114.4  
Facility closures and asset impairments7.5  2.9  (8.3) —  2.1  
Total$147.8  $31.8  $(63.6) $0.5  $116.5  
For the three and six months ended June 27, 2020, the Company recognized net restructuring charges of $27.9 million and $31.8 million, respectively, primarily related to severance costs associated with the Company's recently implemented cost reduction program. The majority of the $116.5 million of reserves remaining as of June 27, 2020 is expected to be utilized within the next 12 months.
Segments: The $32 million of net restructuring charges for the six months ended June 27, 2020 includes: $13 million pertaining to the Tools & Storage segment; $10 million of pertaining to the Industrial segment; and $9 million pertaining to the Security segment.
The $28 million of net restructuring charges for the three months ended June 27, 2020 includes: $14 million pertaining to the Tools & Storage segment; $7 million pertaining to the Industrial segment; and $7 million pertaining to the Security segment.