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RESTRUCTURING CHARGES
 12 Months Ended
Jan. 02, 2021
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES RESTRUCTURING CHARGES
A summary of the restructuring reserve activity from December 28, 2019 to January 2, 2021 is as follows:
(Millions of Dollars)December 28, 2019Net
Additions 		UsageCurrencyJanuary 2, 2021
Severance and related costs$140.3 $63.9 $(111.0)$(5.7)$87.5 
Facility closures and asset impairments7.5 19.1 (23.9)— 2.7 
Total$147.8 $83.0 $(134.9)$(5.7)$90.2 
During 2020, the Company recognized net restructuring charges of $83.0 million, primarily related to severance costs associated with a cost reduction program announced in the second quarter of 2020.
The majority of the $90.2 million of reserves remaining as of January 2, 2021 is expected to be utilized within the next 12 months.

Segments: The $83 million of net restructuring charges for the year ended January 2, 2021 includes: $40 million pertaining to the Tools & Storage segment; $29 million pertaining to the Industrial segment; $9 million pertaining to the Security segment; and $5 million pertaining to Corporate.