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RESTRUCTURING CHARGES
 12 Months Ended
Dec. 30, 2023
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES RESTRUCTURING CHARGES
A summary of the restructuring reserve activity from December 31, 2022 to December 30, 2023 is as follows:
(Millions of Dollars)December 31, 2022Net
Additions 		UsageCurrencyDecember 30, 2023
Severance and related costs$57.0 $20.3 $(51.1)$(0.4)$25.8 
Facility closures and other5.3 19.1 (21.3)— 3.1 
Total$62.3 $39.4 $(72.4)$(0.4)$28.9 

During 2023, the Company recognized net restructuring charges of $39.4 million, primarily related to severance and facility closures associated with the footprint rationalization actions under the supply chain transformation.
The majority of the $28.9 million of reserves remaining as of December 30, 2023 is expected to be utilized within the next 12 months.

Segments: The $39.4 million of net restructuring charges for the year ended December 30, 2023 includes: $31.3 million pertaining to the Tools & Outdoor segment; $0.9 million pertaining to the Industrial segment; and $7.2 million pertaining to Corporate.