v3.23.1
RESTRUCTURING CHARGES AND OTHER COSTS
 3 Months Ended
Apr. 01, 2023
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES AND OTHER COSTS RESTRUCTURING CHARGES AND OTHER COSTS
A summary of the restructuring reserve activity from December 31, 2022 to April 1, 2023 is as follows: 
(Millions of Dollars)December 31,
2022		Net AdditionsUsageCurrencyApril 1,
2023
Severance and related costs$57.0 $7.3 $(25.8)$(0.3)$38.2 
Facility closures and asset impairments5.3 4.8 (6.3)— 3.8 
Total$62.3 $12.1 $(32.1)$(0.3)$42.0 
For the three months ended April 1, 2023, the Company recognized net restructuring charges of $12.1 million, primarily related to severance and facility closures. The majority of the $42.0 million of reserves remaining as of April 1, 2023 is expected to be utilized within the next 12 months.
Segments: The $12 million of net restructuring charges for the three months ended April 1, 2023 includes: $7 million in the Tools & Outdoor segment; $3 million in the Industrial segment; and $2 million in Corporate.
Other, net is primarily comprised of intangible asset amortization expense, currency-related gains or losses, environmental remediation expense, deal costs and related consulting costs, and certain pension gains or losses. Other, net amounted to $63.7 million and $62.0 million in the first three months of 2023 and 2022, respectively.