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RESTRUCTURING CHARGES AND OTHER, NET
3 Months Ended
Mar. 29, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES AND OTHER, NET RESTRUCTURING CHARGES AND OTHER, NET
A summary of the restructuring reserve activity from December 28, 2024 to March 29, 2025 is as follows: 
(Millions of Dollars)December 28,
2024
Net AdditionsUsageCurrencyMarch 29,
2025
Severance and related costs$25.3 $6.7 $(6.2)$(0.4)$25.4 
Facility closures and other20.1 (5.5)(5.1)— 9.5 
Total$45.4 $1.2 $(11.3)$(0.4)$34.9 
For the three months ended March 29, 2025, the Company recognized net restructuring charges of $1.2 million primarily related to severance costs partially offset by adjustments to facility exit costs related to site closures as part of the supply chain transformation. The majority of the $34.9 million of reserves remaining as of March 29, 2025 is expected to be utilized within the next 12 months.
Segments: The $1.2 million of net restructuring charges for the three months ended March 29, 2025 includes: $1.6 million of net reversals in the Tools & Outdoor segment; $0.3 million of charges in the Engineered Fastening segment; and $2.5 million of charges in Corporate.

Other, net amounted to $47.5 million and $80.0 million for the three months ended March 29, 2025 and March 30, 2024, respectively, which included intangible asset amortization expense of $37.3 million and $41.1 million, respectively. Other, net is also comprised of several other items, none of which were individually significant during the three months ended March 29, 2025 and March 30, 2024, primarily related to currency-related gains or losses, environmental remediation expense, deal costs and related consulting costs, certain pension gains or losses, and income related to providing transition services to previously divested businesses.