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Restructuring Charges
 6 Months Ended
Jun. 30, 2012
Restructuring Charges
Restructuring Charges
A summary of the restructuring reserve activity from December 31, 2011 to June 30, 2012 is as follows (in millions):
 
 
12/31/2011
 
Additions, net
 
Usage
 
Currency
 
6/30/2012
2012 Actions
 
 
 
 
 
 
 
 
 
Severance and related costs
$
—

 
$
51.1

 
$
(25.3
)
 
$
(1.1
)
 
$
24.7

Facility closures
—

 
12.7

 
(4.8
)
 
—

 
7.9

Subtotal 2012 actions
$
—

 
$
63.8

 
$
(30.1
)
 
$
(1.1
)
 
$
32.6

Pre-2012 Actions
 
 
 
 
 
 
 
 
 
Severance and related costs
$
82.4

 
$
(3.4
)
 
$
(32.1
)
 
$
(0.6
)
 
$
46.3

Facility closures
1.7

 
0.3

 
(0.5
)
 
—

 
1.5

Subtotal Pre-2012 actions
$
84.1

 
$
(3.1
)
 
$
(32.6
)
 
$
(0.6
)
 
$
47.8

Total
$
84.1

 
$
60.7

 
$
(62.7
)
 
$
(1.7
)
 
$
80.4


2012 Actions: In the first six months of 2012, the Company continued with restructuring activities associated with the Black & Decker merger, Niscayah and other acquisitions, and recognized $30.6 million of restructuring charges related to activities initiated in the current year. Of those charges, $20.9 million relates to severance charges associated with the reduction of approximately 400 employees and $9.7 million relates to facility closure costs. For the three months ended June 30, 2012, the Company recognized $12.0 million of restructuring charges related to activities initiated in the current year. Of those charges, $6.1 million relates to severance charges associated with the reduction of approximately 100 employees and $5.9 million relates to facility closure costs.
In addition, the Company has initiated cost reduction actions in the first six months of 2012 that were not associated with any merger and acquisition activities, resulting in severance charges of $30.2 million pertaining to the reduction of approximately 600 employees and $3.0 million of facility closure costs. For the three months ended June 30, 2012, the Company recognized severance charges of $11.3 million pertaining to the reduction of approximately 250 employees and $3.0 million of facility closure costs.
Of the $32.6 million of reserves remaining as of June 30, 2012 the majority are expected to be utilized in 2012.
Pre-2012 Actions: During the second quarter of 2012, the Company released $3.4 million of the severance reserve related to residual liabilities for prior year initiatives. The Company also incurred $0.3 million of facility closure costs associated with prior year initiatives.
The vast majority of the remaining reserve balance of $47.8 million relating to pre-2012 actions is expected to be utilized in 2012.
Segments: The $60.7 million of charges recognized in the first six months of 2012 includes: $22.2 million pertaining to the CDIY segment; $22.9 million pertaining to the Security segment; and $15.6 million pertaining to the Industrial segment. During the second quarter of 2012, the Company recognized $23.3 million of charges including $7.9 million pertaining to the CDIY segment; $7.4 million pertaining to the Security segment; and $8.0 million pertaining to the Industrial segment.