$100 bill printing error: Over $110 billion unusable

Here's a massive printing glitch, problems with paper feeds, that probably has happened to you. According to CNBC, U.S. government printing presses were unable to correctly feed new paper used to make $100 bills causing some notes to crease and create blank spaces on some of the bills. An unknown number of bills printed could be damaged so the entire batch of bills, 1.1 billion of them, will be unusable until someone figures out a way to sort the good ones from the bad. The exact cause of the problem is still unknown.
The total cost of printing the bills is estimated at $120 million - not including the re-sorting costs. The damaged money will have to be destroyed. No wonder Ben Franklin isn't smiling.
Here's a look at the new $100 bills and the security features embedded in them.

Credit: Moneyfactory.gov