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RECEIVABLES, NET | 6 Months Ended
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Jul. 03, 2021
Receivables [Abstract] |
RECEIVABLES, NET | RECEIVABLES, NET
| July 3, 2021 |  | December 31, 2020
Trade accounts receivable |  | $ | 533.8 |  |  |  |  | $ | 492.5 |  |
Notes receivable |  | 15.5 |  |  |  |  | 11.0 |  |
Other |  | 16.9 |  |  |  |  | 19.1 |  |
Receivables, gross |  | 566.2 |  |  |  |  | 522.6 |  |
Less: Allowance for credit losses - receivables |  | (12.8) |  |  |  |  | (15.1) |  |
Receivables, net |  | $ | 553.4 |  |  |  |  | $ | 507.5 |  |
The following table displays our allowance for credit losses for receivables and contract assets as of July 3, 2021 and December 31, 2020.
| July 3, 2021 |  | December 31, 2020
Allowance for credit losses - receivables |  | $ | 12.8 |  |  |  |  | $ | 15.1 |  |
Allowance for credit losses - contract assets |  | 0.5 |  |  |  |  | 0.5 |  |
Total allowance for credit losses |  | $ | 13.3 |  |  |  |  | $ | 15.6 |  |
The following table displays a rollforward of the total allowance for credit losses for the six months ended July 3, 2021 and June 27, 2020.
| July 3, 2021 | June 27, 2020
Total allowance for credit losses - January 1 |  | $ | 15.6 |  |  |  | $ | 12.8 |  |
Impact of adoption of ASU 2016-13 |  | — |  |  |  | 1.7 |  |
(Recoveries) charges to income |  | (1.7) |  |  |  | 8.6 |  |
Write-offs |  | (0.7) |  |  |  | (3.0) |  |
Foreign currency and other |  | 0.1 |  |  |  | (0.1) |  |
Total allowance for credit losses - ending balance |  | $ | 13.3 |  |  |  | $ | 20.0 |  |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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