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ACCOUNTS AND NOTES RECEIVABLE (Tables) | 12 Months Ended
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Jan. 01, 2022
Receivables [Abstract] |
Accounts and Financing Receivable |
(Millions of Dollars) | 2021 |  | 2020
Trade accounts receivable | $ | 1,484.5 |  |  | $ | 1,136.2 |
Trade notes receivable | 75.3 |  |  | 73.5 |
Other accounts receivable | 104.1 |  |  | 65.7 |
Gross accounts and notes receivable | 1,663.9 |  |  | 1,275.4 |
Allowance for credit losses | (103.1) |  |  | (110.9) |
Accounts and notes receivable, net | $ | 1,560.8 |  |  | $ | 1,164.5 |
Accounts Receivable, Allowance for Credit Loss | The changes in the allowance for credit losses for the years ended January 1, 2022 and January 2, 2021 are as follows:
(Millions of Dollars) |  | 2021 |  | 2020
Beginning Balance |  | $ | 110.9 |  |  | $ | 94.1 |
Cumulative Effect Adjustment (a) |  | — |  |  | 1.1
Charged To Costs and Expenses |  | 3.9 |  | 29.0
Charged To Other Accounts (b) |  | 3.9 |  | 7.4
Deductions (c) |  | (15.6) |  |  | (20.7) |
Balance end of period |  | $ | 103.1 |  |  | $ | 110.9 |
(a) Represents the cumulative-effect adjustment to opening retained earnings due to the adoption of ASU 2016-13. (b) Amounts represent the impacts of foreign currency translation, acquisitions and net transfers to/from other accounts. (c) Amounts represent charge-offs less recoveries of accounts previously charged-off.

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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