XML 43 R31.htm IDEA: XBRL DOCUMENT v3.22.2.2
ACCOUNTS AND NOTES RECEIVABLE, NET (Tables)
 9 Months Ended
Oct. 01, 2022
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
(Millions of Dollars)October 1, 2022January 1, 2022
Trade accounts receivable$1,433.6 $1,398.2 
Trade notes receivable81.2 75.3 
Other accounts receivable96.4 104.1 
Gross accounts and notes receivable$1,611.2 $1,577.6 
Allowance for credit losses(108.0)(95.9)
Accounts and notes receivable, net$1,503.2 $1,481.7 
Accounts Receivable, Allowance for Credit Loss The changes in the allowance for credit losses for the three and nine months ended October 1, 2022 and October 2, 2021 are as follows:
Third QuarterYear-to-Date
(Millions of Dollars)2022202120222021
Beginning Balance$102.2 $103.1 $95.9 $106.2 
Charged To Costs and Expenses0.82.715.2—
Other, including recoveries and deductions (a)5.0(4.0)(3.1)(4.4)
Balance end of period$108.0 $101.8 $108.0 $101.8 
(a) Amounts represent charge-offs less recoveries, the impacts of foreign currency translation, acquisitions and net transfers to/from other accounts.