XML 49 R28.htm IDEA: XBRL DOCUMENT
v3.23.1

ACCOUNTS AND NOTES RECEIVABLE, NET (Tables) | 3 Months Ended
--- | ---
Apr. 01, 2023
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable |
(Millions of Dollars) | April 1, 2023 |  | December 31, 2022
Trade accounts receivable | $ | 1,523.8 |  |  | $ | 1,142.0 |
Trade notes receivable | 92.4 |  |  | 100.1 |
Other accounts receivable | 97.5 |  |  | 95.5 |
Gross accounts and notes receivable | $ | 1,713.7 |  |  | $ | 1,337.6 |
Allowance for credit losses | (105.8) |  |  | (106.6) |
Accounts and notes receivable, net | $ | 1,607.9 |  |  | $ | 1,231.0 |
Accounts Receivable, Allowance for Credit Loss | The changes in the allowance for credit losses for the three months ended April 1, 2023 and April 2, 2022 are as follows:
|  |  | Year-to-Date
(Millions of Dollars) |  |  |  |  | 2023 |  | 2022
Beginning balance |  |  |  |  | $ | 106.6 |  |  | $ | 95.9 |
Charged to costs and expenses |  |  |  |  | 2.1 |  | 11.1
Other, including recoveries and deductions (a) |  |  |  |  | (2.9) |  | 0.8
Balance end of period |  |  |  |  | $ | 105.8 |  |  | $ | 107.8 |
(a) Amounts represent charge-offs less recoveries, the impacts of foreign currency translation, and net transfers to/from other accounts.

X
- 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 https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration