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ACCOUNTS AND NOTES RECEIVABLE, NET (Tables)

9 Months Ended

Sep. 28, 2024

Receivables [Abstract]

Schedule of Accounts and Notes Receivable

(Millions of Dollars)			September 28, 2024						December 30, 2023
Trade accounts receivable			$	1,260.9					$	1,057.8
Notes receivable			86.4						66.9
Other accounts receivable			232.3						253.9
Accounts and notes receivable			$	1,579.6					$	1,378.6
Allowance for credit losses			(76.5)						(76.6)
Accounts and notes receivable, net			$	1,503.1					$	1,302.0

Schedule of Changes in Allowance for Credit Losses

The changes in the allowance for credit losses for the three and nine months ended September 28, 2024 and September 30, 2023 are as follows:

			Third Quarter												Year-to-Date
(Millions of Dollars)			2024						2023						2024						2023
Beginning balance			$	72.0					$	88.0					$	76.6					$	106.6
Charged to costs and expenses			7.1						2.5						9.7						7.5
Other, including recoveries and deductions (a)			(2.6)						(2.1)						(9.8)						(25.7)
Balance end of period			$	76.5					$	88.4					$	76.5					$	88.4

(a) Amounts represent charge-offs less recoveries, the impacts of foreign currency translation, divestitures 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
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

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- References

No definition available.

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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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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