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ACCOUNTS AND NOTES RECEIVABLE, NET (Tables) | 3 Months Ended
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Mar. 29, 2025
Receivables [Abstract] |
Schedule of Accounts and Notes Receivable |
(Millions of Dollars) | March 29, 2025 |  | December 28, 2024
Trade accounts receivable | $ | 1,358.9 |  |  | $ | 950.4 |
Notes receivable | 82.5 |  |  | 65.9 |
Other accounts receivable | 215.7 |  |  | 222.1 |
Accounts and notes receivable | $ | 1,657.1 |  |  | $ | 1,238.4 |
Allowance for credit losses | (91.1) |  |  | (84.7) |
Accounts and notes receivable, net | $ | 1,566.0 |  |  | $ | 1,153.7 |
Schedule of Changes in Allowance for Credit Losses | The changes in the allowance for credit losses for the three months ended March 29, 2025 and March 30, 2024 are as follows:
|  |  | Year-to-Date
(Millions of Dollars) |  |  |  |  | 2025 |  | 2024
Beginning balance |  |  |  |  | $ | 84.7 |  |  | $ | 76.6 |
Charged to costs and expenses |  |  |  |  | 14.5 |  | (0.2)
Other, including recoveries and deductions (a) |  |  |  |  | (8.1) |  | (1.5)
Balance end of period |  |  |  |  | $ | 91.1 |  |  | $ | 74.9 |
(a) Amounts represent charge-offs less recoveries, the impacts of foreign currency translation, divestitures and net transfers to/from other accounts.

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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 -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 + 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 -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 + Details
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