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Receivables, net | 3 Months Ended
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Apr. 03, 2021
Receivables [Abstract] |
Receivables, net | Receivables, net Receivables, net are as follows:
| At April 3, 2021 |  | At December 31, 2020
Customers, trade | $ | 1,716,072 |  |  | 1,591,503 |
Income tax receivable | 105,840 |  |  | 112,580 |
Other | 78,371 |  |  | 89,092 |
| 1,900,283 |  |  | 1,793,175 |
Less: allowance for discounts, claims and doubtful accounts(1) | 86,425 |  |  | 83,682 |
Receivables, net | $ | 1,813,858 |  |  | 1,709,493 |
(1) The Company adopted the new standard, ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, on January 1, 2020 using a modified retrospective transition approach, with the cumulative impact being immaterial to the financial statements.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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