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Accounts Receivable (Tables)

6 Months Ended

Jul. 01, 2023

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Text Block]

Accounts receivable, net, consists of the following:

(thousands)			July 1, 2023						December 31, 2022
Accounts receivable			$	11,142,164					$	12,416,114
Allowances for doubtful accounts			(106,266)						(93,397)
Accounts receivable, net			$	11,035,898					$	12,322,717

Accounts Receivable, Allowance for Credit Loss

Changes in the allowance for doubtful accounts consists of the following:

			Six Months Ended
(thousands)			July 1, 2023						July 2, 2022
Balance at beginning of period			$	93,397					$	75,901
Charged to income			21,256						20,189
Translation adjustments			541						(1,893)
Writeoffs			(8,928)						(6,297)
Balance at end of period			$	106,266					$	87,900

Transfer of Financial Assets Accounted for as Sales

Sales of accounts receivable to unaffiliated financial institutions under the EMEA asset securitization program:

			Quarter Ended												Six Months Ended
(thousands)			July 1, 2023						July 2, 2022						July 1, 2023						July 2, 2022
EMEA asset securitization, sales of accounts receivable			$	852,377					$	540,051					$	1,670,210					$	1,109,267

Schedule of Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities

Other amounts related to the EMEA asset securitization program:

(thousands)						July 1, 2023						December 31, 2022
Receivables sold to unaffiliated financial institutions that were uncollected						$	646,988					$	628,930
Collateralized accounts receivable held by Arrow EMEA funding Corp B.V.						990,910						932,243

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

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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
-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

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- Definition

Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121570589&loc=d3e107207-111719

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- Definition

Tabular disclosure of derecognized financial assets from transactions which comprise an initial transfer and an agreement entered into in contemplation of the initial transfer resulting in retention of substantially all of the exposure to the economic return throughout the term of the transaction.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4D
-URI https://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719

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