XML 40 R29.htm IDEA: XBRL DOCUMENT v3.21.2
Credit Losses (Tables)
6 Months Ended
Jul. 04, 2021
Credit Loss [Abstract]  
Accounts Receivable, Allowance for Credit Loss The rollforward of our allowance for credit losses related to trade accounts receivable, which is recorded in trade accounts receivable, less allowance in the consolidated balance sheet, is as follows (in millions of dollars):
June Year to Date
20212020
Allowance for credit losses:
Beginning balance$9.8 $9.7 
Impact of adopting ASC 326— 0.3 
Current period provision(0.2)0.4 
Currency exchange effects0.1 (0.4)
Write-offs(0.8)(0.7)
Ending balance$8.9 $9.3 
Financing Receivable, Allowance for Credit Loss
The rollforward of our allowance for credit losses related to the long-term customer receivable, which is recorded in other assets in the consolidated balance sheet, is as follows (in millions of dollars):
June Year to Date
20212020
Allowance for credit losses:
Beginning balance$10.9 $1.0 
  Impact of adopting ASC 326— 0.7 
  Current period provision— — 
  Currency exchange effects— — 
Ending Balance$10.9 $1.7