XML 32 R21.htm IDEA: XBRL DOCUMENT v3.22.2
RECEIVABLES, NET
 6 Months Ended
Jul. 02, 2022
Receivables [Abstract]  
RECEIVABLES, NET
RECEIVABLES, NET 

The following table summarizes our receivables and associated allowance for credit losses.
July 2,
2022		December 31,
2021
Trade accounts receivable$595.5 $530.4 
Notes receivable13.0 19.2 
Other13.6 17.5 
Receivables, gross622.1 567.1 
Less: Allowance for credit losses - receivables(a)
(16.4)(12.0)
Receivables, net$605.7 $555.1 
The following table displays our allowance for credit losses for receivables and contract assets.
July 2,
2022		December 31,
2021
Allowance for credit losses - receivables(a)
$16.4 $12.0 
Allowance for credit losses - contract assets0.5 0.5 
Total allowance for credit losses$16.9 $12.5 
The following table displays a rollforward of our total allowance for credit losses.
July 2,
2022		July 3,
2021
Total allowance for credit losses - January 1 $12.5 $15.6 
Charges (recoveries) to income(a)
4.7 (1.7)
Write-offs(0.4)(0.7)
Foreign currency and other0.1 0.1 
Total allowance for credit losses - ending balance$16.9 $13.3 
(a)    During the six months ended July 2, 2022, we recognized bad debt expense of $1.9 to reflect the current macroeconomic conditions impacting some of our customers in light of the Russia-Ukraine conflict. See Note 1, Description of Business and Basis of Presentation, for further information.