Credit Losses (Tables)

12 Months Ended

Jan. 02, 2022

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):

	December Year to Date
	2021		2020
Allowance for credit losses:
Beginning balance	$	9.8	$	9.7
Impact of adopting ASC 326	—		0.3
Current period provision	1.3		2.0
Currency exchange effects	(0.5)		0.1
Write-offs	(1.2)		(2.3)
Ending balance	$	9.4	$	9.8

Financing Receivable, Allowance for Credit Loss

The rollforward of our allowance for credit losses related to the long-term customer receivable, which was recorded in other assets in the consolidated balance sheet, is as follows (in millions of dollars):

	December Year to Date
	2021		2020
Allowance for credit losses:
Beginning balance	$	10.9	$	1.0
Impact of adopting ASC 326	—		0.7
Current period provision	0.6		9.5
Currency exchange effects	—		(0.3)
Write-offs	(11.5)		—
Ending Balance	$	—	$	10.9