Credit Losses

12 Months Ended

Dec. 29, 2024

Credit Loss [Abstract]

Credit Losses

3. Credit Losses

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
	2024		2023		2022
Allowance for credit losses:
Beginning balance	$	8.0	$	7.7	$	9.4
Current period provision	0.6		2.1		1.3
Currency exchange effects	(0.3)		0.3		(0.2)
Disposition of EMEA staffing operations	(2.4)		—		—
Write-offs	(1.0)		(2.1)		(2.8)
Ending balance	$	4.9	$	8.0	$	7.7

Write-offs are presented net of recoveries, which were not material for December year-to-date 2024, 2023 and 2022. As of year-end 2024, the Company has a receivable of $16.4 million related to the sale of our EMEA staffing operations (see Acquisitions and Dispositions footnote). The Company has determined that no credit loss provision is required on this receivable as it is considered collectible. There were no long-term customer receivables in 2024, 2023 and 2022. No allowances related to other receivables were material for December year-to-date 2024, 2023 and 2022.