XML 37 R26.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Accounts Receivable (Tables)
6 Months Ended
Jun. 29, 2024
Accounts Receivable  
Schedule of accounts receivable, net

June 29,

December 31,

(thousands)

    

2024

    

2023

Accounts receivable

$

11,004,433

$

12,384,553

Allowance for credit losses

 

(117,932)

 

(146,480)

Accounts receivable, net

$

10,886,501

$

12,238,073

Schedule of changes in the allowance for credit losses

Six Months Ended

June 29,

July 1,

(thousands)

    

2024

    

2023

Balance at beginning of period

$

146,480

$

93,397

Charged to income

 

(12,204)

 

21,256

Translation adjustments

 

(1,331)

 

541

Write-offs

 

(15,013)

 

(8,928)

Balance at end of period

$

117,932

$

106,266

Schedule of sales of accounts receivable to unaffiliated financial institutions under the EMEA asset securitization program

Quarter Ended

Six Months Ended

June 29,

July 1,

June 29,

July 1,

(thousands)

    

2024

    

2023

    

2024

    

2023

EMEA asset securitization, sales of accounts receivable

$

477,779

$

852,377

$

1,017,659

$

1,670,210

Schedule of other amounts related to the EMEA asset securitization program

June 29,

December 31,

(thousands)

    

2024

    

2023

Receivables sold to unaffiliated financial institutions that were uncollected

$

380,694

$

529,266

Collateralized accounts receivable held by Arrow EMEA funding Corp B.V.

 

663,017

 

805,788

Schedule of sales of trade accounts receivable under factoring programs

Quarter Ended

Six Months Ended

June 29,

July 1,

June 29,

July 1,

(thousands)

2024

    

2023

2024

2023

Sales of accounts receivable under the factoring programs

$

239,361

$

418,160

$

447,921

$

800,438

Schedule of other amounts under factoring programs

June 29,

December 31,

(thousands)

2024

2023

Receivables sold under the factoring programs that were uncollected

$

216,653

$

375,940