TRADE ACCOUNTS AND OTHER RECEIVABLES

6 Months Ended

Jun. 26, 2022

Accounts Receivable, after Allowance for Credit Loss [Abstract]

TRADE ACCOUNTS AND OTHER RECEIVABLES

TRADE ACCOUNTS AND OTHER RECEIVABLES

Trade accounts and other receivables, less allowance for credit losses, consisted of the following:

	June 26, 2022		December 26, 2021
	(In thousands)
Trade accounts receivable	$	1,120,031	$	947,697
Notes receivable	13,456		18,697
Other receivables	60,454		56,716
Receivables, gross	1,193,941		1,023,110
Allowance for credit losses	(9,716)		(9,673)
Receivables, net	$	1,184,225	$	1,013,437
Accounts receivable from related parties(a)	$	1,696	$	1,345

(a)    Additional information regarding accounts receivable from related parties is included in “Note 16. Related Party Transactions.”

Activity in the allowance for credit losses was as follows:

	Six Months Ended
	June 26, 2022
	(In thousands)
Balance, beginning of period	$	(9,673)
Provision charged to operating results	(638)
Account write-offs and recoveries	534
Effect of exchange rate	61
Balance, end of period	$	(9,716)