TRADE ACCOUNTS AND OTHER RECEIVABLES (Tables)

9 Months Ended

Sep. 29, 2024

Accounts Receivable, after Allowance for Credit Loss [Abstract]

Schedule of Trade Accounts and Other Receivables

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

	September 29, 2024		December 31, 2023
	(In thousands)
Trade accounts receivable	$	1,034,901	$	1,027,916
Notes receivable from third parties	9,231		51,168
Other receivables	31,275		59,435
Receivables, gross	1,075,407		1,138,519
Allowance for credit losses	(7,757)		(9,341)
Receivables, net	$	1,067,650	$	1,129,178
Accounts receivable from related parties(a)	$	1,964	$	1,778

(a)    Additional information regarding accounts receivable from related parties is included in “Note 17. Related Party Transactions.”

Activity in the allowance for credit losses was as follows:

	Nine Months Ended
	September 29, 2024
	(In thousands)
Balance, beginning of period	$	(9,341)
Provision released to operating results	1,010
Account write-offs and recoveries	46
Effect of exchange rate	528
Balance, end of period	$	(7,757)