Receivables, net

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Receivables, net

Receivables, net

	December 31, 2020		December 31, 2019
Customers, trade	$	1,591,503	1,491,592
Income tax receivable	112,580		8,428
Other	89,092		88,520
	1,793,175		1,588,540
Less: allowance for discounts, returns, claims and doubtful accounts(1)	83,682		61,921
Receivables, net	$	1,709,493	1,526,619

(1) The Company adopted the new standard, ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, on January 1, 2020 using a modified retrospective transition approach, with the cumulative impact being immaterial to the financial statements.

The following table reflects the activity of allowances for discounts, returns, claims and doubtful accounts for the years ended December 31:

	Balance at beginning of year		Acquisitions	Additions charged to net sales or costs and expenses	Deductions(1)	Balance at end of year
2018	$	86,103	4,240	317,716	333,341	74,718
2019	74,718		382	387,253	400,432	61,921
2020	61,921		—	384,403	362,642	83,682

(1) Represents charge-offs, net of recoveries.