Receivables, net

3 Months Ended

Apr. 03, 2021

Receivables [Abstract]

Receivables, net

Receivables, net

Receivables, net are as follows:

	At April 3, 2021		At December 31, 2020
Customers, trade	$	1,716,072	1,591,503
Income tax receivable	105,840		112,580
Other	78,371		89,092
	1,900,283		1,793,175
Less: allowance for discounts, claims and doubtful accounts(1)	86,425		83,682
Receivables, net	$	1,813,858	1,709,493

(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.