XML 22 R11.htm IDEA: XBRL DOCUMENT v3.20.2
Receivables
3 Months Ended
Oct. 03, 2020
Receivables  
Receivables

4. Receivables

The Company’s receivables and allowance for credit losses were as follows:

October 3,

June 27,

2020

2020

(In thousands)

Receivables

$

3,046,058

$

2,993,404

Allowance for Credit Losses

(81,527)

(65,018)

The Company had the following activity in the allowance for credit losses during the first quarter of fiscal 2021:

October 3,

2020

(In thousands)

Balance at June 27, 2020

$

65,018

Effect of adoption of ASU No. 2016-12 (Note 1)

17,205

Credit Loss Provision

1,786

Credit Loss Recoveries

(126)

Write offs

(4,023)

Foreign Currency Effect and Other

1,667

Balance at October 3, 2020

$

81,527