Receivables

6 Months Ended

Jan. 02, 2021

Receivables

Receivables

4. Receivables

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

	January 2,		June 27,
	2021		2020
	(Thousands)
Receivables	$	3,190,767	$	2,993,404
Allowance for Credit Losses		(85,450)		(65,018)

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

	January 2,
	2021
	(Thousands)
Balance at June 27, 2020	$	65,018
Effect of adoption of ASU No. 2016-12 (Note 1)		17,205
Credit Loss Provision		4,438
Credit Loss Recoveries		(283)
Write offs		(4,621)
Foreign Currency Effect and Other		3,693
Balance at January 2, 2021	$	85,450