Receivables

9 Months Ended

Apr. 03, 2021

Receivables

Receivables

4. Receivables

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

	April 3,		June 27,
	2021		2020
	(Thousands)
Receivables	$	3,451,466	$	2,993,404
Allowance for Credit Losses		(85,789)		(65,018)

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

	April 3,
	2021
	(Thousands)
Balance at June 27, 2020	$	65,018
Effect of adoption of new credit loss accounting standard (Note 1)		17,205
Credit Loss Provisions		7,370
Credit Loss Recoveries		(192)
Receivables Write offs		(5,666)
Foreign Currency Effect and Other		2,054
Balance at April 3, 2021	$	85,789