Receivables

12 Months Ended

Jul. 03, 2021

Receivables

Receivables

5. Receivable

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

	July 3,		June 27,
	2021		2020
	(Thousands)
Receivables	$	3,664,290	$	2,993,404
Allowance for Credit Losses		(88,160)		(65,018)

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

	July 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		18,429
Credit Loss Recoveries		(2,587)
Receivables Write offs		(6,240)
Foreign Currency Effect and Other		(3,665)
Balance at July 3, 2021	$	88,160