Receivables

3 Months Ended

Oct. 02, 2021

Receivables

Receivables

2. Receivables

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

	October 2,		July 3,
	2021		2021
	(Thousands)
Receivables	$	3,808,214	$	3,664,290
Allowance for Credit Losses		(87,918)		(88,160)

The Company had the following activity in the allowance for credit losses during the first quarters of fiscal 2022 and 2021:

	October 2,		October 3,
	2021		2020
	(Thousands)
Balance at beginning of the period	$	88,160	$	65,018
Effect of adopting credit loss accounting standard		—		17,205
Credit Loss Provisions		4,174		1,786
Credit Loss Recoveries		(276)		(126)
Receivables Write offs		(3,193)		(4,023)
Foreign Currency Effect and Other		(947)		1,667
Balance at end of the period	$	87,918	$	81,527