XML 44 R30.htm IDEA: XBRL DOCUMENT v3.22.2
Receivables and Russian-Ukraine conflict related expenses (Tables)
12 Months Ended
Jul. 02, 2022
Receivables and Russian-Ukraine conflict related expenses  
Schedule of receivables and allowance for credit losses

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

July 2,

July 3,

2022

2021

(Thousands)

Receivables

$

4,414,904

$

3,664,290

Allowance for Credit Losses

(113,902)

(88,160)

The Company had the following activity in the allowance for credit losses during fiscal 2022:

July 2,

July 3,

2022

2021

(Thousands)

Balance at beginning of the period

$

88,160

$

65,018

Effect of adopting credit loss accounting standard

17,205

Credit Loss Provisions

31,489

18,429

Russian-Ukraine conflict Credit Loss Provisions

17,202

Credit Loss Recoveries

(702)

(2,587)

Receivables Write offs

(15,233)

(6,240)

Foreign Currency Effect and Other

(7,014)

(3,665)

Balance at end of the period

$

113,902

$

88,160