Receivables

3 Months Ended

Oct. 01, 2022

Receivables

Receivables

2. Receivables

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

	October 1,		July 2,
	2022		2022
	(Thousands)
Receivables	$	4,697,643	$	4,414,904
Allowance for Credit Losses		(106,623)		(113,902)

The Company had the following activity in the allowance for credit losses during the first quarters of fiscal 2023 and fiscal 2022:

	October 1,		October 2,
	2022		2021
	(Thousands)
Balance at beginning of the period	$	113,902	$	88,160
Credit Loss Provisions		1,442		4,174
Credit Loss Recoveries		(216)		(276)
Receivables Write Offs		(3,378)		(3,193)
Foreign Currency Effect and Other		(5,127)		(947)
Balance at end of the period	$	106,623	$	87,918