v3.25.1
ACCOUNTS AND NOTES RECEIVABLE, NET (Tables)
 3 Months Ended
Mar. 29, 2025
Receivables [Abstract]  
Schedule of Accounts and Notes Receivable
(Millions of Dollars)March 29, 2025December 28, 2024
Trade accounts receivable$1,358.9 $950.4 
Notes receivable82.5 65.9 
Other accounts receivable215.7 222.1 
Accounts and notes receivable$1,657.1 $1,238.4 
Allowance for credit losses(91.1)(84.7)
Accounts and notes receivable, net$1,566.0 $1,153.7 
Schedule of Changes in Allowance for Credit Losses
The changes in the allowance for credit losses for the three months ended March 29, 2025 and March 30, 2024 are as follows:
Year-to-Date
(Millions of Dollars)20252024
Beginning balance$84.7 $76.6 
Charged to costs and expenses14.5(0.2)
Other, including recoveries and deductions (a)(8.1)(1.5)
Balance end of period$91.1 $74.9 
(a) Amounts represent charge-offs less recoveries, the impacts of foreign currency translation, divestitures and net transfers to/from other accounts.