v3.25.2
ACCOUNTS AND NOTES RECEIVABLE, NET (Tables)
 6 Months Ended
Jun. 28, 2025
Receivables [Abstract]  
Schedule of Accounts and Notes Receivable
(Millions of Dollars)June 28, 2025December 28, 2024
Trade accounts receivable$1,320.9 $950.4 
Notes receivable92.1 65.9 
Other accounts receivable211.9 222.1 
Accounts and notes receivable$1,624.9 $1,238.4 
Allowance for credit losses(82.5)(84.7)
Accounts and notes receivable, net$1,542.4 $1,153.7 
Schedule of Changes in Allowance for Credit Losses
The changes in the allowance for credit losses for the six months ended June 28, 2025 and June 29, 2024 are as follows:
Second QuarterYear-to-Date
(Millions of Dollars)2025202420252024
Beginning balance$91.1 $74.9 $84.7 $76.6 
Charged to costs and expenses2.72.817.22.6
Other, including recoveries and deductions (a)(11.3)(5.7)(19.4)(7.2)
Balance end of period$82.5 $72.0 $82.5 $72.0 
(a) Amounts represent charge-offs less recoveries, the impacts of foreign currency translation, divestitures and net transfers to/from other accounts.