v3.25.2
Credit Losses
 6 Months Ended
Jun. 29, 2025
Credit Loss [Abstract]  
Credit Losses
3. Credit Losses
The rollforward of the Company's allowance for credit losses related to trade accounts receivable, which is recorded in trade accounts receivable, less allowance in the consolidated balance sheet, is as follows (in millions of dollars):
June Year-to-Date
20252024
Allowance for credit losses:
Beginning balance$4.9 $8.0 
Current period provision2.7 0.4 
Currency exchange effects0.1 (0.2)
Disposition of EMEA staffing operations— (2.4)
Write-offs(0.3)(0.6)
Ending balance$7.4 $5.2 

Write-offs are presented net of recoveries, which were not material for second quarter-end 2025 or 2024. As of second quarter-end 2024, the Company had a receivable of $16.8 million related to the sale of the EMEA staffing operations (see Acquisitions and Disposition footnote). The Company determined that no credit loss provision was required on this receivable as it was considered collectible; it was subsequently settled in the second quarter of 2025. No other allowances related to other receivables were material as of second quarter-end 2025 or 2024.