ACCOUNTS AND NOTES RECEIVABLE, NET (Tables)

6 Months Ended

Jul. 04, 2026

Schedule of Accounts and Notes Receivable


(Millions of Dollars)	July 4, 2026		January 3, 2026
Trade accounts receivable	$	1,279.0	$	775.0
Notes receivable	77.9		68.0
Other accounts receivable	191.3		145.3
Accounts and notes receivable	$	1,548.2	$	988.3
Allowance for credit losses	(77.2)		(68.6)
Accounts and notes receivable, net	$	1,471.0	$	919.7

Schedule of Changes in Allowance for Credit Losses

The changes in the allowance for credit losses for the three and six months ended July 4, 2026 and June 28, 2025 are as follows:


	Second Quarter				Year-to-Date
(Millions of Dollars)	2026		2025		2026		2025
Beginning balance	$	74.9	$	91.1	$	68.6	$	84.7
Charged to costs and expenses	3.8		2.7		10.1		17.2
Other, including recoveries and deductions (a)	(1.5)		(11.3)		(1.5)		(19.4)
Balance end of period	$	77.2	$	82.5	$	77.2	$	82.5

(a) Amounts represent charge-offs less recoveries, the impacts of foreign currency translation, divestitures and net transfers to/from other accounts.