Allowance for Credit Losses (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Oct. 01, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rllforward of Trade Receivable Allowance for Credit Losses | The table below presents a rollforward of our trade receivable allowance for credit losses for the nine months ended October 1, 2021 and September 25, 2020 (U.S. dollars in millions):
(1) Beginning balance related to the nine months ended September 25, 2020 includes $1.0 million increase reflecting the impact of our adoption of ASC 326 on the first day of fiscal 2020. (2) $2.6 million reclassification to the long-term allowance for credit losses, presented in other noncurrent assets on our Consolidated Balance Sheets, from short-term during the nine months ended October 1, 2021. The amount in the long-term allowance for credit losses related to customer trade receivables as of October 1, 2021 is not material to our Consolidated Financial Statements.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing receivables including the related allowance for doubtful accounts | The following table details the advances to growers and suppliers based on their credit risk profile (U.S. dollars in millions):
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for doubtful accounts and related financing receivables | The allowance for advances to growers and suppliers and the related financing receivables for the nine months ended October 1, 2021 and September 25, 2020 were as follows (U.S. dollars in millions):
(1) Beginning balance related to the nine months ended September 25, 2020 includes $0.2 million increase reflecting the impact of our adoption of ASC 326 on the first day of fiscal 2020.
|