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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 26, 2020
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

Recently Issued Accounting Standards Not Yet Adopted
Standard
 
Description
 
Effective Date
 
Effect on the Financial Statements or Other Significant Matters
ASU 2018-14: Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans
 
This guidance amends ASC 715 to add, remove, and clarify disclosure requirements related to defined benefit pension and other post-retirement plans.
 
December 31, 2020
 
Upon adoption, we will no longer be required to disclose the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year. We will be required to disclose an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period, if applicable.

ASU 2019-12: Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes
 
This guidance enhances and simplifies various aspects of the income tax accounting guidance in ASC 740.
 
January 1, 2021
 
Upon adoption, we do not expect a material impact on the Consolidated Financial Statements.

Allowance for Credit Losses
The following table presents the allowance for credit losses activity (in millions):
 
Three Months Ended
 
Nine Months Ended
 
September 26,
2020
 
September 26,
2020
Beginning balance
$
6.2

 
$
6.7

Provision for credit losses, net
0.6

 
1.5

Receivables written-off
(0.7
)
 
(1.7
)
Recoveries collected

 

Currency translation adjustment
0.2

 
(0.2
)
Ending balance
$
6.3

 
$
6.3