Credit Losses

3 Months Ended

Apr. 02, 2023

Credit Loss [Abstract]

Credit Losses

Credit Losses

The rollforward of our 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):

	First Quarter
	2023		2022
Allowance for credit losses:
Beginning balance	$	7.7	$	9.4
Current period provision	0.8		0.4
Currency exchange effects	0.1		(0.1)
Write-offs	(0.8)		(1.2)
Ending balance	$	7.8	$	8.5

Write-offs are presented net of recoveries, which were not material for first quarter-end 2023 or 2022. No other allowances related to other receivables were material as of first quarter-end 2023 or year-end 2022.