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Accounts Receivable (Tables)
9 Months Ended
Sep. 28, 2024
Accounts Receivable  
Schedule of accounts receivable, net

September 28,

December 31,

(thousands)

    

2024

    

2023

Accounts receivable

$

11,829,666

$

12,384,553

Allowance for credit losses

 

(103,065)

 

(146,480)

Accounts receivable, net

$

11,726,601

$

12,238,073

Schedule of changes in the allowance for credit losses

Nine Months Ended

September 28,

September 30,

(thousands)

    

2024

    

2023

Balance at beginning of period

$

146,480

$

93,397

(Credited) charged to income

 

(16,866)

 

64,701

Translation adjustments

 

(102)

 

(575)

Write-offs

 

(26,447)

 

(13,579)

Balance at end of period

$

103,065

$

143,944

Schedule of sales of accounts receivable to unaffiliated financial institutions under the EMEA asset securitization program

Quarter Ended

Nine Months Ended

September 28,

September 30,

September 28,

September 30,

(thousands)

    

2024

    

2023

    

2024

    

2023

EMEA asset securitization, sales of accounts receivable

$

437,052

$

815,812

$

1,454,711

$

2,486,022

Schedule of other amounts related to the EMEA asset securitization program

September 28,

December 31,

(thousands)

    

2024

    

2023

Receivables sold to unaffiliated financial institutions that were uncollected

$

348,324

$

529,266

Collateralized accounts receivable held by Arrow EMEA funding Corp B.V.

 

618,086

 

805,788

Schedule of sales of trade accounts receivable under factoring programs

Quarter Ended

Nine Months Ended

September 28,

September 30,

September 28,

September 30,

(thousands)

    

2024

    

2023

    

2024

    

2023

Sales of accounts receivable under the factoring programs

$

238,388

$

341,096

$

686,309

$

1,141,533

Schedule of other amounts under factoring programs

September 28,

December 31,

(thousands)

2024

2023

Receivables sold under the factoring programs that were uncollected

$

183,210

$

375,940