XML 45 R28.htm IDEA: XBRL DOCUMENT v3.22.4
Accounts Receivable (Tables)
12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Text Block]
Accounts receivable, net, consists of the following at December 31:
 (thousands)20222021
Accounts receivable$12,416,114 $11,199,847 
Allowances for doubtful accounts(93,397)(75,901)
Accounts receivable, net$12,322,717 $11,123,946 
Accounts Receivable, Allowance for Credit Loss
Allowances for doubtful accounts consists of the following at December 31:
(thousands)
20222021
Balance at beginning of period$75,901 $92,792 
Charged to income34,590 7,039 
Translation Adjustments(1,476)(1,963)
Write-offs(15,618)(21,967)
Balance at end of period$93,397 $75,901 

The company monitors the current credit condition of its customers in estimating the expected credit losses and has not experienced significant changes in customers’ payment trends or significant deterioration in customers’ credit risk as of December 31, 2022.
Transfer of Financial Assets Accounted for as Sales
Sales of accounts receivables to unaffiliated financial institutions under the EMEA asset securitization program for the years ended December 31:
(thousands)20222021
EMEA asset securitization, sales of accounts receivables$2,524,276 $2,193,983 
Other amounts related to the EMEA asset securitization program as of December 31:
(thousands)20222021
Receivables sold to unaffiliated financial institutions that were uncollected$628,930 $453,292 
Collateralized accounts receivable held by Arrow EMEA funding Corp B.V.932,243 745,965