Accounts Receivable (Tables)

9 Months Ended

Oct. 01, 2022

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Text Block]

Accounts receivable, net, consists of the following:

(thousands)	October 1, 2022		December 31, 2021
Accounts receivable	$	11,307,836	$	11,199,847
Allowances for doubtful accounts	(89,225)		(75,901)
Accounts receivable, net	$	11,218,611	$	11,123,946

Accounts Receivable, Allowance for Credit Loss

Changes in the allowance for doubtful accounts consists of the following:

	Nine Months Ended
(thousands)	October 1, 2022		October 2, 2021
Balance at beginning of period	$	75,901	$	92,792
Charged to income	26,869		5,760
Translation adjustments	(3,660)		(1,164)
Writeoffs	(9,885)		(19,173)
Balance at end of period	$	89,225	$	78,215

Transfer of Financial Assets Accounted for as Sales

Sales of accounts receivables to unaffiliated financial institutions under the EMEA asset securitization program:

	Quarter Ended				Nine Months Ended
(thousands)	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
EMEA asset securitization, sales of accounts receivables	$	834,456	$	546,125	$	1,943,723	$	1,608,388

Schedule of Fair Value Assumption, Date of Securitization or Asset-backed Financing Arrangement, Transferor's Continuing Involvement, Servicing Assets or Liabilities

Other amounts related to the EMEA asset securitization program:

(thousands)	October 1, 2022		December 31, 2021
Receivables sold to unaffiliated financial institutions that were uncollected	$	586,132	$	453,292
Collateralized accounts receivable held by Arrow EMEA funding Corp B.V.	916,516		745,965