Receivables

6 Months Ended

Dec. 31, 2022

Receivables

Receivables

2. Receivables

The Company’s receivables and allowance for credit losses were as follows:

	December 31,		July 2,
	2022		2022
	(Thousands)
Receivables	$	4,895,907	$	4,414,904
Allowance for Credit Losses		(106,505)		(113,902)

The Company had the following activity in the allowance for credit losses during the first six months of fiscal 2023 and fiscal 2022:

	December 31,		January 1,
	2022		2022
	(Thousands)
Balance at beginning of the period	$	113,902	$	88,160
Credit Loss Provisions		4,803		8,391
Credit Loss Recoveries		(456)		(321)
Receivables Write Offs		(12,476)		(4,930)
Foreign Currency Effect and Other		732		(1,726)
Balance at end of the period	$	106,505	$	89,574