ACCOUNTS AND NOTES RECEIVABLE, NET (Tables)

3 Months Ended

Apr. 02, 2022

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

(Millions of Dollars)	April 2, 2022		January 1, 2022
Trade accounts receivable	$	1,773.1	$	1,398.2
Trade notes receivable	71.6		75.3
Other accounts receivable	105.1		104.1
Gross accounts and notes receivable	$	1,949.8	$	1,577.6
Allowance for credit losses	(107.8)		(95.9)
Accounts and notes receivable, net	$	1,842.0	$	1,481.7

Accounts Receivable, Allowance for Credit Loss

The changes in the allowance for credit losses for the three months ended April 2, 2022 and April 3, 2021 are as follows:

(Millions of Dollars)	April 2, 2022		April 3, 2021
Beginning Balance	$	95.9	106.2
Charged To Costs and Expenses	11.1		2.2
Other, including recoveries and deductions (a)	0.8		0.9
Balance end of period	$	107.8	109.3

(a) Amounts represent charge-offs less recoveries, the impacts of foreign currency translation, acquisitions and net transfers to/from other accounts.