ACCOUNTS AND NOTES RECEIVABLE, NET (Tables)

3 Months Ended

Apr. 01, 2023

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

(Millions of Dollars)	April 1, 2023		December 31, 2022
Trade accounts receivable	$	1,523.8	$	1,142.0
Trade notes receivable	92.4		100.1
Other accounts receivable	97.5		95.5
Gross accounts and notes receivable	$	1,713.7	$	1,337.6
Allowance for credit losses	(105.8)		(106.6)
Accounts and notes receivable, net	$	1,607.9	$	1,231.0

Accounts Receivable, Allowance for Credit Loss

The changes in the allowance for credit losses for the three months ended April 1, 2023 and April 2, 2022 are as follows:

	Year-to-Date
(Millions of Dollars)	2023		2022
Beginning balance	$	106.6	$	95.9
Charged to costs and expenses	2.1		11.1
Other, including recoveries and deductions (a)	(2.9)		0.8
Balance end of period	$	105.8	$	107.8

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