ACCOUNTS AND NOTES RECEIVABLE, NET (Tables)

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

(Millions of Dollars)	September 30, 2023		December 31, 2022
Trade accounts receivable	$	1,515.5	$	1,142.0
Trade notes receivable	96.4		100.1
Other accounts receivable	99.8		95.5
Gross accounts and notes receivable	$	1,711.7	$	1,337.6
Allowance for credit losses	(88.4)		(106.6)
Accounts and notes receivable, net	$	1,623.3	$	1,231.0

Accounts Receivable, Allowance for Credit Loss

The changes in the allowance for credit losses for the three and nine months ended September 30, 2023 and October 1, 2022 are as follows:

	Third Quarter				Year-to-Date
(Millions of Dollars)	2023		2022		2023		2022
Beginning balance	$	88.0	$	102.2	$	106.6	$	95.9
Charged to costs and expenses	2.5		0.8		7.5		15.2
Other, including recoveries and deductions (a)	(2.1)		5.0		(25.7)		(3.1)
Balance end of period	$	88.4	$	108.0	$	88.4	$	108.0

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