SUPPLIER FINANCE PROGRAM OBLIGATIONS |
6 Months Ended |
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Jun. 30, 2025 | |
Payables and Accruals [Abstract] | |
SUPPLIER FINANCE PROGRAM OBLIGATIONS | SUPPLIER FINANCE PROGRAM OBLIGATIONS We facilitate a supply chain finance program (“SCF”) that is administered by a third-party financial institution, which allows qualifying suppliers to sell their receivables from the Company to the SCF bank. These participating suppliers negotiate their outstanding receivable(s) directly with the SCF bank. We are not a party to those agreements, and the terms of our payment obligations are not impacted by a supplier’s participation in the SCF. We agree to pay the SCF bank based on the original invoice amounts and maturity dates as consistent with our accounts payables. All outstanding amounts related to suppliers participating in the SCF are recorded within accounts payable, trade in our condensed consolidated balance sheets, and the associated payments are included in operating activities within our condensed consolidated statements of cash flows. As of June 30, 2025 and December 31, 2024, the amounts due to suppliers participating in the SCF were $124.8 million and $121.2 million, respectively.
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