The Company has agreements with financial institutions, primarily in the U.S., that allow its suppliers to sell their receivables to the financial institution at the sole discretion of both the supplier and the financial institution on terms that are negotiated between them. The Company may not always be notified when its suppliers sell receivables under this program.

The Company's obligations to its suppliers, including the amounts due and scheduled payment dates, are not impacted by the suppliers' decisions to sell their receivables under the program. The payment terms that the Company has with participating suppliers under these programs are generally up to 120 days. The changes in the supplier financing program as of June 30, 2025 and December 31, 2024 were as follows:


In millions	June 30, 2025	December 31, 2024
Balance outstanding at beginning of period	$272.8	$246.0
Invoices confirmed during period	577.4	1,026.2
Confirmed invoices paid during period	(520.4)	(999.4)
Balance outstanding at end of period	$329.8	$272.8

Amounts due to suppliers participating in the supplier financing program are presented within Accounts payable in the Condensed Consolidated Balance Sheet.