
NOTE 19 — SUPPLIER FINANCE PROGRAMS

Certain financial institutions offer voluntary supplier finance programs facilitated through a third-party platform that provide participating suppliers the option to finance valid payment obligations from the Company. The Company is not a party to agreements negotiated between participating suppliers and third-party financial institutions. The Company's obligations to its suppliers, including amounts due and payment terms, are not affected by a supplier's decision to participate in these programs and the Company does not provide guarantees to third parties in connection with these programs.

The Company’s obligations confirmed under the voluntary supplier finance programs are included within Accounts payable on the Consolidated Balance Sheets. As of May 31, 2026, 2025 and 2024, the Company had approximately $1.1 billion, $1.1 billion and $0.8 billion, respectively, of confirmed outstanding supplier obligations. During fiscal 2026 and 2025, the Company confirmed invoices of approximately $11.5 billion and $11.8 billion, respectively, and paid confirmed invoices of approximately $11.5 billion and $11.5 billion, respectively.