Supplemental Cash Flow Information |
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| Supplemental Cash Flow Information | 16. Supplemental Cash Flow Information Income taxes paid in cash were as follows:
Interest paid in cash for the six months ended June 30, 2026 and 2025 was $173 million and $178 million, respectively. The Company uses various factoring programs to sell certain trade receivables to financial institutions as part of managing its cash flows. Sales of trade receivables are accounted for in accordance with ASC Topic 860, Transfers and Servicing. Trade receivables sold under the factoring programs are transferred without recourse to the Company and accounted for as true sales and, therefore, are excluded from Trade receivables, net in the Condensed Consolidated Balance Sheets. At June 30, 2026, December 31, 2025 and June 30, 2025, the total amount of trade receivables sold by the Company was $496 million, $531 million, and $544 million, respectively. These amounts included $192 million, $159 million and $201 million at June 30, 2026, December 31, 2025, and June 30, 2025, respectively, for trade receivable amounts factored under supply-chain financing programs linked to commercial arrangements with key customers. The Company is the master servicer for the factoring programs that are not associated with key customers and is responsible for administering and collecting receivables. The Company’s use of its accounts receivable factoring programs resulted in an increase to cash utilized in operating activities of approximately $35 million and a decrease of $9 million for the six months ended June 30, 2026 and June 30, 2025, respectively. For the six months ended June 30, 2026 and 2025, the Company recorded expenses related to these factoring programs of approximately $8 million and $9 million, respectively. In addition, the Company has agreements with third-party administrators that allow participating vendors to track the Company’s payments and, if voluntarily elected by the vendor, to sell payment obligations from the Company to financial institutions as part of a Supply Chain Financing (“SCF”) Program. The Company’s outstanding obligations under the SCF Program are as follows:
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