Accounts Payable, Accrued and Other Liabilities

6 Months Ended

Jun. 30, 2026

Accounts Payable, Accrued Expenses and Other Liabilities

14.

Accounts Payable, Accrued Expenses and Other Liabilities

Accounts payable, accrued expenses and other liabilities consist of the following:


	June 30,		December 31,
	2026		2025
Accounts payable	$	775.9	$	732.4
Accrued marketing and promotion costs		194.7		221.4
Accrued wages and related benefit costs		84.3		145.7
Other accrued current liabilities		217.5		394.8
Total	$	1,272.4	$	1,494.3

In 2015, the Company initiated a Supply Chain Finance program (“SCF Program”). Under the SCF Program, qualifying suppliers may elect to sell their receivables from the Company for early payment. Participating suppliers negotiate their receivables sales arrangements directly with a third party. The Company is not a party to those agreements and does not have an economic interest in the suppliers' decisions to sell their receivables and has not been required to pledge any assets as security nor to provide any guarantee to third-party finance providers or intermediaries. The SCF Program may allow suppliers to obtain more favorable terms than they could secure on their own. The terms of the Company's payment obligations are not impacted by a supplier’s participation in the SCF Program. The Company's payment terms with suppliers are consistent between suppliers that elect to participate in the SCF Program and those that do not participate. As a result, the SCF Program does not have an impact to the Company's average days outstanding.

As of June 30, 2026 and December 31, 2025, the obligations outstanding related to the SCF Program amounted to $111.9 and $84.7, respectively, and were recorded within Accounts Payable in the Condensed Consolidated Balance Sheets. Payments included in operating activities within the Company's Condensed Consolidated Statements of Cash Flows amounted to $216.6 and $215.6 as of June 30, 2026 and 2025, respectively.