v3.26.1
Sales of Accounts Receivable
6 Months Ended
Jun. 27, 2026
Receivables [Abstract]  
Sales of Accounts Receivable Sales of Accounts Receivable
We have entered into several customer-sponsored programs administered by unrelated financial institutions that permit us to sell (factor) certain accounts receivable at discounted rates to the financial institutions. Transactions under these agreements were accounted for as sales of accounts receivable, and the related accounts receivable were removed from our Condensed Consolidated Balance Sheets when sold. Sales of accounts receivable under these agreements, and associated factoring costs, which were included in selling, general, and administrative expenses, were as follows:
Three Months EndedSix Months Ended
(in thousands)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Sales of accounts receivable$280,272 $354,904 $585,419 $689,074 
Factoring costs12,467 14,566 25,175 29,154