v3.26.1
Other Financial Information
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Financial Information Other Financial Information
SELECTED BALANCE SHEET INFORMATION
(in millions)June 30, 2026December 31, 2025
Raw materials$1,491 $706 
Work-in-process246 8 
Finished goods2,120 1,019 
Total inventories$3,857 $1,733 
Prepaid expenses$798 $334 
Other current assets830 484 
Total prepaid expenses and other current assets$1,628 $818 
Supplier Financing Arrangements
The following table summarizes the location of our outstanding obligations under supplier financing arrangements, which are confirmed as valid, within the unaudited Condensed Consolidated Balance Sheets:
(in millions)June 30, 2026December 31, 2025
Accounts payable$1,779 $1,378 
Structured payables(1)
320 — 
Total outstanding obligations under supplier financing arrangements$2,099 $1,378 
(1)As a result of the JDE Peet’s Acquisition, we have certain commercial arrangements with suppliers that include explicitly stated interest rates, which are more representative of financing transactions and are therefore classified as structured payables. Some of these suppliers participate in supplier financing arrangements, which are reflected in this table. The remainder of structured payables relate to suppliers not participating in supplier financing arrangements, or amounts owed to a virtual credit card sponsor.
Mandatory Redemption Liability
The fair value of our mandatory redemption liability associated with GHOST was $898 million and $880 million as of June 30, 2026 and December 31, 2025, respectively, and is included within Other non-current liabilities within the unaudited Condensed Consolidated Balance Sheets.