Supplementary Information

9 Months Ended

Sep. 30, 2024

12. Supplementary Information

Accounts Receivable, Net

Accounts receivable, net as of September 30, 2024 and December 31, 2023 were as follows:


	As of September 30, 2024		As of December 31, 2023
Accounts receivable - trade	$	1,016	$	1,145
Accounts receivable - other	172		$	154
Allowance for credit losses	(15)		$	(20)
Total accounts receivable, net	$	1,173	$	1,279

There were no significant contract assets or contract liabilities associated with our customers as of September 30, 2024 or December 31, 2023. Liabilities for volume discounts and incentives were also not significant as of September 30, 2024 or December 31, 2023.

Inventories

Inventories as of September 30, 2024 and December 31, 2023 were as follows:


	As of September 30, 2024		As of December 31, 2023
Finished and in process	$	797	$	926
Raw materials	355		434
Manufacturing supplies	82		90
Total inventories	$	1,234	$	1,450

Property, Plant and Equipment, Net

During the three months ended September 30, 2024, we announced the intent to close certain manufacturing operations in the United Kingdom in 2025. We recognized an impairment charge of $8 million in connection with the property, plant and equipment at that manufacturing plant.

Supply Chain Finance Programs

Under supply chain finance programs administered by third-party banks, our suppliers have the opportunity to sell receivables due from us to participating financing institutions and receive earlier payment at a discount. Our responsibility is limited to making payment on the terms originally negotiated with our supplier, regardless of whether such supplier sells its receivable to a financial institution. The payment terms we negotiate with a supplier are independent of whether such supplier participates in a supply chain finance program, and participation in any such program by a supplier has no effect on our income or cash flows.

As of September 30, 2024 and December 31, 2023, participating financial institutions held $121 million and $153 million of our liabilities recorded in Accounts payable and Accrued liabilities and liabilities held for sale on our Condensed Consolidated Balance Sheets. As of September 30, 2024, supply chain finance programs existed for operations in Brazil, Mexico, certain PureCircle entities, Colombia, Peru, Thailand and China.

The rollforward of our outstanding obligations confirmed as valid under our supply chain finance programs as of September 30, 2024 was as follows:


	As of September 30, 2024
Outstanding at the beginning of the year	$	153
Invoices added during the year	359
Invoices paid during the year	(379)
Cumulative translation adjustment	(12)
Outstanding as of September 30, 2024	$	121