Supplier Finance Programs

12 Months Ended

Dec. 31, 2024

7. Supplier Finance Programs

Under various supplier finance programs, we agree to pay counterparties engaged as paying agents the stated amount of confirmed invoices from our designated suppliers on the original maturity date of the invoices. Under certain of these arrangements, we may also pay fees for the supplier finance platform and related support.

The rollforward of our outstanding obligations confirmed under our supplier finance programs, included in Accounts payable within our Consolidated Balance Sheets, is as follows (in millions):


	2024
Confirmed obligations outstanding as of January 1,	$	198.8
Obligations confirmed during the period	1,213.1
Confirmed invoices paid during the period	(1,243.1)
Confirmed obligations outstanding as of December 31,	$	168.8