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Accounts Receivable Sale Program
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Accounts Receivable Sale Program

Note 11—Accounts Receivable Sale Program

As of December 31, 2024, in connection with a trade accounts receivable sale program with unaffiliated financial institutions, the Company may elect to sell, at a discount, on an ongoing basis, up to a maximum of $200.0 million of specific accounts receivable at any one time.

During 2024, 2023 and 2022, the Company sold $600.0 million, $565.4 million and $445.4 million, respectively, of accounts receivable under this program, and in exchange, the Company received cash proceeds of $595.9 million, $560.9 million and $443.6 million, respectively, net of the discount. The Company recognizes the loss on sale resulting from the discount in other (expense) income, net in its consolidated statements of income.