Note 9 - Supplier Finance Program |
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Dec. 31, 2025 | ||||||||||||||||||||||||||
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| Supplier Finance Program [Text Block] |
9. SUPPLIER FINANCE PROGRAM
During the first quarter of 2025, we initiated a supplier finance program that has been made available to certain of our vendors. The program allows our vendors to voluntarily sell their receivables due from us to a participating financial institution on terms that are negotiated between the vendor and the financial institution. The vendor receives payment from the financial institution, and we pay the financial institution on the terms originally negotiated with the vendor, which generally range from 90 to 120 days. We do not pledge assets as security or provide other forms of guarantees associated with this supplier finance program. As of December 31, 2025, outstanding obligations confirmed as valid under this supplier finance program were approximately $37 million, which are included in accounts payable in our consolidated balance sheet.
The following table summarizes our outstanding obligations confirmed as valid under the supplier finance program for the year ended December 31, 2025 (dollars in millions):
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- References No definition available.
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- Definition The entire disclosure for supplier finance program. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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