SUPPLIER FINANCE PROGRAMS

12 Months Ended

May 31, 2025


NOTE 19 — SUPPLIER FINANCE PROGRAMS

Certain financial institutions offer voluntary supplier finance programs facilitated through a third-party platform that provide participating suppliers the option to finance valid payment obligations from the Company. The Company is not a party to agreements negotiated between participating suppliers and third-party financial institutions. The Company's obligations to its suppliers, including amounts due and payment terms, are not affected by a supplier's decision to participate in these programs and the Company does not provide guarantees to third parties in connection with these programs. As of May 31, 2025 and May 31, 2024, the Company had $1,101 million and $840 million, respectively, of outstanding supplier obligations confirmed as valid under these programs. These amounts are included within Accounts payable on the Consolidated Balance Sheets.


(Dollars in millions)
Confirmed obligations outstanding as of May 31, 2024	$	840
Invoices confirmed during the year	11,741
Confirmed invoices paid during the year	(11,480)
Confirmed obligations outstanding as of May 31, 2025	$	1,101