SUPPLIER FINANCE PROGRAMS

12 Months Ended

Dec. 29, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The Company maintains supplier finance programs, under which we agree to pay for invoices that are confirmed as valid under the program from participating suppliers to a financing entity. Maturity dates are generally between 65-120 days and we pay either the supplier or the financing entity depending on the supplier’s election. We do not have an economic interest in a supplier’s participation in the program or a direct financial relationship with the financial institution funding the program. The outstanding balances are included in Accounts payable in the Consolidated Balance Sheets.


	Year Ended
	December 29, 2024
	(In thousands)
Confirmed obligations outstanding, beginning of year	$	192,666
Invoices confirmed during the year	870,540
Confirmed invoices paid during the year	(910,426)
Confirmed obligations outstanding, end of year	$	152,780