SUPPLIER FINANCE PROGRAMS

6 Months Ended

Jun. 29, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLIER FINANCE PROGRAMS

SUPPLIER FINANCE PROGRAMS

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. As of June 29, 2025 and December 29, 2024, the outstanding balance of confirmed invoices was $214.7 million and $152.8  million respectively and are included in Accounts Payable in the Consolidated Balance Sheets.