Supplemental Financial Information

3 Months Ended

Mar. 31, 2026

Inventories

The table below summarizes amounts in inventories.


(In millions)	March 31, 2026		December 31, 2025
Raw materials	$	414.2	$	387.6
Work-in-progress	227.6		242.5
Finished goods	347.6		345.7
Inventories	$	989.4	$	975.8

Property, Plant and Equipment, Net

The table below summarizes the amounts in property, plant and equipment, net.


(In millions)	March 31, 2026		December 31, 2025
Property, plant and equipment	$	4,261.9	$	4,271.9
Accumulated depreciation	(2,688.4)		(2,664.2)
Property, plant and equipment, net	$	1,573.5	$	1,607.7

Allowance for Credit Losses

The activity related to our allowance for credit losses is shown below.


	Three Months Ended
(In millions)	March 31, 2026		March 29, 2025
Beginning balance	$	28.1	$	29.0
Provision for credit losses	1.6		—
Amounts written off	(2.3)		(.6)
Other, including foreign currency translation	(.3)		.5
Ending balance	$	27.1	$	28.9

Supplier Finance Programs

We have agreements with third-party financial institutions to facilitate payments to suppliers. These third-party financial institutions offer voluntary supply chain finance programs that enable certain of our suppliers, at the supplier’s sole discretion, to sell our payment obligations to a financial institution on terms directly negotiated with the financial institution. Participating suppliers decide which payment obligations are sold to the financial institution and we have no economic interest in a supplier’s decision to sell these payment obligations. We make payments to the financial institution on the invoice due date, regardless of whether an individual invoice is sold by the supplier to the financial institution. Our obligations to our suppliers, including amounts due and scheduled payment dates, are not impacted by suppliers' decisions to sell amounts under these arrangements. Amounts due under our supply chain finance programs were included in accounts payable in our unaudited Condensed Consolidated Balance Sheets and activities related to these programs were presented as operating activities in our unaudited Condensed Consolidated Statements of Cash Flows. As of March 31, 2026 and December 31, 2025, $375.5 million and $383.8 million, respectively, were due to financial institutions for suppliers that participate in these programs.