Quarterly report pursuant to Section 13 or 15(d)

Supply Chain Financing

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Supply Chain Financing
6 Months Ended
Jun. 29, 2024
Supply Chain Financing [Abstract]  
Supply Chain Financing SUPPLY CHAIN FINANCING
The Company facilitates voluntary Supply Chain Finance ("SCF") programs with its financial institutions that allow certain suppliers the option to sell or assign their rights to receivables due from the Company, enabling the suppliers to receive payment from the financial institutions sooner than our negotiated payment terms. At June 2024, December 2023 and June 2023, accounts payable included total outstanding balances of $32.7 million, $19.7 million and $30.6 million, respectively, due to suppliers that participate in the SCF programs.