SUPPLY CHAIN FINANCING PROGRAM |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 29, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | Ìý | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SUPPLY CHAIN FINANCING PROGRAM | SUPPLY CHAIN FINANCING PROGRAM ±«ÓãÖ±²¥ facilitates a voluntary supply chain finance ("SCF") program that enables a significant portion of our inventory suppliers to leverage ±«ÓãÖ±²¥'s credit rating to receive payment from participating financial institutions prior to the payment date specified in the terms between ±«ÓãÖ±²¥ and the supplier. The SCF program is administered through third-party platforms that allow participating suppliers to track payments from ±«ÓãÖ±²¥ and elect which receivables, if any, to sell to the financial institutions. The transactions are at the sole discretion of both the suppliers and financial institutions, and ±«ÓãÖ±²¥ is not a party to the agreements and has no economic interest in the supplier's decision to sell a receivable. The terms between ±«ÓãÖ±²¥ and the supplier, including the amount due and scheduled payment terms (which are generally within 90 days of the invoice date), are not impacted by a supplier's participation in the SCF program. All amounts due to suppliers that are eligible to participate in the SCF program are included in the accounts payable line item in ±«ÓãÖ±²¥'s Consolidated Balance Sheets and ±«ÓãÖ±²¥ payments made under the SCF program are reflected in cash flows from operating activities in ±«ÓãÖ±²¥'s Consolidated Statements of Cash Flows. At March 2025 and 2024, the accounts payable line item in ±«ÓãÖ±²¥'s Consolidated Balance Sheets included total outstanding obligations of $481.7 million and $485.0 million, respectively, due to suppliers that are eligible to participate in the SCF program. The following table presents a rollforward of total outstanding obligations due to suppliers that are eligible to participate in the SCF program:
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- References No definition available.
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- Definition Supply Chain Financing Program No definition available.
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