Under the supply chain finance ("SCF") programs, administered by a third party, our suppliers are given the opportunity to sell receivables from us to participating financial institutions at their sole discretion. Our responsibility is limited to making payment on the terms originally negotiated with our supplier, regardless of whether the supplier sells its receivable to a financial institution. The range of payment terms we negotiate with our suppliers is consistent, irrespective of whether a supplier participates in the program. No guarantees are provided by the Company under the SCF program.

As of December 31, 2025 and 2024, $95 million and $79 million, respectively, of obligations remain outstanding that we have confirmed as valid to the administrators of the SCF programs. We have no economic interest in a supplier's decision to participate in the SCF program, and we have no direct financial relationship with the financial institutions, as it relates to the SCF program. These balances are included within "Trade payables" in our Consolidated Balance Sheets and are reflected as "Cash Flows from Operating Activities" in our Consolidated Statements of Cash Flows when settled.

Changes in the outstanding obligation for the years ended December 31, 2025 and 2024, are as follows (in millions of dollars):


	Years Ended December 31,
	2025		2024
Balance at beginning of year	$	79	$	148
Invoices confirmed during the year	1,093		1,459
Confirmed invoices paid during the year	(1,086)		(1,501)
Currency translation adjustment and other	9		(27)
Balance at end of year	$	95	$	79