Company: UTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047281
Chunk: 41

Company: Utz Brands, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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ables. See Note 11. Contingencies.

7.SUPPLY CHAIN FINANCE

The Company participates in a supply chain finance program with a certain financial institution. The program allows its suppliers to sell their receivables to the financial institution at the discretion of both parties on terms that are negotiated between the supplier and the financial institution. Pursuant to their agreement with the financial institution, certain suppliers may elect to be paid early at their discretion. The key terms of the supplier invoice, including the amounts due and scheduled payment dates, are not impacted by the Company’s suppliers’ decisions to sell their receivables under the program. The Company’s supply chain financing program obligations are classified as accounts payable, and the Company agrees to pay to the financial institution those invoices sold according to the the Company's standard terms. There are no assets pledged or other forms of guarantees associated with the program. The Company or the financial institution may terminate the program upon at least 30 days' notice.

9

The balance of the obligations outstanding at the end of the reporting period are as follows:(in millions)As of Balance as of December 29, 2024$— Invoices confirmed during the year.3.8Confirmed invoices paid during the year.— Balance as of September 28, 2025$3.8 

8.ACCRUED EXPENSES AND OTHER

Current accrued expenses and other consisted of the following:(in millions)As of September 28, 2025As of December 29, 2024Accrued compensation and benefits$15.1 $24.3 Operating right of use liability18.6 17.3 Insurance liabilities5.0 6.8 Tax Receivable Agreement liability4.5 0.1 Accrued freight and manufacturing related costs2.8 4.0 Accrued dividends and distributions8.7 8.6 Accrued interest4.1 11.1 Deferred transition services and other fees (a)— 2.0 Other accrued expenses10.0 4.1 Total accrued expenses and other$68.8 $78.3 (a) See Note 2. Divestitures, for further discussion.Non-current accrued expenses and other consisted of the following:(in millions)As of September 28, 2025As of December 29, 2024Operating right of use liability$142.1 $133.0 Tax Receivable Agreement liability19