Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 45

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 45
---
— 50.6 Accrued expenses378.6 349.4 — 3.5 Current portion of long-term debt685.1 413.8 — 0.9 Customer financing, short-term746.7 515.0 — — Liabilities of business held for sale14.4 18.8 131.0 — Other current liabilities831.5 645.4 — 0.6 Total current liabilities$3,561.5 $2,803.3 $131.0 $62.2 Long-term debt3,645.5 3,961.1 — 2.5 Contract liabilities, long-term153.8 177.4 — — Forward loss provision, long-term732.1 497.5 — — Customer financing, long-term336.9 290.0 — 12.0 Other non-current liabilities404.3 342.5 — 15.3 Total non-current liabilities$5,272.6 $5,268.5 $— $29.8 

Supply Chain Financing Applicable to Suppliers

We have provided our suppliers with access to a supply chain financing program through facilities with a third-party financing institution. The program allows suppliers to monetize the receivables prior to their payment date, subject to payment of a discount. Our suppliers’ ability to continue using such agreements is primarily dependent upon the strength of our financial condition. During the nine months ended October 2, 2025, our financing institution adjusted their capacity resulting in a net increase in capacity under our existing supply chain financing program. While our suppliers’ access to this supply chain financing program could be curtailed if our credit ratings are downgraded, we do not expect that changes in the availability of supply chain financing to our suppliers will have a significant impact on our liquidity. 

The balance of confirmed obligations to suppliers who elected to participate in the supply chain financing program included in our accounts payable balance as of October 2, 2025 and September 26, 2024 was $123.1 million and $116.9 million, respectively. Confirmed obligations to suppliers who elected to participate in the supply chain financing program increased by $46.3 million and decreased by $38.7 million during the nine-month periods ended October 2, 2025 and September 26, 2024, respectively