NXP Semiconductors NXPI Capital expenditures incurred but not yet paid

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What does capital expenditures incurred but not yet paid mean?

This metric represents capital expenditures that have been committed or incurred during the period but for which cash payment has not yet been disbursed. It provides visibility into the company's future cash obligations related to infrastructure and asset investments. Tracking this is essential for reconciling accrual-based capital spending with actual cash outflows.