Segment Information

3 Months Ended

Sep. 26, 2015

Segment Reporting [Abstract]

Segment Information

14. Segment Information

The Company has three reportable segments, as defined by ASC 280 Segment Reporting, related to disclosures about segments of an enterprise. The Performance Foodservice segment markets and distributes food and food-related products to Street restaurants, Chain restaurants, and other institutional “food-away-from-home” locations. The PFG Customized segment principally serves the family and casual dining channel but also serves fine dining, fast casual, and quick serve restaurant chains. The Vistar segment distributes candy, snack, beverage, and other products to customers in the vending, office coffee services, theater, retail, and other channels. Intersegment sales represent sales between the segments and are eliminated in consolidation. Management evaluates the performance of each operating segment based on various operating and financial metrics, including total sales and EBITDA. For PFG Customized, EBITDA includes certain allocated corporate charges that are included in operating expenses. The allocated corporate charges are determined based on a percentage of total sales. This percentage is reviewed on a periodic basis to ensure that the segment is allocated a reasonable rate of corporate expenses based on its use of corporate services.

Corporate & All Other is comprised of corporate overhead and certain operations that are not considered separate reportable segments based on their size. This includes the operations of the Company’s internal logistics unit responsible for managing and allocating inbound logistics revenue and expense.

(In millions)	Performance Foodservice		PFG Customized		Vistar		Corporate & All Other			Eliminations			Consolidated
For the three months ended September 26, 2015
Net external sales	$	2,366.7	$	927.0	$	631.5	$	3.7		$	—		$	3,928.9
Inter-segment sales		1.7		0.1		0.7		49.6			(52.1	)		—
Total sales		2,368.4		927.1		632.2		53.3			(52.1	)		3,928.9
EBITDA		70.5		7.3		22.4		(30.2	)		—			70.0
Depreciation and amortization		15.2		3.8		4.2		5.0			—			28.2
Capital expenditures		8.5		1.2		0.4		7.6			—			17.7
For the three months ended September 27, 2014
Net external sales	$	2,249.9	$	868.8	$	575.0	$	3.9		$	—		$	3,697.6
Inter-segment sales		1.5		0.1		0.7		42.3			(44.6	)		—
Total sales		2,251.4		868.9		575.7		46.2			(44.6	)		3,697.6
EBITDA		55.5		7.6		24.0		(24.4	)		—			62.7
Depreciation and amortization		16.5		3.9		3.7		6.1			—			30.2
Capital expenditures		6.8		1.7		1.2		7.6			—			17.3

Total assets by reportable segment, excluding intercompany receivables between segments, are as follows:

(In millions)	As of September 26, 2015		As of June 27, 2015
Performance Foodservice	$	1,968.8	$	1,915.7
PFG Customized		637.3		649.8
Vistar		541.9		539.2
Corporate & All Other		256.7		286.2
Total assets	$	3,404.7	$	3,390.9