US Foods Holding Corp. Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheet

Condensed Parent Company Balance Sheets

(In thousands)

	December 31,			January 2,
	2016			2016
ASSETS
Cash and cash equivalents	$	138		$	300,241
Deferred tax assets		—			5,400
Other assets		837			—
Investment in subsidiary		2,638,105			1,613,851
TOTAL ASSETS	$	2,639,080		$	1,919,492
LIABILITIES AND EQUITY
Intercompany payable	$	348		$	7,193
Accrued expenses and other liabilities		—			681
Deferred tax liabilities		101,082			—
Total Liabilities		101,430			7,874
COMMITMENTS AND CONTINGENCIES (Note 21)
REDEEMABLE COMMON STOCK (Note 15)		—			38,441
SHAREHOLDERS’ EQUITY
Common stock, $.01 par value—600,000 shares    authorized; 220,929 and 166,667 issued and outstanding    as of December 31, 2016 and January 2, 2016		2,209			1,667
Additional paid-in capital		2,791,264			2,292,142
Accumulated deficit		(136,460	)		(346,254	)
Accumulated other comprehensive loss		(119,363	)		(74,378	)
Total shareholders’ equity		2,537,650			1,873,177
TOTAL LIABILITIES AND EQUITY	$	2,639,080		$	1,919,492

Schedule of Condensed Statement of Comprehensive Income (Loss)

Condensed Parent Company Statements of Comprehensive Income (Loss)

(In thousands)

	Fiscal Years Ended
	December 31,			January 2,			December 27,
	2016			2016			2014
OPERATING EXPENSES	$	4,746		$	—		$	—
OPERATING LOSS		(4,746	)		—			—
ACQUSITION TERMINATION FEE		—			300,000			—
INTEREST INCOME		103			241			—
(Loss) income before income taxes		(4,643	)		300,241			—
INCOME TAX PROVISION		104,565			34,340			—
(Loss) income before equity in net earnings (loss)    of subsidiary		(109,208	)		265,901			—
EQUITY IN NET EARNINGS (LOSS) OF SUBSIDIARY		319,002			(98,383	)		(72,914	)
NET INCOME (LOSS)		209,794			167,518			(72,914	)
OTHER COMPREHENSIVE (LOSS) INCOME—Net of tax:
Changes in retirement benefit obligations, net of    income tax		(44,985	)		83,663			(155,362	)
COMPREHENSIVE INCOME (LOSS)	$	164,809		$	251,181		$	(228,276	)

Schedule of Condensed Statements of Cash Flows

Condensed Parent Company Statements of Cash Flows

(In thousands)

	Fiscal Year Ended
	December 31, 2016			January 2, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	209,794		$	167,518
Adjustments to reconcile net income to net cash (used in)    provided by operating activities:
Equity in net (earnings) loss of subsidiary		(319,002	)		98,383
Deferred income tax provision		106,482			27,084
Changes in operating assets and liabilities:
Increase in other assets		(837	)		—
(Decrease) increase in intercompany payable		(6,845	)		7,193
(Decrease) increase in accrued expenses and other liabilities		(63	)		63
Net cash (used in) provided by operating activities		(10,471	)		300,241
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in subsidiary		(1,113,919	)		—
Cash distribution from subsidiary		374,332			—
Net cash used in investing activities		(739,587	)		—
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from initial public offering		1,113,799			—
Cash distribution to shareholders		(666,332	)		—
Proceeds from common stock sales		2,850			—
Common stock and share-based awards settled		(362	)		—
Net cash provided by financing activities		449,955			—
NET (DECREASE) INCREASE IN CASH AND    CASH EQUIVALENTS		(300,103	)		300,241
CASH AND CASH EQUIVALENTS—Beginning of year		300,241			—
CASH AND CASH EQUIVALENTS—End of year	$	138		$	300,241