US Foods Holding Corp. Condensed Financial Information (Tables)

12 Months Ended

Dec. 30, 2017

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheet

Condensed Parent Company Balance Sheets

(In thousands)

	December 30, 2017			December 31, 2016
ASSETS
Cash and cash equivalents	$	138		$	138
Other assets		—			837
Investment in subsidiary		2,846,716			2,638,105
TOTAL ASSETS	$	2,846,854		$	2,639,080
LIABILITIES AND EQUITY
Intercompany payable	$	348		$	348
Deferred tax liabilities		25,032		$	101,082
Other liabilities		70,111			—
Total liabilities		95,491			101,430
COMMITMENTS AND CONTINGENCIES (Note 21)
SHAREHOLDERS’ EQUITY
Common stock, $.01 par value—600,000 shares    authorized; 214,963 and 220,929 issued and outstanding    as of December 30, 2017 and December 31, 2016		2,150			2,209
Additional paid-in capital		2,721,454			2,791,264
Accumulated earnings (deficit)		123,514			(136,460	)
Accumulated other comprehensive loss		(95,755	)		(119,363	)
Total shareholders’ equity		2,751,363			2,537,650
TOTAL LIABILITIES AND EQUITY	$	2,846,854		$	2,639,080

Schedule of Condensed Statement of Comprehensive Income (Loss)

Condensed Parent Company Statements of Comprehensive Income

(In thousands)

	Fiscal Years Ended
	December 30, 2017			December 31, 2016			January 2, 2016
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 (BENEFIT) PROVISION		(5,103	)		104,565			34,340
Income (loss) before equity in net earnings (loss) of subsidiary		5,103			(109,208	)		265,901
EQUITY IN NET EARNINGS (LOSS) OF SUBSIDIARY		439,191			319,002			(98,383	)
NET INCOME		444,294			209,794			167,518
OTHER COMPREHENSIVE (LOSS) INCOME—Net of tax:
Changes in retirement benefit obligations, net		16,171			(44,985	)		83,663
Unrecognized gain on interest rate swaps, net		7,437			—			—
COMPREHENSIVE INCOME	$	467,902		$	164,809		$	251,181

Schedule of Condensed Statements of Cash Flows

Condensed Parent Company Statements of Cash Flows

(In thousands)

	Fiscal Years Ended
	December 30, 2017			December 31, 2016			January 2, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	444,294		$	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		(439,191	)		(319,002	)		98,383
Deferred income tax (benefit) provision		(77,082	)		106,482			27,084
Changes in operating assets and liabilities:
Decrease (increase) in other assets		837			(837	)		—
(Decrease) increase in intercompany payable		—			(6,845	)		7,193
Increase (decrease) in accrued expenses and other liabilities		71,142			(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		280,000			374,332			—
Net cash provided by (used in) investing activities		280,000			(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 repurchased		(280,000	)		—			—
Common stock and share-based awards settled		—			(362	)		—
Net cash (used in) provided by financing activities		(280,000	)		449,955			—
NET (DECREASE) INCREASE IN CASH AND    CASH EQUIVALENTS		—			(300,103	)		300,241
CASH AND CASH EQUIVALENTS—Beginning of year		138			300,241			—
CASH AND CASH EQUIVALENTS—End of year	$	138		$	138		$	300,241