US Foods Holding Corp. Condensed Financial Information (Tables)

12 Months Ended

Jan. 01, 2022

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Balance Sheet

Condensed Parent Company Balance Sheets

(In millions, except par value)

	January 1, 2022		January 2, 2021
ASSETS
Investment in subsidiary	$	4,266	$	4,050
Other assets	4		—
Total assets	$	4,270	$	4,050
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY
Deferred tax liabilities	$	1	$	1
Total liabilities	1		1
Commitments and Contingencies (Note 22)
Mezzanine equity:
Series A convertible preferred stock, $0.01 par value—25 shares authorized;     0.5 issued and outstanding as of January 1, 2022 and    January 2, 2021	534		519
Shareholders’ Equity
Common stock, $0.01 par value—600 shares authorized;     223 and 221 issued and outstanding as of January 1, 2022         and January 2, 2021, respectively	2		2
Additional paid-in capital	2,970		2,901
Retained earnings	782		661
Accumulated other comprehensive loss	(19)		(34)
Total shareholders’ equity	3,735		3,530
Total liabilities, mezzanine equity and shareholders’ equity	$	4,270	$	4,050

Schedule of Condensed Statement of Comprehensive Income (Loss)

Condensed Parent Company Statements of Comprehensive Income

	Fiscal Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Income before income taxes	$	—	$	—	$	—
Income tax benefit	(4)		(5)		—
Income before equity in net earnings of subsidiary	4		5		—
Equity in net earnings of subsidiary	160		(231)		385
Net income (loss)	164		(226)		385
Other comprehensive income—net of tax:
Changes in retirement benefit obligations	10		23		45
Unrecognized gain (loss) on interest rate swaps	5		(3)		(15)
Comprehensive income (loss)	$	179	$	(206)	$	415
Net income (loss)	$	164	$	(226)	$	385
Series A convertible preferred stock dividends	(43)		(28)		—
Net income (loss) available to common shareholders	$	121	$	(254)	$	385

Schedule of Condensed Statements of Cash Flows

Condensed Parent Company Statements of Cash Flows

	Fiscal Years Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Cash flows from operating activities:
Net income (loss)	$	164	$	(226)	$	385
Adjustments to reconcile net income to net cash    provided by operating activities:
Equity in net earnings of subsidiary	(160)		231		(385)
Changes in operating assets and liabilities:
Increase in other assets	(4)		—		—
Decrease in accrued expenses and other liabilities	—		(5)		—
Net cash used in operating activities	—		—		—
Cash flows from investing activities:
Investment in subsidiary	28		(491)		—
Net cash provided by (used in) investing activities	28		(491)		—
Cash flows from financing activities:
Net proceeds from issuance of Series A convertible preferred stock	—		491		—
Dividends paid on Series A convertible preferred stock	(28)		—		—
Net cash (used in) provided by financing activities	(28)		491		—
Net increase in cash, cash equivalents and restricted cash	—		—		—
Cash, cash equivalents and restricted cash—beginning of year	—		—		—
Cash, cash equivalents and restricted cash—end of year	$	—	$	—	$	—