US Foods Holding Corp. Condensed Financial Information (Tables)

12 Months Ended

Dec. 30, 2023

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Balance Sheet

Condensed Parent Company Balance Sheets

(In millions, except par value)

	December 30, 2023		December 31, 2022
ASSETS
Investment in subsidiary	4,748		$	4,492
Other assets	2		4
Total assets	$	4,750	$	4,496
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY
Accrued expenses and other current liabilities	$	3	$	—
Deferred tax liabilities	1		1
Total liabilities	4		1
Commitments and Contingencies (Note 22)
Mezzanine equity:
Series A convertible preferred stock, $0.01 par value—25 shares authorized;    0 and 0.5 issued and outstanding as of December 30, 2023 and December 31, 2022	—		534
Shareholders’ Equity
Common stock, $0.01 par value—600 shares authorized;  253 and 225 issued and outstanding as of December 30, 2023 and December 31, 2022	3		2
Additional paid-in capital	3,663		3,036
Retained earnings	1,509		1,010
Accumulated other comprehensive loss	(115)		(73)
Treasury Stock, 7.8 and .5 shares, respectively	(314)		(14)
Total shareholders’ equity	4,746		3,961
Total liabilities, mezzanine equity and shareholders’ equity	$	4,750	$	4,496

Schedule of Condensed Statement of Comprehensive Income (Loss)

Condensed Parent Company Statements of Comprehensive Income

	Fiscal Years Ended
	December 30, 2023		December 31, 2022		January 1, 2022
Income before income taxes	$	—	$	—	$	—
Income tax benefit	—		—		(4)
Income before equity in net earnings of subsidiary	—		—		4
Equity in net earnings of subsidiary	506		265		160
Net income	506		265		164
Other comprehensive income—net of tax:
Changes in retirement benefit obligations	(43)		(54)		10
Unrecognized (loss) gain on interest rate hedges	1		—		5
Comprehensive income	$	464	$	211	$	179
Net income	$	506	$	265	$	164
Series A convertible preferred stock dividends	(7)		(37)		(43)
Net income available to common shareholders	$	499	$	228	$	121

Schedule of Condensed Statements of Cash Flows

Condensed Parent Company Statements of Cash Flows

	Fiscal Years Ended
	December 30, 2023		December 31, 2022		January 1, 2022
Cash flows from operating activities:
Net income	$	506	$	265	$	164
Adjustments to reconcile net income to net cash    provided by operating activities:
Equity in net earnings of subsidiary	(506)		(265)		(160)
Changes in operating assets and liabilities:
decrease in other assets	—		—		(4)
Net cash used in operating activities	—		—		—
Cash flows from investing activities:
Investment in subsidiary	301		51		28
Net cash provided by investing activities	301		51		28
Cash flows from financing activities:
Dividends paid on Series A convertible preferred stock	(7)		(37)		(28)
Repurchase of common stock	(294)		(14)		—
Net cash used in financing activities	(301)		(51)		(28)
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	$	—	$	—	$	—