Business Segment Information

6 Months Ended

Dec. 28, 2013

Business Segment Information [Abstract]

Business Segment Information

14.  BUSINESS SEGMENT INFORMATION 

The company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are reportable segments as defined in the accounting literature related to disclosures about segments of an enterprise.  The Broadline reportable segment is an aggregation of the company’s U.S., Canadian, Caribbean and European Broadline segments.  Broadline operating companies distribute a full line of food products and a wide variety of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served.  These companies also provide custom-cut meat operations.  SYGMA operating companies distribute a full line of food products and a wide variety of non-food products to certain chain restaurant customer locations.  "Other" financial information is attributable to the company's other operating segments, including the company's specialty produce and lodging industry segments, a company that distributes specialty imported products,   a company that distributes to international customers and the company’s Sysco Ventures platform, a suite of technology solutions that help support the business needs of Sysco’s customers.   

The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated financial statements.  Intersegment sales represent specialty produce and imported specialty products distributed by the Broadline and SYGMA operating companies. Management evaluates the performance of each of the operating segments based on its respective operating income results.  Corporate expenses and adjustments generally include all expenses of the corporate office and Sysco’s shared service center.  These also include all share-based compensation costs and expenses related to the company’s Business Transformation Project. 

The following tables set forth certain financial information for Sysco’s business segments:

	13-Week Period Ended				26-Week Period Ended
	Dec. 28, 2013		Dec. 29, 2012		Dec. 28, 2013		Dec. 29, 2012
Sales:		(In thousands)
Broadline	$	9,081,675	$	8,779,069	$	18,628,063	$	17,836,733
SYGMA		1,536,271		1,411,815		3,059,461		2,832,570
Other		695,617		659,861		1,407,499		1,320,462
Intersegment sales		(75,594)		(53,855)		(142,787)		(105,959)
Total	$	11,237,969	$	10,796,890	$	22,952,236	$	21,883,806
	13-Week Period Ended				26-Week Period Ended
	Dec. 28, 2013		Dec. 29, 2012		Dec. 28, 2013		Dec. 29, 2012
Operating income:	(In thousands)
Broadline	$	561,726	$	580,257	$	1,216,433	$	1,223,093
SYGMA		10,212		13,439		18,555		25,524
Other		19,877		20,469		42,419		42,828
Total segments		591,815		614,165		1,277,407		1,291,445
Corporate expenses and adjustments		(240,038)		(231,514)		(447,432)		(430,012)
Total operating income		351,777		382,651		829,975		861,433
Interest expense		29,784		32,242		60,312		63,110
Other expense (income), net		(4,211)		(1,753)		(8,745)		(4,230)
Earnings before income taxes	$	326,204	$	352,162	$	778,408	$	802,553

	Dec. 28, 2013		Jun. 29, 2013		Dec. 29, 2012
Assets:	(In thousands)
Broadline	$	8,546,007	$	10,228,722	$	8,932,589
SYGMA		512,516		485,520		475,319
Other		948,239		944,140		937,811
Total segments		10,006,762		11,658,382		10,345,719
Corporate		3,006,263		1,005,565		2,125,583
Total	$	13,013,025	$	12,663,947	$	12,471,302