Business Segment Information

9 Months Ended

Mar. 29, 2014

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				39-Week Period Ended
	Mar. 29, 2014		Mar. 30, 2013		Mar. 29, 2014		Mar. 30, 2013
Sales:		(In thousands)
Broadline	$	9,097,113	$	8,861,568	$	27,725,176	$	26,698,301
SYGMA		1,522,978		1,425,975		4,582,439		4,258,545
Other		727,199		699,505		2,134,698		2,019,967
Intersegment sales		(69,806)		(60,677)		(212,593)		(166,636)
Total	$	11,277,484	$	10,926,371	$	34,229,720	$	32,810,177
	13-Week Period Ended				39-Week Period Ended
	Mar. 29, 2014		Mar. 30, 2013		Mar. 29, 2014		Mar. 30, 2013
Operating income:	(In thousands)
Broadline	$	586,750	$	517,842	$	1,803,183	$	1,740,935
SYGMA		8,754		13,823		27,309		39,347
Other		26,147		28,691		68,566		71,519
Total segments		621,651		560,356		1,899,058		1,851,801
Corporate expenses and adjustments		(289,026)		(223,154)		(736,458)		(653,166)
Total operating income		332,625		337,202		1,162,600		1,198,635
Interest expense		32,224		34,215		92,536		97,325
Other expense (income), net		3,718		(3,410)		(5,027)		(7,640)
Earnings before income taxes	$	296,683	$	306,397	$	1,075,091	$	1,108,950

	Mar. 29, 2014		Jun. 29, 2013		Mar. 30, 2013
Assets:	(In thousands)
Broadline	$	9,034,512	$	10,228,722	$	8,377,694
SYGMA		540,412		485,520		485,703
Other		1,003,626		944,140		940,159
Total segments		10,578,550		11,658,382		9,803,556
Corporate		2,559,714		1,005,565		2,853,654
Total	$	13,138,264	$	12,663,947	$	12,657,210