Business Segment Information

6 Months Ended

Dec. 27, 2014

Business Segment Information [Abstract]

Business Segment Information

15.  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. and International Broadline segments located in the Bahamas, Canada, Costa Rica, Republic of Ireland and Northern Ireland.  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. 

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

	13-Week Period Ended				26-Week Period Ended
	Dec. 27, 2014		Dec. 28, 2013		Dec. 27, 2014		Dec. 28, 2013
Sales:		(In thousands)
Broadline	$	9,833,124	$	9,081,675	$	20,056,227	$	18,628,063
SYGMA		1,559,863		1,536,271		3,101,475		3,059,461
Other		785,611		695,617		1,550,093		1,407,499
Intersegment sales		(91,524)		(75,594)		(175,640)		(142,787)
Total	$	12,087,074	$	11,237,969	$	24,532,155	$	22,952,236
	13-Week Period Ended				26-Week Period Ended
	Dec. 27, 2014		Dec. 28, 2013		Dec. 27, 2014		Dec. 28, 2013
Operating income:	(In thousands)
Broadline	$	599,842	$	561,726	$	1,299,279	$	1,216,433
SYGMA		7,804		10,212		12,954		18,555
Other		16,343		19,877		41,116		42,419
Total segments		623,989		591,815		1,353,349		1,277,407
Corporate expenses and adjustments		(308,543)		(240,038)		(572,290)		(447,432)
Total operating income		315,446		351,777		781,059		829,975
Interest expense		77,042		29,784		107,976		60,312
Other expense (income), net		2,207		(4,211)		19		(8,745)
Earnings before income taxes	$	236,197	$	326,204	$	673,064	$	778,408

	Dec. 27, 2014		Jun. 28, 2014		Dec. 28, 2013
Assets:	(In thousands)
Broadline	$	8,267,515	$	8,956,911	$	8,546,007
SYGMA		520,862		513,587		512,516
Other		1,041,094		1,034,775		948,239
Total segments		9,829,471		10,505,273		10,006,762
Corporate		8,140,999		2,662,677		3,024,650
Total	$	17,970,470	$	13,167,950	$	13,031,412