Business Segment Information

9 Months Ended

Mar. 28, 2015

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, which includes 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				39-Week Period Ended
	Mar. 28, 2015		Mar. 29, 2014		Mar. 28, 2015		Mar. 29, 2014
Sales:		(In thousands)
Broadline	$	9,527,527	$	9,097,113	$	29,583,754	$	27,725,176
SYGMA		1,506,352		1,522,978		4,607,827		4,582,439
Other		804,372		727,199		2,354,465		2,134,698
Intersegment sales		(91,592)		(69,806)		(267,232)		(212,593)
Total	$	11,746,659	$	11,277,484	$	36,278,814	$	34,229,720
	13-Week Period Ended				39-Week Period Ended
	Mar. 28, 2015		Mar. 29, 2014		Mar. 28, 2015		Mar. 29, 2014
Operating income:	(In thousands)
Broadline	$	588,326	$	586,750	$	1,887,765	$	1,803,183
SYGMA		5,157		8,754		18,110		27,309
Other		17,603		26,147		58,560		68,566
Total segments		611,086		621,651		1,964,435		1,899,058
Corporate expenses and adjustments		(283,778)		(289,026)		(856,068)		(736,458)
Total operating income		327,308		332,625		1,108,367		1,162,600
Interest expense		69,550		32,224		177,526		92,536
Other expense (income), net		(8,577)		3,718		(8,558)		(5,027)
Earnings before income taxes	$	266,335	$	296,683	$	939,399	$	1,075,091

	Mar. 28, 2015		Jun. 28, 2014		Mar. 29, 2014
Assets:	(In thousands)
Broadline	$	8,162,101	$	8,956,911	$	9,034,512
SYGMA		529,783		513,587		540,412
Other		1,042,121		1,034,775		1,022,013
Total segments		9,734,005		10,505,273		10,596,937
Corporate		8,249,586		2,662,677		2,559,714
Total	$	17,983,591	$	13,167,950	$	13,156,651