Income Taxes (Tables)

12 Months Ended

Jun. 27, 2015

Income Tax Disclosure [Abstract]

Earnings before income taxes by jurisdiction table

For financial reporting purposes, earnings before income taxes consists of the following:

	2015		2014		2013
	(In thousands)
U.S.	$	818,244	$	1,287,371	$	1,351,947
Foreign	189,903		188,253		195,508
Total	$	1,008,147	$	1,475,624	$	1,547,455

Income tax provision by jurisdiction table

The income tax provision / (benefit) for each fiscal year consists of the following:

	2015			2014		2013
	(In thousands)
U.S. federal income taxes	$	285,807		$	433,795	$	439,667
State and local income taxes	(2,737		)	55,736		69,759
Foreign income taxes	38,304			54,560		45,602
Total	$	321,374		$	544,091	$	555,028

Income tax provision by component table

The current and deferred components of the income tax provisions for each fiscal year are as follows:

	2015			2014			2013
	(In thousands)
Current	$	327,639		$	574,760		$	582,889
Deferred	(6,265		)	(30,669		)	(27,861		)
Total	$	321,374		$	544,091		$	555,028

Components of deferred tax assets and liabilities table

Significant components of Sysco’s deferred tax assets and liabilities are as follows:

	June 27, 2015			June 28, 2014
	(In thousands)
Deferred tax liabilities:
Excess tax depreciation and basis differences of assets	$	381,875		$	416,417
Goodwill and intangible assets	224,943			211,434
Other	23,449			15,171
Total deferred tax liabilities	630,267			643,022
Deferred tax assets:
Net operating tax state loss carryforwards	47,958			20,123
Benefit on unrecognized tax benefits	16,270			22,170
Pension	264,780			287,046
Share-based compensation	42,569			41,262
Deferred compensation	35,573			33,280
Self-insured liabilities	65,617			65,002
Receivables	38,410			47,688
Inventory	68,186			62,799
Cash flow hedge	74,900			56,826
Other	29,667			26,471
Total deferred tax assets	683,930			662,667
Total net deferred tax (assets)	$	(53,663	)	$	(19,645	)

Tax rate reconciliation table

Reconciliations of the statutory federal income tax rate to the effective income tax rates for each fiscal year are as follows:

	2015		2014		2013
U.S. statutory federal income tax rate	35.00	%	35.00	%	35.00	%
State and local income taxes, net of any applicable federal income tax benefit	0.91		2.82		2.59
Foreign tax rate differential	(2.84	)	(1.66	)	(1.22	)
Other	(1.19	)	0.71		(0.50	)
	31.88	%	36.87	%	35.87	%

Reconciliation of unrecognized tax benefits table

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding interest and penalties, is as follows:

	2015			2014
	(In thousands)
Unrecognized tax benefits at beginning of year	$	49,180		$	108,337
Additions for tax positions related to prior years	797			2,128
Reductions for tax positions related to prior years	(8,001		)	(41,802		)
Reductions due to settlements with taxing authorities	(4,430		)	(19,483		)
Unrecognized tax benefits at end of year	$	37,546		$	49,180