SUPPLEMENTAL GUARANTOR INFORMATION - SUBSIDIARY GUARANTEES

On January 19, 2011, the wholly owned U.S. Broadline subsidiaries of Sysco Corporation entered into full and unconditional guarantees of all outstanding senior notes and debentures of Sysco Corporation. Borrowings under the company’s revolving credit facility supporting the company’s U.S. and Canadian commercial paper programs are also covered under these guarantees. As of December 26, 2015, Sysco had a total of $4.4 billion in senior notes, debentures and commercial paper outstanding that was covered by these guarantees.

All subsidiary guarantors are 100% owned by the parent company, all guarantees are full and unconditional and all guarantees are joint and several, except that the guarantee of any subsidiary guarantor with respect to a series of senior notes or debentures may be released under certain customary circumstances. If we exercise our defeasance option with respect to the senior notes or debentures of any series, then any subsidiary guarantor effectively will be released with respect to that series. Further, each subsidiary guarantee will remain in full force and effect until the earliest to occur of the date, if any, on which (1) the applicable subsidiary guarantor shall consolidate with or merge into Sysco Corporation or any successor of Sysco Corporation or (2) Sysco Corporation or any successor of Sysco Corporation consolidates with or merges into the applicable subsidiary guarantor.

The following condensed consolidating financial statements present separately the financial position, comprehensive income and cash flows of the parent issuer (Sysco Corporation), the guarantors (the majority of the company’s U.S. Broadline subsidiaries), and all other non‑guarantor subsidiaries of Sysco (Other Non-Guarantor Subsidiaries) on a combined basis with eliminating entries.



	Condensed Consolidating Balance Sheet
	Dec. 26, 2015
	Sysco		Certain U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Current assets	$	279,596	$	3,944,472		$	2,554,958		$	—		$	6,779,026
Investment in subsidiaries	9,787,777		241,561			(355,335		)	(9,674,003		)	—
Plant and equipment, net	501,514		1,632,601			1,802,497			—			3,936,612
Other assets	258,216		273,324			1,842,290			—			2,373,830
Total assets	$	10,827,103	$	6,091,958		$	5,844,410		$	(9,674,003	)	$	13,089,468
Current liabilities	$	602,058	$	731,474		$	2,538,682		$	—		$	3,872,214
Intercompany payables (receivables)	1,576,888		(2,274,556		)	697,668			—			—
Long-term debt	4,079,396		9,350			177,111			—			4,265,857
Other liabilities	672,888		278,590			12,999			—			964,477
Noncontrolling interest	—		—			45,493			—			45,493
Shareholders’ equity	3,895,873		7,347,100			2,372,457			(9,674,003		)	3,941,427
Total liabilities and shareholders’ equity	$	10,827,103	$	6,091,958		$	5,844,410		$	(9,674,003	)	$	13,089,468



	Condensed Consolidating Balance Sheet
	Jun. 27, 2015
	Sysco		Certain U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
Current assets	$	4,894,387	$	4,012,924		$	2,586,993	$	—		$	11,494,304
Investment in subsidiaries	9,088,455		—			—		(9,088,455		)	—
Plant and equipment, net	510,285		1,694,659			1,777,199		—			3,982,143
Other assets	371,802		522,566			1,618,466		—			2,512,834
Total assets	$	14,864,929	$	6,230,149		$	5,982,658	$	(9,088,455	)	$	17,989,281
Current liabilities	$	5,851,364	$	1,658,558		$	1,889,693	$	—		$	9,399,615
Intercompany payables (receivables)	973,497		(1,996,915		)	1,023,418		—			—
Long-term debt	2,154,923		10,121			106,781		—			2,271,825
Other liabilities	624,795		278,458			113,060		—			1,016,313
Noncontrolling interest	—		—			41,304		—			41,304
Shareholders’ equity	5,260,350		6,279,927			2,808,402		(9,088,455		)	5,260,224
Total liabilities and shareholders’ equity	$	14,864,929	$	6,230,149		$	5,982,658	$	(9,088,455	)	$	17,989,281



	Condensed Consolidating Balance Sheet
	Dec. 27, 2014
	Sysco		Certain U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
Current assets	$	4,779,586	$	4,057,608		$	2,619,710	$	—		$	11,456,904
Investment in subsidiaries	8,613,500		—			—		(8,613,500		)	—
Plant and equipment, net	491,972		1,736,843			1,774,117		—			4,002,932
Other assets	324,771		520,178			1,625,024		—			2,469,973
Total assets	$	14,209,829	$	6,314,629		$	6,018,851	$	(8,613,500	)	$	17,929,809
Current liabilities	$	848,885	$	910,487		$	2,526,581	$	—		$	4,285,953
Intercompany payables (receivables)	258,923		(759,128		)	500,205		—			—
Long-term debt	7,127,186		17,550			63,516		—			7,208,252
Other liabilities	631,875		321,406			104,421		—			1,057,702
Noncontrolling interest	—		—			34,942		—			34,942
Shareholders’ equity	5,342,960		5,824,314			2,789,186		(8,613,500		)	5,342,960
Total liabilities and shareholders’ equity	$	14,209,829	$	6,314,629		$	6,018,851	$	(8,613,500	)	$	17,929,809



	Condensed Consolidating Statement of Comprehensive Income
	For the 13-Week Period Ended Dec. 26, 2015
	Sysco			Certain U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Sales	$	—		$	8,199,071		$	4,392,744		$	(438,189	)	$	12,153,626
Cost of sales	—			6,670,025			3,764,976			(438,189		)	9,996,812
Gross profit	—			1,529,046			627,768			—			2,156,814
Operating expenses	206,476			939,213			578,542			—			1,724,231
Operating income (loss)	(206,476		)	589,833			49,226			—			432,583
Interest expense (income)	70,318			(40,019		)	16,936			—			47,235
Other expense (income), net	(4,836		)	(352		)	(2,576		)	—			(7,764		)
Earnings (losses) before income taxes	(271,958		)	630,204			34,866			—			393,112
Income tax (benefit) provision	(81,472		)	191,274			10,911			—			120,713
Equity in earnings of subsidiaries	462,885			—			—			(462,885		)	—
Net earnings	272,399			438,930			23,955			(462,885		)	272,399
Other comprehensive income (loss)	(37,638		)	—			(44,664		)	44,664			(37,638		)
Comprehensive income	$	234,761		$	438,930		$	(20,709	)	$	(418,221	)	$	234,761



	Condensed Consolidating Statement of Comprehensive Income
	For the 13-Week Period Ended Dec. 27, 2014
	Sysco			Certain U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Sales	$	—		$	8,027,990		$	4,407,159		$	(348,075	)	$	12,087,074
Cost of sales	—			6,574,759			3,775,253			(348,075		)	10,001,937
Gross profit	—			1,453,231			631,906			—			2,085,137
Operating expenses	256,612			913,137			599,942			—			1,769,691
Operating income (loss)	(256,612		)	540,094			31,964			—			315,446
Interest expense (income)	94,229			(24,501		)	7,314			—			77,042
Other expense (income), net	1,922			(365		)	650			—			2,207
Earnings (losses) before income taxes	(352,763		)	564,960			24,000			—			236,197
Income tax (benefit) provision	(121,267		)	191,470			8,015			—			78,218
Equity in earnings of subsidiaries	389,475			—			—			(389,475		)	—
Net earnings	157,979			373,490			15,985			(389,475		)	157,979
Other comprehensive income (loss)	(85,484		)	—			(91,853		)	91,853			(85,484		)
Comprehensive income	$	72,495		$	373,490		$	(75,868	)	$	(297,622	)	$	72,495



	Condensed Consolidating Statement of Comprehensive Income
	For the 26-Week Period Ended Dec. 26, 2015
	Sysco			Certain U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Sales	$	—		$	16,723,622		$	8,819,741		$	(827,126	)	$	24,716,237
Cost of sales	—			13,582,194			7,566,360			(827,126		)	20,321,428
Gross profit	—			3,141,428			1,253,381			—			4,394,809
Operating expenses	405,851			1,896,128			1,166,773			—			3,468,752
Operating income (loss)	(405,851		)	1,245,300			86,608			—			926,057
Interest expense (income)	216,415			(80,002		)	37,729			—			174,142
Other expense (income), net	(9,913		)	(829		)	(12,262		)	—			(23,004		)
Earnings (losses) before income taxes	(612,353		)	1,326,131			61,141			—			774,919
Income tax (benefit) provision	(203,956		)	441,691			20,365			—			258,100
Equity in earnings of subsidiaries	925,216			—			—			(925,216		)	—
Net earnings	516,819			884,440			40,776			(925,216		)	516,819
Other comprehensive income (loss)	(121,980		)	—			(227,849		)	227,849			(121,980		)
Comprehensive income	$	394,839		$	884,440		$	(187,073	)	$	(697,367	)	$	394,839



	Condensed Consolidating Statement of Comprehensive Income
	For the 26-Week Period Ended Dec. 27, 2014
	Sysco			Certain U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Sales	$	—		$	16,350,298		$	8,871,628		$	(689,771	)	$	24,532,155
Cost of sales	—			13,349,267			7,598,805			(689,771		)	20,258,301
Gross profit	—			3,001,031			1,272,823			—			4,273,854
Operating expenses	447,509			1,845,332			1,199,954			—			3,492,795
Operating income (loss)	(447,509		)	1,155,699			72,869			—			781,059
Interest expense (income)	144,395			(45,975		)	9,556			—			107,976
Other expense (income), net	(480		)	(764		)	1,263			—			19
Earnings (losses) before income taxes	(591,424		)	1,202,438			62,050			—			673,064
Income tax (benefit) provision	(207,611		)	422,101			21,782			—			236,272
Equity in earnings of subsidiaries	820,605			—			—			(820,605		)	—
Net earnings	436,792			780,337			40,268			(820,605		)	436,792
Other comprehensive income (loss)	(185,993		)	—			(163,107		)	163,107			(185,993		)
Comprehensive income	$	250,799		$	780,337		$	(122,839	)	$	(657,498	)	$	250,799



	Condensed Consolidating Cash Flows
	For the 26-Week Period Ended Dec. 26, 2015
	Sysco			Certain U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Consolidated Totals
	(In thousands)
Cash flows provided by (used for):
Operating activities	$	(576,817	)	$	427,995		$	617,703		$	468,881
Investing activities	123,371			(43,744		)	(246,913		)	(167,286		)
Financing activities	(4,871,105		)	(1,003		)	76,773			(4,795,335		)
Effect of exchange rates on cash	—			—			(40,702		)	(40,702		)
Intercompany activity	679,954			(343,252		)	(336,702		)	—
Net increase (decrease) in cash and cash equivalents	(4,644,597		)	39,996			70,159			(4,534,442		)
Cash and cash equivalents at the beginning of period	4,851,067			26,380			252,597			5,130,044
Cash and cash equivalents at the end of period	$	206,470		$	66,376		$	322,756		$	595,602



	Condensed Consolidating Cash Flows
	For the 26-Week Period Ended Dec. 27, 2014
	Sysco			Certain U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Consolidated Totals
	(In thousands)
Cash flows provided by (used for):
Operating activities	$	(111,482	)	$	654,460		$	(90,540	)	$	452,438
Investing activities	(59,843		)	(62,747		)	(222,578		)	(345,168		)
Financing activities	4,391,966			2,161			32,639			4,426,766
Effect of exchange rates on cash	—			—			(39,405		)	(39,405		)
Intercompany activity	324,639			(600,204		)	275,565			—
Net increase (decrease) in cash and cash equivalents	4,545,280			(6,330		)	(44,319		)	4,494,631
Cash and cash equivalents at the beginning of period	158,957			27,772			226,317			413,046
Cash and cash equivalents at the end of period	$	4,704,237		$	21,442		$	181,998		$	4,907,677