Supplemental Guarantor Information - Subsidiary Guarantees (Tables)

6 Months Ended

Dec. 31, 2016

Supplemental Guarantor Information - Subsidiary Guarantees [Abstract]

Condensed consolidating balance sheet table

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 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. 31, 2016
	Sysco			U.S. Broadline Subsidiaries		Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
Current assets	$	206,476		$	3,119,177	$	4,685,553	$	—		$	8,011,206
Investment in subsidiaries	9,611,180			239,903		10,338,929		(20,190,012		)	—
Plant and equipment, net	364,717			1,277,881		2,688,531		—			4,331,129
Other assets	185,437			509,301		4,592,993		—			5,287,731
Total assets	$	10,367,810		$	5,146,262	$	22,306,006	$	(20,190,012	)	$	17,630,066
Current liabilities	$	527,836		$	1,738,202	$	2,786,248	$	—		$	5,052,286
Intercompany payables (receivables)	(3,007,585		)	574,043		2,433,542		—			—
Long-term debt	8,056,499			6,688		250,464		—			8,313,651
Other liabilities	1,032,328			163,640		513,217		—			1,709,185
Noncontrolling interest	—			—		78,905		—			78,905
Shareholders’ equity	3,758,732			2,663,689		16,243,630		(20,190,012		)	2,476,039
Total liabilities and shareholders’ equity	$	10,367,810		$	5,146,262	$	22,306,006	$	(20,190,012	)	$	17,630,066

	Condensed Consolidating Balance Sheet
	July 2, 2016
	Sysco			U.S. Broadline Subsidiaries		Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Current assets	$	3,440,206		$	3,813,524	$	2,800,169		$	—		$	10,053,899
Investment in subsidiaries	6,484,258			224,138		(306,219		)	(6,402,177		)	—
Plant and equipment, net	429,890			1,587,702		1,862,850			—			3,880,442
Other assets	213,186			642,525		1,931,752			—			2,787,463
Total assets	$	10,567,540		$	6,267,889	$	6,288,552		$	(6,402,177	)	$	16,721,804
Current liabilities	$	621,925		$	111,728	$	3,700,803		$	—		$	4,434,456
Intercompany payables (receivables)	(1,348,425		)	2,097,508		(749,083		)	—			—
Long-term debt	7,145,955			62,387		128,588			—			7,336,930
Other liabilities	878,834			248,493		268,097			—			1,395,424
Noncontrolling interest	—			—		75,386			—			75,386
Shareholders’ equity	3,269,251			3,747,773		2,864,761			(6,402,177		)	3,479,608
Total liabilities and shareholders’ equity	$	10,567,540		$	6,267,889	$	6,288,552		$	(6,402,177	)	$	16,721,804

	Condensed Consolidating Balance Sheet
	Dec. 26, 2015
	Sysco		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 statement of comprehensive income table

	Condensed Consolidating Statement of Comprehensive Income
	For the 13-Week Period Ended Dec. 31, 2016
	Sysco			U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
Sales	$	—		$	4,941,780		$	8,960,965	$	(445,477	)	$	13,457,268
Cost of sales	—			3,972,457			7,358,425		(445,477		)	10,885,405
Gross profit	—			969,323			1,602,540		—			2,571,863
Operating expenses	232,825			589,788			1,256,833		—			2,079,446
Operating income (loss)	(232,825		)	379,535			345,707		—			492,417
Interest expense (income)	(64,696		)	(16,779		)	153,706		—			72,231
Other expense (income), net	(5,295		)	(522		)	3,497		—			(2,320		)
Earnings (losses) before income taxes	(162,834		)	396,836			188,504		—			422,506
Income tax (benefit) provision	(56,637		)	137,911			66,065		—			147,339
Equity in earnings of subsidiaries	381,364			—			—		(381,364		)	—
Net earnings	275,167			258,925			122,439		(381,364		)	275,167
Other comprehensive income (loss)	(147,656		)	—			29,292		(29,292		)	(147,656		)
Comprehensive income	$	127,511		$	258,925		$	151,731	$	(410,656	)	$	127,511

	Condensed Consolidating Statement of Comprehensive Income
	For the 13-Week Period Ended Dec. 26, 2015
	Sysco			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 26-Week Period Ended Dec. 31, 2016
	Sysco			U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Sales	$	—		$	13,474,639		$	14,841,676		$	(890,393	)	$	27,425,922
Cost of sales	—			10,846,639			12,205,894			(890,393		)	22,162,140
Gross profit	—			2,628,000			2,635,782			—			5,263,782
Operating expenses	450,729			1,547,752			2,206,051			—			4,204,532
Operating income (loss)	(450,729		)	1,080,248			429,731			—			1,059,250
Interest expense (income)	4,193			(41,813		)	183,474			—			145,854
Other expense (income), net	(20,186		)	(745		)	11,395			—			(9,536		)
Earnings (losses) before income taxes	(434,736		)	1,122,806			234,862			—			922,932
Income tax (benefit) provision	(152,558		)	394,017			82,419			—			323,878
Equity in earnings of subsidiaries	881,232			—			—			(881,232		)	—
Net earnings	599,054			728,789			152,443			(881,232		)	599,054
Other comprehensive income (loss)	(224,478		)	—			(428,807		)	428,807			(224,478		)
Comprehensive income	$	374,576		$	728,789		$	(276,364	)	$	(452,425	)	$	374,576

	Condensed Consolidating Statement of Comprehensive Income
	For the 26-Week Period Ended Dec. 26, 2015
	Sysco			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 cash flows table

	Condensed Consolidating Cash Flows
	For the 26-Week Period Ended Dec. 31, 2016
	Sysco			U.S. Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Consolidated Totals
	(In thousands)
Cash flows provided by (used for):
Operating activities	$	(86,739	)	$	3,074,384		$	(2,382,721	)	$	604,924
Investing activities	(54,886		)	(50,362		)	(3,079,266		)	(3,184,514		)
Financing activities	(355,064		)	(64,098		)	(62,641		)	(481,803		)
Effect of exchange rates on cash	—			—			(10,613		)	(10,613		)
Intercompany activity	(2,767,982		)	(2,975,436		)	5,743,418			—
Net increase (decrease) in cash and cash equivalents	(3,264,673		)	(15,512		)	208,177			(3,072,008		)
Cash and cash equivalents at the beginning of period	3,376,412			34,072			508,816			3,919,300
Cash and cash equivalents at the end of period	$	111,739		$	18,560		$	716,993		$	847,292

	Condensed Consolidating Cash Flows
	For the 26-Week Period Ended Dec. 26, 2015
	Sysco			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