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Supplemental Guarantor Information - Subsidiary Guarantees (Tables)
 3 Months Ended
Sep. 30, 2017
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
 
Sep. 30, 2017
 
Sysco
 
U.S.
Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Current assets
$
200,583

 
$
4,228,854

 
$
4,167,565

 
$
—

 
$
8,597,002

Intercompany receivables
4,275,051

 
966,873

 
—

 
(5,241,924
)
 
—

Investment in subsidiaries
7,138,247

 
—

 
—

 
(7,138,247
)
 
—

Plant and equipment, net
261,906

 
2,032,227

 
2,094,166

 
—

 
4,388,299

Other assets
151,031

 
514,392

 
4,767,866

 
—

 
5,433,289

Total assets
$
12,026,818

 
$
7,742,346

 
$
11,029,597

 
$
(12,380,171
)
 
$
18,418,590

Current liabilities
$
360,586

 
$
4,859,882

 
$
919,814

 
$
—

 
$
6,140,282

Intercompany payables
—

 
—

 
5,241,924

 
(5,241,924
)
 
—

Long-term debt
8,352,110

 
7,191

 
67,058

 
—

 
8,426,359

Other liabilities
1,078,868

 
20,268

 
434,451

 
—

 
1,533,587

Noncontrolling interest
—

 
—

 
83,108

 
—

 
83,108

Shareholders’ equity
2,235,254

 
2,855,005

 
4,283,242

 
(7,138,247
)
 
2,235,254

Total liabilities and shareholders’ equity
$
12,026,818

 
$
7,742,346

 
$
11,029,597

 
$
(12,380,171
)
 
$
18,418,590


 
Condensed Consolidating Balance Sheet
 
July 1, 2017
 
Sysco
 
U.S.
Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Current assets
$
177,495

 
$
3,786,055

 
$
4,069,888

 
$
—

 
$
8,033,438

Intercompany receivables
4,444,035

 
—

 
—

 
(4,444,035
)
 
—

Investment in subsidiaries
6,451,994

 
—

 
—

 
(6,451,994
)
 
—

Plant and equipment, net
258,527

 
2,039,761

 
2,079,014

 
—

 
4,377,302

Other assets
151,743

 
426,257

 
4,767,915

 
—

 
5,345,915

Total assets
$
11,483,794

 
$
6,252,073

 
$
10,916,817

 
$
(10,896,029
)
 
$
17,756,655

Current liabilities
$
650,899

 
$
3,521,661

 
$
1,923,326

 
$
—

 
$
6,095,886

Intercompany payables
—

 
276,933

 
4,167,102

 
(4,444,035
)
 
—

Long-term debt
7,588,041

 
7,776

 
65,060

 
—

 
7,660,877

Other liabilities
863,338

 
103,784

 
568,415

 
—

 
1,535,537

Noncontrolling interest
—

 
—

 
82,839

 
—

 
82,839

Shareholders’ equity
2,381,516

 
2,341,919

 
4,110,075

 
(6,451,994
)
 
2,381,516

Total liabilities and shareholders’ equity
$
11,483,794

 
$
6,252,073

 
$
10,916,817

 
$
(10,896,029
)
 
$
17,756,655


 
Condensed Consolidating Balance Sheet
 
Oct. 1, 2016
 
Sysco
 
U.S.
Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Current assets
$
226,681

 
$
4,130,493

 
$
3,778,296

 
$
—

 
$
8,135,470

Intercompany receivables
3,408,107

 
—

 
 
 
(3,408,107
)
 
 
Investment in subsidiaries
7,865,699

 
—

 
—

 
(7,865,699
)
 
—

Plant and equipment, net
394,254

 
2,032,194

 
1,992,076

 
—

 
4,418,524

Other assets
199,918

 
1,111,301

 
4,159,597

 
—

 
5,470,816

Total assets
$
12,094,659

 
$
7,273,988

 
$
9,929,969

 
$
(11,273,806
)
 
$
18,024,810

Current liabilities
$
433,751

 
$
1,708,547

 
$
3,224,252

 
$
—

 
$
5,366,550

Intercompany payables
—

 
1,617,949

 
1,790,158

 
(3,408,107
)
 
—

Long-term debt
7,607,826

 
61,663

 
174,028

 
—

 
7,843,517

Other liabilities
1,032,296

 
156,272

 
528,526

 
—

 
1,717,094

Noncontrolling interest
—

 
—

 
76,863

 
—

 
76,863

Shareholders’ equity
3,020,786

 
3,729,557

 
4,136,142

 
(7,865,699
)
 
3,020,786

Total liabilities and shareholders’ equity
$
12,094,659

 
$
7,273,988

 
$
9,929,969

 
$
(11,273,806
)
 
$
18,024,810
Condensed consolidating statement of comprehensive income table
 
Condensed Consolidating Statement of Comprehensive Income
 
For the 13-Week Period Ended Sep. 30, 2017
 
Sysco
 
U.S.
Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Sales
$
—

 
$
9,021,657

 
$
6,120,313

 
$
(491,546
)
 
$
14,650,424

Cost of sales
—

 
7,275,423

 
5,072,879

 
(491,546
)
 
11,856,756

Gross profit
—

 
1,746,234

 
1,047,434

 
—

 
2,793,668

Operating expenses
197,864

 
1,007,359

 
965,353

 
—

 
2,170,576

Operating income (loss)
(197,864
)
 
738,875

 
82,081

 
—

 
623,092

Interest expense (income) (1)
98,996

 
(23,351
)
 
5,239

 
—

 
80,884

Other expense (income), net
(3,615
)
 
(422
)
 
(211
)
 
—

 
(4,248
)
Earnings (losses) before income taxes
(293,245
)
 
762,648

 
77,053

 
—

 
546,456

Income tax (benefit) provision
(95,958
)
 
249,561

 
25,213

 
—

 
178,816

Equity in earnings of subsidiaries
564,927

 
—

 
—

 
(564,927
)
 
—

Net earnings
367,640

 
513,087

 
51,840

 
(564,927
)
 
367,640

Other comprehensive income (loss)
120,159

 
—

 
121,329

 
(121,329
)
 
120,159

Comprehensive income
$
487,799

 
$
513,087

 
$
173,169

 
$
(686,256
)
 
$
487,799

 

(1) Interest expense (income) includes $27.8 million of intercompany interest income, net, for the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation. There is an immaterial amount of intercompany interest expense related to Sysco Corporation for the Other Non-Guarantor Subsidiaries.

 
Condensed Consolidating Statement of Comprehensive Income
 
For the 52-Week Period Ended Jul. 1, 2017
 
Sysco
 
U.S.
Broadline
Subsidiaries
 
Other Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Sales
$
—

 
$
34,325,884

 
$
22,862,131

 
$
(1,816,876
)
 
$
55,371,139

Cost of sales
—

 
27,690,469

 
18,940,039

 
(1,816,876
)
 
44,813,632

Gross profit
—

 
6,635,415

 
3,922,092

 
—

 
10,557,507

Operating expenses
931,498

 
3,907,829

 
3,665,009

 
—

 
8,504,336

Operating income (loss)
(931,498
)
 
2,727,586

 
257,083

 
—

 
2,053,171

Interest expense (income) (1)
405,030

 
(122,012
)
 
19,860

 
—

 
302,878

Other expense (income), net
(23,740
)
 
(1,116
)
 
8,919

 
—

 
(15,937
)
Earnings (losses) before income taxes
(1,312,788
)
 
2,850,714

 
228,304

 
—

 
1,766,230

Income tax (benefit) provision
(463,598
)
 
1,006,703

 
80,622

 
—

 
623,727

Equity in earnings of subsidiaries
1,991,693

 
—

 
—

 
(1,991,693
)
 
—

Net earnings
1,142,503

 
1,844,011

 
147,682

 
(1,991,693
)
 
1,142,503

Other comprehensive income (loss)
95,381

 
—

 
(9,317
)
 
9,317

 
95,381

Comprehensive income
$
1,237,884

 
$
1,844,011

 
$
138,365

 
$
(1,982,376
)
 
$
1,237,884


(1) Interest expense (income) includes $135.9 million of intercompany interest income, net, for the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation. There is an immaterial amount of intercompany interest expense related to Sysco Corporation for the Other Non-Guarantor Subsidiaries.

 
Condensed Consolidating Statement of Comprehensive Income
 
For the 13-Week Period Ended Oct. 1, 2016
 
Sysco
 
U.S.
Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Sales
$
—

 
$
8,706,151

 
$
5,707,420

 
$
(444,917
)
 
$
13,968,654

Cost of sales
—

 
7,012,713

 
4,708,939

 
(444,917
)
 
11,276,735

Gross profit
—

 
1,693,438

 
998,481

 
—

 
2,691,919

Operating expenses
217,903

 
983,072

 
924,111

 
—

 
2,125,086

Operating income (loss)
(217,903
)
 
710,366

 
74,370

 
—

 
566,833

Interest expense (income) (1)
90,158

 
(21,210
)
 
4,675

 
—

 
73,623

Other expense (income), net
(14,891
)
 
(241
)
 
7,916

 
—

 
(7,216
)
Earnings (losses) before income taxes
(293,170
)
 
731,817

 
61,779

 
—

 
500,426

Income tax (benefit) provision
(103,424
)
 
258,169

 
21,794

 
—

 
176,539

Equity in earnings of subsidiaries
513,633

 
—

 
—

 
(513,633
)
 
—

Net earnings
323,887

 
473,648

 
39,985

 
(513,633
)
 
323,887

Other comprehensive income (loss)
(76,822
)
 
—

 
(89,553
)
 
89,553

 
(76,822
)
Comprehensive income
$
247,065

 
$
473,648

 
$
(49,568
)
 
$
(424,080
)
 
$
247,065


(1) Interest expense (income) includes $24.8 million of intercompany interest income, net, for the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation. There is an immaterial amount of intercompany interest expense related to Sysco Corporation for the Other Non-Guarantor Subsidiaries.

Condensed consolidating cash flows table
 
Condensed Consolidating Cash Flows
 
For the 13-Week Period Ended Sep. 30, 2017
 
Sysco
 
U.S.
 Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Consolidated
Totals
 
(In thousands)
Cash flows provided by (used for):
 
 
 
 
 
 
 
Operating activities
$
(49,085
)
 
$
76,658

 
$
55,202

 
$
82,775

Investing activities
(18,365
)
 
(53,281
)
 
(62,893
)
 
(134,539
)
Financing activities
76,568

 
(4,872
)
 
1,199

 
72,895

Effect of exchange rates on cash
—

 
—

 
18,570

 
18,570

Net increase (decrease) in cash and cash equivalents
9,118

 
18,505

 
12,078

 
39,701

Cash and cash equivalents at the beginning of period
111,576

 
18,788

 
739,138

 
869,502

Cash and cash equivalents at the end of period
$
120,694

 
$
37,293

 
$
751,216

 
$
909,203


 
Condensed Consolidating Cash Flows
 
For the 52-Week Period Ended Jul. 1, 2017
 
Sysco
 
U.S.
 Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations (1)
 
Consolidated
Totals
 
(In thousands)
Cash flows provided by (used for):
 
 
 
 
 
 
 
 
 
Operating activities
$
1,511,881

 
$
3,023,400

 
$
658,229

 
$
(2,978,000
)
 
$
2,215,510

Investing activities
(3,274,566
)
 
(261,330
)
 
(175,565
)
 
127,000

 
(3,584,461
)
Financing activities
(1,502,151
)
 
(2,777,661
)
 
(229,931
)
 
2,851,000

 
(1,658,743
)
Effect of exchange rates on cash
—

 
—

 
(22,104
)
 
—

 
(22,104
)
Net increase (decrease) in cash and cash equivalents
(3,264,836
)
 
(15,591
)
 
230,629

 
—

 
(3,049,798
)
Cash and cash equivalents at the beginning of period
3,376,412

 
34,379

 
508,509

 
—

 
3,919,300

Cash and cash equivalents at the end of period
$
111,576

 
$
18,788

 
$
739,138

 
$
—

 
$
869,502

(1) Represents primarily inter-company dividends paid from the subsidiaries to the parent, Sysco Corporation.

 
Condensed Consolidating Cash Flows
 
For the 13-Week Period Ended Oct. 1, 2016
 
Sysco
 
U.S.
 Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Consolidated
Totals
 
(In thousands)
Cash flows provided by (used for):
 
 
 
 
 
 
 
Operating activities
$
151,435

 
$
55,491

 
$
47,016

 
$
253,942

Investing activities
(3,095,842
)
 
(48,677
)
 
96,064

 
(3,048,455
)
Financing activities
(301,193
)
 
(8,894
)
 
(84,840
)
 
(394,927
)
Effect of exchange rates on cash
—

 
—

 
30,038

 
30,038

Net increase (decrease) in cash and cash equivalents
(3,245,600
)
 
(2,080
)
 
88,278

 
(3,159,402
)
Cash and cash equivalents at the beginning of period
3,376,412

 
34,379

 
508,509

 
3,919,300

Cash and cash equivalents at the end of period
$
130,812

 
$
32,299

 
$
596,787

 
$
759,898