DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule of debt

Sysco’s debt consists of the following:

	Jun. 30, 2018			Jul. 1, 2017
	(In thousands)
Commercial paper, interest at 1.42% as of July 1, 2017	$	—		$	119,691
Senior notes, interest at 5.25%, matured in fiscal 2018 (1)	—			500,311
Senior notes, interest at 1.90%, maturing in fiscal 2019 (1)	491,700			491,260
Senior notes, interest at 5.375%, maturing in fiscal 2019 (1)	249,701			249,456
Senior notes, interest at 2.60%, maturing in fiscal 2021 (1)	724,047			739,239
Senior notes, interest at 2.50%, maturing in fiscal 2022 (1)	477,411			488,554
Senior notes, interest at 2.60%, maturing in fiscal 2022 (1)	446,681			445,853
Senior notes, interest at 1.25%, maturing in fiscal 2023 (1)	580,196			566,767
Senior notes, interest at 3.55%, maturing in fiscal 2025 (1)	492,606			—
Senior notes, interest at 3.75%, maturing in fiscal 2026 (1)	746,879			746,288
Senior notes, interest at 3.30%, maturing in fiscal 2027 (1)	992,176			991,370
Debentures, interest at 7.16%, maturing in fiscal 2027 (2)	44,276			50,000
Senior notes, interest at 3.25%, maturing in fiscal 2028 (1)	742,555			742,526
Debentures, interest at 6.50%, maturing in fiscal 2029 (1)	162,276			223,822
Senior notes, interest at 5.375%, maturing in fiscal 2036 (1)	382,010			497,089
Senior notes, interest at 6.625%, maturing in fiscal 2039 (1)	201,766			248,396
Senior notes, interest at 4.85%, maturing in fiscal 2046 (1)	495,709			495,552
Senior notes, interest at 4.50%, maturing in fiscal 2046 (1)	494,090			493,981
Senior notes, interest at 4.45%, maturing in fiscal 2048 (1)	493,165			—
Notes payable, capital leases, and other debt, interest averaging 6.33% and maturing at various dates to fiscal 2026 as of June 30, 2018 and 6.14% and maturing at various dates to fiscal 2026 as of July 1, 2017	110,026			104,735
Total debt	8,327,270			8,194,890
Less current maturities of long-term debt	(782,329		)	(530,075		)
Less notes payable	(4,176		)	(3,938		)
Net long-term debt	$	7,540,765		$	7,660,877

⁽¹⁾  Represents senior notes that are unsecured, are not subject to any sinking fund requirement and include a redemption provision that allows Sysco to retire the debentures and notes at any time prior to maturity at the greater of par plus accrued interest or an amount designed to ensure that the debenture and note holders are not penalized by the early redemption.

⁽²⁾  This debenture is not subject to any sinking fund requirement and is no longer redeemable prior to maturity.

Long-term debt principal payments for the next five years table

As of June 30, 2018, the principal payments required to be made during the next five fiscal years on long-term debt, excluding notes payable and commercial paper, are shown below:

	Amount
	(In thousands)
2019	$	788,309
2020	23,764
2021	768,076
2022	962,884
2023	590,112

Schedule of senior notes

On March 19, 2018, Sysco issued senior notes (the Notes) totaling $1.0 billion. Details of the Notes are as follows:

Maturity Date	Par Value (in millions)		Coupon Rate		Pricing (percentage of par)
March 15, 2025 (the 2025 Notes)	$	500	3.55	%	99.480	%
March 15, 2048 (the 2048 Notes)	500		4.45		99.378

Debentures and senior notes purchased

Details of the debentures and senior notes purchased are as follows:

Maturity Date	Par Value		Coupon Rate		Principal amount tendered		Remaining Par Value after tender offer		Cash amount paid (including interest)
	(Dollars in millions)
April 15, 2027	$	50	7.160	%	$	5.7	$	44.3	$	7.4
August 1, 2028	225		6.500		61.9		163.1		77.3
September 21, 2035	500		5.375		115.9		384.1		134.3
March 17, 2039	250		6.625		47.0		203.0		63.7