Supplemental Guarantor Information - Subsidiary Guarantees (Tables)

3 Months Ended

Sep. 29, 2018

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 (certain 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 Consolidated Balance Sheet
	Sep. 29, 2018
	Sysco		Certain U.S.  Broadline Subsidiaries		Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
Current assets	$	370,826	$	4,299,713	$	3,971,717	$	—		$	8,642,256
Intercompany receivables	6,861,262		83,000		6,301,987		(13,246,249		)	—
Investment in subsidiaries	5,472,246		—		1,082,550		(6,554,796		)	—
Plant and equipment, net	278,439		2,150,263		2,038,201		—			4,466,903
Other assets	747,638		669,256		4,536,366		(520,337		)	5,432,923
Total assets	$	13,730,411	$	7,202,232	$	17,930,821	$	(20,321,382	)	$	18,542,082
Current liabilities	$	1,263,290	$	904,086	$	4,473,576	$	—		$	6,640,952
Intercompany payables	1,757,839		3,264,045		8,224,365		(13,246,249		)	—
Long-term debt	7,460,238		10,765		443,341		—			7,914,344
Other liabilities	610,469		550,171		671,022		(520,337		)	1,311,325
Noncontrolling interest	—		—		36,887		—			36,887
Shareholders’ equity	2,638,575		2,473,165		4,081,630		(6,554,796		)	2,638,574
Total liabilities and shareholders’ equity	$	13,730,411	$	7,202,232	$	17,930,821	$	(20,321,382	)	$	18,542,082

	Condensed Consolidated Balance Sheet
	Jun. 30, 2018
	Sysco		Certain U.S.  Broadline Subsidiaries		Other Non-Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
Current assets	$	157,994	$	4,018,444	$	3,827,015	$	—		$	8,003,453
Intercompany receivables	6,621,438		270,748		5,793,352		(12,685,538		)	—
Investment in subsidiaries	4,896,004		—		983,625		(5,879,629		)	—
Plant and equipment, net	278,855		2,181,576		2,061,229		—			4,521,660
Other assets	788,473		611,004		4,593,537		(447,723		)	5,545,291
Total assets	$	12,742,764	$	7,081,772	$	17,258,758	$	(19,012,890	)	$	18,070,404
Current liabilities	$	1,233,541	$	886,305	$	4,468,900	$	—		$	6,588,746
Intercompany payables	882,487		3,798,134		8,004,917		(12,685,538		)	—
Long-term debt	7,470,334		8,285		62,146		—			7,540,765
Other liabilities	649,445		508,387		686,178		(447,723		)	1,396,287
Noncontrolling interest	—		—		37,649		—			37,649
Shareholders’ equity	2,506,957		1,880,661		3,998,968		(5,879,629		)	2,506,957
Total liabilities and shareholders’ equity	$	12,742,764	$	7,081,772	$	17,258,758	$	(19,012,890	)	$	18,070,404

	Condensed Consolidated Balance Sheet
	Sep. 30, 2017
	Sysco		Certain 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 statement of comprehensive income table

	Condensed Consolidated Statement of Comprehensive Income
	For the 13-Week Period Ended Sep. 29, 2018
	Sysco			Certain U.S.  Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Sales	$	—		$	9,479,806		$	6,234,158		$	(498,685	)	$	15,215,279
Cost of sales	—			7,660,101			5,150,078			(498,685		)	12,311,494
Gross profit	—			1,819,705			1,084,080			—			2,903,785
Operating expenses	220,281			1,052,350			1,003,014			—			2,275,645
Operating income (loss)	(220,281		)	767,355			81,066			—			628,140
Interest expense (income) (1)	41,413			(21,538		)	69,141			—			89,016
Other expense (income), net	6,600			(54		)	(5,414		)	—			1,132
Earnings (losses) before income taxes	(268,294		)	788,947			17,339			—			537,992
Income tax (benefit) provision	(93,587		)	196,445			4,092			—			106,950
Equity in earnings of subsidiaries	605,750			—			94,341			(700,091		)	—
Net earnings	431,043			592,502			107,588			(700,091		)	431,042
Other comprehensive income (loss)	(41,574		)	—			(24,927		)	24,927			(41,574		)
Comprehensive income	$	389,469		$	592,502		$	82,661		$	(675,164	)	$	389,468

⁽¹⁾  Interest expense (income) includes $21.5 million of intercompany interest income, net, for certain of the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation for the first quarter ended September 29, 2018. There is an immaterial amount of intercompany interest expense related to Sysco Corporation for the Other Non-Guarantor Subsidiaries.

	Condensed Consolidated Statement of Comprehensive Income
	For the 13-Week Period Ended Sep. 30, 2017
	Sysco			Certain 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	202,956			1,006,152			965,195			—			2,174,303
Operating income (loss)	(202,956		)	740,082			82,239			—			619,365
Interest expense (income) (1)	98,996			(23,351		)	5,239			—			80,884
Other expense (income), net	(8,707		)	785			(53		)	—			(7,975		)
Earnings (losses) before income taxes	(293,245		)	762,648			77,053			—			546,456
Income tax (benefit) provision	(95,959		)	249,561			25,214			—			178,816
Equity in earnings of subsidiaries	564,925			—			—			(564,925		)	—
Net earnings	367,639			513,087			51,839			(564,925		)	367,640
Other comprehensive income (loss)	120,159			—			121,329			(121,329		)	120,159
Comprehensive income	$	487,798		$	513,087		$	173,168		$	(686,254	)	$	487,799

⁽¹⁾  Interest expense (income) includes $23.4 million of intercompany interest income, net, for certain of the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation for the first quarter ended September 30, 2017. 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 Consolidated Cash Flows
	For the 13-Week Period Ended Sep. 29, 2018
	Sysco			Certain U.S.  Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Elimination (1)			Consolidated Totals
	(In thousands)
Cash flows provided by (used for):
Operating activities	$	167,767		$	69,459		$	33,919		$	—		$	271,145
Investing activities	361,777			(42,188		)	(12,229		)	(406,931		)	(99,571		)
Financing activities	(332,988		)	(1,581		)	(3,974		)	406,931			68,388
Effect of exchange rates on cash	—			—			(2,435		)	—			(2,435		)
Net increase (decrease) in cash, cash equivalents and restricted cash	196,556			25,690			15,281			—			237,527
Cash, cash equivalents and restricted cash at the beginning of period	29,144			111,843			574,857			—			715,844
Cash, cash equivalents and restricted cash at the end of period	$	225,700		$	137,533		$	590,138		$	—		$	953,371

⁽¹⁾  Represents primarily inter-company loans between the subsidiaries and the parent, Sysco Corporation.

	Condensed Consolidated Cash Flows
	For the Sep. 30, 2017
	Sysco			Certain U.S.  Broadline Subsidiaries			Other Non-Guarantor Subsidiaries			Elimination		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