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Supplemental Guarantor Information - Subsidiary Guarantees (Tables)
 9 Months Ended
Mar. 30, 2019
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
 
Mar. 30, 2019
 
Sysco
 
Certain U.S.
 Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Current assets
$
163,070

 
$
4,281,687

 
$
4,010,792

 
$
—

 
$
8,455,549

Intercompany receivables
7,078,153

 
124,572

 
1,672,208

 
(8,874,933
)
 
—

Investment in subsidiaries
6,227,092

 
—

 
1,193,850

 
(7,420,942
)
 
—

Plant and equipment, net
243,519

 
2,101,630

 
2,031,910

 
—

 
4,377,059

Other assets
755,655

 
687,844

 
4,432,595

 
(507,903
)
 
5,368,191

Total assets
$
14,467,489

 
$
7,195,733

 
$
13,341,355

 
$
(16,803,778
)
 
$
18,200,799

Current liabilities
$
918,395

 
$
992,713

 
$
4,589,050

 
$
—

 
$
6,500,158

Intercompany payables
2,917,036

 
2,753,120

 
3,204,777

 
(8,874,933
)
 
—

Long-term debt
7,697,302

 
8,621

 
428,538

 
—

 
8,134,461

Other liabilities
572,859

 
525,069

 
579,198

 
(507,903
)
 
1,169,223

Noncontrolling interest
—

 
—

 
35,060

 
—

 
35,060

Shareholders’ equity
2,361,897

 
2,916,210

 
4,504,732

 
(7,420,942
)
 
2,361,897

Total liabilities and shareholders’ equity
$
14,467,489

 
$
7,195,733

 
$
13,341,355

 
$
(16,803,778
)
 
$
18,200,799


 
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
 
Mar. 31, 2018
 
Sysco
 
Certain U.S.
 Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Current assets
$
273,948

 
$
4,093,321

 
$
4,348,602

 
$
—

 
$
8,715,871

Intercompany receivables
3,344,142

 
590,025

 
—

 
(3,934,167
)
 
—

Investment in subsidiaries
7,771,987

 
—

 
—

 
(7,771,987
)
 
—

Plant and equipment, net
263,472

 
2,047,608

 
2,081,078

 
—

 
4,392,158

Other assets
891,242

 
553,270

 
4,761,664

 
(685,063
)
 
5,521,113

Total assets
$
12,544,791

 
$
7,284,224

 
$
11,191,344

 
$
(12,391,217
)
 
$
18,629,142

Current liabilities
$
623,141

 
$
3,704,927

 
$
1,718,131

 
$
—

 
$
6,046,199

Intercompany payables
—

 
—

 
3,934,167

 
(3,934,167
)
 
—

Long-term debt
8,761,475

 
6,429

 
67,252

 
—

 
8,835,156

Other liabilities
808,962

 
531,480

 
705,286

 
(685,063
)
 
1,360,665

Noncontrolling interest
—

 
—

 
35,909

 
—

 
35,909

Shareholders’ equity
2,351,213

 
3,041,388

 
4,730,599

 
(7,771,987
)
 
2,351,213

Total liabilities and shareholders’ equity
$
12,544,791

 
$
7,284,224

 
$
11,191,344

 
$
(12,391,217
)
 
$
18,629,142
Condensed consolidating statement of comprehensive income table
 
Condensed Consolidated Statement of Comprehensive Income
 
For the 13-Week Period Ended Mar. 30, 2019
 
Sysco
 
Certain U.S.
 Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Sales
$
—

 
$
9,135,852

 
$
6,098,725

 
$
(576,503
)
 
$
14,658,074

Cost of sales
—

 
7,392,718

 
5,087,561

 
(576,503
)
 
11,903,776

Gross profit
—

 
1,743,134

 
1,011,164

 
—

 
2,754,298

Operating expenses
206,795

 
1,025,383

 
992,535

 
—

 
2,224,713

Operating income (loss)
(206,795
)
 
717,751

 
18,629

 
—

 
529,585

Interest expense (income) (1)
55,925

 
(43,056
)
 
81,645

 
—

 
94,514

Other expense (income), net
(1,730
)
 
(80
)
 
5,930

 
—

 
4,120

Earnings (losses) before income taxes
(260,990
)
 
760,887

 
(68,946
)
 
—

 
430,951

Income tax (benefit) provision
(183,601
)
 
188,703

 
(14,234
)
 
—

 
(9,132
)
Equity in earnings of subsidiaries
517,472

 
—

 
107,865

 
(625,337
)
 
—

Net earnings
440,083

 
572,184

 
53,153

 
(625,337
)
 
440,083

Other comprehensive income (loss)
40,938

 
—

 
37,471

 
(37,471
)
 
40,938

Comprehensive income
$
481,021

 
$
572,184

 
$
90,624

 
$
(662,808
)
 
$
481,021

 

(1) 
Interest expense (income) includes $43.1 million of intercompany interest income, net, for certain of the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation for the third quarter ended March 30, 2019. 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 Mar. 31, 2018
 
Sysco
 
Certain U.S.
 Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Sales
$
—

 
$
8,762,013

 
$
6,078,876

 
$
(491,385
)
 
$
14,349,504

Cost of sales
—

 
7,105,014

 
5,060,247

 
(491,385
)
 
11,673,876

Gross profit
—

 
1,656,999

 
1,018,629

 
—

 
2,675,628

Operating expenses
192,451

 
1,002,854

 
998,120

 
—

 
2,193,425

Operating income (loss)
(192,451
)
 
654,145

 
20,509

 
—

 
482,203

Interest expense (income) (1)
160,334

 
(28,743
)
 
4,554

 
—

 
136,145

Other expense (income), net
(8,744
)
 
612

 
(10,694
)
 
—

 
(18,826
)
Earnings (losses) before income taxes
(344,041
)
 
682,276

 
26,649

 
—

 
364,884

Income tax (benefit) provision
(117,286
)
 
151,090

 
995

 
—

 
34,799

Equity in earnings of subsidiaries
556,840

 
—

 
—

 
(556,840
)
 
—

Net earnings
330,085

 
531,186

 
25,654

 
(556,840
)
 
330,085

Other comprehensive income (loss)
40,544

 
—

 
72,010

 
(72,010
)
 
40,544

Comprehensive income
$
370,629

 
$
531,186

 
$
97,664

 
$
(628,850
)
 
$
370,629


(1) 
Interest expense (income) includes $28.7 million of intercompany interest income, net, for certain of the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation for the third quarter ended March 31, 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 39-Week Period Ended Mar. 30, 2019
 
Sysco
 
Certain U.S.
 Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Sales
$
—

 
$
27,716,772

 
$
18,662,548

 
$
(1,740,260
)
 
$
44,639,060

Cost of sales
—

 
22,434,604

 
15,514,921

 
(1,740,260
)
 
36,209,265

Gross profit
—

 
5,282,168

 
3,147,627

 
—

 
8,429,795

Operating expenses
659,697

 
3,113,409

 
3,047,069

 
—

 
6,820,175

Operating income (loss)
(659,697
)
 
2,168,759

 
100,558

 
—

 
1,609,620

Interest expense (income) (1)
160,830

 
(73,515
)
 
183,328

 
—

 
270,643

Other expense (income), net
8,642

 
(220
)
 
7,027

 
—

 
15,449

Earnings (losses) before income taxes
(829,169
)
 
2,242,494

 
(89,797
)
 
—

 
1,323,528

Income tax (benefit) provision
(350,246
)
 
556,107

 
(20,838
)
 
—

 
185,023

Equity in earnings of subsidiaries
1,617,428

 
—

 
330,236

 
(1,947,664
)
 
—

Net earnings
1,138,505

 
1,686,387

 
261,277

 
(1,947,664
)
 
1,138,505

Other comprehensive income (loss)
(74,200
)
 
—

 
(88,989
)
 
88,989

 
(74,200
)
Comprehensive income
$
1,064,305

 
$
1,686,387

 
$
172,288

 
$
(1,858,675
)
 
$
1,064,305

 

(1) 
Interest expense (income) includes $73.5 million of intercompany interest income, net, for certain of 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 Consolidated Statement of Comprehensive Income
 
For the 39-Week Period Ended Mar. 31, 2018
 
Sysco
 
Certain U.S.
 Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Totals
 
(In thousands)
Sales
$
—

 
$
26,537,840

 
$
18,368,427

 
$
(1,494,849
)
 
$
43,411,418

Cost of sales
—

 
21,482,727

 
15,254,858

 
(1,494,849
)
 
35,242,736

Gross profit
—

 
5,055,113

 
3,113,569

 
—

 
8,168,682

Operating expenses
599,300

 
3,002,446

 
2,936,816

 
—

 
6,538,562

Operating income (loss)
(599,300
)
 
2,052,667

 
176,753

 
—

 
1,630,120

Interest expense (income) (1)
368,099

 
(80,048
)
 
14,964

 
—

 
303,015

Other expense (income), net
(27,573
)
 
1,466

 
(9,856
)
 
—

 
(35,963
)
Earnings (losses) before income taxes
(939,826
)
 
2,131,249

 
171,645

 
—

 
1,363,068

Income tax (benefit) provision
(333,562
)
 
663,476

 
51,316

 
—

 
381,230

Equity in earnings of subsidiaries
1,588,102

 
—

 
—

 
(1,588,102
)
 
—

Net earnings
981,838

 
1,467,773

 
120,329

 
(1,588,102
)
 
981,838

Other comprehensive income (loss)
187,253

 
—

 
212,594

 
(212,594
)
 
187,253

Comprehensive income
$
1,169,091

 
$
1,467,773

 
$
332,923

 
$
(1,800,696
)
 
$
1,169,091


(1) 
Interest expense (income) includes $80.0 million of intercompany interest income, net, for certain of 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 Consolidated Cash Flows
 
For the 39-Week Period Ended Mar. 30, 2019
 
Sysco
 
Certain U.S.
 Broadline
Subsidiaries
 
Other
Non-Guarantor
Subsidiaries
 
Elimination (1)
 
Consolidated
Totals
 
(In thousands)
Cash flows provided by (used for):
 
 
 
 
 
 
 
 
 
Operating activities
$
976,731

 
$
132,990

 
$
255,504

 
$
—

 
$
1,365,225

Investing activities
349,816

 
(133,190
)
 
(293,088
)
 
(503,397
)
 
(579,859
)
Financing activities
(1,338,077
)
 
(6,850
)
 
(98,285
)
 
503,397

 
(939,815
)
Effect of exchange rates on cash
—

 
—

 
(11,619
)
 
—

 
(11,619
)
Net (decrease) in cash, cash equivalents and restricted cash
(11,530
)
 
(7,050
)
 
(147,488
)
 
—

 
(166,068
)
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
$
17,614

 
$
104,793

 
$
427,369

 
$
—

 
$
549,776


(1) 
Represents primarily intercompany loans between the subsidiaries and the parent, Sysco Corporation.

 
Condensed Consolidated Cash Flows
 
For the 39-Week Period Ended Mar. 31, 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
$
333,522

 
$
328,096

 
$
459,317

 
$
—

 
$
1,120,935

Investing activities
(118,952
)
 
(235,164
)
 
(349,564
)
 
147,622

 
(556,058
)
Financing activities
(227,327
)
 
(5,609
)
 
(31,441
)
 
(147,622
)
 
(411,999
)
Effect of exchange rates on cash
—

 
—

 
24,745

 
—

 
24,745

Net increase (decrease) in cash and cash equivalents
(12,757
)
 
87,323

 
103,057

 
—

 
177,623

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
$
98,819

 
$
106,111

 
$
842,195

 
$
—

 
$
1,047,125


(1) 
Represents primarily intercompany loans between the subsidiaries and the parent, Sysco Corporation.