DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Jun. 29, 2019

Sysco’s debt consists of the following:



	Jun. 29, 2019			Jun. 30, 2018
	(In thousands)
Commercial paper, interest at 2.56% as of June 29, 2019	$	132,081		$	—
Senior notes, interest at 1.90%, maturing in fiscal 2019 ⁽¹⁾	—			491,700
Senior notes, interest at 5.375%, maturing in fiscal 2019 ⁽¹⁾	—			249,701
Senior notes, interest at 2.60%, maturing in fiscal 2021 ⁽¹⁾	744,034			724,047
Senior notes, interest at 2.50%, maturing in fiscal 2022 ⁽¹⁾	494,814			477,411
Senior notes, interest at 2.60%, maturing in fiscal 2022 ⁽¹⁾	447,509			446,681
Senior notes, interest at 1.25%, maturing in fiscal 2023 ⁽¹⁾	576,771			580,196
Senior notes, interest at 3.55%, maturing in fiscal 2025 ⁽¹⁾	521,490			492,606
Senior notes, interest at 3.65%, maturing in fiscal 2025 ⁽¹⁾	379,658			—
Senior notes, interest at 3.75%, maturing in fiscal 2026 ⁽¹⁾	747,330			746,879
Senior notes, interest at 3.30%, maturing in fiscal 2027 ⁽¹⁾	993,084			992,176
Debentures, interest at 7.16%, maturing in fiscal 2027 ⁽²⁾	44,272			44,276
Senior notes, interest at 3.25%, maturing in fiscal 2028 ⁽¹⁾	743,304			742,555
Debentures, interest at 6.50%, maturing in fiscal 2029 ⁽²⁾	162,150			162,276
Senior notes, interest at 5.375%, maturing in fiscal 2036 ⁽¹⁾	382,250			382,010
Senior notes, interest at 6.625%, maturing in fiscal 2039 ⁽¹⁾	199,198			201,766
Senior notes, interest at 4.85%, maturing in fiscal 2046 ⁽¹⁾	495,860			495,709
Senior notes, interest at 4.50%, maturing in fiscal 2046 ⁽¹⁾	494,215			494,090
Senior notes, interest at 4.45%, maturing in fiscal 2048 ⁽¹⁾	492,579			493,165
Notes payable, capital leases, and other debt, interest averaging 4.99% and maturing at various dates to fiscal 2031 as of June 29, 2019 and 6.33% and maturing at various dates to fiscal 2026 as of June 30, 2018	112,738			110,026
Total debt	8,163,337			8,327,270
Less current maturities of long-term debt	(37,322		)	(782,329		)
Less notes payable	(3,957		)	(4,176		)
Net long-term debt	$	8,122,058		$	7,540,765


⁽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 29, 2019, 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)
2020	$	35,197
2021	775,518
2022	967,931
2023	581,225
2024	8,352