Business Segment Information

9 Months Ended

Mar. 28, 2020

BUSINESS SEGMENT INFORMATION

The company has aggregated certain of its operating segments into three reportable segments. “Other” financial information is attributable to the company’s other operating segments that do not meet the quantitative disclosure thresholds.

•U.S. Foodservice Operations - primarily includes U.S. Broadline operations, which distribute a full line of food products including custom-cut meat, seafood, specialty produce, specialty imports and a wide variety of non-food products;

•International Foodservice Operations - primarily includes operations that the company has grouped into Canada, Latin America and Europe, which distribute a full line of food products and a wide variety of non-food products. Latin America primarily consists of operations in Bahamas, Mexico, Costa Rica and Panama, as well as our operations that distribute to international customers. Our European operations primarily consist of operations in the United Kingdom, France, Ireland and Sweden;

•SYGMA - our U.S. customized distribution subsidiary; and

•Other - primarily our hotel supply operations and Sysco Labs, which includes our suite of technology solutions that help support the business needs of our customers and provide support for some of our business technology needs.

The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated financial statements. Corporate expenses generally include all expenses of the corporate office and Sysco’s shared services center. These expenses also include all share-based compensation costs.

The following tables set forth certain financial information for Sysco’s reportable business segments.


	13-Week Period Ended						39-Week Period Ended
	Mar. 28, 2020		Mar. 30, 2019		Mar. 28, 2020		Mar. 30, 2019
Sales:	(In thousands)						(In thousands)
U.S. Foodservice Operations	$	9,587,005	$	10,105,283	$	30,659,215	$	30,591,799
International Foodservice Operations	2,508,642		2,757,891		8,311,081		8,569,439
SYGMA	1,364,111		1,537,312		4,266,998		4,695,376
Other	238,941		257,588		789,452		782,446
Total	$	13,698,699	$	14,658,074	$	44,026,746	$	44,639,060

	13-Week Period Ended						39-Week Period Ended
	Mar. 28, 2020		Mar. 30, 2019		Mar. 28, 2020		Mar. 30, 2019
Operating income:	(In thousands)						(In thousands)
U.S. Foodservice Operations	$	528,025	$	765,425	$	2,158,211	$	2,318,660
International Foodservice Operations	(83,786)		10,145		5,895		62,000
SYGMA	10,301		11,668		27,732		17,213
Other	(19,051)		6,376		486		22,429
Total segments	435,489		793,614		2,192,324		2,420,302
Corporate	(375,215)		(264,029)		(911,239)		(810,682)
Total operating income	60,274		529,585		1,281,085		1,609,620
Interest expense	83,854		94,514		243,951		270,643
Other expense (income), net	5,200		4,120		7,505		15,449
Earnings (loss) before income taxes	$	(28,780)	$	430,951	$	1,029,629	$	1,323,528