BUSINESS SEGMENT INFORMATION

9 Months Ended

Apr. 02, 2022

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

Sysco distributes food and related products to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Our primary operations are located in North America and Europe. Under the accounting provisions related to disclosures about segments of an enterprise, we have aggregated certain operating segments into three reportable segments. “Other” financial information is attributable to our other operating segments that do not meet the quantitative disclosure thresholds.

•U.S. Foodservice Operations – includes (a) the company’s U.S. Broadline operations, which distribute a full line of food products, including custom-cut meat, seafood, produce, specialty Italian, specialty imports and a wide variety of non-food products and (b) our U.S. Specialty operations, which include our FreshPoint fresh production distribution business, our Specialty Meats and Seafood Group specialty protein operations and a number of small specialty businesses that are not material to the operations of Sysco;

•International Foodservice Operations – includes operations in the Americas (primarily outside of the U.S. and Europe), which distribute a full line of food products and a wide variety of non-food products. The Americas primarily consists of operations in Canada, 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 U.K., France, Ireland and Sweden;

•SYGMA – our U.S. customized distribution operations serving quick-service chain restaurant customer locations; and

•Other – primarily our hotel supply operations, Guest Worldwide.

The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated financial statements. Our Global Support Center generally includes all expenses of the corporate office and Sysco’s shared service operations. These also include all U.S. 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
	Apr. 2, 2022		Mar. 27, 2021		Apr. 2, 2022		Mar. 27, 2021
Sales:	(In thousands)				(In thousands)
U.S. Foodservice Operations	$	12,006,163	$	8,360,241	$	35,107,281	$	24,205,917
International Foodservice Operations	2,834,089		1,723,126		8,535,608		5,854,608
SYGMA	1,794,837		1,580,695		5,270,193		4,625,244
Other	267,050		160,527		765,806		475,181
Total	$	16,902,139	$	11,824,589	$	49,678,888	$	35,160,950
	13-Week Period Ended				39-Week Period Ended
	Apr. 2, 2022		Mar. 27, 2021		Apr. 2, 2022		Mar. 27, 2021
Operating income (loss):	(In thousands)				(In thousands)
U.S. Foodservice Operations	$	746,467	$	545,502	$	2,220,812	$	1,619,162
International Foodservice Operations	7,760		(121,487)		55,181		(201,973)
SYGMA	4,362		12,937		(4,814)		35,957
Other	(3,972)		5,884		2,667		4,861
Total segments	754,617		442,836		2,273,846		1,458,007
Global Support Center	(258,888)		(206,919)		(701,526)		(590,449)
Total operating income	495,729		235,917		1,572,320		867,558
Interest expense	124,018		145,773		495,131		438,988
Other (income) expense, net	(13,777)		(12,708)		(27,705)		(14,140)
Earnings before income taxes	$	385,488	$	102,852	$	1,104,894	$	442,710