SELF-INSURED LIABILITIES

12 Months Ended

Jun. 29, 2024

Loss Contingency [Abstract]

SELF-INSURED LIABILITIES

SELF-INSURED LIABILITIES

Sysco maintains a self-insurance program covering portions of workers’ compensation, general and vehicle liability and property insurance costs. The amounts in excess of the self-insured levels are fully insured by third party insurers. We also maintain a fully self-insured group medical program. A summary of the activity in self-insured liabilities appears below:

	2024		2023		2022
	(In millions)
Balance at beginning of period	$	485	$	397	$	359
Charged to costs and expenses	726		707		552
Payments	(667)		(619)		(514)
Balance at end of period	$	544	$	485	$	397

The long-term portion of the self-insured liability balance was $364 million and $315 million as of June 29, 2024, and July 1, 2023, respectively.