XML 50 R31.htm IDEA: XBRL DOCUMENT v3.24.2.u1
BUSINESS SEGMENT INFORMATION
 12 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION BUSINESS SEGMENT INFORMATION
We have combined certain of our operations in 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 (a) our 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 produce distribution business, our Specialty Meats and Seafood Group specialty protein operations, our growing Italian Specialty platform anchored by Greco & Sons, Inc., Edward Don, acquired in the second quarter of fiscal 2024, which distributes restaurant equipment and supplies, our Asian specialty distribution company and a number of other small specialty businesses that are not material to the operations of Sysco;
•International Foodservice Operations – includes operations outside of the U.S., 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 export operations that distribute to international customers. Our European operations primarily consist of operations in the United Kingdom (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 expenses generally include 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 business segments.

Fiscal Year
 202420232022
Sales:(In millions)
U.S. Foodservice Operations$55,339 $53,683 $48,521 
International Foodservice Operations14,561 13,560 11,787 
SYGMA7,768 7,843 7,246 
Other1,176 1,239 1,082 
Total$78,844 $76,325 $68,636 
Fiscal Year
202420232022
Operating income (loss):(In millions)
U.S. Foodservice Operations$3,673 $3,587 $3,181 
International Foodservice Operations375 314 100 
SYGMA72 56 (3)
Other40 57 17 
Total segments4,160 4,014 3,295 
Global Support Center(958)(975)(949)
Total operating income3,202 3,039 2,346 
Interest expense607 527 624 
Other expense (income), net30 227 (25)
Earnings before income taxes$2,565 $2,285 $1,747 
Fiscal Year
202420232022
Depreciation and amortization:(In millions)
U.S. Foodservice Operations$499 $437 $407 
International Foodservice Operations247 218 240 
SYGMA33 32 31 
Other10 8 9 
Total segments789 695 687 
Global Support Center84 81 86 
Total$873 $776 $773 
Fiscal Year
202420232022
Capital Expenditures:(In millions)
U.S. Foodservice Operations$366 $389 $262 
International Foodservice Operations289 193 155 
SYGMA21 31 35 
Other35 23 5 
Total segments711 636 457 
Global Support Center121 157 176 
Total$832 $793 $633 
 Fiscal Year
202420232022
Assets:(In millions)
U.S. Foodservice Operations$12,505 $11,398 $9,541 
International Foodservice Operations7,545 7,433 6,596 
SYGMA923 840 835 
Other616 644 555 
Total segments21,589 20,315 17,527 
Global Support Center3,328 2,506 4,559 
Total$24,917 $22,821 $22,086 
Information concerning geographic areas is as follows:
 Fiscal Year
 202420232022
Sales:(In millions)
United States$63,931 $62,404 $56,511 
Canada5,993 5,828 5,094 
United Kingdom3,760 3,340 2,859 
France1,712 1,591 1,413 
Other3,448 3,162 2,759 
Total$78,844 $76,325 $68,636 
Plant and equipment at cost, less accumulated depreciation:
   
United States$4,165 $3,721 $3,346 
United Kingdom369 298 249 
Canada364 335 337 
France308 300 304 
Other291 261 220 
Total$5,497 $4,915 $4,456 
Operating lease right-of-use assets, net:
United States$487 $338 $317 
United Kingdom194 197 193 
Canada88 28 39 
France59 65 78 
Sweden32 37 38 
Other63 67 58 
Total$923 $732 $723 

The sales mix for the principal product categories by segment is disclosed in Note 3, “Revenue.”