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CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jul. 02, 2022
Income Statement [Abstract]      
Sales $ 78,844 $ 76,325 $ 68,636
Cost of sales 64,236 62,370 56,316
Gross profit 14,608 13,955 12,320
Operating expenses 11,406 10,916 9,974
Operating income 3,202 3,039 2,346
Interest expense 607 527 624
Other expense (income), net [1] 30 227 (25)
Earnings before income taxes 2,565 2,285 1,747
Income taxes 610 515 388
Net earnings $ 1,955 $ 1,770 $ 1,359
Net earnings:      
Basic earnings per share (in dollars per share) $ 3.90 $ 3.49 $ 2.66
Diluted earnings per share (in dollars per share) $ 3.89 $ 3.47 $ 2.64
Average shares outstanding (in shares) 501,238,422 507,362,913 510,630,645
Diluted shares outstanding (in shares) 503,096,086 509,719,756 514,005,827
[1]
Sysco’s second quarter of fiscal 2023 included a charge of $315 million in other expense related to pension settlement charges. See Note 14, “Company-Sponsored Employee Benefit Plans.” Sysco’s fourth quarter of fiscal 2023 included $122 million in other income related to a legacy litigation financing agreement. See Note 20, “Commitments and Contingencies.”