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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jul. 02, 2022
Jul. 03, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
 
 
 
 
 
Value of Initial Fixed $100
Investment Based On:
 
 
Year
SCT Total for
Mr. Hourican
($)(1)
Compensation
Actually Paid to
Mr. Hourican
($)(2)
Average SCT
Total for Non-CEO
NEOs
($)(3)
Average Compensation
Actually Paid
to Non-CEO NEOs
($)(4)
Total
Shareholder
Return
($)(5)
Peer Group
Total Shareholder
Return
($)(5)
Net
Earnings
MM
($)(6)
Operating
Income
MM
($)(7)
2024
15,598,250
14,158,576
4,190,684
3,953,550
153
190
1,955
3,481
2023
14,341,020
8,556,035
3,333,442
1,497,738
154
147
1,770
3,210
2022
13,656,506
24,735,090
4,768,765
5,276,821
175
136
1,359
2,638
2021
23,168,494
41,044,027
4,072,368
5,628,058
153
130
524
1,417
      
Company Selected Measure Name Operating Income      
Named Executive Officers, Footnote Values shown are as calculated in the SCT for each given year. Kevin P. Hourican served as CEO in 2021, 2022, 2023 and 2024.Values shown reflect the average total compensation of our non-CEO NEOs, as calculated in the SCT for each given year. Non-CEO NEOs
were as follows:
•2024: Greg D. Bertrand, Kenny K. Cheung, Thomas R. Peck, Jr., and Ronald L. Phillips;
•2023: Aaron E. Alt, Greg D. Bertrand, Kenny K. Cheung, Thomas R. Peck, Jr., Neil A. Russell, II, and Judith S. Sansone;
•2022: Aaron E. Alt, Greg D. Bertrand, Tim Ørting Jørgensen, Thomas R. Peck, Jr., and Judith S. Sansone; and
•2021: Aaron E. Alt, Greg D. Bertrand, Joel T. Grade, Tim Ørting Jørgensen, and Thomas R. Peck, Jr.
      
Peer Group Issuers, Footnote TSR assumes $100 is invested as of June 27, 2020. TSR represents cumulative return over the applicable period. The Peer Group used for
this calculation was the S&P 500 Food/Staple Retail Index which is also reported on Form 10-K in the Performance Graph.
      
PEO Total Compensation Amount $ 15,598,250 $ 14,341,020 $ 13,656,506 $ 23,168,494
PEO Actually Paid Compensation Amount $ 14,158,576 8,556,035 24,735,090 41,044,027
Adjustment To PEO Compensation, Footnote Values shown represent Mr. Hourican’s CAP calculated in accordance with SEC rules. This value is derived in part from outstanding equity
compensation that may be realizable in the future, and as such, the values shown do not fully represent the actual final amount of
compensation earned or paid to Mr. Hourican during the applicable years. See “Mr. Hourican (CEO) Compensation” below for additional
information on the adjustments made to Mr. Hourican’s total compensation to determine CAP for each year.
Mr. Hourican (CEO) Compensation
To determine the value of CAP for Mr. Hourican in the PVP table above, the following amounts were deducted from and added to,
as applicable, Mr. Hourican’s total compensation as reported in the SCT, in accordance with Item 402(v) of Regulation S-K.
Year
SCT Total for
Mr. Hourican
($)
SCT Reported
Equity Award
Value for
Mr. Hourican
($)
Equity Award
Adjustments for
Mr. Hourican
($)(1)
Change in
the Actuarial
Present Value
of Pension
Benefits for
Mr. Hourican
($)
Pension Benefit
Adjustments for
Mr. Hourican
($)
Compensation
Actually Paid
to Mr. Hourican
($)
2024
15,598,250
(11,830,646)
10,390,972
—
—
14,158,576
2023
14,341,020
(11,075,303)
5,290,318
—
—
8,556,035
2022
13,656,506
(10,137,657)
21,216,241
—
—
24,735,090
2021
23,168,494
(19,155,231)
37,030,764
—
—
41,044,027
(1)Represents the year-over-year change in the fair value of equity awards to Mr. Hourican as summarized below:
Year
Year End
Fair Value
of Unvested
Equity Awards
Granted in the
Year
($)
Year over Year
Change in
Fair Value of
Outstanding
Unvested Equity
Awards Granted
in Prior Years
($)
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the
Year
($)
Year over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years that
Vested in the Year
($)
Fair Value at
the End of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
($)
Value of
Dividends or
other Earnings
Paid on Equity
Awards not
Otherwise
Reflected in Fair
Value or Total
Compensation
($)
Total Equity
Award
Adjustments
($)
2024
11,177,089
(810,354)
—
(493,976)
—
518,213
10,390,972
2023
8,298,461
(1,803,464)
—
(1,508,143)
—
303,464
5,290,318
2022
13,067,265
4,093,998
—
3,450,805
—
604,173
21,216,241
2021
28,685,543
6,990,463
—
983,825
—
370,933
37,030,764
In the table above, the equity values are computed in accordance with the methodologies used for financial reporting purposes, reflecting updated economic
assumptions as of the valuation dates.
      
Non-PEO NEO Average Total Compensation Amount $ 4,190,684 3,333,442 4,768,765 4,072,368
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,953,550 1,497,738 5,276,821 5,628,058
Adjustment to Non-PEO NEO Compensation Footnote Values shown represent the average non-CEO NEOs CAP calculated in accordance with SEC rules. This value is derived in part from
outstanding equity compensation that may be realizable in the future, and as such, the values shown do not fully represent the actual final
amount of compensation earned or paid to the NEOs during the applicable years. See “Average Non-CEO NEOs Compensation” below for
additional information on the adjustments made to the Non-CEO NEOs total compensation to determine CAP for each year.
Average Non-CEO NEO Compensation
To determine the value of CAP for the non-CEO NEOs in the PVP table above, the following amounts were deducted from and
added to, as applicable, the average total compensation as reported in the SCT, in accordance with Item 402(v) of Regulation S-K.
Year
Average SCT
Total for
Non-CEO NEOs
($)
Average SCT
Reported Equity
Award Value for
Non-CEO NEOs
($)
Average
Equity Award
Adjustments
for Non-CEO
NEOs
($)(1)
Change in the
Actuarial Present
Value of Pension
Benefits for Non-
CEO NEOs
($)
Pension Benefit
Adjustments for
Non-CEO NEOs
($)
Average
Compensation
Actually Paid to
Non-CEO NEOs
($)
2024
4,190,684
(2,504,411)
2,267,277
—
—
3,953,550
2023
3,333,442
(2,145,906)
310,202
—
—
1,497,738
2022
4,768,765
(2,635,513)
3,143,569
—
—
5,276,821
2021
4,072,368
(2,275,596)
3,831,286
—
—
5,628,058
(1)Represents the year-over-year change in the fair value of equity awards to our Non-CEO NEO’s as summarized below:
Year
Year End
Fair Value
of Unvested
Equity Awards
Granted in
the Year
($)
Year over Year
Change in
Fair Value of
Outstanding
Unvested Equity
Awards Granted
in Prior Years
($)
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in
the Year
($)
Year over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years that
Vested in the Year
($)
Fair Value at
the End of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
($)
Value of
Dividends or
other Earnings
Paid on Equity
Awards not
Otherwise
Reflected in Fair
Value or Total
Compensation
($)
Total Equity
Award
Adjustments
($)
2024
2,382,551
(133,187)
—
(96,373)
—
114,286
2,267,277
2023
1,385,454
(191,650)
—
(318,402)
(609,532)
44,332
310,202
2022
2,808,683
286,402
—
253,935
(287,778)
82,327
3,143,569
2021
3,015,663
474,690
—
275,233
—
65,700
3,831,286
In the table above, the equity values are computed in accordance with the methodologies used for financial reporting purposes, reflecting updated economic
assumptions as of the valuation dates.
      
Compensation Actually Paid vs. Total Shareholder Return Compensation Actually Paid vs. Sysco 4-year Cumulative TSR
vs. Peer 4-year Cumulative TSR
5345
n
CEO - Hourican
n
Avg. NEOs
 
02_433320-3_icon_bar legends1.jpg
TSR
 
02_433320-3_icon_bar legends2.jpg
Peer TSR
      
Compensation Actually Paid vs. Net Income Compensation Actually Paid vs. Net Earnings
5393
n
CEO - Hourican
n
Avg. NEOs
 
02_433320-3_icon_bar legends1.jpg
Net Earnings
      
Compensation Actually Paid vs. Company Selected Measure Compensation Actually Paid vs. Operating Income(1)
5448
n 
CEO - Hourican
n
Avg. NEOs
 
02_433320-3_icon_bar legends1.jpg
Operating Income
(1)Operating Income includes non-GAAP adjustments. See reconciliation in Annex I – Non-GAAP Reconciliations.
      
Total Shareholder Return Vs Peer Group Compensation Actually Paid vs. Sysco 4-year Cumulative TSR
vs. Peer 4-year Cumulative TSR
5345
n
CEO - Hourican
n
Avg. NEOs
 
02_433320-3_icon_bar legends1.jpg
TSR
 
02_433320-3_icon_bar legends2.jpg
Peer TSR
      
Total Shareholder Return Amount $ 153 154 175 153
Peer Group Total Shareholder Return Amount 190 147 136 130
Net Income (Loss) $ 1,955,000,000 $ 1,770,000,000 $ 1,359,000,000 $ 524,000,000
Company Selected Measure Amount 3,481,000,000 3,210,000,000 2,638,000,000 1,417,000,000
PEO Name Kevin P. Hourican Kevin P. Hourican Kevin P. Hourican Kevin P. Hourican
Additional 402(v) Disclosure Net Earnings reflected represents GAAP Net Earnings as reported on Form 10-K within the Key Operating Metrics.Relationship of Compensation Actually Paid and Performance Measures
The following charts describe the relationship of CAP to the performance measures listed in the PVP Table above. Generally, CAP
has a low correlation with the financial measures for the years shown in the charts below. Sysco places significant emphasis on
equity compensation, which is sensitive to stock price changes. Due to the sensitivity of CAP to stock price changes, the timing of
the grants and the changes in stock price thereafter significantly influence the CAP each year, as determined under Item 402(v) of
Regulation S-K.
      
Measure:: 1        
Pay vs Performance Disclosure        
Name Operating Income      
Non-GAAP Measure Description Operating Income is the Company-selected performance measure, per the requirements of item 402(v) of Regulation S-K. See
reconciliation in Annex I – Non-GAAP Reconciliations.
      
Measure:: 2        
Pay vs Performance Disclosure        
Name Cost Per Piece      
Measure:: 3        
Pay vs Performance Disclosure        
Name EPS Growth      
Measure:: 4        
Pay vs Performance Disclosure        
Name Local Case Growth      
Measure:: 5        
Pay vs Performance Disclosure        
Name Market Share Growth      
Measure:: 6        
Pay vs Performance Disclosure        
Name Return on Invested Capital (ROIC)      
Measure:: 7        
Pay vs Performance Disclosure        
Name Sales Growth      
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0
PEO | Aggregate Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (11,830,646) (11,075,303) (10,137,657) (19,155,231)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 10,390,972 5,290,318 21,216,241 37,030,764
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 11,177,089 8,298,461 13,067,265 28,685,543
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (810,354) (1,803,464) 4,093,998 6,990,463
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (493,976) (1,508,143) 3,450,805 983,825
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 518,213 303,464 604,173 370,933
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Aggregate Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (2,504,411) (2,145,906) (2,635,513) (2,275,596)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,267,277 310,202 3,143,569 3,831,286
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,382,551 1,385,454 2,808,683 3,015,663
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (133,187) (191,650) 286,402 474,690
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (96,373) (318,402) 253,935 275,233
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 (609,532) (287,778) 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 114,286 $ 44,332 $ 82,327 $ 65,700