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COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Jun. 28, 2025
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Funded Status The caption “U.S. Pension Benefits” in the tables below includes both the U.S. Retirement Plan and the SERP. As Sysco’s fiscal 2025 year end is June 28, 2025, the company utilized a practical expedient permitting us to measure our defined benefit plan assets and obligations as of the month end closest to the fiscal year end and has used June 30, 2024 as the measurement date of the plan assets and obligations disclosed herein.
 
U.S. Pension Benefits (1)
International Pension Benefits
 Jun. 28, 2025Jun. 29, 2024Jun. 28, 2025Jun. 29, 2024
 (In millions)
Change in benefit obligation:  
Benefit obligation at beginning of year$2,897 $2,979 $295 $286 
Service cost7 8 2 2 
Interest cost166 164 15 14 
Amendments2 — — — 
Curtailments— — (1)(1)
Actuarial loss (gain), net35 (135)(16)8 
Benefit payments(128)(119)(15)(13)
Settlements— — — (1)
Foreign currency exchange impact— — 26 — 
Benefit obligation at end of year2,979 2,897 306 295 
Change in plan assets: 
Fair value of plan assets at beginning of year2,502 2,641 158 185 
Actual return on plan assets122 (65)26 (35)
Employer contribution38 13 22 22 
Benefit payments(128)(87)(15)(13)
Settlements— — — (1)
Foreign currency exchange impact— — 17 — 
Fair value of plan assets at end of year2,534 2,502 208 158 
Funded status at end of year$(445)$(395)$(98)$(137)
(1)
The U.S. Retirement Plan had an underfunded status of $112 million and $55 million as of June 28, 2025 and June 29, 2024, respectively.
Schedule of Defined Benefit Plans Amounts Recognized in Balance Sheet
The amounts recognized on Sysco’s consolidated balance sheets related to its company-sponsored defined benefit plans are as follows:
 U.S. Pension BenefitsInternational Pension Benefits
 Jun. 28, 2025Jun. 29, 2024Jun. 28, 2025Jun. 29, 2024
 (In millions)
Current accrued benefit liability (Accrued expenses)$(32)$(32)$(2)$(2)
Noncurrent accrued benefit liability (Other long-term liabilities)(413)(363)(96)(135)
Net amount recognized$(445)$(395)$(98)$(137)
Schedule of Defined Benefit Plans Amounts Recognized in Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss as of June 28, 2025 consists of the following amounts that had not, as of that date, been recognized in net benefit cost:
 U.S. Pension BenefitsInternational Pension BenefitsTotal
 (In millions)
Prior service cost$3 $2 $5 
Actuarial losses1,181 83 1,264 
Total$1,184 $85 $1,269 

Accumulated other comprehensive loss as of June 29, 2024 consists of the following amounts that had not, as of that date, been recognized in net benefit cost:
 U.S. Pension BenefitsInternational Pension BenefitsTotal
 (In millions)
Prior service cost$2 $1 $3 
Actuarial losses 1,160 111 1,271 
Total$1,162 $112 $1,274 
Schedule of Defined Benefit Plans with Accumulated/Aggregate Benefit Obligation in Excess of Fair Value of Plan Assets
Information for plans with accumulated benefit obligation/aggregate benefit obligation in excess of fair value of plan assets is as follows:
 
U.S. Pension Benefits (1)
International Pension Benefits
 Jun. 28, 2025Jun. 29, 2024Jun. 28, 2025Jun. 29, 2024
 (In millions)
Accumulated benefit obligation/aggregate benefit obligation$2,970 $2,888 $300 $291 
Fair value of plan assets at end of year2,534 2,502 208 158 
(1)
Information under U.S. Pension Benefits as of June 28, 2025 and June 29, 2024 includes both the U.S. Retirement Plan and the SERP.
Schedule of Defined Benefit Plans Components of Net Benefit Cost
The components of net company-sponsored pension costs for each fiscal year are as follows:
 202520242023
 U.S. Pension BenefitsInternational Pension BenefitsU.S. Pension BenefitsInternational Pension BenefitsU.S. Pension BenefitsInternational Pension Benefits
 (In millions)
Service cost$7 $2 $8 $2 $8 $2 
Interest cost166 15 164 14 171 10 
Expected return on plan assets(138)(11)(143)(12)(148)(11)
Amortization of prior service cost— — 1 — — — 
Amortization of actuarial loss30 3 28 1 33 — 
Curtailment gain— (1)— (1)— (1)
Settlement loss recognized— — — — 315 — 
Net pension costs$65 $8 $58 $4 $379 $— 
Schedule of Defined Benefit Plans Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Loss) Income
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) related to company-sponsored pension plans for each fiscal year are as follows:
 202520242023
 U.S. Pension BenefitsInternational Pension BenefitsU.S. Pension BenefitsInternational Pension BenefitsU.S. Pension BenefitsInternational Pension Benefits
 (In millions)
Amortization of prior service cost$— $— $1 $— $— $— 
Amortization of actuarial loss30 3 28 1 348 — 
Prior service cost arising in current year(2)— — — (3)— 
Effect of exchange rates on amounts in AOCI— (8)— (1)— (4)
Actuarial gain (loss) arising in current year(50)32 (73)(54)(46)(72)
Net pension income (cost)$(22)$27 $(44)$(54)$299 $(76)
Schedule of Defined Benefit Plans Amounts Included Accumulated Other Comprehensive Loss (Income) that are Expected to be Recognized in Net Company-Sponsored Benefit Cost in Next Fiscal Year
Amounts included in accumulated other comprehensive loss (income) as of June 28, 2025 that are expected to be recognized as components of net company-sponsored benefit cost during fiscal 2026 are:
 U.S. Pension BenefitsInternational Pension BenefitsTotal
 (In millions)
Amortization of prior service cost$1 $— $1 
Amortization of actuarial losses31 2 33 
Total$32 $2 $34 
Schedule of Defined Benefit Plans Estimated Future Benefit Payments
Estimated future benefit payments for vested participants, based on actuarial assumptions, are as follows:
 U.S. Pension BenefitsInternational Pension Benefits
 (In millions)
2026$150 $16 
2027164 17 
2028174 17 
2029184 18 
2030192 18 
Subsequent five years1,050 94 
Schedule of Defined Benefit Plans Weighted Average Assumptions Used in Calculating Net Periodic Benefit Costs
Weighted-average assumptions used to determine benefit obligations as of year-end were:
 Jun. 28, 2025Jun. 29, 2024
Discount rate — U.S. Retirement Plan5.76 %5.86 %
Discount rate — SERP5.75 5.89 
Discount rate — U.K. Retirement Plan5.60 5.20 
Rate of compensation increase — U.S. Retirement Plan3.00 3.00 
Weighted-average assumptions used to determine net company-sponsored pension costs for each fiscal year were:
 202520242023
Discount rate — U.S. Retirement Plan (1)
5.86 %5.62 %6.07 %
Discount rate — SERP5.89 5.65 4.84 
Discount rate — U.K. Retirement Plan5.20 5.20 3.65 
Expected rate of return — U.S. Retirement Plan (2)
5.63 5.50 6.00 
Expected rate of return — U.K. Retirement Plan6.60 6.65 4.65 
Rate of compensation increase — U.S. Retirement Plan3.00 3.00 3.00 
(1)
The discount rate of the U.S. Retirement Plan was 4.91% for the period of July 2022 to October 2022. Due to the settlement that occurred, the rate changed to 6.07% from November 2022 to June 2023.
(2)
The expected long-term rate of return on plan assets of the U.S. Retirement Plan was 4.50% for the period of July 2022 to October 2022. Due to the settlement that occurred, the rate changed to 6.00% from November 2022 to June 2023.
Schedule of Defined Benefit Plans Target and Actual Asset Allocation
The U.S. Retirement Plan’s target and actual investment allocation as of June 28, 2025 is as follows:
U.S. Retirement Plan
 Target Asset AllocationActual Asset Allocation
Growth assets30 %29 %
Liability hedging assets70 71 
  100 %
The U.K. Retirement Plan’s target investment allocation and actual investment allocation for fiscal 2025 is as follows:
U.K. Retirement Plan
 Target Asset AllocationActual Asset Allocation
Growth portfolio50 %50 %
Matching portfolio50 50 
 100 %
Schedule of Defined Benefit Plans Fair Value of Plans Assets by Major Category
The following table presents the fair value of the U.S. Retirement Plan’s assets by major asset category as of June 28, 2025:
Assets Measured at Fair Value as of Jun. 28, 2025
 Level 1Level 2Level 3
Measured at NAV (7)
Total
 (In millions)
Cash and cash equivalents$13 $108 $— $— $121 
Growth assets:
U.S. equity (1)
17 — — 228 245 
International equity (1)
— — — 133 133 
Hedge fund of funds (2)
— — — 182 182 
Real estate funds (3)
— — — 80 80 
High yield and emerging markets fixed income (4)
— — — 45 45 
Private equity funds (5)
— — — 43 43 
Liability hedging assets:
Corporate bonds— 1,125 — — 1,125 
U.S. government and agency securities— 360 — 178 538 
Other (6)
— 22 — — 22 
Total investments at fair value$30 $1,615 $— $889 $2,534 

(1)
Includes direct investments in equity securities and within investment funds for which fair value is measured at NAV. There are no unfunded commitments as of June 28, 2025. The remaining investments may be redeemed once per day with advanced written notice and subject to applicable limits.
(2)
There were no unfunded commitments as of June 28, 2025, and there were no redemption restrictions as of June 28, 2025. The investment may be redeemed once per quarter.
(3)
For investments in the funds listed in this category, total unfunded commitment as of June 28, 2025 was $2 million. Less than 1% of the investments cannot be redeemed. The estimate of the liquidation period for these funds varies from 2025 to 2026. The remaining investments may be redeemed quarterly with advanced written notice and subject to applicable limits.
(4)
There were no unfunded commitments as of June 28, 2025, and there were no redemption restrictions as of June 28, 2025. The investment may be redeemed daily.
(5)
Total unfunded commitments in the funds listed in this category as of June 28, 2025 were $14 million. The investments cannot be redeemed, but the fund will make distributions through liquidation. The estimate of the liquidation period varies for each fund from 2025 to 2031.
(6)
Includes foreign government and state and municipal debt securities.
(7)
Includes certain investments that are measured at fair value using the NAV practical expedient that have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.


The following table presents the fair value of the U.K. Retirement Plan’s assets by major asset category as of June 28, 2025:
 Assets Measured at Fair Value as of Jun. 28, 2025
 Level 1Level 2Level 3
Measured at NAV (2)
Total
 (In millions)
Investment funds:
Common contractual fund (1)
$— $— $— $208 $208 
Total investments at fair value$— $— $— $208 $208 
(1)
There were $4 million of unfunded commitments as of June 28, 2025. As of June 28, 2025 there are no monetary redemption restrictions, however timing restrictions ranged from daily to quarterly.
(2)
Includes certain investments that are measured at fair value using the NAV practical expedient that have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.
The following table presents the fair value of the U.S. Retirement Plan’s assets by major asset category as of June 29, 2024:
 Assets Measured at Fair Value as of Jun. 29, 2024
 Level 1Level 2Level 3
Measured at NAV (6)
Net Payables (7)
Total
 (In millions)
Cash and cash equivalents$— $153 $— $— $(6)$147 
Growth assets:
U.S. equity (1)
17 — — 204 — 221 
International equity (1)
— — — 152 — 152 
Hedge fund of funds (2)
— — — 167 — 167 
Real estate funds (3)
— — — 88 — 88 
Private equity funds (4)
— — — 55 — 55 
Liability hedging assets:
Corporate bonds— 1,140 — 45 — 1,185 
U.S. government and agency securities— 295 — 177 — 472 
Other (5)
— 15 — — — 15 
Total investments at fair value$17 $1,603 $— $888 $(6)$2,502 
(1)
Includes direct investments in equity securities and within investment funds for which fair value is measured at NAV. There are no unfunded commitments as of June 29, 2024. The remaining investments may be redeemed once per day with advanced written notice and subject to applicable limits.
(2)
There were no unfunded commitments as of June 29, 2024, and there were no redemption restrictions as of June 29, 2024. The investment may be redeemed once per quarter.
(3)
For investments in the funds listed in this category, total unfunded commitment as of June 29, 2024 was $2 million. Less than 1% of the investments cannot be redeemed. The estimate of the liquidation period for these funds varies from 2024 to 2026. The remaining investments may be redeemed quarterly with advanced written notice and subject to applicable limits.
(4)
Total unfunded commitment as of June 29, 2024 was $13 million. The investments cannot be redeemed, but the fund will make distributions through liquidation. The estimate of the liquidation period varies for each fund from 2024 to 2031.
(5)
Includes foreign government and state and municipal debt securities.
(6)
Includes certain investments that are measured at fair value using the NAV practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.
(7)
Primarily represents the net pending purchases and sales of plan assets. The net of this pending activity results in a net payable balance of $6 million as of June 29, 2024.




The following table presents the fair value of the U.K. Retirement Plan’s assets by major asset category as of June 29, 2024:
 Assets Measured at Fair Value as of Jun. 29, 2024
 Level 1Level 2Level 3
Measured at NAV (2)
Total
 (In millions)
Investment funds:
Common contractual fund (1)
$— $— $— $158 $158 
Total investments at fair value$— $— $— $158 $158 
(1)
There were $4 million of unfunded commitments as of June 29, 2024. As of June 29, 2024 there are no monetary redemption restrictions, however timing restrictions ranged from daily to quarterly.
(2)
Includes certain investments that are measured at fair value using the NAV practical expedient that have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.