NEW ACCOUNTING STANDARDS

9 Months Ended

Mar. 28, 2026

Accounting Policies [Abstract]

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS

Recent Accounting Guidance Adopted

Segment Reporting

In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU)

2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures to improve reportable segment

disclosure requirements through enhanced disclosures about significant segment expenses. ASU 2023-07 expands public

entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief

operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its

composition for other segment items and interim disclosures of a reportable segment’s profit or loss and assets. ASU 2023-07 is

effective for fiscal years beginning after December 15, 2023, (our fiscal 2025), and interim periods for our fiscal years

beginning after December 15, 2024, (our first quarter of fiscal 2026), and should be applied on a retrospective basis to all

periods presented. Sysco adopted ASU 2023-07 related to annual disclosure requirements effective with our fiscal 2025 Form

10-K. The newly required annual disclosures were included in Note 21 - Business Segment Information of the fiscal 2025 Form

10-K. We adopted ASU 2023-07 related to interim disclosure requirements effective with our first quarter fiscal 2026 10-Q

filing. See Note 14 included in this Form 10-Q for the additional segment disclosures required as a result of the adoption.

Adoption of ASU 2023-07 only impacted our financial statement disclosures, with no impacts to our financial position or

results of operations.

Recent Accounting Guidance Not Yet Adopted

Income Taxes

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax

Disclosures to enhance income tax information primarily through changes in the rate reconciliation and income taxes paid

information. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, (our fiscal 2026), and may be

applied prospectively or retrospectively. Early adoption is permitted. We are currently evaluating the effect of adopting ASU

2023-09 on our disclosures.

Disaggregation of Income Statement Expenses

In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense

Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The standard update requires

more detailed disclosures related to the types of expenses included within commonly presented income statement captions. The

amendments in ASU 2024-03 are effective for annual reporting periods beginning after December 15, 2026, (our fiscal 2028),

and interim reporting periods for our fiscal years beginning after December 15, 2027, (our first quarter of fiscal 2029). Early

adoption is permitted. The standard updates are to be applied prospectively with the option for retrospective application. We are

currently evaluating the effect of adopting ASU 2024-03 on our disclosures.

Internal-Use Software

In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software

(Subtopic 350-40), which amends certain aspects of the accounting and disclosure of software costs under ASU 350-40. This

ASU updates the cost capitalization threshold for internal-use software development costs by removing all references to

software project development stages and providing new guidance on how to evaluate whether the probable-to-complete

recognition threshold has been met. ASU 2025-06 is effective for annual reporting periods beginning after December 15, 2027,

(our fiscal 2029), and interim reporting periods within those annual reporting periods, (our first quarter of fiscal 2029). Early

adoption is permitted. The standard updates may be applied prospectively, retrospectively, or via a modified prospective

transition method. We are currently evaluating the effect of adopting ASU 2025-06 on our consolidated financial statements

and disclosures.