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BASIS OF PRESENTATION (Policies)
9 Months Ended
Mar. 28, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplier Financing Programs Supplier Financing Programs
We have agreements with third parties to provide supplier finance programs which facilitate participating suppliers’
ability to finance payment obligations from the company with designated third-party financial institutions. Participating
suppliers may, at their sole discretion, make offers to finance one or more payment obligations of the company prior to their
scheduled due dates at a discounted price to participating financial institutions. Obligations of the company that have been
confirmed as valid require payment by Sysco upon the due date of the obligation.
Accounts Receivable, Less Allowances Accounts Receivable, Less Allowances
We utilize arrangements to sell portions of our trade accounts receivable to third-party financial institutions on a non-
recourse basis in exchange for cash. The arrangements meet the requirements for the receivables transferred to be accounted for
as sales and are accounted for as a reduction in trade receivables. Proceeds from the sales are reported net of negotiated
discount and are recorded as a reduction to accounts receivable outstanding in the company’s consolidated balance sheets and
as cash flows from operating activities in the company’s consolidated statements of cash flows.
Recent Accounting Guidance Adopted and Not Yet Adopted 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.
Fair Value Measurements Sysco’s policy is to invest only in high-quality investments. The fair values of our cash deposits and money market
funds included in cash equivalents are valued using inputs that are considered a Level 1 measurement. Other cash equivalents,
such as time deposits and highly liquid instruments with original maturities of three months or less, are valued using inputs that
are considered a Level 2 measurement. The fair value of our marketable securities is measured using inputs that are considered
a Level 2 measurement, as they rely on quoted prices in markets that are not actively traded or observable inputs over the full
term of the asset. The location and the fair value of the company’s marketable securities in the consolidated balance sheet are
disclosed in Note 6, “Marketable Securities.” The fair value of our derivative instruments is measured using inputs that are
considered a Level 2 measurement, as they are not actively traded and are valued using pricing models that use observable
market quotations. The location and the fair values of derivative assets and liabilities designated as hedges in the consolidated
balance sheet are disclosed in Note 7, “Derivative Financial Instruments.”