XML 49 R11.htm IDEA: XBRL DOCUMENT v2.3.0.15
Debt
3 Months Ended
Oct. 01, 2011
Debt [Abstract] 
Debt
5. DEBT
     As of October 1, 2011, Sysco had uncommitted bank lines of credit which provided for unsecured borrowings for working capital of up to $95.0 million, of which $5.4 million was outstanding.
     On June 30, 2011, a Canadian subsidiary of Sysco entered into a short-term demand loan facility for the purpose of facilitating a distribution from the Canadian subsidiary to Sysco, and Sysco concurrently entered into an agreement with the bank to guarantee the loan. As of July 2, 2011, the amount outstanding under the facility was $182.0 million. The interest rate under the facility was 2.0% and payable on the due date. The loan was repaid in full on July 4, 2011.
     Sysco and one of its subsidiaries, Sysco International, ULC, have a revolving credit facility supporting the company's U.S. and Canadian commercial paper programs. The facility in the amount of $1,000.0 million expires on November 4, 2012, but is subject to extension.
     As of October 1, 2011, commercial paper issuances outstanding were $108.0 million and were classified as long-term debt since the company's commercial paper programs are supported by the long-term revolving credit facility described above. During the 13-week period ended October 1, 2011, aggregate commercial paper issuances and short-term bank borrowings ranged from zero to approximately $401.8 million.