Supplemental Guarantor Information - Subsidiary Guarantees (Subsidiary Guarantee [Member])

3 Months Ended

Oct. 01, 2011

Subsidiary Guarantee [Member]

Supplemental Guarantor Information - Subsidiary Guarantees

14. SUPPLEMENTAL GUARANTOR INFORMATION — SUBSIDIARY GUARANTEES

     On January 19, 2011, the wholly-owned U.S. Broadline subsidiaries of Sysco Corporation entered into full and unconditional guarantees of all outstanding senior notes and debentures of Sysco Corporation. As of October 1, 2011, Sysco had a total of $2,225.0 million in senior notes and debentures outstanding.

     The following condensed consolidating financial statements present separately the financial position, results of operations and cash flows of the parent issuer (Sysco Corporation), the guarantors (U.S. Broadline subsidiaries), and all other non-guarantor subsidiaries of Sysco (Other Non-Guarantor Subsidiaries) on a combined basis with eliminating entries.

	Condensed Consolidating Balance Sheet
	October 1, 2011
			U.S.			Other
			Broadline			Non-Guarantor					Consolidated
	Sysco		Subsidiaries			Subsidiaries		Eliminations			Totals
	(In thousands)
Current assets	$	200,076	$	3,803,462		$	1,692,696	$	—		$	5,696,234
Investment in subsidiaries		14,459,412		—			—		(14,459,412	)		—
Plant and equipment, net		593,156		1,853,608			1,168,597		—			3,615,361
Other assets		389,985		518,715			1,226,568		—			2,135,268
Total assets	$	15,642,629	$	6,175,785		$	4,087,861	$	(14,459,412	)	$	11,446,863
Current liabilities	$	401,006	$	1,136,886		$	2,040,798	$	—		$	3,578,690
Intercompany payables (receivables)		7,896,806		(7,917,812	)		21,006		—			—
Long-term debt		2,335,586		26,517			22,883		—			2,384,986
Other liabilities		504,461		256,630			67,841		—			828,932
Shareholders' equity		4,504,770		12,673,564			1,935,333		(14,459,412	)		4,654,255
Total liabilities and shareholders' equity	$	15,642,629	$	6,175,785		$	4,087,861	$	(14,459,412	)	$	11,446,863

	Condensed Consolidating Balance Sheet
	July 2, 2011
			U.S.			Other
			Broadline			Non-Guarantor						Consolidated
	Sysco		Subsidiaries			Subsidiaries			Eliminations			Totals
	(In thousands)
Current assets	$	354,450	$	3,476,921		$	1,901,511		$	—		$	5,732,882
Investment in subsidiaries		14,014,569		—			—			(14,014,569	)		—
Plant and equipment, net		569,567		1,794,473			1,148,349			—			3,512,389
Other assets		378,317		519,664			1,242,303			—			2,140,284
Total assets	$	15,316,903	$	5,791,058		$	4,292,163		$	(14,014,569	)	$	11,385,555
Current liabilities	$	430,300	$	840,586		$	2,304,189		$	—		$	3,575,075
Intercompany payables (receivables)		7,800,254		(7,701,021	)		(99,233	)		—			—
Long-term debt		2,227,483		26,542			25,492			—			2,279,517
Other liabilities		405,376		343,427			76,918			—			825,721
Shareholders' equity		4,453,490		12,281,524			1,984,797			(14,014,569	)		4,705,242
Total liabilities and shareholders' equity	$	15,316,903	$	5,791,058		$	4,292,163		$	(14,014,569	)	$	11,385,555

	Condensed Consolidating Balance Sheet
	October 2, 2010
			U.S.			Other
			Broadline			Non-Guarantor						Consolidated
	Sysco		Subsidiaries			Subsidiaries			Eliminations			Totals
	(In thousands)
Current assets	$	219,678	$	3,484,185		$	1,585,548		$	—		$	5,289,411
Investment in subsidiaries		15,670,458		—			—			(15,670,458	)		—
Plant and equipment, net		471,947		1,770,818			1,034,818			—			3,277,583
Other assets		386,531		499,472			1,202,413			—			2,088,416
Total assets	$	16,748,614	$	5,754,475		$	3,822,779		$	(15,670,458	)	$	10,655,410
Current liabilities	$	369,160	$	1,067,337		$	1,709,524		$	—		$	3,146,021
Intercompany payables (receivables)		9,832,833		(9,777,887	)		(54,946	)		—			—
Long-term debt		2,233,383		25,003			228,260			—			2,486,646
Other liabilities		513,242		436,419			92,087			—			1,041,748
Shareholders' equity		3,799,996		14,003,603			1,847,854			(15,670,458	)		3,980,995
Total liabilities and shareholders' equity	$	16,748,614	$	5,754,475		$	3,822,779		$	(15,670,458	)	$	10,655,410

	Condensed Consolidating Results of Operations
	For the 13-Week Period Ended October 1, 2011
				U.S.			Other
				Broadline			Non-Guarantor						Consolidated
	Sysco			Subsidiaries			Subsidiaries			Eliminations			Totals
	(In thousands)
Sales	$	—		$	7,320,286		$	3,457,058		$	(190,954	)	$	10,586,390
Cost of sales		—			5,864,706			2,943,184			(169,100	)		8,638,790
Gross profit		—			1,455,580			513,874			(21,854	)		1,947,600
Operating expenses		116,963			898,031			445,120			(21,854	)		1,438,260
Operating income (loss)		(116,963	)		557,549			68,754			—			509,340
Interest expense (income)		96,278			(63,903	)		(2,901	)		—			29,474
Other expense (income), net		(1,315	)		(563	)		2,128			—			250
Earnings (losses) before income taxes		(211,926	)		622,015			69,527			—			479,616
Income tax (benefit) provision		(78,193	)		229,503			25,653			—			176,963
Equity in earnings of subsidiaries		436,386			—			—			(436,386	)		—
Net earnings	$	302,653		$	392,512		$	43,874		$	(436,386	)	$	302,653

	Condensed Consolidating Results of Operations
	For the 13-Week Period Ended October 2, 2010
				U.S.			Other
				Broadline			Non-Guarantor						Consolidated
	Sysco			Subsidiaries			Subsidiaries			Eliminations			Totals
	(In thousands)
Sales	$	—		$	6,786,631		$	3,111,064		$	(146,421	)	$	9,751,274
Cost of sales		—			5,389,704			2,640,189			(124,723	)		7,905,170
Gross profit		—			1,396,927			470,875			(21,698	)		1,846,104
Operating expenses		118,990			865,277			377,295			(21,698	)		1,339,864
Operating income (loss)		(118,990	)		531,650			93,580			—			506,240
Interest expense (income)		130,989			(99,533	)		(355	)		—			31,101
Other expense (income), net		(83	)		(478	)		(1,123	)		—			(1,684	)
Earnings (losses) before income taxes		(249,896	)		631,661			95,058			—			476,823
Income tax (benefit) provision		(93,159	)		235,475			35,438			—			177,754
Equity in earnings of subsidiaries		455,806			—			—			(455,806	)		—
Net earnings	$	299,069		$	396,186		$	59,620		$	(455,806	)	$	299,069

	Condensed Consolidating Cash Flows
	For the 13-Week Period Ended October 1, 2011
				U.S.			Other
				Broadline			Non-Guarantor			Consolidated
	Sysco			Subsidiaries			Subsidiaries			Totals
	(In thousands)
Net cash provided by (used for):
Operating activities	$	(74,065	)	$	327,491		$	1,917		$	255,343
Investing activities		(65,808	)		(113,342	)		(94,680	)		(273,830	)
Financing activities		(142,476	)		(136	)		(183,134	)		(325,746	)
Effect of exchange rates on cash		—			—			(11,431	)		(11,431	)
Intercompany activity		111,977			(217,673	)		105,696			—
Net increase (decrease) in cash		(170,372	)		(3,660	)		(181,632	)		(355,664	)
Cash at the beginning of the period		305,513			32,154			302,098			639,765
Cash at the end of the period	$	135,141		$	28,494		$	120,466		$	284,101

	Condensed Consolidating Cash Flows
	For the 13-Week Period Ended October 2, 2010
				U.S.			Other
				Broadline			Non-Guarantor			Consolidated
	Sysco			Subsidiaries			Subsidiaries			Totals
	(In thousands)
Net cash provided by (used for):
Operating activities	$	(116,168	)	$	241,058		$	101,892		$	226,782
Investing activities		(59,502	)		(79,341	)		(8,587	)		(147,430	)
Financing activities		(222,242	)		(722	)		(1,139	)		(224,103	)
Effect of exchange rates on cash		—			—			7,682			7,682
Intercompany activity		195,160			(156,874	)		(38,286	)		—
Net increase (decrease) in cash		(202,752	)		4,121			61,562			(137,069	)
Cash at the beginning of the period		373,523			31,935			179,985			585,443
Cash at the end of the period	$	170,771		$	36,056		$	241,547		$	448,374