BUSINESS SEGMENT INFORMATION

3 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

Sysco distributes food and related products to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Our primary operations are located in North America and Europe. Under the accounting provisions related to disclosures about segments of an enterprise, we have aggregated certain operating segments into three reportable segments. “Other” financial information is attributable to our other operating segments that do not meet the quantitative disclosure thresholds.

•U.S. Foodservice Operations – primarily includes (a) our U.S. Broadline operations, which distribute a full line of food products, including custom-cut meat, seafood, produce, specialty Italian, specialty imports and a wide variety of non-food products and (b) our U.S. Specialty operations, which include our FreshPoint fresh produce distribution business, our Specialty Meats and Seafood Group specialty protein operations, our growing Italian Specialty platform anchored by Greco & Sons, our Asian specialty distribution company and a number of other small specialty businesses that are not material to our operations;

•International Foodservice Operations – includes operations outside of the U.S., which distribute a full line of food products and a wide variety of non-food products. The Americas primarily consists of operations in Canada, Bahamas, Mexico, Costa Rica and Panama, as well as our export operations that distribute to international customers. Our European operations primarily consist of operations in the United Kingdom, France, Ireland and Sweden;

•SYGMA – our U.S. customized distribution operations serving quick-service chain restaurant customer locations; and

•Other – primarily our hotel supply operations, Guest Worldwide.

The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated financial statements. Our Global Support Center generally includes all expenses of the corporate office and Sysco’s shared service operations. These also include all U.S. share-based compensation costs.

The following tables set forth certain financial information for Sysco’s reportable business segments:

	13-Week Period Ended
	Sep. 30, 2023		Oct. 1, 2022
Sales:	(In thousands)
U.S. Foodservice Operations	$	13,723,799	$	13,602,482
International Foodservice Operations	3,683,210		3,283,735
SYGMA	1,906,014		1,933,457
Other	307,431		307,156
Total	$	19,620,454	$	19,126,830
	13-Week Period Ended
	Sep. 30, 2023		Oct. 1, 2022
Operating income (loss):	(In thousands)
U.S. Foodservice Operations	$	940,971	$	905,712
International Foodservice Operations	93,483		86,980
SYGMA	12,767		5,696
Other	11,823		11,538
Total segments	1,059,044		1,009,926
Global Support Center	(255,462)		(273,125)
Total operating income	803,582		736,801
Interest expense	134,334		124,150
Other expense, net	6,640		17,749
Earnings before income taxes	$	662,608	$	594,902