Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 11

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 11
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 a charge of $315 million in other expense related to pension settlement charges. See Note 14, “Company-Sponsored Employee Benefit Plans.” Sysco’s fourth quarter of fiscal 2023 included $122 million in other income related to a legacy litigation financing agreement. See Note 20, “Commitments and Contingencies.”

See Notes to Consolidated Financial Statements

62

Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In millions) Year Ended Jun. 28, 2025Jun. 29, 2024Jul. 1, 2023(In millions)Net earnings$1,828 $1,955 $1,770 Other comprehensive income (loss):   Foreign currency translation adjustment287 (33)127 Items presented net of tax:   Amortization of cash flow hedges5 7 9 Change in net investment hedges(49)(3)(21)Change in cash flow hedges(3)16 (56)Change in excluded components of fair value hedge(2)2 — Amortization of actuarial loss20 20 24 Pension settlement charge— — 237 Net actuarial gain (loss) and other adjustments arising in current year(21)(97)(89)Change in marketable securities4 2 (2)Total other comprehensive income (loss)241 (86)229 Comprehensive income$2,069 $1,869 $1,999 

See Notes to Consolidated Financial Statements

63

Sysco Corporation and its Consolidated Subsidiaries

CHANGES IN CONSOLIDATED SHAREHOLDERS’ EQUITY

(In millions, except for share data)

 Common StockPaid-inCapitalRetainedEarningsAccumulatedOther ComprehensiveLossTreasury Stock  SharesAmountSharesAmountsTotals (In millions except for share data)Balance as of July 2, 2022765,174,900 $765 $1,766 $10,540 $(1,482)256,531,543 $(10,207)$1,382 Net earnings   1,770    1,770 Other comprehensive income229 229 Dividends declared ($1.97 per common share)   (999) (999)Treasury stock purchases6,231,071 (500)(500