Company: SYY
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000096021-25-000157
Chunk: 30

Company: SYSCO CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 30
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. 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.

3.  REVENUE

We recognize revenues when our performance obligations are satisfied in an amount that reflects the consideration Sysco expects to be entitled to receive in exchange for those goods and services. Customer receivables, which are included in accounts receivable, less allowances in the consolidated balance sheet, were $5.5 billion and $5.1 billion as of September 27, 2025 and June 28, 2025, respectively.The following tables present our sales disaggregated by reportable segment and sales mix for the company’s principal product categories for the periods presented:13-Week Period Ended Sep. 27, 2025US Foodservice OperationsInternational Foodservice OperationsSYGMAOtherTotal(In millions)Principal Product CategoriesFresh and frozen meats$2,935 $624 $607 $— $4,166 Canned and dry products2,732 754 260 — 3,746 Frozen fruits, vegetables, bakery and other2,070 741 326 — 3,137 Dairy products1,584 462 143 — 2,189 Poultry1,500 307 287 — 2,094 Fresh produce1,314 288 75 — 1,677 Paper and disposables1,065 141 203 12 1,421 Beverage products418 211 157 21 807 Seafood588 132 43 — 763 Equipment and smallwares 275 52 6 124 457 Other (1)299 254 22 116 691 Total Sales$14,780 $3,966 $2,129 $273 $21,148 (1)Other sales relate to certain non