Company: SYY
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000096021-25-000157
Chunk: 36

Company: SYSCO CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 36
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. 27, 2025Amount of Gain or (Loss) Recognized in Other Comprehensive Income on DerivativesLocation of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into IncomeAmount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income(In millions)(In millions)Derivatives in cash flow hedging relationships:Fuel swaps$13 Operating expense$1 Derivatives in net investment hedging relationships:Cross currency contracts$18 N/A$— 13-Week Period Ended Sep. 28, 2024Amount of Gain or (Loss) Recognized in Other Comprehensive Income on DerivativesLocation of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into IncomeAmount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income(In millions)(In millions)Derivatives in cash flow hedging relationships:Fuel swaps$(19)Operating expense$— Foreign currency contracts(1)Cost of sales / Other income— Total$(20)$— Derivatives in net investment hedging relationships:Cross currency contracts$(18)N/A$— 

The location and carrying amount of hedged liabilities in the consolidated balance sheet as of September 27, 2025 are as follows:Sep. 27, 2025Carrying Amount of Hedged Assets (Liabilities)Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets (Liabilities)(In millions)Balance sheet location:Long-term debt$(1,073)$(35)The carrying amount of hedged liabilities in the consolidated balance sheet as of June 28, 2025 is $1.1 billion.

7.  DEBT

On September 5, 2025, Sysco entered into a new long-term revolving credit facility, which replaces the $3.0 billion senior revolving credit facility that was originally entered into on April 29, 2022. The aggregate commitments of the lenders under the new long-term credit agreement are $3.0 billion, with an option to increase such commitments to $4.0 billion. The new facility includes a covenant requiring Sysco to maintain a ratio of consolidated EBITDA to consolidated interest expense of 3.0 to 1.0 over four consecutive fiscal quarters, which is consistent with our previous revolving credit facility. The new revolving credit facility expires on September 5,