Company: SYY
Filing Date: 2025-10-02
Form Type: DEF 14A
Source: 0000096021-25-000147
Chunk: 93

Company: SYSCO CORP
Filing Date: 2025-10-02
Form: DEF 14A
Chunk 93
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     607 |               28 |              4.6 |
| Income taxes (GAAP)                                           |     587 |     610 |              -23 |             -3.8 |
| Depreciation and amortization (GAAP)                          |     945 |     873 |               72 |              8.2 |
| EBITDA (Non-GAAP)                                             |   3,995 |   4,045 |              -50 |             -1.2 |
| Certain Item Adjustments:                                     |         |         |                  |                  |
| Impact of restructuring and transformational project costs(1) |     179 |     116 |               63 |             54.3 |
| Impact of acquisition-related costs(2)                        |      27 |      31 |               -4 |            -12.9 |
| Impact of goodwill impairment                                 |      92 |       — |               92 |               NM |
| EBITDA adjusted for Certain Items (Non-GAAP)(3)               |   4,293 |   4,192 |              101 |              2.4 |

(1) Fiscal year 2025 and fiscal year 2024 include charges related to restructuring and severance, as well as various transformation initiative costs, primarily consisting of supply chain transformation costs and changes to our business technology strategy, excluding charges related to accelerated depreciation. (2) Fiscal year 2025 and fiscal year 2024 include acquisition and due diligence costs. (3) In arriving at adjusted EBITDA, Sysco does not exclude interest income of $29 million and $38 million or non-cash stock compensation expense of $93 million and $104 million in fiscal year 2025 and fiscal year 2024, respectively. NM represents that the percent change is not meaningful.

| SYSCO CORPORATION//2025 Proxy Statement | 83 |

ANNEX I - NON-GAAP RECONCILIATIONS Adjusted Operating Income and Adjusted Earnings Per Share Non-GAAP Reconciliations (Letter from Chair of the Board & CEO and Lead Independent Director, Business Highlights, and Compensation Discussion and Analysis)

ADJUSTED OPERATING INCOME AND ADJUSTED EARNINGS PER SHARE NON-GAAP RECONCILIATIONS (LETTER FROM CHAIR OF THE BOARD & CEO AND LEAD INDEPENDENT DIRECTOR, BUSINESS HIGHLIGHTS, AND COMPENSATION DISCUSSION AND ANALYSIS)

| (Dollars