Company: SYY
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000096021-25-000157
Chunk: 23

Company: SYSCO CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 23
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Item 1.  Financial Statements

Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED BALANCE SHEETS

(In millions, except for share data) Sep. 27, 2025Jun. 28, 2025 (unaudited)ASSETSCurrent assetsCash and cash equivalents$844 $1,071 Accounts receivable, less allowances of $46 and $175,800 5,502 Inventories5,377 5,053 Prepaid expenses and other current assets387 338 Income tax receivable4 4 Total current assets12,412 11,968 Plant and equipment at cost, less accumulated depreciation5,936 6,084 Other long-term assetsGoodwill5,190 5,231 Intangibles, less amortization1,043 1,080 Deferred income taxes490 497 Operating lease right-of-use assets, net1,172 1,131 Other assets801 783 Total other long-term assets8,696 8,722 Total assets$27,044 $26,774 LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilitiesAccounts payable$6,492 $6,512 Accrued expenses2,166 2,268 Accrued income taxes117 51 Current operating lease liabilities141 136 Current maturities of long-term debt1,894 949 Total current liabilities10,810 9,916 Long-term liabilitiesLong-term debt11,459 12,360 Deferred income taxes351 345 Long-term operating lease liabilities1,087 1,049 Other long-term liabilities1,226 1,247 Total long-term liabilities14,123 15,001 Noncontrolling interest44 27 Shareholders’ equityPreferred stock, par value $1 per share Authorized 1,500,000 shares, issued none— — Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares765 765 Paid-in capital2,010 1,986 Retained earnings13,262 13,061 Accumulated other comprehensive loss(1,129)(1,098)Treasury stock at cost, 286,624,506 and 287,678,658 shares(12,841)(12,884)Total shareholders’ equity2