Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 23

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 23
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2025 10-K filing and the adoption only impacted our disclosures, with no impacts to our financial position or results of operations. See Note 21 included in this Form 10-K for the additional segment disclosures required as a result of the adoption.Recent Accounting Guidance Not Yet AdoptedIncome TaxesIn December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures to enhance income tax information primarily through changes in the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, (our fiscal 2026), on a prospective basis. Early adoption is permitted. We are currently evaluating the effect of adopting ASU 2023-09 on our disclosures.

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Disaggregation of Income Statement ExpensesIn November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The standard update improves the disclosures about a public business entity’s expenses by requiring more detailed information about the types of expenses included within commonly presented income statement captions. The amendments in ASU 2024-03 are effective for annual reporting periods beginning after December 15, 2026, (our fiscal 2028), and interim reporting periods for our fiscal years beginning after December 15, 2027, (our first quarter of fiscal 2029). Early adoption is permitted. The standard updates are to be applied prospectively with the option for retrospective application. We are currently evaluating the effect of adopting ASU 2024-03 on our disclosures.

3.  REVENUE

Disaggregation of SalesThe following tables present our sales disaggregated by reportable segment and sales mix for our principal product categories for the periods presented:Year Ended Jun. 28, 2025US Foodservice OperationsInternational Foodservice OperationsSYGMAOtherTotal(In millions)Principal Product CategoriesFresh and frozen meats$10,674 $2,221 $2,291 $— $15,186 Canned and dry products10,586 3,043 1,016 — 14,645 Frozen fruits, vegetables, bakery and other8,130 2,811 1,346 — 12,287 Dairy products6,421 1,695 570