Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 46

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 46
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 benefit cost during fiscal 2026 are: U.S. Pension BenefitsInternational Pension BenefitsTotal (In millions)Amortization of prior service cost$1 $— $1 Amortization of actuarial losses31 2 33 Total$32 $2 $34 Employer ContributionsWe made cash contributions to our company-sponsored pension plans of $61 million and $68 million in fiscal years 2025 and 2024, respectively. There were $6 million of voluntary contributions made to the U.S. Retirement Plan in fiscal 2025, as there were no required contributions to meet ERISA minimum funding requirements in fiscal 2025. There are no required contributions to the U.S. Retirement Plan to meet ERISA minimum funding requirements in fiscal 2026. The company’s contributions to the SERP plan are made in the amounts needed to fund current year benefit payments. The estimated aggregate fiscal 2026 contribution to fund benefit payments for the SERP plan is $32 million. The estimated fiscal 2026 contributions to fund benefit payments for the international retirement plans are $21 million.Estimated Future Benefit PaymentsEstimated future benefit payments for vested participants, based on actuarial assumptions, are as follows: U.S. Pension BenefitsInternational Pension Benefits (In millions)2026$150 $16 2027164 17 2028174 17 2029184 18 2030192 18 Subsequent five years1,050 94 AssumptionsWeighted-average assumptions used to determine benefit obligations as of year-end were: Jun. 28, 2025Jun. 29, 2024Discount rate — U.S. Retirement Plan5.76 %5.86 %Discount rate — SERP5.75 5.89 Discount rate — U.K. Retirement Plan5.60 5.20 Rate of compensation increase — U.S. Retirement Plan3.00 3.00 As benefit accruals under the SERP and U.K. Retirement Plan are frozen, future pay is not projected in the determination of the benefit obligation as of June 28, 2025 or June 29, 2024.Weighted-average assumptions used to determine net company-sponsored pension costs for each fiscal year were:

92

 202520242023Discount rate — U.S. Retirement Plan (1)5.86 %5.62 %6.07 %Discount rate — SERP5.