Company: SYY
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000096021-25-000157
Chunk: 19

Company: SYSCO CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 2
Chunk 19
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 27, 2025, Sysco had a total of $11.8 billion in senior notes, debentures and borrowings under the long-term revolving credit facility that were guaranteed by these subsidiary guarantors. Our remaining consolidated subsidiaries (non-guarantor subsidiaries) are not obligated under the senior notes indenture, debentures indenture or our long-term revolving credit facility. See Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources” contained in our fiscal 2025 Form 10-K for additional information regarding the terms of the guarantees.

Basis of Preparation of the Summarized Financial Information 

The summarized financial information of Sysco Corporation (issuer), and certain wholly owned U.S. Broadline subsidiaries (guarantors) (together, the obligor group) is presented on a combined basis with intercompany balances and transactions between entities in the obligor group eliminated. Investments in and equity in the earnings of our non-guarantor subsidiaries, which are not members of the obligor group, have been excluded from the summarized financial information. The obligor group’s amounts due to, amounts due from and transactions with non-guarantor subsidiaries have been presented in separate line items, if they are material to the obligor financials. The following tables include summarized financial information of the obligor group for the periods presented.

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Combined Parent and Guarantor Subsidiaries Summarized Balance SheetSep. 27, 2025Jun. 28, 2025(In millions)ASSETSReceivables due from non-obligor subsidiaries$384 $377 Current assets6,348 6,015 Total current assets$6,732 $6,392 Notes receivable from non-obligor subsidiaries $62 $20 Other noncurrent assets5,266 5,211 Total noncurrent assets$5,328 $5,231 LIABILITIESPayables due to non-obligor subsidiaries $55 $61 Other current liabilities 4,166 3,214 Total current liabilities$4,221 $3,275 Notes payable to non-obligor subsidiaries$405 $334 Long-term debt10,898 11,890 Other noncurrent liabilities1,634 1,538 Total noncurrent liabilities$12,937 $13,762 

Combined Parent and Guarantor Subsidiaries Summarized Results of Operations