Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 95

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 95
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 subsidiaries $39 $78 Other noncurrent assets5,016 4,714 Total noncurrent assets$5,055 $4,792 LIABILITIESPayables due to non-obligor subsidiaries $209 $215 Other current liabilities 2,996 2,396 Total current liabilities$3,205 $2,611 Notes payable to non-obligor subsidiaries$402 $250 Long-term debt11,822 11,276 Other noncurrent liabilities1,472 1,334 Total noncurrent liabilities$13,696 $12,860 

50

Combined Parent and Guarantor Subsidiaries Summarized Results of Operations39-Week Period Ended Mar. 29, 2025(In millions)Sales$36,707 Gross profit6,482 Operating income1,765 Interest expense from non-obligor subsidiaries2 Net earnings927 

Critical Accounting Estimates

Critical accounting estimates are those that are most important to the portrayal of our financial position and results of operations. These require our most subjective or complex judgments, often employing the use of estimates about the effect of matters that are inherently uncertain. We have reviewed with the Audit Committee of the Board of Directors the development and selection of the critical accounting estimates and this related disclosure. Our most critical accounting estimates pertain to goodwill and intangible assets, income taxes and company-sponsored pension plans, which are described in Item 7 of our fiscal 2024 Form 10-K.

Forward-Looking Statements

Certain statements made herein that look forward in time or express management’s expectations or beliefs with respect to the occurrence of future events are forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” “projected,” “continues,” “continuously,” variations of such terms, and similar terms and phrases denoting anticipated or expected occurrences or results. Examples of forward-looking statements include, but are not limited to, statements about:

•our expectations regarding the ability of our supply chain and facilities to remain in place and operational;

•our plans