Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 14

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 14
---
 $945 $966 Supplemental disclosures of cash flow information:Cash paid during the period for:Interest$629 $557 $511 Income taxes, net of refunds (1)640 564 444 

(1)Cash paid for income taxes, net for fiscal 2025 includes $190 million of cash paid for the purchase of federal tax credits.

See Notes to Consolidated Financial Statements

65

Sysco Corporation and its Consolidated Subsidiaries

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Unless this Form 10-K indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Sysco,” or the “company” as used in this Form 10-K refer to Sysco Corporation together with its consolidated subsidiaries and divisions.

1.  SUMMARY OF ACCOUNTING POLICIES

Business and ConsolidationSysco Corporation, acting through its subsidiaries and divisions (Sysco or the company), is engaged in the marketing and distribution of a wide range of food and related products primarily to the foodservice or food-away-from-home industry. These services are performed for approximately 730,000 customers from 337 distribution facilities located throughout North America and Europe.Sysco’s fiscal year ends on the Saturday nearest to June 30th. This resulted in a 52-week year ended June 28, 2025 for fiscal 2025, a 52-week year ended June 29, 2024 for fiscal 2024, and a 52-week year ended July 1, 2023 for fiscal 2023. The company will have a 52-week year ending June 27, 2026 for fiscal 2026.The accompanying financial statements include the accounts of Sysco and its consolidated subsidiaries. All significant intercompany transactions and account balances have been eliminated.The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates that affect the reported amounts of assets, liabilities, sales and expenses. Actual results could differ from the estimates used.Cash and Cash EquivalentsCash includes cash equivalents such as cash deposits, time deposits, certificates of deposit, commercial paper, high-quality money market funds and all highly liquid instruments with original maturities of three months or less, which are recorded at fair value.Accounts Receivable, Less AllowancesAccounts receivable consist primarily of trade receivables from customers and receivables from suppliers for marketing or incentive programs.