Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 53

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 53
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 effects for each of the periods presented is as follows:  13-Week Period Ended Dec. 28, 2024 Location of Expense (Income) Recognized in Net EarningsBefore TaxAmountTaxNet of TaxAmount  (In millions)Foreign currency translation:Foreign currency translation adjustmentN/A$(257)$— $(257)Currency translation adjustment as a result of   disposition of a foreign subsidiaryOperating expense2 — 2 Hedging instruments:Other comprehensive income (loss) before reclassification adjustments:Change in excluded component of fair value   hedgeOther expense, net(2)— (2)Change in cash flow hedgesOperating expenses (1)  7 1 6 Change in net investment hedges N/A22 6 16 Total other comprehensive income before reclassification adjustments27 7 20 Reclassification adjustments:    Amortization of cash flow hedgesInterest expense2 — 2 Pension and other postretirement benefit plans:    Reclassification adjustments:    Amortization of actuarial loss, netOther expense, net7 2 5 Total reclassification adjustments7 2 5 Marketable securities:   Change in marketable securities (2)    N/A(3)(1)(2)Total other comprehensive income (loss)$(222)$8 $(230)(1)Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.(2)Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the second quarter of fiscal 2025.

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  13-Week Period Ended Dec. 30, 2023 Location of Expense (Income) Recognized in Net EarningsBefore TaxAmountTaxNet of TaxAmount  (In millions)Foreign currency translation:Foreign currency translation adjustmentN/A$163 $— $163 Hedging instruments:Other comprehensive income before reclassification adjustments:Change in cash flow hedgesOperating expenses (1)(25)(5)(20)Change in net investment hedgesN/A(22)(5)(17)Total other comprehensive (loss) before reclassification adjustments(47)(10)(37)Reclassification adjustments:Amortization of cash flow hedgesInterest expense3 1 2 Pension and other postretirement benefit plans:    Reclassification adjustments