Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 35

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 35
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$(31)The location and carrying amount of hedged liabilities in the consolidated balance sheet as of June 29, 2024 are as follows:Jun. 29, 2024Carrying Amount of Hedged Assets (Liabilities)Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets (Liabilities)(In millions)Balance sheet location:Long-term debt$(498)$(6)

11.  SELF-INSURED LIABILITIES

Sysco maintains a self-insurance program covering portions of workers’ compensation, general and vehicle liability and property insurance costs. The amounts in excess of the self-insured levels are fully insured by third party insurers. We also maintain a fully self-insured group medical program. A summary of the activity in self-insured liabilities appears below: 202520242023 (In millions)Balance at beginning of period$544 $485 $397 Charged to costs and expenses772 726 707 Payments(724)(667)(619)Balance at end of period$592 $544 $485 The long-term portion of the self-insured liability balance was $412 million and $364 million as of June 28, 2025, and June 29, 2024, respectively.

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12.  DEBT AND OTHER FINANCING ARRANGEMENTS

 Jun. 28, 2025Jun. 29, 2024 (In millions)Euro Commercial paper, interest at 2.22%, maturing in fiscal 2026$205 $— U.S. Commercial paper, interest at 5.45%, matured in fiscal 2025— 200 Senior notes, interest at 3.65%, matured in fiscal 2025 (1)— 365 Senior notes, interest at 3.75%, maturing in fiscal 2026 (1)(2)750 749 Senior notes, interest at 3.30%, maturing in fiscal 2027 (1)(2)999 998 Debentures, interest at 7.16%, maturing in fiscal 2027 (2)(3)43 43 Senior notes, interest at 3.25%, maturing in fiscal 2028 (1)(2)748 747 Debentures, interest at 6.50%, maturing in fiscal 2029 (2)155 155 Senior notes,