Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 52

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 52
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-the-counter options are valued using pricing models that are based on observable market information. Exchange-traded futures and options are included as a Level 1 measurement in the table below; over-the-counter options are included as a Level 2 measurement.

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The following table presents the fair value of the U.S. Retirement Plan’s assets by major asset category as of June 28, 2025:Assets Measured at Fair Value as of Jun. 28, 2025 Level 1Level 2Level 3Measured at NAV (7)Total (In millions)Cash and cash equivalents$13 $108 $— $— $121 Growth assets:U.S. equity (1)17 — — 228 245 International equity (1)— — — 133 133 Hedge fund of funds (2)— — — 182 182 Real estate funds (3)— — — 80 80 High yield and emerging markets fixed income (4)— — — 45 45 Private equity funds (5)— — — 43 43 Liability hedging assets:Corporate bonds— 1,125 — — 1,125 U.S. government and agency securities— 360 — 178 538 Other (6)— 22 — — 22 Total investments at fair value$30 $1,615 $— $889 $2,534  (1)Includes direct investments in equity securities and within investment funds for which fair value is measured at NAV. There are no unfunded commitments as of June 28, 2025. The remaining investments may be redeemed once per day with advanced written notice and subject to applicable limits.(2)There were no unfunded commitments as of June 28, 2025, and there were no redemption restrictions as of June 28, 2025. The investment may be redeemed once per quarter.(3)For investments in the funds listed in this category, total unfunded commitment as of June 28, 2025 was $2 million. Less than 1% of the investments cannot be redeemed. The estimate of the liquidation period for these funds varies from 2025 to 2026. The remaining investments may be redeemed quarterly with advanced written notice and subject to applicable limits.(4)There were no unfunded commitments as of June 28, 2025, and