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

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 25
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International Foodservice OperationsSYGMAOtherTotal(In millions)Principal Product CategoriesCanned and dry products$10,441 $2,949 $960 $2 $14,352 Fresh and frozen meats9,773 1,857 1,860 — 13,490 Frozen fruits, vegetables, bakery and other7,662 2,396 1,307 — 11,365 Dairy products6,022 1,537 650 — 8,209 Poultry5,501 1,154 1,097 — 7,752 Fresh produce5,367 1,042 272 — 6,681 Paper and disposables3,999 551 833 59 5,442 Seafood2,380 465 178 — 3,023 Beverage products1,308 585 573 92 2,558 Equipment and smallwares 304 203 24 526 1,057 Other (1)926 821 89 560 2,396 Total Sales$53,683 $13,560 $7,843 $1,239 $76,325 (1)Other sales relate to certain non-food products, including textiles and amenities for our hotel supply business, other janitorial products, and medical supplies.

4.  ACQUISITIONS

During fiscal 2025, the company paid $40 million, net of cash, for acquisitions. Edward Don & Company

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On November 27, 2023, Sysco consummated its acquisition of Edward Don & Company (Edward Don), a leading distributor of foodservice equipment, supplies and disposables in the United States. The acquisition has allowed Sysco to add strategic capabilities to complement its existing business and create a specialty equipment and supplies platform that provides better selection and service to customers. During the second quarter of fiscal 2025, we completed the determination of the fair value of the assets acquired and liabilities assumed. We recorded certain measurement period adjustments during fiscal 2024 and 2025, none of which were individually or in aggregate material to our financial statements.

5.  FAIR VALUE MEASUREMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., an exit price). The accounting guidance