Company: SYY
Filing Date: 2025-10-02
Form Type: DEF 14A
Source: 0000096021-25-000147
Chunk: 91

Company: SYSCO CORP
Filing Date: 2025-10-02
Form: DEF 14A
Chunk 91
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      73 |       — |
| Impact of restructuring and transformational project costs(1)                 |     183 |     120 |      63 |     108 |     119 |
| Impact of acquisition-related costs(2)                                        |     160 |     159 |     116 |     139 |      80 |
| Impact of bad debt reserve adjustments(4)                                     |       — |       — |      -5 |     -28 |    -185 |
| Impact of goodwill impairment                                                 |      92 |       — |       — |       — |       — |
| Operating income adjusted for Certain Items (Non-GAAP)                        |   3,523 |   3,481 |   3,210 |   2,638 |   1,461 |
| Less 1 week fourth quarter operating income                                   |       — |       — |       — |       — |     -44 |
| Operating income adjusted for Certain Items using a 52 weekbasis (Non-GAAP)   |   3,523 |   3,481 |   3,210 |   2,638 |   1,417 |

(1) Restructuring and severance charges were $57 million for fiscal year 2025, $56 million for fiscal year 2024, $20 million for fiscal year 2023, $59 million for fiscal year 2022 and $72 million for fiscal year 2021 . Transformation initiative costs, primarily consisting of changes to our business technology strategy and supply chain transformation costs were $126 million for fiscal year 2025, $64 million for fiscal year 2024, $43 million for fiscal year 2023, $49 million for fiscal year 2022 and $56 million for fiscal year 2021. (2) Fiscal year 2025 includes $133 million of intangible amortization expense and $27 million in acquisition and due diligence costs. Fiscal year 2024 includes $128 million of intangible amortization expense and $31 million in acquisition and due diligence costs. Fiscal year 2023 includes $105 million of intangible amortization expense and $10 million in acquisition and due diligence costs. Fiscal year 2022 represents

| 82 | SYSCO CORPORATION//2025 Proxy Statement |

ANNEX I - NON-GAAP RECONCILIATIONS Adjusted Operating Income Non-GAAP Reconciliations (Letter from CEO & Chair of the Board and Lead Independent