Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 73

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 73
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 expenses of the corporate office and Sysco’s shared service operations. Collectively, our Global Support Center provides numerous centralized services to our operating sites and performs support activities for employees, suppliers and customers. These services include customer and vendor contract administration, finance, legal, information technology, risk management and insurance, sales and marketing, merchandising, inbound logistics, human resources, and strategy. Expenses for the Global Support Center primarily consist of payroll costs for employees assigned to these operations, including severance, if any, all U.S. share-based compensation costs, and certain information technology, self-insurance, and depreciation expenses.Our chief operating decision maker (CODM) is our chief executive officer, who is responsible for setting the company's strategic direction, managing overall operations, and is the main point of communication between the board of directors and key operational personnel within the organization. The CODM regularly reviews financial results, operating performance, and capital expenditures of our reportable segments. Our CODM uses operating income as a primary measure of segment performance and as a comparison between each of our segments. Operating income is defined as income before interest expense, other expense (income), net, and income taxes. The significant expense categories and amounts presented below align with the segment-level information that is regularly provided to the CODM. The following tables set forth certain financial information for Sysco’s business segments. Year Ended Jun. 28, 2025U.S. Foodservice OperationsInternational Foodservice OperationsSYGMAOtherTotal(In millions)Sales$56,965 $14,905 $8,410 $1,090 $81,370 Less:Cost of sales46,090 11,796 7,748 824 66,458 Operations expense4,671 1,654 514 134 6,973 Selling, general & administrative expense2,688 1,018 67 113 3,886 Goodwill impairment— — — 92 92 Total segment operating income3,516 437 81 (73)3,961 Global Support Center(873)Total operating income3,088 Interest expense635 Other expense (income), net38 Earnings before income taxes$2,415 

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Year Ended Jun. 29, 2024U.S. Foodservice OperationsInternational Foodservice OperationsSYGMAOtherTotal(In millions)Sales$55,339 $14,561 $7,768 $1,176