Company: SYY
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000096021-25-000157
Chunk: 40

Company: SYSCO CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 40
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29, 2024$(407)$(10)$(917)$(5)$(1,339)Equity adjustment from foreign currency translation168 — — — 168 Amortization of cash flow hedges— 1 — — 1 Change in net investment hedges— (13)— — (13)Change in cash flow hedges— (14)— — (14)Amortization of unrecognized net actuarial losses— — 5 — 5 Net actuarial gain and other adjustments arising in the current year— — 23 — 23 Change in marketable securities— — — 3 3 Balance as of Sep. 28, 2024$(239)$(36)$(889)$(2)$(1,166)

18

 10.  SHARE-BASED COMPENSATION

Sysco provides compensation benefits to employees under several share-based payment arrangements, including various long-term employee stock incentive plans and the 2015 Employee Stock Purchase Plan (ESPP).Stock Incentive PlansIn the first 13 weeks of fiscal 2026, options to purchase 721,368 shares were granted to employees. The fair value of each option award is estimated as of the date of grant using a Black-Scholes option pricing model. The weighted average grant-date fair value per option granted during the first 13 weeks of fiscal 2026 was $19.53.In the first 13 weeks of fiscal 2026, employees were granted 451,638 performance share units (PSUs). Based on the jurisdiction in which the employee resides, some of these PSUs were granted with forfeitable dividend equivalents. The fair value of each PSU award granted with a dividend equivalent is based on the company’s stock price as of the date of grant. For PSUs granted without dividend equivalents, the fair value is reduced by the present value of expected dividends during the vesting period. The weighted average grant-date fair value per PSU granted during the first 13 weeks of fiscal 2026 was $86.23. The PSUs will convert into shares of Sysco’s common stock at the end of the three-year performance period based on actual performance targets achieved, as well as the market-based return of Sysco’s common stock relative to that of each company within the S&P 500 index.In the first 13 weeks of fiscal 2026, employees were granted 1,309,