Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 55

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 55
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 Location of Expense (Income) Recognized in Net EarningsBefore TaxAmountTaxNet of TaxAmount  (In millions)Foreign currency translation:Foreign currency translation adjustmentN/A$55 $— $55 Hedging instruments:Other comprehensive (loss) before reclassification adjustments:Change in cash flow hedgesOperating expenses (1)9 2 7    Change in net investment hedges N/A(22)(5)(17)Total other comprehensive (loss) before reclassification adjustments(13)(3)(10)Reclassification adjustments:Amortization of cash flow hedgesInterest expense6 2 4 Pension and other postretirement benefit plans:Other comprehensive income before reclassification adjustments:Net actuarial gain arising in the current year1 — 1 Reclassification adjustments:Amortization of actuarial loss, netOther expense, net13 3 10 Total reclassification adjustments13 3 10 Marketable securities:Change in marketable securities (2)N/A3 — 3 Total other comprehensive income$65 $2 $63 (1)Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.(2)Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the first 26 weeks of fiscal 2024.

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The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented: 13-Week Period Ended Dec. 28, 2024 Foreign Currency TranslationHedging,net of taxPension and Other Postretirement Benefit Plans,net of taxMarketable Securities, net of taxTotal (In millions)Balance as of Sep. 28, 2024$(239)$(36)$(889)$(2)$(1,166)Equity adjustment from foreign currency translation(257)— — — (257)Currency translation adjustment as a result of disposition of a foreign subsidiary2 — — — 2 Amortization of cash flow hedges— 2 — — 2 Change in net investment hedges— 16 — — 16 Change in cash flow hedges— 6 — — 6 Change in excluded component of fair value hedge— (2)— — (2)Am