Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 59

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 59
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edges— (5)— — (5)Change in excluded component of fair value hedge— (2)— — (2)Amortization of unrecognized net actuarial losses— — 15 — 15 Net actuarial loss arising in the current year— — 23 — 23 Change in marketable securities— — — 3 3 Balance as of Mar. 29, 2025$(358)$(16)$(879)$(2)$(1,255) 39-Week Period Ended Mar. 30, 2024 Foreign Currency TranslationHedging,net of taxPension and Other Postretirement Benefit Plans,net of taxMarketable Securities, net of taxTotal (In millions)Balance as of Jul. 1, 2023$(374)$(32)$(840)$(7)$(1,253)Equity adjustment from foreign currency translation(12)— — — (12)Amortization of cash flow hedges— 7 — — 7 Change in net investment hedges— (10)— — (10)Change in cash flow hedges— 19 — — 19 Amortization of unrecognized net actuarial losses— — 15 — 15 Net actuarial gain arising in the current year— — 1 — 1 Change in marketable securities— — — 2 2 Balance as of Mar. 30, 2024$(386)$(16)$(824)$(5)$(1,231)

 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 39 weeks of fiscal 2025, options to purchase 740,630 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 39 weeks of fiscal 2025 was $18.48.In the first 39 weeks of fiscal 2025, employees were granted 494,034 performance share units (PSUs). Based on the jurisdiction in which the employee resides, some of these