Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 155

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 7
Chunk 155
---
)Tax impact of goodwill impairment (4)(10)— (10)NMImpact of other non-routine tax adjustments10 — 10 NMNet earnings adjusted for Certain Items (Non-GAAP)$2,184 $2,167 $17 0.8 %Diluted earnings per share (GAAP)$3.73 $3.89 $(0.16)(4.1)%Impact of restructuring and transformational project costs (2)0.37 0.24 0.13 54.2 Impact of acquisition-related costs (3)0.33 0.32 0.01 3.1 Impact of goodwill impairment0.19 — 0.19 NMTax impact of restructuring and transformational project costs (4)(0.09)(0.06)(0.03)(50.0)Tax impact of acquisition-related costs (4)(0.08)(0.08)— — Tax impact of goodwill impairment (4)(0.02)— (0.02)NMImpact of other non-routine tax adjustments0.02 — 0.02 NMDiluted earnings per share adjusted for Certain Items (Non-GAAP) (5)$4.46 $4.31 $0.15 3.5 %Diluted shares outstanding489,825,648503,096,086(1)Represents a constant currency adjustment which eliminates the impact of foreign currency fluctuations on the current year results. (2)Fiscal 2025 includes $57 million related to restructuring and severance charges and $126 million related to various transformation initiative costs, primarily consisting of supply chain transformation costs and changes to our business technology strategy. Fiscal 2024 includes $56 million related to restructuring and severance charges and $64 million related to various transformation initiative costs, primarily consisting of changes to our business technology strategy.(3)Fiscal 2025 includes $133 million of intangible amortization expense and $27 million in acquisition and due diligence costs. Fiscal 2024 includes $128 million of intangible amortization expense and $31 million in acquisition and due diligence costs.(4)The tax impact of adjustments for Certain Items is calculated by multiplying the pretax impact of each Certain Item by the statutory rates in effect for each jurisdiction where the Certain Item was incurred.(5)Individual components of diluted earnings per share may not add up to the total presented due to rounding. Total diluted