Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 54

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 54
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 — — 167 — 167 Real estate funds (3)— — — 88 — 88 Private equity funds (4)— — — 55 — 55 Liability hedging assets:Corporate bonds— 1,140 — 45 — 1,185 U.S. government and agency securities— 295 — 177 — 472 Other (5)— 15 — — — 15 Total investments at fair value$17 $1,603 $— $888 $(6)$2,502 (1)Includes direct investments in equity securities and within investment funds for which fair value is measured at NAV. There are no unfunded commitments as of June 29, 2024. The remaining investments may be redeemed once per day with advanced written notice and subject to applicable limits.(2)There were no unfunded commitments as of June 29, 2024, and there were no redemption restrictions as of June 29, 2024. The investment may be redeemed once per quarter.(3)For investments in the funds listed in this category, total unfunded commitment as of June 29, 2024 was $2 million. Less than 1% of the investments cannot be redeemed. The estimate of the liquidation period for these funds varies from 2024 to 2026. The remaining investments may be redeemed quarterly with advanced written notice and subject to applicable limits.(4)Total unfunded commitment as of June 29, 2024 was $13 million. The investments cannot be redeemed, but the fund will make distributions through liquidation. The estimate of the liquidation period varies for each fund from 2024 to 2031.(5)Includes foreign government and state and municipal debt securities.(6)Includes certain investments that are measured at fair value using the NAV practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.(7)Primarily represents the net pending purchases and sales of plan assets. The net of this pending activity results in a net payable balance of $6 million as of June 29, 2024.The following table presents the fair value of the U.K. Retirement Plan’s assets by major asset category as of June 29, 2024: Assets Measured at Fair Value as of Jun.