Company: SYY
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000096021-25-000157
Chunk: 38

Company: SYSCO CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 38
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 would have been anti-dilutive was approximately 1,718,000 and 3,338,000 for the first 13 weeks of fiscal 2026 and 2025, respectively.

9.  OTHER COMPREHENSIVE INCOME

Comprehensive income is net earnings plus certain other items that are recorded directly to shareholders’ equity, such as foreign currency translation adjustment, amounts related to certain hedging arrangements, amounts related to pension and other postretirement plans and changes in marketable securities. Comprehensive income was $445 million and $663 million for the first quarter of fiscal 2026 and fiscal 2025, respectively. A summary of the components of other comprehensive income (loss) and the related tax effects for each of the periods presented is as follows:

15

  13-Week Period Ended Sep. 27, 2025 Location of Expense (Income) Recognized in Net EarningsBefore TaxAmountTaxNet of TaxAmount  (In millions)Foreign currency translation:Foreign currency translation adjustmentN/A$(65)$— $(65)Hedging instruments:Other comprehensive income (loss) before reclassification adjustments:Change in cash flow hedgesOperating expenses 13 3 10 Change in net investment hedges N/A18 5 13 Total other comprehensive income before reclassification adjustments31 8 23 Reclassification adjustments:    Amortization of cash flow hedgesInterest expense1 — 1 Pension and other postretirement benefit plans:    Other comprehensive income beforereclassification adjustments:Net actuarial gain (loss) and other adjustments arising in the current yearOther expense, net5 1 4 Total other comprehensive income before reclassification adjustments5 1 4 Reclassification adjustments:    Amortization of actuarial loss, netOther expense (income), net7 2 5 Total reclassification adjustments7 2 5 Marketable securities:   Change in marketable securities  Other expense (income), net1 — 1 Total other comprehensive income (loss)$(20)$11 $(31)

16

  13-Week Period Ended Sep. 28, 2024 Location of Expense (Income) Recognized in Net EarningsBefore TaxAmountTaxNet of TaxAmount  (In millions)Foreign currency translation:Foreign currency translation adjustmentN/A$168 $— $168 Hedging instruments:Other comprehensive income before reclassification adjustments