Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 34

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 34
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Item 1.  Financial Statements

Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED BALANCE SHEETS

(In millions, except for share data) Dec. 28, 2024Jun. 29, 2024 (unaudited)ASSETSCurrent assetsCash and cash equivalents$793 $696 Accounts receivable, less allowances of $99 and $545,298 5,324 Inventories5,050 4,678 Prepaid expenses and other current assets338 323 Income tax receivable22 22 Total current assets11,501 11,043 Plant and equipment at cost, less accumulated depreciation5,589 5,497 Other long-term assetsGoodwill5,144 5,153 Intangibles, less amortization1,119 1,188 Deferred income taxes441 445 Operating lease right-of-use assets, net1,031 923 Other assets493 668 Total other long-term assets8,228 8,377 Total assets$25,318 $24,917 LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilitiesAccounts payable$5,842 $6,290 Accrued expenses2,224 2,226 Accrued income taxes140 131 Current operating lease liabilities125 125 Current maturities of long-term debt1,222 469 Total current liabilities9,553 9,241 Long-term liabilitiesLong-term debt11,393 11,513 Deferred income taxes337 345 Long-term operating lease liabilities950 838 Other long-term liabilities1,056 1,089 Total long-term liabilities13,736 13,785 Noncontrolling interest15 31 Shareholders’ equityPreferred stock, par value $1 per share Authorized 1,500,000 shares, issued none— — Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares765 765 Paid-in capital1,965 1,908 Retained earnings12,649 12,260 Accumulated other comprehensive loss(1,396)(1,339)Treasury stock at cost, 275,706,546 and 273,416,685 shares(11,969)(11,734)Total shareholders’ equity2,014 1,860 Total