Sysco (SYY) 10-Q2 May 232023 Q3 Quarterly reportFinancial data

Company Profile

COVER PAGE

COVER PAGE - shares	9 Months Ended
COVER PAGE - shares	Apr. 01, 2023	Apr. 14, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 01, 2023
Document Transition Report	false
Entity File Number	1-6544
Entity Registrant Name	Sysco Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	74-1648137
Entity Address, Address Line One	1390 Enclave Parkway
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77077-2099
City Area Code	281
Local Phone Number	584-1390
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		506,682,318
Entity Central Index Key	0000096021
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--07-01
Common Stock
Document Information [Line Items]
Title of each class	Common stock, $1.00 Par Value
Trading Symbol	SYY
Security Exchange Name	NYSE
Senior Notes, 1.25% Due 2023
Document Information [Line Items]
Title of each class	1.25% Notes due June 2023
Trading Symbol	SYY 23
Security Exchange Name	NYSE

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 01, 2023	Jul. 02, 2022
Current assets
Cash and cash equivalents	$ 757,867	$ 867,086
Accounts receivable, less allowances of $81,190 and $70,790	5,227,387	4,838,912
Inventories	4,620,614	4,437,498
Prepaid expenses and other current assets	292,726	303,789
Income tax receivable	0	35,934
Total current assets	10,898,594	10,483,219
Plant and equipment at cost, less accumulated depreciation	4,649,356	4,456,420
Other long-term assets
Goodwill	4,613,805	4,542,315
Intangibles, less amortization	886,629	952,683
Deferred income taxes	435,800	377,604
Operating lease right-of-use assets, net	708,763	723,297
Other assets	509,086	550,150
Total other long-term assets	7,154,083	7,146,049
Total assets	22,702,033	22,085,688
Current liabilities
Accounts payable	5,902,249	5,752,958
Accrued expenses	2,136,322	2,270,753
Accrued income taxes	123,892	40,042
Current operating lease liabilities	94,799	105,690
Current maturities of long-term debt	723,473	580,611
Total current liabilities	8,980,735	8,750,054
Long-term liabilities
Long-term debt	10,258,345	10,066,931
Deferred income taxes	212,407	250,171
Long-term operating lease liabilities	633,224	636,417
Other long-term liabilities	1,009,016	967,907
Total long-term liabilities	12,112,992	11,921,426
Noncontrolling interest	33,004	31,948
Shareholders’ equity
Preferred stock, par value $1 per share Authorized 1,500,000 shares, issued none	0	0
Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares	765,175	765,175
Paid-in capital	1,785,075	1,766,305
Retained earnings	10,829,909	10,539,722
Accumulated other comprehensive loss	(1,280,885)	(1,482,054)
Treasury stock at cost, 258,761,015 and 256,531,543 shares	(10,523,972)	(10,206,888)
Total shareholders’ equity	1,575,302	1,382,260
Total liabilities and shareholders’ equity	$ 22,702,033	$ 22,085,688

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 01, 2023	Jul. 02, 2022
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 81,190	$ 70,790
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, authorized (in shares)	1,500,000	1,500,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, issued (in shares)	765,174,900	765,174,900
Treasury stock (in shares)	258,761,015	256,531,543

CONSOLIDATED RESULTS OF OPERATI

CONSOLIDATED RESULTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Income Statement [Abstract]
Sales		$ 18,875,676	$ 16,902,139	$ 56,596,459	$ 49,678,888
Cost of sales		15,444,316	13,888,745	46,326,628	40,802,636
Gross profit		3,431,360	3,013,394	10,269,831	8,876,252
Operating expenses		2,737,183	2,517,665	8,200,679	7,303,932
Operating income		694,177	495,729	2,069,152	1,572,320
Interest expense		134,931	124,018	391,123	495,131
Other expense (income), net	[1]	5,209	(13,777)	350,614	(27,705)
Earnings before income taxes		554,037	385,488	1,327,415	1,104,894
Income taxes		124,433	82,163	291,027	256,115
Net earnings		$ 429,604	$ 303,325	$ 1,036,388	$ 848,779
Net earnings:
Basic earnings per share (in dollars per share)		$ 0.85	$ 0.60	$ 2.04	$ 1.66
Diluted earnings per share (in dollars per share)		$ 0.84	$ 0.59	$ 2.03	$ 1.65
Average shares outstanding (in shares)		507,716,975	508,368,159	507,635,083	510,642,876
Diluted shares outstanding (in shares)		509,842,400	512,238,523	510,123,782	514,198,780

[1]Sysco’s second quarter of fiscal 2023 included a charge for $315.4 million in other expense related to pension settlement charges. See Note 9, “Company-Sponsored Employee Benefit Plans.”

CONSOLIDATED RESULTS OF OPERA_2

CONSOLIDATED RESULTS OF OPERATIONS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Apr. 01, 2023	Dec. 31, 2022	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Pension settlement charge				$ 315,354	$ 0
United States \| Pension Benefits
Pension settlement charge	$ 0	$ 315,400	$ 0	$ 315,354	$ 0

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Statement of Comprehensive Income [Abstract]
Net earnings	$ 429,604	$ 303,325	$ 1,036,388	$ 848,779
Other comprehensive income (loss):
Foreign currency translation adjustment	62,771	(96,582)	72,403	(210,646)
Items presented net of tax:
Amortization of cash flow hedges	2,170	2,155	6,495	6,465
Change in net investment hedges	(5,401)	12,041	(15,641)	30,568
Change in cash flow hedges	(22,455)	18,375	(48,642)	11,845
Reclassification adjustment for loss included in net income	(7)	0	15	0
Amortization of prior service cost	74	74	222	222
Amortization of actuarial loss	5,605	6,514	18,124	18,369
Pension settlement charge	0	0	236,591	0
Net actuarial loss arising in current year	0	0	(67,388)	0
Change in marketable securities	1,146	(5,323)	(1,010)	(7,063)
Total other comprehensive income (loss)	43,903	(62,746)	201,169	(150,240)
Comprehensive income	$ 473,507	$ 240,579	$ 1,237,557	$ 698,539

CHANGES IN CONSOLIDATED SHAREHO

CHANGES IN CONSOLIDATED SHAREHOLDERS’ EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning balance (in shares) at Jul. 03, 2021		765,174,900
Beginning balance at Jul. 03, 2021	$ 1,552,896	$ 765,175	$ 1,619,995	$ 10,151,706	$ (1,148,764)	$ (9,835,216)
Treasury stock, beginning balance (in shares) at Jul. 03, 2021						253,342,595
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	848,779			848,779
Foreign currency translation adjustment	(210,646)				(210,646)
Amortization of cash flow hedges, net of tax	6,465				6,465
Change in cash flow hedges, net of tax	11,845				11,845
Change in net investment hedges, net of tax	30,568				30,568
Reclassification of pension and other postretirement benefit plans amounts to net earnings, net of tax	18,591				18,591
Pension settlement charge, net of tax	0
Net actuarial loss arising in current year	0
Change in marketable securities, net of tax	(7,063)				(7,063)
Dividends declared	(720,693)			(720,693)
Treasury stock purchases (in shares)						5,679,298
Treasury stock purchases	(415,824)					$ (415,824)
Increase in ownership interest in subsidiaries	(304)		(304)
Share-based compensation awards	206,795		117,610			$ 89,185
Share-based compensation awards (in shares)						(2,513,911)
Ending balance (in shares) at Apr. 02, 2022		765,174,900
Ending balance at Apr. 02, 2022	1,321,409	$ 765,175	1,737,301	10,279,792	(1,299,004)	$ (10,161,855)
Treasury stock, ending balance (in shares) at Apr. 02, 2022						256,507,982
Beginning balance (in shares) at Jan. 02, 2022		765,174,900
Beginning balance at Jan. 02, 2022	1,221,072	$ 765,175	1,690,487	10,216,625	(1,236,258)	$ (10,214,957)
Treasury stock, beginning balance (in shares) at Jan. 02, 2022						258,033,856
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	303,325			303,325
Foreign currency translation adjustment	(96,582)				(96,582)
Amortization of cash flow hedges, net of tax	2,155				2,155
Change in cash flow hedges, net of tax	18,375				18,375
Change in net investment hedges, net of tax	12,041				12,041
Reclassification of pension and other postretirement benefit plans amounts to net earnings, net of tax	6,588				6,588
Pension settlement charge, net of tax	0
Net actuarial loss arising in current year	0
Change in marketable securities, net of tax	(5,323)				(5,323)
Dividends declared	(240,158)			(240,158)
Share-based compensation awards	99,916		46,814			$ 53,102
Share-based compensation awards (in shares)						(1,525,874)
Ending balance (in shares) at Apr. 02, 2022		765,174,900
Ending balance at Apr. 02, 2022	$ 1,321,409	$ 765,175	1,737,301	10,279,792	(1,299,004)	$ (10,161,855)
Treasury stock, ending balance (in shares) at Apr. 02, 2022						256,507,982
Beginning balance (in shares) at Jul. 02, 2022	765,174,900	765,174,900
Beginning balance at Jul. 02, 2022	$ 1,382,260	$ 765,175	1,766,305	10,539,722	(1,482,054)	$ (10,206,888)
Treasury stock, beginning balance (in shares) at Jul. 02, 2022	256,531,543					256,531,543
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	$ 1,036,388			1,036,388
Foreign currency translation adjustment	72,403				72,403
Amortization of cash flow hedges, net of tax	6,495				6,495
Change in cash flow hedges, net of tax	(48,642)				(48,642)
Change in net investment hedges, net of tax	(15,641)				(15,641)
Reclassification of pension and other postretirement benefit plans amounts to net earnings, net of tax	18,346				18,346
Pension settlement charge, net of tax	236,591				236,591
Net actuarial loss arising in current year	(67,388)
Change in marketable securities, net of tax	(995)				(995)
Dividends declared	(746,201)			(746,201)
Treasury stock purchases (in shares)						4,629,297
Treasury stock purchases	(383,750)					$ (383,750)
Increase in ownership interest in subsidiaries	(2,077)		(2,077)
Share-based compensation awards	$ 87,513		20,847			$ 66,666
Share-based compensation awards (in shares)						(2,399,825)
Ending balance (in shares) at Apr. 01, 2023	765,174,900	765,174,900
Ending balance at Apr. 01, 2023	$ 1,575,302	$ 765,175	1,785,075	10,829,909	(1,280,885)	$ (10,523,972)
Treasury stock, ending balance (in shares) at Apr. 01, 2023	258,761,015					258,761,015
Beginning balance (in shares) at Dec. 31, 2022		765,174,900
Beginning balance at Dec. 31, 2022	$ 1,436,589	$ 765,175	1,774,141	10,649,338	(1,324,788)	$ (10,427,277)
Treasury stock, beginning balance (in shares) at Dec. 31, 2022						257,846,972
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	429,604			429,604
Foreign currency translation adjustment	62,771				62,771
Amortization of cash flow hedges, net of tax	2,170				2,170
Change in cash flow hedges, net of tax	(22,455)				(22,455)
Change in net investment hedges, net of tax	(5,401)				(5,401)
Reclassification of pension and other postretirement benefit plans amounts to net earnings, net of tax	5,679				5,679
Pension settlement charge, net of tax	0
Net actuarial loss arising in current year	0
Change in marketable securities, net of tax	1,139				1,139
Dividends declared	(249,033)			(249,033)
Treasury stock purchases (in shares)						1,530,029
Treasury stock purchases	(116,023)					$ (116,023)
Share-based compensation awards	$ 30,262		10,934			$ 19,328
Share-based compensation awards (in shares)						(615,986)
Ending balance (in shares) at Apr. 01, 2023	765,174,900	765,174,900
Ending balance at Apr. 01, 2023	$ 1,575,302	$ 765,175	$ 1,785,075	$ 10,829,909	$ (1,280,885)	$ (10,523,972)
Treasury stock, ending balance (in shares) at Apr. 01, 2023	258,761,015					258,761,015

CHANGES IN CONSOLIDATED SHARE_2

CHANGES IN CONSOLIDATED SHAREHOLDERS’ EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.49	$ 0.47	$ 1.47	$ 1.41

CONSOLIDATED CASH FLOWS (Unaudi

CONSOLIDATED CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Cash flows from operating activities:
Net earnings	$ 1,036,388	$ 848,779
Adjustments to reconcile net earnings to cash provided by operating activities:
Pension settlement charge	315,354	0
Share-based compensation expense	73,765	90,667
Depreciation and amortization	574,945	571,607
Operating lease asset amortization	83,959	82,415
Amortization of debt issuance and other debt-related costs	15,019	16,160
Deferred income taxes	(163,044)	(110,058)
Provision for losses on receivables	21,899	572
Loss on extinguishment of debt	0	115,603
Other non-cash items	2,787	(8,945)
Additional changes in certain assets and liabilities, net of effect of businesses acquired:
Increase in receivables	(405,372)	(908,127)
Increase in inventories	(172,117)	(644,799)
Increase in prepaid expenses and other current assets	(6,242)	(25,391)
Increase in accounts payable	88,995	764,263
(Decrease) increase in accrued expenses	(55,162)	131,376
Decrease in operating lease liabilities	(100,847)	(99,343)
Increase (decrease) in accrued income taxes	119,784	(42,013)
Decrease (increase) in other assets	23,843	(6,595)
Decrease in other long-term liabilities	(28,172)	(30,300)
Net cash provided by operating activities	1,425,782	745,871
Cash flows from investing activities:
Additions to plant and equipment	(474,456)	(327,535)
Proceeds from sales of plant and equipment	28,313	15,946
Acquisition of businesses, net of cash acquired	(37,384)	(1,281,835)
Purchase of marketable securities	(15,078)	(19,318)
Proceeds from sales of marketable securities	11,641	16,648
Other investing activities	5,610	12,773
Net cash used for investing activities	(481,354)	(1,583,321)
Cash flows from financing activities:
Other debt borrowings including senior notes	174,262	1,251,484
Other debt repayments including senior notes	(81,345)	(38,370)
Redemption premiums and repayments for senior notes	0	(1,395,668)
Debt issuance costs	0	(15,547)
Cash received from termination of interest rate swap agreements	0	23,127
Proceeds from stock option exercises	67,115	89,185
Stock repurchases	(377,800)	(415,824)
Dividends paid	(747,378)	(719,865)
Other financing activities	(57,906)	(19,456)
Net cash used for financing activities	(1,023,052)	(1,240,934)
Effect of exchange rates on cash, cash equivalents and restricted cash	1,713	(13,623)
Net decrease in cash, cash equivalents and restricted cash	(76,911)	(2,092,007)
Cash, cash equivalents and restricted cash at beginning of period	931,376	3,037,100
Cash, cash equivalents and restricted cash at end of period	854,465	945,093
Cash paid during the period for:
Interest	343,402	456,996
Income taxes, net of refunds	$ 306,174	$ 395,065

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Apr. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The consolidated financial statements have been prepared by the company, without audit. The financial statements include consolidated balance sheets, consolidated results of operations, consolidated statements of comprehensive income, changes in consolidated shareholders’ equity and consolidated cash flows. In the opinion of management, all adjustments, which consist of normal recurring adjustments, except as otherwise disclosed, necessary to present fairly the financial position, results of operations, comprehensive income, cash flows and changes in shareholders’ equity for all periods presented have been made. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended July 2, 2022. Certain footnote disclosures included in annual financial statements prepared in accordance with generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to applicable rules and regulations for interim financial statements. Supplemental Cash Flow Information The following table sets forth the company’s reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the amounts shown in the consolidated statement of cash flows: Apr. 1, 2023 Apr. 2, 2022 (In thousands) Cash and cash equivalents $ 757,867 $ 876,139 Restricted cash (1) 96,598 68,954 Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows $ 854,465 $ 945,093 (1) Restricted cash primarily represents cash and cash equivalents of Sysco’s wholly owned captive insurance subsidiary, restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within other assets in each consolidated balance sheet. The following table sets forth the company’s non-cash investing and financing activities: Apr. 1, 2023 Apr. 2, 2022 (In thousands) Non-cash investing and financing activities: Plant and equipment acquired through financing programs $ 111,771 $ — Assets obtained in exchange for finance lease obligations 99,776 155,541

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	9 Months Ended
NEW ACCOUNTING STANDARDS	Apr. 01, 2023
Accounting Policies [Abstract]
NEW ACCOUNTING STANDARDS	NEW ACCOUNTING STANDARDS Liabilities – Supplier Financing Programs In September 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-04, Liabilities—Supplier Finance Programs, Subtopic 405-50, that requires entities to disclose in the annual financial statements the key terms of supplier finance programs they use in connection with the purchase of goods and services, along with information about their obligations under these programs, including a roll forward of those obligations. Additionally, the guidance requires disclosure of the outstanding amount of the obligations as of the end of each interim period. The guidance does not affect the recognition, measurement, or financial statement presentation of supplier finance program obligations. The guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2022, which is the first quarter of fiscal 2024 for Sysco, except for the roll forward requirement, which is effective annually for fiscal years beginning after December 15, 2023, which is fiscal year 2025 for Sysco. Early adoption is permitted.

REVENUE

REVENUE	9 Months Ended
REVENUE	Apr. 01, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The company recognizes revenues when its performance obligations are satisfied in an amount that reflects the consideration Sysco expects to be entitled to receive in exchange for those goods and services. Customer receivables, which are included in accounts receivable, less allowances in the consolidated balance sheet, were $4.9 billion and $4.6 billion as of April 1, 2023 and July 2, 2022, respectively. Sysco has certain customer contracts in which upfront monies are paid to its customers. These payments have become industry practice and are not related to financing of the customer’s business. They are not associated with any distinct good or service to be received from the customer and, therefore, are treated as a reduction of transaction prices. All upfront payments are capitalized in other assets and amortized over the life of the contract or the expected life of the relationship with the customer. As of April 1, 2023, Sysco’s contract assets were not significant. Sysco has no significant commissions paid that are directly attributable to obtaining a particular contract. The following tables present our sales disaggregated by reportable segment and sales mix for the company’s principal product categories for the periods presented: 13-Week Period Ended Apr. 1, 2023 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In thousands) Principal Product Categories Canned and dry products $ 2,649,632 $ 743,056 $ 244,695 $ — $ 3,637,383 Fresh and frozen meats 2,378,124 474,824 461,897 — 3,314,845 Frozen fruits, vegetables, bakery and other 1,949,160 548,719 336,495 — 2,834,374 Dairy products 1,513,084 404,943 162,065 — 2,080,092 Poultry 1,266,096 288,185 272,727 — 1,827,008 Fresh produce 1,288,241 255,615 66,458 — 1,610,314 Paper and disposables 988,448 131,784 205,353 14,561 1,340,146 Seafood 587,726 111,779 51,077 — 750,582 Beverage products 328,221 145,013 144,703 21,957 639,894 Other (1) 308,787 240,203 26,588 265,460 841,038 Total Sales $ 13,257,519 $ 3,344,121 $ 1,972,058 $ 301,978 $ 18,875,676 (1) Other sales relate to non-food products, including textiles and amenities for our hotel supply business, equipment, and other janitorial products, medical supplies and smallwares. 13-Week Period Ended Apr. 2, 2022 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In thousands) Principal Product Categories Fresh and frozen meats $ 2,295,514 $ 398,378 $ 484,082 $ 9 $ 3,177,983 Canned and dry products 2,194,073 593,156 203,184 77 2,990,490 Frozen fruits, vegetables, bakery and other 1,597,129 514,418 282,246 — 2,393,793 Poultry 1,425,320 232,456 243,927 — 1,901,703 Dairy products 1,230,092 308,260 138,414 — 1,676,766 Fresh produce 1,162,694 222,765 60,738 — 1,446,197 Paper and disposables 930,526 121,184 186,801 13,034 1,251,545 Seafood 630,833 100,312 42,667 — 773,812 Beverage products 264,087 116,590 124,058 19,218 523,953 Other (1) 275,895 226,570 28,720 234,712 765,897 Total Sales $ 12,006,163 $ 2,834,089 $ 1,794,837 $ 267,050 $ 16,902,139 (1) Other sales relate to non-food products, including textiles and amenities for our hotel supply business, equipment, and other janitorial products, medical supplies and smallwares. 39-Week Period Ended Apr. 1, 2023 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In thousands) Principal Product Categories Canned and dry products $ 7,729,545 $ 2,135,052 $ 717,588 $ 2,002 $ 10,584,187 Fresh and frozen meats 7,234,503 1,373,206 1,377,707 — 9,985,416 Frozen fruits, vegetables, bakery and other 5,643,893 1,724,851 984,070 149 8,352,963 Dairy products 4,536,602 1,130,429 487,466 — 6,154,497 Poultry 4,169,417 866,378 815,461 — 5,851,256 Fresh produce 4,011,326 767,993 197,801 — 4,977,120 Paper and disposables 2,987,583 410,358 625,402 43,102 4,066,445 Seafood 1,773,891 342,270 129,010 — 2,245,171 Beverage products 947,633 415,004 419,541 67,929 1,850,107 Other (1) 902,662 744,726 85,005 796,904 2,529,297 Total Sales $ 39,937,055 $ 9,910,267 $ 5,839,051 $ 910,086 $ 56,596,459 (1) Other sales relate to non-food products, including textiles and amenities for our hotel supply business, equipment, and other janitorial products, medical supplies and smallwares. 39-Week Period Ended Apr. 2, 2022 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In thousands) Principal Product Categories Fresh and frozen meats $ 7,143,738 $ 1,211,781 $ 1,471,877 $ 9 $ 9,827,405 Canned and dry products 6,358,629 1,735,674 496,396 107 8,590,806 Frozen fruits, vegetables, bakery and other 4,606,909 1,550,944 847,579 — 7,005,432 Poultry 4,127,709 714,412 696,633 — 5,538,754 Dairy products 3,445,668 902,752 418,373 — 4,766,793 Fresh produce 3,187,379 656,552 191,349 — 4,035,280 Paper and disposables 2,736,429 355,559 568,054 41,325 3,701,367 Seafood 1,909,559 332,114 109,871 — 2,351,544 Beverage products 766,829 340,966 393,089 60,133 1,561,017 Other (1) 824,432 734,854 76,972 664,232 2,300,490 Total Sales $ 35,107,281 $ 8,535,608 $ 5,270,193 $ 765,806 $ 49,678,888 (1) Other sales relate to non-food products, including textiles and amenities for our hotel supply business, equipment, and other janitorial products, medical supplies and smallwares.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
ACQUISITIONS	Apr. 01, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS During the first 39 weeks of fiscal 2023, the company paid cash of $37.4 million for several acquisitions. Certain acquisitions involve contingent consideration that may include earnout agreements that are typically payable over periods of up to three years in the event that certain operating results are achieved. As of April 1, 2023, aggregate contingent consideration outstanding was $57.2 million, of which $53.7 million was recorded as earnout liabilities. Earnout liabilities are all measured using unobservable inputs that are considered a Level 3 fair value measurement. Greco and Sons On August 12, 2021, Sysco consummated its acquisition of Greco and Sons (Greco), a leading independent Italian specialty distributor in the United States, operating out of 10 distribution centers. Greco imports and distributes a full line of food and non-food products and manufactures specialty meat products. The acquisition also includes Bellissimo Foods Company, which distributes a broad selection of Italian and Mediterranean ingredients, including a proprietary branded line of products that are sold exclusively through the Bellissimo Foods Company distribution network, serving independent pizza and Italian restaurants. The purpose of the acquisition was to strengthen Sysco’s business within the Italian foodservice sector.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Apr. 01, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Sysco’s policy is to invest in only high-quality investments. The fair value of the company’s cash deposits and money market funds included in cash equivalents are valued using inputs that are considered a Level 1 measurement. Other cash equivalents, such as time deposits and highly liquid instruments with original maturities of three months or less, are valued using inputs that are considered a Level 2 measurement. The fair value of the company’s marketable securities are all measured using inputs that are considered a Level 2 measurement, as they rely on quoted prices in markets that are not actively traded or observable inputs over the full term of the asset. The location and the fair value of the company’s marketable securities in the consolidated balance sheet are disclosed in Note 6, “Marketable Securities.” The fair value of the company’s derivative instruments are all measured using inputs that are considered a Level 2 measurement, as they are not actively traded and are valued using pricing models that use observable market quotations. The location and the fair value of derivative assets and liabilities designated as hedges in the consolidated balance sheet are disclosed in Note 7, “Derivative Financial Instruments.” The following tables present the company’s assets measured at fair value on a recurring basis as of April 1, 2023 and July 2, 2022: Assets Measured at Fair Value as of Apr. 1, 2023 Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash equivalents Cash and cash equivalents $ 457,876 $ 10,014 $ — $ 467,890 Other assets (1) 96,598 — — 96,598 Total assets at fair value $ 554,474 $ 10,014 $ — $ 564,488 (1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet. Assets Measured at Fair Value as of Jul. 2, 2022 Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash equivalents Cash and cash equivalents $ 625,281 $ 10,007 $ — $ 635,288 Other assets (1) 64,290 — — 64,290 Total assets at fair value $ 689,571 $ 10,007 $ — $ 699,578 (1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	9 Months Ended
MARKETABLE SECURITIES	Apr. 01, 2023
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES Sysco invests a portion of the assets held by its wholly owned captive insurance subsidiary in a restricted investment portfolio of marketable fixed income securities, which have been classified and accounted for as available-for-sale. The company includes fixed income securities maturing in less than 12 months within prepaid expenses and other current assets and includes fixed income securities maturing in more than 12 months within other assets in the accompanying consolidated balance sheets. The company records the amounts at fair market value, which is determined using quoted market prices at the end of the reporting period. Unrealized gains and any portion of a security’s unrealized loss attributable to non-credit losses are recorded in accumulated other comprehensive loss. There were no significant credit losses recognized in the first 39 weeks of fiscal 2023. The following table presents the company’s available-for-sale marketable securities as of April 1, 2023 and July 2, 2022: Apr. 1, 2023 Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-Term Marketable Securities Long-Term Marketable Securities (In thousands) Fixed income securities: Corporate bonds $ 98,637 $ 277 $ (6,418) $ 92,496 $ 7,812 $ 84,684 Government bonds 29,851 — (1,407) 28,444 — 28,444 Total marketable securities $ 128,488 $ 277 $ (7,825) $ 120,940 $ 7,812 $ 113,128 Jul. 2, 2022 Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-Term Marketable Securities Long-Term Marketable Securities (In thousands) Fixed income securities: Corporate bonds $ 96,167 $ 8 $ (5,995) $ 90,180 $ 5,983 $ 84,197 Government bonds 30,070 — (302) 29,768 — 29,768 Total marketable securities $ 126,237 $ 8 $ (6,297) $ 119,948 $ 5,983 $ 113,965 As of April 1, 2023, the balance of available-for-sale securities by contractual maturity is shown in the following table. Within the table, maturities of fixed income securities have been allocated based upon timing of estimated cash flows. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties. Apr. 1, 2023 (In thousands) Due in one year or less $ 7,812 Due after one year through five years 66,939 Due after five years through ten years 46,189 Total $ 120,940 There were no significant realized gains or losses in marketable securities in the first 39 weeks of fiscal 2023.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Apr. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTSSysco uses derivative financial instruments to enact hedging strategies for risk mitigation purposes; however, the company does not use derivative financial instruments for trading or speculative purposes. Hedging strategies are used to manage interest rate risk, foreign currency risk and fuel price risk. Hedging of interest rate risk Sysco manages its debt portfolio with interest rate swaps from time to time to achieve an overall desired position of fixed and floating rates. Hedging of foreign currency risk The company uses euro-bond denominated debt to hedge the foreign currency exposure of our net investment in certain foreign operations. Additionally, Sysco’s operations in Europe have inventory purchases denominated in currencies other than their functional currency, such as the euro, U.S. dollar, British pound sterling, Polish zloty and Danish krone. These inventory purchases give rise to foreign currency exposure between the functional currency of each entity and these currencies. The company enters into foreign currency forward swap contracts to sell the applicable entity’s functional currency and buy currencies matching the inventory purchase, which operate as cash flow hedges of the company’s foreign currency-denominated inventory purchases. Hedging of fuel price risk Sysco uses fuel commodity swap contracts to hedge against the risk of the change in the price of diesel on anticipated future purchases. These swaps have been designated as cash flow hedges. None of the company’s hedging instruments contain credit-risk-related contingent features. Details of outstanding hedging instruments as of April 1, 2023 are presented below: Maturity Date of the Hedging Instrument Currency / Unit of Measure Notional Value (In millions) Hedging of interest rate risk June 2023 Euro 500 Hedging of foreign currency risk Various (April 2023 to August 2023) Swedish Krona 373 Various (May 2023 to October 2023) British Pound Sterling 18 June 2023 Euro 500 Hedging of fuel risk Various (April 2023 to June 2025) Gallons 79 The location and the fair value of derivative instruments designated as hedges in the consolidated balance sheet as of April 1, 2023 and July 2, 2022 are as follows: Derivative Fair Value Balance Sheet location Apr. 1, 2023 Jul. 2, 2022 (In thousands) Fair Value Hedges: Interest rate swaps Other current liabilities $ 3,443 $ 2,820 Cash Flow Hedges: Fuel swaps Other current assets $ 1,463 $ 47,170 Foreign currency forwards Other current assets 326 633 Fuel swaps Other assets 32 — Fuel swaps Other current liabilities 10,638 — Foreign currency forwards Other current liabilities 81 — Fuel swaps Other long-term liabilities 5,628 209 Gains or losses recognized in the consolidated results of operations for cash flow hedging relationships are not significant for each of the periods presented. The location and amount of gains or losses recognized in the consolidated results of operations for fair value hedging relationships for each of the periods, presented on a pretax basis, are as follows: 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 (In thousands) Total amounts of income and expense line items presented in the consolidated results of operations in which the effects of fair value hedges are recorded $ 134,931 $ 124,018 $ 391,123 $ 495,131 Gain or (loss) on fair value hedging relationships: Interest rate swaps: Hedged items $ (4,888) $ 1,656 $ (5,197) $ 29,011 Derivatives designated as hedging instruments (394) (4,628) (5,008) (52,491) The gains and losses on the fair value hedging relationships associated with the hedged items as disclosed in the table above consist of the following components for each of the periods presented: 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 (In thousands) Interest expense $ (1,940) $ (1,938) $ (5,819) $ (13,830) Decrease in fair value of debt 2,948 (3,594) (622) (42,841) Hedged items $ (4,888) $ 1,656 $ (5,197) $ 29,011 The location and effect of cash flow and net investment hedge accounting on the consolidated statements of comprehensive income for the 13-week periods ended April 1, 2023 and April 2, 2022, presented on a pretax basis, are as follows: 13-Week Period Ended Apr. 1, 2023 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In thousands) (In thousands) Derivatives in cash flow hedging relationships: Fuel swaps $ (27,031) Operating expense $ (969) Foreign currency contracts (878) Cost of sales / Other income — Total $ (27,909) $ (969) Derivatives in net investment hedging relationships: Foreign denominated debt $ (7,201) N/A $ — 13-Week Period Ended Apr. 2, 2022 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In thousands) (In thousands) Derivatives in cash flow hedging relationships: Fuel swaps $ 24,097 Operating expense $ 9,302 Foreign currency contracts (58) Cost of sales / Other income — Total $ 24,039 $ 9,302 Derivatives in net investment hedging relationships: Foreign denominated debt $ 16,055 N/A $ — The location and effect of cash flow and net investment hedge accounting on the consolidated statements of comprehensive income for the 39-week periods ended April 1, 2023 and April 2, 2022, presented on a pretax basis, are as follows: 39-Week Period Ended Apr. 1, 2023 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In thousands) (In thousands) Derivatives in cash flow hedging relationships: Fuel swaps $ (62,186) Operating expense $ 24,393 Foreign currency contracts (543) Cost of sales / Other income — Total $ (62,729) $ 24,393 Derivatives in net investment hedging relationships: Foreign denominated debt $ (20,854) N/A $ — 39-Week Period Ended Apr. 2, 2022 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In thousands) (In thousands) Derivatives in cash flow hedging relationships: Fuel swaps $ 16,024 Operating expense $ 26,882 Foreign currency contracts (492) Cost of sales / Other income — Total $ 15,532 $ 26,882 Derivatives in net investment hedging relationships: Foreign denominated debt $ 40,757 N/A $ — The location and carrying amount of hedged liabilities in the consolidated balance sheet as of April 1, 2023 are as follows: Apr. 1, 2023 Carrying Amount of Hedged Assets (Liabilities) Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets (Liabilities) (In thousands) Balance sheet location: Current maturities of long-term debt $ (569,098) $ 3,443 The location and carrying amount of hedged liabilities in the consolidated balance sheet as of July 2, 2022 are as follows: Jul. 2, 2022 Carrying Amount of Hedged Assets (Liabilities) Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets (Liabilities) (In thousands) Balance sheet location: Current maturities of long-term debt $ (568,601) $ 2,820

DEBT

DEBT	9 Months Ended
DEBT	Apr. 01, 2023
Debt Disclosure [Abstract]
DEBT	DEBT Sysco has a long-term revolving credit facility that includes aggregate commitments of the lenders thereunder of $3.0 billion, with an option to increase such commitments to $4.0 billion. As of April 1, 2023, there were $108.5 million in borrowings outstanding under this facility. Sysco has a U.S commercial paper program allowing the company to issue short-term unsecured notes. On September 2, 2022, Sysco entered into an amended and restated commercial paper dealer agreement increasing the issuance allowance from an aggregate amount not to exceed $2.0 billion to an aggregate amount not to exceed $3.0 billion. Any outstanding amounts are classified within long-term debt, as the program is supported by the long-term revolving credit facility. As of April 1, 2023, there were no commercial paper issuances outstanding under this program. The total carrying value of our debt was $11.0 billion as of April 1, 2023 and $10.6 billion as of July 2, 2022. The increase in the carrying value of our debt from the prior year was due to new financing leases in support of equipment and borrowings under our long-term revolving credit facility. Information regarding the guarantors of our registered debt securities is contained in the section captioned Guarantor Summarized Financial Information in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 2 of Part I of this Form 10-Q.

COMPANY-SPONSORED EMPLOYEE BENE

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS	9 Months Ended
COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS	Apr. 01, 2023
Retirement Benefits [Abstract]
COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS	COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS Sysco has company-sponsored defined benefit and defined contribution retirement plans for its employees. Also, the company provides certain health care benefits to eligible retirees and their dependents. On October 25, 2022, the Sysco Corporation Retirement Plan (the Plan) executed an agreement with Massachusetts Mutual Life Insurance Company (the Insurer). Under this agreement, the Plan purchased a nonparticipating single premium group annuity contract using Plan assets that transferred to the Insurer $695.0 million of the Plan’s defined benefit pension obligations related to certain pension benefits. The contract covers approximately 10,000 Sysco participants and beneficiaries (the Transferred Participants) in the U.S. pension plan (the U.S. Retirement Plan). Under the group annuity contract, the Insurer made an unconditional and irrevocable commitment to pay the pension benefits of each Transferred Participant that were due on or after January 1, 2023. The transaction resulted in no changes to the amount of benefits payable to the Transferred Participants. As a result of the transaction, the company recognized a one-time, non-cash pre-tax pension settlement charge of $315.4 million in the second quarter of fiscal 2023 primarily related to the accelerated recognition of actuarial losses included within accumulated other comprehensive loss in the statement of changes in consolidated shareholders’ equity. The transaction also required the company to remeasure the benefit obligations and plan assets of the U.S. Retirement Plan. The remeasurement reflects the use of an updated discount rate and an expected rate of return on plan assets as of October 31, 2022, applying the practical expedient to remeasure plan assets and obligations as of the nearest calendar month-end date. Funded Status The following table presents the changes in benefit obligations and plan assets of the U.S. Retirement Plan affected by the interim remeasurements described above for the 39-week period ended April 1, 2023: U.S. Retirement Plan (In thousands) Change in benefit obligation: Benefit obligation at July 2, 2022 $ 3,538,232 Service cost 6,247 Interest cost 116,508 Actuarial gain, net (440,311) Benefit payments (96,768) Settlements (694,998) Benefit obligation at April 1, 2023 2,428,910 Change in plan assets: Fair value of plan assets at July 2, 2022 3,633,167 Actual return on plan assets (420,775) Benefit payments (96,768) Settlements (694,998) Fair value of plan assets at April 1, 2023 2,420,626 Funded status at April 1, 2023 $ (8,284) Components of Net Benefit Costs The components of net company-sponsored benefit cost for the U.S. Retirement Plan for the third quarter and first 39 weeks of fiscal 2023 and fiscal 2022 are as follows: 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 (In thousands) (In thousands) Service cost $ 1,890 $ 3,382 $ 6,247 $ 10,146 Interest cost 35,904 34,792 116,508 104,376 Expected return on plan assets (35,425) (51,580) (112,402) (154,740) Amortization of prior service cost 98 99 295 297 Amortization of actuarial loss 7,018 7,304 23,627 21,912 Settlement loss recognized — — 315,354 — Net pension (benefits) costs $ 9,485 $ (6,003) $ 349,629 $ (18,009) The components of net company-sponsored benefit costs other than the service cost component are reported in Other expense (income), net within the consolidated results of operations. Assumptions The remeasurement of the benefit obligations and plan assets of the U.S. Retirement Plan that took place on October 31, 2022 reflects an updated discount rate and an updated expected rate of return on plan assets. The discount rate used to determine benefit obligations as of the remeasurement date was 6.07%, as compared to the discount rate of 4.91% that was used

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
EARNINGS PER SHARE	Apr. 01, 2023
Earnings Per Share, Basic [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share: 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 (In thousands, except for share (In thousands, except for share Numerator: Net earnings $ 429,604 $ 303,325 $ 1,036,388 $ 848,779 Denominator: Weighted-average basic shares outstanding 507,716,975 508,368,159 507,635,083 510,642,876 Dilutive effect of share-based awards 2,125,425 3,870,364 2,488,699 3,555,904 Weighted-average diluted shares outstanding 509,842,400 512,238,523 510,123,782 514,198,780 Basic earnings per share $ 0.85 $ 0.60 $ 2.04 $ 1.66 Diluted earnings per share $ 0.84 $ 0.59 $ 2.03 $ 1.65 The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 2,264,000 and 1,105,000 for the third quarter of fiscal 2023 and fiscal 2022, respectively. The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 1,835,000 and 1,731,000 for the first 39 weeks of fiscal 2023 and fiscal 2022, respectively.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	9 Months Ended
OTHER COMPREHENSIVE INCOME	Apr. 01, 2023
Other Comprehensive Income (Loss), Net of Tax [Abstract]
OTHER COMPREHENSIVE INCOME	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, changes in marketable securities, amounts related to certain hedging arrangements and amounts related to pension and other postretirement plans. Comprehensive income was $473.5 million and $240.6 million for the third quarter of fiscal 2023 and fiscal 2022, respectively. Comprehensive income was $1.2 billion and $698.5 million for the first 39 weeks of fiscal 2023 and fiscal 2022, 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: 13-Week Period Ended Apr. 1, 2023 Location of Before Tax Tax Net of Tax (In thousands) Pension and other postretirement benefit plans: Reclassification adjustments: Amortization of prior service cost Other expense, net $ 99 $ 25 $ 74 Amortization of actuarial loss, net Other expense, net 7,472 1,867 5,605 Total reclassification adjustments 7,571 1,892 5,679 Foreign currency translation: Other comprehensive income before reclassification adjustments: Foreign currency translation adjustment N/A 62,771 — 62,771 Marketable securities: Change in marketable securities (1) N/A 1,441 302 1,139 Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedge Operating expenses (2) (27,909) (5,454) (22,455) Change in net investment hedge N/A (7,201) (1,800) (5,401) Total other comprehensive income (loss) before reclassification adjustments (35,110) (7,254) (27,856) Reclassification adjustments: Amortization of cash flow hedges Interest expense 2,893 723 2,170 Total other comprehensive income (loss) $ 39,566 $ (4,337) $ 43,903 (1) Realized gains or losses on marketa ble securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the third quarter of fiscal 2023. (2) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. 13-Week Period Ended Apr. 2, 2022 Location of Before Tax Tax Net of Tax (In thousands) Pension and other postretirement benefit plans: Reclassification adjustments: Amortization of prior service cost Other expense, net $ 99 $ 25 $ 74 Amortization of actuarial loss, net Other expense, net 8,668 2,154 6,514 Total reclassification adjustments 8,767 2,179 6,588 Foreign currency translation: Foreign currency translation adjustment N/A (96,582) — (96,582) Marketable securities: Change in marketable securities (1) N/A (6,738) (1,415) (5,323) Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedges Operating expenses (2) 24,039 5,664 18,375 Change in net investment hedges N/A 16,055 4,014 12,041 Total other comprehensive income before reclassification adjustments 40,094 9,678 30,416 Reclassification adjustments: Amortization of cash flow hedges Interest expense 2,874 719 2,155 Total other comprehensive income (loss) $ (51,585) $ 11,161 $ (62,746) (1) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the third quarter of fiscal 2022 . (2) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. 39-Week Period Ended Apr. 1, 2023 Location of Before Tax Tax Net of Tax (In thousands) Pension and other postretirement benefit plans: Other comprehensive income before reclassification adjustments: Net actuarial loss, arising in the current year Other expense, net $ (89,851) $ (22,463) $ (67,388) Settlements Other expense, net 315,455 78,864 236,591 Total other comprehensive income before reclassification adjustments 225,604 56,401 169,203 Reclassification adjustments: Amortization of prior service cost Other expense, net 297 75 222 Amortization of actuarial loss, net Other expense, net 24,158 6,034 18,124 Total reclassification adjustments 24,455 6,109 18,346 Foreign currency translation: Foreign currency translation adjustment N/A 72,403 — 72,403 Marketable securities: Change in marketable securities (1) N/A (1,260) (265) (995) Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedges Operating expenses (2) (62,729) (14,087) (48,642) Change in net investment hedges N/A (20,854) (5,213) (15,641) Total other comprehensive income (loss) before reclassification adjustments (83,583) (19,300) (64,283) Reclassification adjustments: Amortization of cash flow hedges Interest expense 8,660 2,165 6,495 Total other comprehensive income $ 246,279 $ 45,110 $ 201,169 (1) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the first 39 weeks of fiscal 2023. (2) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. 39-Week Period Ended Apr. 2, 2022 Location of Before Tax Tax Net of Tax (In thousands) Pension and other postretirement benefit plans: Reclassification adjustments: Amortization of prior service cost Other expense, net $ 297 $ 75 $ 222 Amortization of actuarial loss, net Other expense, net 24,555 6,186 18,369 Total reclassification adjustments 24,852 6,261 18,591 Foreign currency translation: Foreign currency translation adjustment N/A (210,646) — (210,646) Marketable securities: Change in marketable securities (1) N/A (8,939) (1,876) (7,063) Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedges Operating expenses (2) 15,532 3,687 11,845 Change in net investment hedges N/A 40,757 10,189 30,568 Total other comprehensive income before reclassification adjustments 56,289 13,876 42,413 Reclassification adjustments: Amortization of cash flow hedges Interest expense 8,622 2,157 6,465 Total other comprehensive income (loss) $ (129,822) $ 20,418 $ (150,240) (1) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the first 39 weeks of fiscal 2022. (2) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. The following tables provide a summary of the changes in accumulated other comprehensive (loss) income f or the periods presented: 39-Week Period Ended Apr. 1, 2023 Pension and Other Postretirement Benefit Plans, Foreign Currency Translation Hedging, Marketable Securities, Total (In thousands) Balance as of Jul. 2, 2022 $ (1,011,335) $ (501,517) $ 35,770 $ (4,972) $ (1,482,054) Net actuarial loss arising in the current year (67,388) — — — (67,388) Settlements 236,591 — — — 236,591 Equity adjustment from foreign currency translation — 72,403 — — 72,403 Amortization of cash flow hedges — — 6,495 — 6,495 Change in net investment hedges — — (15,641) — (15,641) Change in cash flow hedge — — (48,642) — (48,642) Amortization of unrecognized prior service cost 222 — — — 222 Amortization of unrecognized net actuarial losses 18,124 — — — 18,124 Change in marketable securities — — — (995) (995) Balance as of Apr. 1, 2023 $ (823,786) $ (429,114) $ (22,018) $ (5,967) $ (1,280,885) 39-Week Period Ended Apr. 2, 2022 Pension and Other Postretirement Benefit Plans, Foreign Currency Translation Hedging, Marketable Securities Total (In thousands) Balance as of Jul. 3, 2021 $ (1,061,991) $ (40,092) $ (51,096) $ 4,415 $ (1,148,764) Equity adjustment from foreign currency translation — (210,646) — — (210,646) Amortization of cash flow hedges — — 6,465 — 6,465 Change in net investment hedges — — 30,568 — 30,568 Change in cash flow hedge — — 11,845 — 11,845 Amortization of unrecognized prior service cost 222 — — — 222 Amortization of unrecognized net actuarial losses 18,369 — — — 18,369 Change in marketable securities — — — (7,063) (7,063) Balance as of Apr. 2, 2022 $ (1,043,400) $ (250,738) $ (2,218) $ (2,648) $ (1,299,004)

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
SHARE-BASED COMPENSATION	Apr. 01, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	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 Plans In the first 39 weeks of fiscal 2023, options to purchase 916,673 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 2023 was $24.58. In the first 39 weeks of fiscal 2023, employees were granted 441,153 performance share units (PSUs). Based on the jurisdiction in which the employee resides, some of these PSUs were granted with forfeitable dividend equivalents. The fair value of each PSU award granted with a dividend equivalent is based on the company’s stock price as of the date of grant. For PSUs granted without dividend equivalents, the fair value was reduced by the present value of expected dividends during the vesting period. The weighted average grant-date fair value per PSU granted during the first 39 weeks of fiscal 2023 was $85.31. The PSUs will convert into shares of Sysco common stock at the end of the three-year performance period based on actual performance targets achieved, as well as the market-based return of Sysco’s common stock relative to that of each company within the S&P 500 index. In the first 39 weeks of fiscal 2023, employees were granted 889,635 restricted stock units. The weighted average grant-date fair value per restricted stock unit granted during the first 39 weeks of fiscal 2023 was $75.70. Employee Stock Purchase Plan Plan participants purchased 792,411 shares of common stock under the ESPP during the first 39 weeks of fiscal 2023. The weighted average fair value per employee stock purchase right issued pursuant to the ESPP was $11.15 during the first 39 weeks of fiscal 2023. The fair value of each stock purchase right is estimated as the difference between the stock price at the date of issuance and the employee purchase price. All Share-Based Payment Arrangements The total share-based compensation cost that has been recognized in results of operations was $73.8 million and $90.7 million for the first 39 weeks of fiscal 2023 and fiscal 2022, respectively. As of April 1, 2023, there was $149.4 million of total unrecognized compensation cost related to share-based compensation arrangements. This cost is expected to be recognized over a weighted-average period of 2.05 years.

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Apr. 01, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Effective Tax Rate The effective tax rates for the third quarter and first 39 weeks of fiscal 2023 were 22.46% and 21.92%, respectively. The third quarter was favorably impacted by a cumulative effect of the change in the effective tax rate. The first 39 weeks of fiscal 2023 were favorably impacted by the benefit of the pension buyout and excess tax benefits of equity-based compensation. The effective tax rates for the third quarter and first 39 weeks of fiscal 2022 were 21.31% and 23.18%, respectively. The effective tax rate for the third quarter and first 39 weeks of fiscal 2022 was favorably impacted by the excess tax benefits of equity-based compensation and the impact of non-taxable corporate-owned life insurance policies. For the first 39 weeks of fiscal 2022, these were partially offset by the increase in our reserve for uncertain tax positions recognized in the first quarter of fiscal 2022. Uncertain Tax Positions As of April 1, 2023, the gross amount of unrecognized tax benefit and related accrued interest was $32.4 million and $7.4 million, respectively. It is reasonably possible that the amount of the unrecognized tax benefit with respect to certain unrecognized tax positions of the company will increase or decrease in the next 12 months. At this time, an estimate of the range of the reasonably possible change cannot be made. During the third quarter of fiscal 2023, Sysco received a Statutory Notice of Deficiency from the Internal Revenue Service, mainly related to foreign tax credits generated in fiscal 2018 from repatriated earnings primarily from our Canadian operations. In the fourth quarter (April 18th) of fiscal 2023, the company filed suit in the U.S. Tax Court challenging the validity of certain tax regulations related to the one-time transition tax on unrepatriated foreign earnings, which was enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA). The lawsuit seeks to have the court invalidate these regulations, which would affirm the company’s position regarding its foreign tax credits. Sysco has previously recorded a benefit of $131.0 million attributable to its interpretation of the TCJA and the Internal Revenue Code. If the company is ultimately unsuccessful in defending its position, it may be required to reverse all, or some portion, of the benefit previously recorded. Other The Inflation Reduction Act of 2022 (Inflation Reduction Act) was enacted on August 16, 2022. The Inflation Reduction Act imposes a new 15% corporate alternative minimum tax (CAMT) on “applicable corporations” for taxable years beginning after December 31, 2022. The CAMT is imposed to the extent the alternative minimum tax exceeds a corporation’s regular tax liability. A corporation that pays alternative minimum tax is eligible for a credit against income tax in future years. The determination of the company’s provision for income taxes requires judgment, the use of estimates and the interpretation and application of complex tax laws. The company’s provision for income taxes reflects income earned and taxed in the various United States (U.S.) federal and state, as well as foreign jurisdictions. Tax law changes, increases or decreases in permanent book versus tax basis differences, accruals or adjustments of accruals for unrecognized tax benefits or valuation allowances, and the company’s change in the mix of earnings from these taxing jurisdictions all affect the overall effective tax rate.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Apr. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Proceedings Sysco is engaged in various legal proceedings that have arisen but have not been fully adjudicated. The likelihood of loss for these legal proceedings, based on definitions within contingency accounting literature, ranges from remote to reasonably possible to probable. When probable and reasonably estimable, the losses have been accrued. Although the final results of legal proceedings cannot be predicted with certainty, based on estimates of the range of potential losses associated with these matters, management does not believe the ultimate resolution of these proceedings, either individually or in the aggregate, will have a material adverse effect upon the consolidated financial position or results of operations of the company.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	9 Months Ended
BUSINESS SEGMENT INFORMATION	Apr. 01, 2023
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION Sysco distributes food and related products to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Our primary operations are located in North America and Europe. Under the accounting provisions related to disclosures about segments of an enterprise, we have aggregated certain operating segments into three reportable segments. “Other” financial information is attributable to our other operating segments that do not meet the quantitative disclosure thresholds. • U.S. Foodservice Operations – primarily includes (a) our U.S. Broadline operations, which distribute a full line of food products, including custom-cut meat, seafood, produce, specialty Italian, specialty imports and a wide variety of non-food products and (b) our U.S. Specialty operations, which include our FreshPoint fresh produce distribution business, our Specialty Meats and Seafood Group specialty protein operations, our growing Italian Specialty platform anchored by Greco & Sons, our Asian specialty distribution company and a number of other small specialty businesses that are not material to our operations; • International Foodservice Operations – includes operations outside of the U.S., which distribute a full line of food products and a wide variety of non-food products. The Americas primarily consists of operations in Canada, Bahamas, Mexico, Costa Rica and Panama, as well as our export operations that distribute to international customers. Our European operations primarily consist of operations in the United Kingdom (U.K.), France, Ireland and Sweden; • SYGMA – our U.S. customized distribution operations serving quick-service chain restaurant customer locations; and • Other – primarily our hotel supply operations, Guest Worldwide. The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated financial statements. Our Global Support Center generally includes all expenses of the corporate office and Sysco’s shared service operations. These also include all U.S. share-based compensation costs. The following tables set forth certain financial information for Sysco’s reportable business segments: 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 Sales: (In thousands) (In thousands) U.S. Foodservice Operations $ 13,257,519 $ 12,006,163 $ 39,937,055 $ 35,107,281 International Foodservice Operations 3,344,121 2,834,089 9,910,267 8,535,608 SYGMA 1,972,058 1,794,837 5,839,051 5,270,193 Other 301,978 267,050 910,086 765,806 Total $ 18,875,676 $ 16,902,139 $ 56,596,459 $ 49,678,888 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 Operating income (loss): (In thousands) (In thousands) U.S. Foodservice Operations $ 855,766 $ 746,467 $ 2,540,555 $ 2,220,812 International Foodservice Operations 48,352 7,760 192,945 55,181 SYGMA 25,439 4,362 37,715 (4,814) Other 11,836 (3,972) 33,255 2,667 Total segments 941,393 754,617 2,804,470 2,273,846 Global Support Center (247,216) (258,888) (735,318) (701,526) Total operating income 694,177 495,729 2,069,152 1,572,320 Interest expense 134,931 124,018 391,123 495,131 Other expense (income), net 5,209 (13,777) 350,614 (27,705) Earnings before income taxes $ 554,037 $ 385,488 $ 1,327,415 $ 1,104,894

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Apr. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liabilities – Supplier Financing Programs	Liabilities – Supplier Financing Programs In September 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-04, Liabilities—Supplier Finance Programs, Subtopic 405-50, that requires entities to disclose in the annual financial statements the key terms of supplier finance programs they use in connection with the purchase of goods and services, along with information about their obligations under these programs, including a roll forward of those obligations. Additionally, the guidance requires disclosure of the outstanding amount of the obligations as of the end of each interim period. The guidance does not affect the recognition, measurement, or financial statement presentation of supplier finance program obligations. The guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2022, which is the first quarter of fiscal 2024 for Sysco, except for the roll forward requirement, which is effective annually for fiscal years beginning after December 15, 2023, which is fiscal year 2025 for Sysco. Early adoption is permitted.
Fair Value Measurements	The fair value of the company’s marketable securities are all measured using inputs that are considered a Level 2 measurement, as they rely on quoted prices in markets that are not actively traded or observable inputs over the full term of the asset. The location and the fair value of the company’s marketable securities in the consolidated balance sheet are disclosed in Note 6, “Marketable Securities.” The fair value of the company’s derivative instruments are all measured using inputs that are considered a Level 2 measurement, as they are not actively traded and are valued using pricing models that use observable market quotations. The location and the fair value of derivative assets and liabilities designated as hedges in the consolidated balance sheet are disclosed in Note 7, “Derivative Financial Instruments.”

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	9 Months Ended
BASIS OF PRESENTATION (Tables)	Apr. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash	The following table sets forth the company’s reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the amounts shown in the consolidated statement of cash flows: Apr. 1, 2023 Apr. 2, 2022 (In thousands) Cash and cash equivalents $ 757,867 $ 876,139 Restricted cash (1) 96,598 68,954 Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows $ 854,465 $ 945,093 (1) Restricted cash primarily represents cash and cash equivalents of Sysco’s wholly owned captive insurance subsidiary, restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within other assets in each consolidated balance sheet.
Schedule of Restrictions on Cash and Cash Equivalents	The following table sets forth the company’s reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the amounts shown in the consolidated statement of cash flows: Apr. 1, 2023 Apr. 2, 2022 (In thousands) Cash and cash equivalents $ 757,867 $ 876,139 Restricted cash (1) 96,598 68,954 Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows $ 854,465 $ 945,093 (1) Restricted cash primarily represents cash and cash equivalents of Sysco’s wholly owned captive insurance subsidiary, restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within other assets in each consolidated balance sheet.
Schedule of Non-cash Investing and Financing Activities	The following table sets forth the company’s non-cash investing and financing activities: Apr. 1, 2023 Apr. 2, 2022 (In thousands) Non-cash investing and financing activities: Plant and equipment acquired through financing programs $ 111,771 $ — Assets obtained in exchange for finance lease obligations 99,776 155,541

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
REVENUE (Tables)	Apr. 01, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables present our sales disaggregated by reportable segment and sales mix for the company’s principal product categories for the periods presented: 13-Week Period Ended Apr. 1, 2023 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In thousands) Principal Product Categories Canned and dry products $ 2,649,632 $ 743,056 $ 244,695 $ — $ 3,637,383 Fresh and frozen meats 2,378,124 474,824 461,897 — 3,314,845 Frozen fruits, vegetables, bakery and other 1,949,160 548,719 336,495 — 2,834,374 Dairy products 1,513,084 404,943 162,065 — 2,080,092 Poultry 1,266,096 288,185 272,727 — 1,827,008 Fresh produce 1,288,241 255,615 66,458 — 1,610,314 Paper and disposables 988,448 131,784 205,353 14,561 1,340,146 Seafood 587,726 111,779 51,077 — 750,582 Beverage products 328,221 145,013 144,703 21,957 639,894 Other (1) 308,787 240,203 26,588 265,460 841,038 Total Sales $ 13,257,519 $ 3,344,121 $ 1,972,058 $ 301,978 $ 18,875,676 (1) Other sales relate to non-food products, including textiles and amenities for our hotel supply business, equipment, and other janitorial products, medical supplies and smallwares. 13-Week Period Ended Apr. 2, 2022 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In thousands) Principal Product Categories Fresh and frozen meats $ 2,295,514 $ 398,378 $ 484,082 $ 9 $ 3,177,983 Canned and dry products 2,194,073 593,156 203,184 77 2,990,490 Frozen fruits, vegetables, bakery and other 1,597,129 514,418 282,246 — 2,393,793 Poultry 1,425,320 232,456 243,927 — 1,901,703 Dairy products 1,230,092 308,260 138,414 — 1,676,766 Fresh produce 1,162,694 222,765 60,738 — 1,446,197 Paper and disposables 930,526 121,184 186,801 13,034 1,251,545 Seafood 630,833 100,312 42,667 — 773,812 Beverage products 264,087 116,590 124,058 19,218 523,953 Other (1) 275,895 226,570 28,720 234,712 765,897 Total Sales $ 12,006,163 $ 2,834,089 $ 1,794,837 $ 267,050 $ 16,902,139 (1) Other sales relate to non-food products, including textiles and amenities for our hotel supply business, equipment, and other janitorial products, medical supplies and smallwares. 39-Week Period Ended Apr. 1, 2023 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In thousands) Principal Product Categories Canned and dry products $ 7,729,545 $ 2,135,052 $ 717,588 $ 2,002 $ 10,584,187 Fresh and frozen meats 7,234,503 1,373,206 1,377,707 — 9,985,416 Frozen fruits, vegetables, bakery and other 5,643,893 1,724,851 984,070 149 8,352,963 Dairy products 4,536,602 1,130,429 487,466 — 6,154,497 Poultry 4,169,417 866,378 815,461 — 5,851,256 Fresh produce 4,011,326 767,993 197,801 — 4,977,120 Paper and disposables 2,987,583 410,358 625,402 43,102 4,066,445 Seafood 1,773,891 342,270 129,010 — 2,245,171 Beverage products 947,633 415,004 419,541 67,929 1,850,107 Other (1) 902,662 744,726 85,005 796,904 2,529,297 Total Sales $ 39,937,055 $ 9,910,267 $ 5,839,051 $ 910,086 $ 56,596,459 (1) Other sales relate to non-food products, including textiles and amenities for our hotel supply business, equipment, and other janitorial products, medical supplies and smallwares. 39-Week Period Ended Apr. 2, 2022 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In thousands) Principal Product Categories Fresh and frozen meats $ 7,143,738 $ 1,211,781 $ 1,471,877 $ 9 $ 9,827,405 Canned and dry products 6,358,629 1,735,674 496,396 107 8,590,806 Frozen fruits, vegetables, bakery and other 4,606,909 1,550,944 847,579 — 7,005,432 Poultry 4,127,709 714,412 696,633 — 5,538,754 Dairy products 3,445,668 902,752 418,373 — 4,766,793 Fresh produce 3,187,379 656,552 191,349 — 4,035,280 Paper and disposables 2,736,429 355,559 568,054 41,325 3,701,367 Seafood 1,909,559 332,114 109,871 — 2,351,544 Beverage products 766,829 340,966 393,089 60,133 1,561,017 Other (1) 824,432 734,854 76,972 664,232 2,300,490 Total Sales $ 35,107,281 $ 8,535,608 $ 5,270,193 $ 765,806 $ 49,678,888 (1) Other sales relate to non-food products, including textiles and amenities for our hotel supply business, equipment, and other janitorial products, medical supplies and smallwares.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Apr. 01, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value Table	The following tables present the company’s assets measured at fair value on a recurring basis as of April 1, 2023 and July 2, 2022: Assets Measured at Fair Value as of Apr. 1, 2023 Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash equivalents Cash and cash equivalents $ 457,876 $ 10,014 $ — $ 467,890 Other assets (1) 96,598 — — 96,598 Total assets at fair value $ 554,474 $ 10,014 $ — $ 564,488 (1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet. Assets Measured at Fair Value as of Jul. 2, 2022 Level 1 Level 2 Level 3 Total (In thousands) Assets: Cash equivalents Cash and cash equivalents $ 625,281 $ 10,007 $ — $ 635,288 Other assets (1) 64,290 — — 64,290 Total assets at fair value $ 689,571 $ 10,007 $ — $ 699,578 (1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet.

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	9 Months Ended
MARKETABLE SECURITIES (Tables)	Apr. 01, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-For-Sale Marketable Securities	The following table presents the company’s available-for-sale marketable securities as of April 1, 2023 and July 2, 2022: Apr. 1, 2023 Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-Term Marketable Securities Long-Term Marketable Securities (In thousands) Fixed income securities: Corporate bonds $ 98,637 $ 277 $ (6,418) $ 92,496 $ 7,812 $ 84,684 Government bonds 29,851 — (1,407) 28,444 — 28,444 Total marketable securities $ 128,488 $ 277 $ (7,825) $ 120,940 $ 7,812 $ 113,128 Jul. 2, 2022 Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-Term Marketable Securities Long-Term Marketable Securities (In thousands) Fixed income securities: Corporate bonds $ 96,167 $ 8 $ (5,995) $ 90,180 $ 5,983 $ 84,197 Government bonds 30,070 — (302) 29,768 — 29,768 Total marketable securities $ 126,237 $ 8 $ (6,297) $ 119,948 $ 5,983 $ 113,965
Schedule of Available-For-Sale Debt Securities Held To Actual Maturity	As of April 1, 2023, the balance of available-for-sale securities by contractual maturity is shown in the following table. Within the table, maturities of fixed income securities have been allocated based upon timing of estimated cash flows. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties. Apr. 1, 2023 (In thousands) Due in one year or less $ 7,812 Due after one year through five years 66,939 Due after five years through ten years 46,189 Total $ 120,940

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	Apr. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Outstanding Swap Agreements	Details of outstanding hedging instruments as of April 1, 2023 are presented below: Maturity Date of the Hedging Instrument Currency / Unit of Measure Notional Value (In millions) Hedging of interest rate risk June 2023 Euro 500 Hedging of foreign currency risk Various (April 2023 to August 2023) Swedish Krona 373 Various (May 2023 to October 2023) British Pound Sterling 18 June 2023 Euro 500 Hedging of fuel risk Various (April 2023 to June 2025) Gallons 79
Schedule of Derivatives Balance Sheet Location Table	The location and the fair value of derivative instruments designated as hedges in the consolidated balance sheet as of April 1, 2023 and July 2, 2022 are as follows: Derivative Fair Value Balance Sheet location Apr. 1, 2023 Jul. 2, 2022 (In thousands) Fair Value Hedges: Interest rate swaps Other current liabilities $ 3,443 $ 2,820 Cash Flow Hedges: Fuel swaps Other current assets $ 1,463 $ 47,170 Foreign currency forwards Other current assets 326 633 Fuel swaps Other assets 32 — Fuel swaps Other current liabilities 10,638 — Foreign currency forwards Other current liabilities 81 — Fuel swaps Other long-term liabilities 5,628 209 The location and carrying amount of hedged liabilities in the consolidated balance sheet as of April 1, 2023 are as follows: Apr. 1, 2023 Carrying Amount of Hedged Assets (Liabilities) Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets (Liabilities) (In thousands) Balance sheet location: Current maturities of long-term debt $ (569,098) $ 3,443 The location and carrying amount of hedged liabilities in the consolidated balance sheet as of July 2, 2022 are as follows: Jul. 2, 2022 Carrying Amount of Hedged Assets (Liabilities) Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets (Liabilities) (In thousands) Balance sheet location: Current maturities of long-term debt $ (568,601) $ 2,820
Schedule of Location and Effect of Derivative Instruments and Related Hedged Items	The location and amount of gains or losses recognized in the consolidated results of operations for fair value hedging relationships for each of the periods, presented on a pretax basis, are as follows: 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 (In thousands) Total amounts of income and expense line items presented in the consolidated results of operations in which the effects of fair value hedges are recorded $ 134,931 $ 124,018 $ 391,123 $ 495,131 Gain or (loss) on fair value hedging relationships: Interest rate swaps: Hedged items $ (4,888) $ 1,656 $ (5,197) $ 29,011 Derivatives designated as hedging instruments (394) (4,628) (5,008) (52,491) The gains and losses on the fair value hedging relationships associated with the hedged items as disclosed in the table above consist of the following components for each of the periods presented: 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 (In thousands) Interest expense $ (1,940) $ (1,938) $ (5,819) $ (13,830) Decrease in fair value of debt 2,948 (3,594) (622) (42,841) Hedged items $ (4,888) $ 1,656 $ (5,197) $ 29,011 The location and effect of cash flow and net investment hedge accounting on the consolidated statements of comprehensive income for the 13-week periods ended April 1, 2023 and April 2, 2022, presented on a pretax basis, are as follows: 13-Week Period Ended Apr. 1, 2023 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In thousands) (In thousands) Derivatives in cash flow hedging relationships: Fuel swaps $ (27,031) Operating expense $ (969) Foreign currency contracts (878) Cost of sales / Other income — Total $ (27,909) $ (969) Derivatives in net investment hedging relationships: Foreign denominated debt $ (7,201) N/A $ — 13-Week Period Ended Apr. 2, 2022 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In thousands) (In thousands) Derivatives in cash flow hedging relationships: Fuel swaps $ 24,097 Operating expense $ 9,302 Foreign currency contracts (58) Cost of sales / Other income — Total $ 24,039 $ 9,302 Derivatives in net investment hedging relationships: Foreign denominated debt $ 16,055 N/A $ — The location and effect of cash flow and net investment hedge accounting on the consolidated statements of comprehensive income for the 39-week periods ended April 1, 2023 and April 2, 2022, presented on a pretax basis, are as follows: 39-Week Period Ended Apr. 1, 2023 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In thousands) (In thousands) Derivatives in cash flow hedging relationships: Fuel swaps $ (62,186) Operating expense $ 24,393 Foreign currency contracts (543) Cost of sales / Other income — Total $ (62,729) $ 24,393 Derivatives in net investment hedging relationships: Foreign denominated debt $ (20,854) N/A $ — 39-Week Period Ended Apr. 2, 2022 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In thousands) (In thousands) Derivatives in cash flow hedging relationships: Fuel swaps $ 16,024 Operating expense $ 26,882 Foreign currency contracts (492) Cost of sales / Other income — Total $ 15,532 $ 26,882 Derivatives in net investment hedging relationships: Foreign denominated debt $ 40,757 N/A $ —

COMPANY-SPONSORED EMPLOYEE BE_2

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS (Tables)	Apr. 01, 2023
Retirement Benefits [Abstract]
Schedule of defined benefit plans funded status	The following table presents the changes in benefit obligations and plan assets of the U.S. Retirement Plan affected by the interim remeasurements described above for the 39-week period ended April 1, 2023: U.S. Retirement Plan (In thousands) Change in benefit obligation: Benefit obligation at July 2, 2022 $ 3,538,232 Service cost 6,247 Interest cost 116,508 Actuarial gain, net (440,311) Benefit payments (96,768) Settlements (694,998) Benefit obligation at April 1, 2023 2,428,910 Change in plan assets: Fair value of plan assets at July 2, 2022 3,633,167 Actual return on plan assets (420,775) Benefit payments (96,768) Settlements (694,998) Fair value of plan assets at April 1, 2023 2,420,626 Funded status at April 1, 2023 $ (8,284)
Schedule of defined benefit plans components of net benefit cost	The components of net company-sponsored benefit cost for the U.S. Retirement Plan for the third quarter and first 39 weeks of fiscal 2023 and fiscal 2022 are as follows: 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 (In thousands) (In thousands) Service cost $ 1,890 $ 3,382 $ 6,247 $ 10,146 Interest cost 35,904 34,792 116,508 104,376 Expected return on plan assets (35,425) (51,580) (112,402) (154,740) Amortization of prior service cost 98 99 295 297 Amortization of actuarial loss 7,018 7,304 23,627 21,912 Settlement loss recognized — — 315,354 — Net pension (benefits) costs $ 9,485 $ (6,003) $ 349,629 $ (18,009)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
EARNINGS PER SHARE (Tables)	Apr. 01, 2023
Earnings Per Share, Basic [Abstract]
Schedule of Computation of Basic and Diluted Earnings per Share Table	The following table sets forth the computation of basic and diluted earnings per share: 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 (In thousands, except for share (In thousands, except for share Numerator: Net earnings $ 429,604 $ 303,325 $ 1,036,388 $ 848,779 Denominator: Weighted-average basic shares outstanding 507,716,975 508,368,159 507,635,083 510,642,876 Dilutive effect of share-based awards 2,125,425 3,870,364 2,488,699 3,555,904 Weighted-average diluted shares outstanding 509,842,400 512,238,523 510,123,782 514,198,780 Basic earnings per share $ 0.85 $ 0.60 $ 2.04 $ 1.66 Diluted earnings per share $ 0.84 $ 0.59 $ 2.03 $ 1.65

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
OTHER COMPREHENSIVE INCOME (Tables)	Apr. 01, 2023
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Summary of Components of Other Comprehensive (Loss) Income and Related Tax Effects	A summary of the components of other comprehensive income (loss) and the related tax effects for each of the periods presented is as follows: 13-Week Period Ended Apr. 1, 2023 Location of Before Tax Tax Net of Tax (In thousands) Pension and other postretirement benefit plans: Reclassification adjustments: Amortization of prior service cost Other expense, net $ 99 $ 25 $ 74 Amortization of actuarial loss, net Other expense, net 7,472 1,867 5,605 Total reclassification adjustments 7,571 1,892 5,679 Foreign currency translation: Other comprehensive income before reclassification adjustments: Foreign currency translation adjustment N/A 62,771 — 62,771 Marketable securities: Change in marketable securities (1) N/A 1,441 302 1,139 Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedge Operating expenses (2) (27,909) (5,454) (22,455) Change in net investment hedge N/A (7,201) (1,800) (5,401) Total other comprehensive income (loss) before reclassification adjustments (35,110) (7,254) (27,856) Reclassification adjustments: Amortization of cash flow hedges Interest expense 2,893 723 2,170 Total other comprehensive income (loss) $ 39,566 $ (4,337) $ 43,903 (1) Realized gains or losses on marketa ble securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the third quarter of fiscal 2023. (2) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. 13-Week Period Ended Apr. 2, 2022 Location of Before Tax Tax Net of Tax (In thousands) Pension and other postretirement benefit plans: Reclassification adjustments: Amortization of prior service cost Other expense, net $ 99 $ 25 $ 74 Amortization of actuarial loss, net Other expense, net 8,668 2,154 6,514 Total reclassification adjustments 8,767 2,179 6,588 Foreign currency translation: Foreign currency translation adjustment N/A (96,582) — (96,582) Marketable securities: Change in marketable securities (1) N/A (6,738) (1,415) (5,323) Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedges Operating expenses (2) 24,039 5,664 18,375 Change in net investment hedges N/A 16,055 4,014 12,041 Total other comprehensive income before reclassification adjustments 40,094 9,678 30,416 Reclassification adjustments: Amortization of cash flow hedges Interest expense 2,874 719 2,155 Total other comprehensive income (loss) $ (51,585) $ 11,161 $ (62,746) (1) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the third quarter of fiscal 2022 . (2) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. 39-Week Period Ended Apr. 1, 2023 Location of Before Tax Tax Net of Tax (In thousands) Pension and other postretirement benefit plans: Other comprehensive income before reclassification adjustments: Net actuarial loss, arising in the current year Other expense, net $ (89,851) $ (22,463) $ (67,388) Settlements Other expense, net 315,455 78,864 236,591 Total other comprehensive income before reclassification adjustments 225,604 56,401 169,203 Reclassification adjustments: Amortization of prior service cost Other expense, net 297 75 222 Amortization of actuarial loss, net Other expense, net 24,158 6,034 18,124 Total reclassification adjustments 24,455 6,109 18,346 Foreign currency translation: Foreign currency translation adjustment N/A 72,403 — 72,403 Marketable securities: Change in marketable securities (1) N/A (1,260) (265) (995) Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedges Operating expenses (2) (62,729) (14,087) (48,642) Change in net investment hedges N/A (20,854) (5,213) (15,641) Total other comprehensive income (loss) before reclassification adjustments (83,583) (19,300) (64,283) Reclassification adjustments: Amortization of cash flow hedges Interest expense 8,660 2,165 6,495 Total other comprehensive income $ 246,279 $ 45,110 $ 201,169 (1) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the first 39 weeks of fiscal 2023. (2) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. 39-Week Period Ended Apr. 2, 2022 Location of Before Tax Tax Net of Tax (In thousands) Pension and other postretirement benefit plans: Reclassification adjustments: Amortization of prior service cost Other expense, net $ 297 $ 75 $ 222 Amortization of actuarial loss, net Other expense, net 24,555 6,186 18,369 Total reclassification adjustments 24,852 6,261 18,591 Foreign currency translation: Foreign currency translation adjustment N/A (210,646) — (210,646) Marketable securities: Change in marketable securities (1) N/A (8,939) (1,876) (7,063) Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedges Operating expenses (2) 15,532 3,687 11,845 Change in net investment hedges N/A 40,757 10,189 30,568 Total other comprehensive income before reclassification adjustments 56,289 13,876 42,413 Reclassification adjustments: Amortization of cash flow hedges Interest expense 8,622 2,157 6,465 Total other comprehensive income (loss) $ (129,822) $ 20,418 $ (150,240) (1) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the first 39 weeks of fiscal 2022. (2) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.
Schedule of Rollforward of Accumulated Other Comprehensive (Loss) Income	The following tables provide a summary of the changes in accumulated other comprehensive (loss) income f or the periods presented: 39-Week Period Ended Apr. 1, 2023 Pension and Other Postretirement Benefit Plans, Foreign Currency Translation Hedging, Marketable Securities, Total (In thousands) Balance as of Jul. 2, 2022 $ (1,011,335) $ (501,517) $ 35,770 $ (4,972) $ (1,482,054) Net actuarial loss arising in the current year (67,388) — — — (67,388) Settlements 236,591 — — — 236,591 Equity adjustment from foreign currency translation — 72,403 — — 72,403 Amortization of cash flow hedges — — 6,495 — 6,495 Change in net investment hedges — — (15,641) — (15,641) Change in cash flow hedge — — (48,642) — (48,642) Amortization of unrecognized prior service cost 222 — — — 222 Amortization of unrecognized net actuarial losses 18,124 — — — 18,124 Change in marketable securities — — — (995) (995) Balance as of Apr. 1, 2023 $ (823,786) $ (429,114) $ (22,018) $ (5,967) $ (1,280,885) 39-Week Period Ended Apr. 2, 2022 Pension and Other Postretirement Benefit Plans, Foreign Currency Translation Hedging, Marketable Securities Total (In thousands) Balance as of Jul. 3, 2021 $ (1,061,991) $ (40,092) $ (51,096) $ 4,415 $ (1,148,764) Equity adjustment from foreign currency translation — (210,646) — — (210,646) Amortization of cash flow hedges — — 6,465 — 6,465 Change in net investment hedges — — 30,568 — 30,568 Change in cash flow hedge — — 11,845 — 11,845 Amortization of unrecognized prior service cost 222 — — — 222 Amortization of unrecognized net actuarial losses 18,369 — — — 18,369 Change in marketable securities — — — (7,063) (7,063) Balance as of Apr. 2, 2022 $ (1,043,400) $ (250,738) $ (2,218) $ (2,648) $ (1,299,004)

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	9 Months Ended
BUSINESS SEGMENT INFORMATION (Tables)	Apr. 01, 2023
Segment Reporting [Abstract]
Schedule of Business Segment Table	The following tables set forth certain financial information for Sysco’s reportable business segments: 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 Sales: (In thousands) (In thousands) U.S. Foodservice Operations $ 13,257,519 $ 12,006,163 $ 39,937,055 $ 35,107,281 International Foodservice Operations 3,344,121 2,834,089 9,910,267 8,535,608 SYGMA 1,972,058 1,794,837 5,839,051 5,270,193 Other 301,978 267,050 910,086 765,806 Total $ 18,875,676 $ 16,902,139 $ 56,596,459 $ 49,678,888 13-Week Period Ended 39-Week Period Ended Apr. 1, 2023 Apr. 2, 2022 Apr. 1, 2023 Apr. 2, 2022 Operating income (loss): (In thousands) (In thousands) U.S. Foodservice Operations $ 855,766 $ 746,467 $ 2,540,555 $ 2,220,812 International Foodservice Operations 48,352 7,760 192,945 55,181 SYGMA 25,439 4,362 37,715 (4,814) Other 11,836 (3,972) 33,255 2,667 Total segments 941,393 754,617 2,804,470 2,273,846 Global Support Center (247,216) (258,888) (735,318) (701,526) Total operating income 694,177 495,729 2,069,152 1,572,320 Interest expense 134,931 124,018 391,123 495,131 Other expense (income), net 5,209 (13,777) 350,614 (27,705) Earnings before income taxes $ 554,037 $ 385,488 $ 1,327,415 $ 1,104,894

BASIS OF PRESENTATION - Reconci

BASIS OF PRESENTATION - Reconciliation and Restricted Cash, Cash Equivalents (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Jul. 02, 2022	Apr. 02, 2022	Jul. 03, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 757,867	$ 867,086	$ 876,139
Restricted cash	96,598		68,954
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows	$ 854,465	$ 931,376	$ 945,093	$ 3,037,100

BASIS OF PRESENTATION - Non-cas

BASIS OF PRESENTATION - Non-cash Investing and Financing Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Non-cash investing and financing activities:
Plant and equipment acquired through financing programs	$ 111,771	$ 0
Assets obtained in exchange for finance lease obligations	$ 99,776	$ 155,541

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) - USD ($) $ in Billions	Apr. 01, 2023	Jul. 02, 2022
Revenue from Contract with Customer [Abstract]
Customer receivables included in accounts and notes receivable, net	$ 4.9	$ 4.6

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 18,875,676	$ 16,902,139	$ 56,596,459	$ 49,678,888
Canned and dry products
Disaggregation of Revenue [Line Items]
Revenue	3,637,383	2,990,490	10,584,187	8,590,806
Fresh and frozen meats
Disaggregation of Revenue [Line Items]
Revenue	3,314,845	3,177,983	9,985,416	9,827,405
Frozen fruits, vegetables, bakery and other
Disaggregation of Revenue [Line Items]
Revenue	2,834,374	2,393,793	8,352,963	7,005,432
Dairy products
Disaggregation of Revenue [Line Items]
Revenue	2,080,092	1,676,766	6,154,497	4,766,793
Poultry
Disaggregation of Revenue [Line Items]
Revenue	1,827,008	1,901,703	5,851,256	5,538,754
Fresh produce
Disaggregation of Revenue [Line Items]
Revenue	1,610,314	1,446,197	4,977,120	4,035,280
Paper and disposables
Disaggregation of Revenue [Line Items]
Revenue	1,340,146	1,251,545	4,066,445	3,701,367
Seafood
Disaggregation of Revenue [Line Items]
Revenue	750,582	773,812	2,245,171	2,351,544
Beverage products
Disaggregation of Revenue [Line Items]
Revenue	639,894	523,953	1,850,107	1,561,017
Other
Disaggregation of Revenue [Line Items]
Revenue	841,038	765,897	2,529,297	2,300,490
US Foodservice Operations
Disaggregation of Revenue [Line Items]
Revenue	13,257,519	12,006,163	39,937,055	35,107,281
US Foodservice Operations \| Canned and dry products
Disaggregation of Revenue [Line Items]
Revenue	2,649,632	2,194,073	7,729,545	6,358,629
US Foodservice Operations \| Fresh and frozen meats
Disaggregation of Revenue [Line Items]
Revenue	2,378,124	2,295,514	7,234,503	7,143,738
US Foodservice Operations \| Frozen fruits, vegetables, bakery and other
Disaggregation of Revenue [Line Items]
Revenue	1,949,160	1,597,129	5,643,893	4,606,909
US Foodservice Operations \| Dairy products
Disaggregation of Revenue [Line Items]
Revenue	1,513,084	1,230,092	4,536,602	3,445,668
US Foodservice Operations \| Poultry
Disaggregation of Revenue [Line Items]
Revenue	1,266,096	1,425,320	4,169,417	4,127,709
US Foodservice Operations \| Fresh produce
Disaggregation of Revenue [Line Items]
Revenue	1,288,241	1,162,694	4,011,326	3,187,379
US Foodservice Operations \| Paper and disposables
Disaggregation of Revenue [Line Items]
Revenue	988,448	930,526	2,987,583	2,736,429
US Foodservice Operations \| Seafood
Disaggregation of Revenue [Line Items]
Revenue	587,726	630,833	1,773,891	1,909,559
US Foodservice Operations \| Beverage products
Disaggregation of Revenue [Line Items]
Revenue	328,221	264,087	947,633	766,829
US Foodservice Operations \| Other
Disaggregation of Revenue [Line Items]
Revenue	308,787	275,895	902,662	824,432
International Foodservice Operations
Disaggregation of Revenue [Line Items]
Revenue	3,344,121	2,834,089	9,910,267	8,535,608
International Foodservice Operations \| Canned and dry products
Disaggregation of Revenue [Line Items]
Revenue	743,056	593,156	2,135,052	1,735,674
International Foodservice Operations \| Fresh and frozen meats
Disaggregation of Revenue [Line Items]
Revenue	474,824	398,378	1,373,206	1,211,781
International Foodservice Operations \| Frozen fruits, vegetables, bakery and other
Disaggregation of Revenue [Line Items]
Revenue	548,719	514,418	1,724,851	1,550,944
International Foodservice Operations \| Dairy products
Disaggregation of Revenue [Line Items]
Revenue	404,943	308,260	1,130,429	902,752
International Foodservice Operations \| Poultry
Disaggregation of Revenue [Line Items]
Revenue	288,185	232,456	866,378	714,412
International Foodservice Operations \| Fresh produce
Disaggregation of Revenue [Line Items]
Revenue	255,615	222,765	767,993	656,552
International Foodservice Operations \| Paper and disposables
Disaggregation of Revenue [Line Items]
Revenue	131,784	121,184	410,358	355,559
International Foodservice Operations \| Seafood
Disaggregation of Revenue [Line Items]
Revenue	111,779	100,312	342,270	332,114
International Foodservice Operations \| Beverage products
Disaggregation of Revenue [Line Items]
Revenue	145,013	116,590	415,004	340,966
International Foodservice Operations \| Other
Disaggregation of Revenue [Line Items]
Revenue	240,203	226,570	744,726	734,854
SYGMA
Disaggregation of Revenue [Line Items]
Revenue	1,972,058	1,794,837	5,839,051	5,270,193
SYGMA \| Canned and dry products
Disaggregation of Revenue [Line Items]
Revenue	244,695	203,184	717,588	496,396
SYGMA \| Fresh and frozen meats
Disaggregation of Revenue [Line Items]
Revenue	461,897	484,082	1,377,707	1,471,877
SYGMA \| Frozen fruits, vegetables, bakery and other
Disaggregation of Revenue [Line Items]
Revenue	336,495	282,246	984,070	847,579
SYGMA \| Dairy products
Disaggregation of Revenue [Line Items]
Revenue	162,065	138,414	487,466	418,373
SYGMA \| Poultry
Disaggregation of Revenue [Line Items]
Revenue	272,727	243,927	815,461	696,633
SYGMA \| Fresh produce
Disaggregation of Revenue [Line Items]
Revenue	66,458	60,738	197,801	191,349
SYGMA \| Paper and disposables
Disaggregation of Revenue [Line Items]
Revenue	205,353	186,801	625,402	568,054
SYGMA \| Seafood
Disaggregation of Revenue [Line Items]
Revenue	51,077	42,667	129,010	109,871
SYGMA \| Beverage products
Disaggregation of Revenue [Line Items]
Revenue	144,703	124,058	419,541	393,089
SYGMA \| Other
Disaggregation of Revenue [Line Items]
Revenue	26,588	28,720	85,005	76,972
Other
Disaggregation of Revenue [Line Items]
Revenue	301,978	267,050	910,086	765,806
Other \| Canned and dry products
Disaggregation of Revenue [Line Items]
Revenue	0	77	2,002	107
Other \| Fresh and frozen meats
Disaggregation of Revenue [Line Items]
Revenue	0	9	0	9
Other \| Frozen fruits, vegetables, bakery and other
Disaggregation of Revenue [Line Items]
Revenue	0	0	149	0
Other \| Dairy products
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Other \| Poultry
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Other \| Fresh produce
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Other \| Paper and disposables
Disaggregation of Revenue [Line Items]
Revenue	14,561	13,034	43,102	41,325
Other \| Seafood
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Other \| Beverage products
Disaggregation of Revenue [Line Items]
Revenue	21,957	19,218	67,929	60,133
Other \| Other
Disaggregation of Revenue [Line Items]
Revenue	$ 265,460	$ 234,712	$ 796,904	$ 664,232

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) $ in Thousands	9 Months Ended
ACQUISITIONS - Narrative (Details) $ in Thousands	Apr. 01, 2023 USD ($)	Apr. 02, 2022 USD ($)	Aug. 12, 2021 center
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired	$ 37,384	$ 1,281,835
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired	$ 37,400
Payable term for contingent consideration	3 years
Contingent consideration outstanding	$ 57,200
Series of Individually Immaterial Business Acquisitions \| Earnout Liabilities
Business Acquisition [Line Items]
Contingent consideration outstanding	$ 53,700
Greco and Sons
Business Acquisition [Line Items]
Number of distribution centers \| center			10

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value Table (Details) - Recurring Fair Value Measurements - USD ($) $ in Thousands	Apr. 01, 2023	Jul. 02, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 467,890	$ 635,288
Other assets	96,598	64,290
Total assets at fair value	564,488	699,578
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	457,876	625,281
Other assets	96,598	64,290
Total assets at fair value	554,474	689,571
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	10,014	10,007
Other assets	0	0
Total assets at fair value	10,014	10,007
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Other assets	0	0
Total assets at fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Billions	Apr. 01, 2023	Jul. 02, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	$ 10.7	$ 10.5
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	$ 11	$ 10.6

MARKETABLE SECURITIES - Availab

MARKETABLE SECURITIES - Available-For-Sale Marketable Securities (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Jul. 02, 2022
Marketable Securities [Line Items]
Amortized Cost Basis	$ 128,488	$ 126,237
Gross Unrealized Gains	277	8
Gross Unrealized Losses	(7,825)	(6,297)
Fair Value	120,940	119,948
Short-Term Marketable Securities	7,812	5,983
Long-Term Marketable Securities	113,128	113,965
Corporate bonds
Marketable Securities [Line Items]
Amortized Cost Basis	98,637	96,167
Gross Unrealized Gains	277	8
Gross Unrealized Losses	(6,418)	(5,995)
Fair Value	92,496	90,180
Short-Term Marketable Securities	7,812	5,983
Long-Term Marketable Securities	84,684	84,197
Government bonds
Marketable Securities [Line Items]
Amortized Cost Basis	29,851	30,070
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,407)	(302)
Fair Value	28,444	29,768
Short-Term Marketable Securities	0	0
Long-Term Marketable Securities	$ 28,444	$ 29,768

MARKETABLE SECURITIES - Avail_2

MARKETABLE SECURITIES - Available-For-Sale Debt Securities Held To Actual Maturity (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Jul. 02, 2022
Investments, Debt and Equity Securities [Abstract]
Due in one year or less	$ 7,812
Due after one year through five years	66,939
Due after five years through ten years	46,189
Amortized Cost Basis	$ 120,940	$ 119,948

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Outstanding Swap Agreements (Details) - 9 months ended Apr. 01, 2023 € in Millions, £ in Millions, kr in Millions, gal in Millions	EUR (€) gal	SEK (kr)	GBP (£)
Hedging of interest rate risk, June 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional value	€ 500
Hedging of foreign currency risk Various (April 2023 to October 2023)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional value		kr 373	£ 18
Hedging of foreign currency risk euro , June 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional value	€ 500
Fuel swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount (in gallons) \| gal	79

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Derivatives Balance Sheet Location Table (Details) - Hedging Instrument - USD ($) $ in Thousands	Apr. 01, 2023	Jul. 02, 2022
Fair Value Hedges \| Interest rate swap agreements \| Other current liabilities
Derivative [Line Items]
Fair value of derivative liabilities	$ 3,443	$ 2,820
Cash Flow Hedges \| Fuel swaps \| Other current assets
Derivative [Line Items]
Fair value of derivative assets	1,463	47,170
Cash Flow Hedges \| Fuel swaps \| Other assets
Derivative [Line Items]
Fair value of derivative assets	32	0
Cash Flow Hedges \| Fuel swaps \| Other current liabilities
Derivative [Line Items]
Fair value of derivative liabilities	10,638	0
Cash Flow Hedges \| Fuel swaps \| Other long-term liabilities
Derivative [Line Items]
Fair value of derivative liabilities	5,628	209
Cash Flow Hedges \| Foreign currency forwards \| Other current assets
Derivative [Line Items]
Fair value of derivative assets	326	633
Cash Flow Hedges \| Foreign currency forwards \| Other current liabilities
Derivative [Line Items]
Fair value of derivative liabilities	$ 81	$ 0

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Location and Effect of Derivative Instruments and Related Hedged Items (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Derivative [Line Items]
Interest expense	$ 134,931	$ 124,018	$ 391,123	$ 495,131
Interest expense	(1,940)	(1,938)	(5,819)	(13,830)
Decrease in fair value of debt	2,948	(3,594)	(622)	(42,841)
Hedging Instrument \| Fair Value Hedges \| Interest rate swaps \| Interest expense
Derivative [Line Items]
Hedged items	(4,888)	1,656	(5,197)	29,011
Derivatives designated as hedging instruments	$ (394)	$ (4,628)	$ (5,008)	$ (52,491)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Cash Flow Hedges (Details) - Hedging Instrument - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Cash Flow Hedges
Derivative [Line Items]
Amount of gain or (loss) recognized in other comprehensive income on derivatives - cash flow hedging	$ (27,909)	$ 24,039	$ (62,729)	$ 15,532
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income - cash flow hedging	(969)	9,302	24,393	26,882
Cash Flow Hedges \| Fuel swaps
Derivative [Line Items]
Amount of gain or (loss) recognized in other comprehensive income on derivatives - cash flow hedging	(27,031)	24,097	(62,186)	16,024
Cash Flow Hedges \| Fuel swaps \| Operating expense
Derivative [Line Items]
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income - cash flow hedging	(969)	9,302	24,393	26,882
Cash Flow Hedges \| Foreign currency contracts
Derivative [Line Items]
Amount of gain or (loss) recognized in other comprehensive income on derivatives - cash flow hedging	(878)	(58)	(543)	(492)
Cash Flow Hedges \| Foreign currency contracts \| Cost of sales / Other income
Derivative [Line Items]
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income - cash flow hedging	0	0	0	0
Net Investment Hedging \| Foreign denominated debt
Derivative [Line Items]
Amount of gain or (loss) recognized in other comprehensive income on derivatives - net investment hedging	(7,201)	16,055	(20,854)	40,757
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income - net investment hedging	$ 0	$ 0	$ 0	$ 0

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS - Location of Hedged Liabilities (Details) - Current maturities of long-term debt - USD ($) $ in Thousands	Apr. 01, 2023	Jul. 02, 2022
Derivative [Line Items]
Carrying Amount of Hedged Assets (Liabilities)	$ (569,098)	$ (568,601)
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets (Liabilities)	$ 3,443	$ 2,820

DEBT - Narrative (Details)

DEBT - Narrative (Details) - USD ($)		9 Months Ended
DEBT - Narrative (Details) - USD ($)	Sep. 02, 2022	Apr. 01, 2023	Jul. 02, 2022
Debt [Line Items]
Maximum board-authorized aggregate commercial paper limit	$ 2,000,000,000	$ 3,000,000,000
Total carrying value of debt		10,700,000,000	$ 10,500,000,000
Carrying Value
Debt [Line Items]
Total carrying value of debt		11,000,000,000	$ 10,600,000,000
Line of Credit \| Revolving Credit Facility
Debt [Line Items]
Aggregate commitments		3,000,000,000
Increase in commitment fee amount		4,000,000,000
Borrowings outstanding under revolving credit facility		108,500,000
Commercial Paper
Debt [Line Items]
Debt issuances outstanding		$ 0

COMPANY-SPONSORED EMPLOYEE BE_3

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Narrative (Details) participant in Thousands, $ in Thousands		3 Months Ended				9 Months Ended
	Oct. 25, 2022 USD ($) participant	Apr. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)	Oct. 01, 2022	Apr. 02, 2022 USD ($)	Apr. 01, 2023 USD ($)	Apr. 02, 2022 USD ($)	Oct. 31, 2022	Jul. 02, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension settlement charge						$ 315,354	$ 0
United States \| Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Settlements	$ 695,000					694,998
Number of participants \| participant	10
Pension settlement charge		$ 0	$ 315,400		$ 0	$ 315,354	$ 0
Discount rate								6.07%	4.91%
Expected rate of return				4.50%		6%

COMPANY-SPONSORED EMPLOYEE BE_4

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - FUNDED STATUS (Details) - Pension Benefits - United States - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Oct. 25, 2022	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Change in benefit obligation:
Benefit obligation at beginning of year				$ 3,538,232
Service cost		$ 1,890	$ 3,382	6,247	$ 10,146
Interest cost		35,904	$ 34,792	116,508	$ 104,376
Actuarial gain, net				(440,311)
Benefit payments				(96,768)
Settlements	$ (695,000)			(694,998)
Benefit obligation at end of year		2,428,910		2,428,910
Change in plan assets:
Fair value of plan assets at beginning of year				3,633,167
Actual return on plan assets				(420,775)
Benefit payments				(96,768)
Settlements	$ (695,000)			(694,998)
Fair value of plan assets at end of year		2,420,626		2,420,626
Funded status at end of year		$ (8,284)		$ (8,284)

COMPANY-SPONSORED EMPLOYEE BE_5

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - COMPONENTS OF NET BENEFIT COSTS AND OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Apr. 01, 2023	Dec. 31, 2022	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Net benefit costs
Settlement loss recognized				$ 315,354	$ 0
Pension Benefits \| United States
Net benefit costs
Service cost	$ 1,890		$ 3,382	6,247	10,146
Interest cost	35,904		34,792	116,508	104,376
Expected return on plan assets	(35,425)		(51,580)	(112,402)	(154,740)
Amortization of prior service cost	98		99	295	297
Amortization of actuarial loss	7,018		7,304	23,627	21,912
Settlement loss recognized	0	$ 315,400	0	315,354	0
Net pension (benefits) costs	$ 9,485		$ (6,003)	$ 349,629	$ (18,009)

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Numerator:
Net earnings	$ 429,604	$ 303,325	$ 1,036,388	$ 848,779
Denominator:
Weighted-average basic shares outstanding (in shares)	507,716,975	508,368,159	507,635,083	510,642,876
Dilutive effect of share-based awards (in shares)	2,125,425	3,870,364	2,488,699	3,555,904
Weighted-average diluted shares outstanding (in shares)	509,842,400	512,238,523	510,123,782	514,198,780
Basic earnings per share (in dollars per share)	$ 0.85	$ 0.60	$ 2.04	$ 1.66
Diluted earnings per share (in dollars per share)	$ 0.84	$ 0.59	$ 2.03	$ 1.65

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)	2,264	1,105	1,835	1,731

OTHER COMPREHENSIVE INCOME - Na

OTHER COMPREHENSIVE INCOME - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive income	$ 473,507	$ 240,579	$ 1,237,557	$ 698,539

OTHER COMPREHENSIVE INCOME - Co

OTHER COMPREHENSIVE INCOME - Components of Other Comprehensive (Loss) Income and Related Tax Effects (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Before Tax Amount
Total other comprehensive income (loss)	$ 39,566	$ (51,585)	$ 246,279	$ (129,822)
Tax
Total other comprehensive income (loss)	(4,337)	11,161	45,110	20,418
Net of Tax Amount
Amortization of prior service cost				30,568
Total other comprehensive income (loss)	43,903	(62,746)	201,169	(150,240)
Pension and other postretirement benefit plans: \| Other expense, net
Before Tax Amount
Reclassification adjustments, before tax	7,571	8,767	24,455	24,852
Tax
Amortization of prior service cost	1,892	2,179	6,109	6,261
Net of Tax Amount
Amortization of prior service cost	5,679	6,588	18,346	18,591
Net actuarial loss, arising in the current year
Net of Tax Amount
Amortization of prior service cost			(67,388)
Net actuarial loss, arising in the current year \| Other expense, net
Before Tax Amount
Reclassification adjustments, before tax			(89,851)
Tax
Amortization of prior service cost			(22,463)
Net of Tax Amount
Amortization of prior service cost			(67,388)
Settlements
Net of Tax Amount
Amortization of prior service cost			236,591
Settlements \| Other expense, net
Before Tax Amount
Reclassification adjustments, before tax			315,455
Tax
Amortization of prior service cost			78,864
Net of Tax Amount
Amortization of prior service cost			236,591
Total other comprehensive income before reclassification adjustments \| Other expense, net
Before Tax Amount
Reclassification adjustments, before tax			225,604
Tax
Amortization of prior service cost			56,401
Net of Tax Amount
Amortization of prior service cost			169,203
Amortization of prior service cost
Net of Tax Amount
Amortization of prior service cost			222	222
Amortization of prior service cost \| Other expense, net
Before Tax Amount
Reclassification adjustments, before tax	99	99	297	297
Tax
Amortization of prior service cost	25	25	75	75
Net of Tax Amount
Amortization of prior service cost	74	74	222	222
Amortization of actuarial loss, net
Net of Tax Amount
Amortization of prior service cost			18,124	18,369
Amortization of actuarial loss, net \| Other expense, net
Before Tax Amount
Reclassification adjustments, before tax	7,472	8,668	24,158	24,555
Tax
Amortization of prior service cost	1,867	2,154	6,034	6,186
Net of Tax Amount
Amortization of prior service cost	5,605	6,514	18,124	18,369
Foreign currency translation adjustment
Before Tax Amount
Other comprehensive income before reclassifications, before tax	62,771	(96,582)	72,403	(210,646)
Tax
Before reclassifications tax	0	0	0	0
Net of Tax Amount
Before reclassifications, net of tax	62,771	(96,582)	72,403	(210,646)
Change in marketable securities
Before Tax Amount
Other comprehensive income before reclassifications, before tax	1,441	(6,738)	(1,260)	(8,939)
Tax
Before reclassifications tax	302	(1,415)	(265)	(1,876)
Net of Tax Amount
Before reclassifications, net of tax	1,139	(5,323)	(995)	(7,063)
Hedging, net of tax
Before Tax Amount
Other comprehensive income before reclassifications, before tax	(35,110)	40,094	(83,583)	56,289
Tax
Before reclassifications tax	(7,254)	9,678	(19,300)	13,876
Net of Tax Amount
Before reclassifications, net of tax	(27,856)	30,416	(64,283)	42,413
Amortization of cash flow hedges
Net of Tax Amount
Amortization of prior service cost			6,495	6,465
Before reclassifications, net of tax			(48,642)	11,845
Amortization of cash flow hedges \| Operating expenses
Before Tax Amount
Other comprehensive income before reclassifications, before tax	(27,909)	24,039	(62,729)	15,532
Tax
Before reclassifications tax	(5,454)	5,664	(14,087)	3,687
Net of Tax Amount
Before reclassifications, net of tax	(22,455)	18,375	(48,642)	11,845
Amortization of cash flow hedges \| Interest expense
Before Tax Amount
Reclassification adjustments, before tax	2,893	2,874	8,660	8,622
Tax
Amortization of prior service cost	723	719	2,165	2,157
Net of Tax Amount
Amortization of prior service cost	2,170	2,155	6,495	6,465
Amounts reclassified from accumulated other comprehensive loss
Before Tax Amount
Other comprehensive income before reclassifications, before tax	(7,201)	16,055	(20,854)	40,757
Tax
Before reclassifications tax	(1,800)	4,014	(5,213)	10,189
Net of Tax Amount
Before reclassifications, net of tax	$ (5,401)	$ 12,041	$ (15,641)	$ 30,568

OTHER COMPREHENSIVE INCOME - Ro

OTHER COMPREHENSIVE INCOME - Roll forward of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,436,589	$ 1,221,072	$ 1,382,260	$ 1,552,896
Reclassification adjustment, net of tax				30,568
Ending balance	1,575,302	1,321,409	1,575,302	1,321,409
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,324,788)	(1,236,258)	(1,482,054)	(1,148,764)
Ending balance	(1,280,885)	(1,299,004)	(1,280,885)	(1,299,004)
Pension and Other Postretirement Benefit Plans, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(1,011,335)	(1,061,991)
Ending balance	(823,786)	(1,043,400)	(823,786)	(1,043,400)
Net actuarial loss, arising in the current year
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification adjustment, net of tax			(67,388)
Pension and Other Postretirement Benefit Plans, Settlement
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification adjustment, net of tax			236,591
Settlements
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification adjustment, net of tax			236,591
Amortization of prior service cost
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification adjustment, net of tax			222	222
Amortization of unrecognized net actuarial losses
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification adjustment, net of tax			18,124	18,369
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(501,517)	(40,092)
OCI before reclassifications, net of tax	62,771	(96,582)	72,403	(210,646)
Ending balance	(429,114)	(250,738)	(429,114)	(250,738)
Hedging, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			35,770	(51,096)
OCI before reclassifications, net of tax	(27,856)	30,416	(64,283)	42,413
Ending balance	(22,018)	(2,218)	(22,018)	(2,218)
Amortization of cash flow hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
OCI before reclassifications, net of tax			(48,642)	11,845
Reclassification adjustment, net of tax			6,495	6,465
Amounts reclassified from accumulated other comprehensive loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
OCI before reclassifications, net of tax	(5,401)	12,041	(15,641)	30,568
Change in net investment hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Reclassification adjustment, net of tax				30,568
Change in marketable securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(4,972)	4,415
OCI before reclassifications, net of tax	1,139	(5,323)	(995)	(7,063)
Ending balance	$ (5,967)	$ (2,648)	$ (5,967)	$ (2,648)

SHARE-BASED COMPENSATION - Narr

SHARE-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	916,673
Options granted, weighted average grant date fair value (in dollars per share)	$ 24.58
Share-based compensation expense	$ 73,765	$ 90,667
Total unrecognized compensation cost related to share-based compensation arrangements	$ 149,400
Weighted average period of time for unrecognized compensation cost to be recognized (in years)	2 years 18 days
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted (in shares)	441,153
Equity instruments other than options granted, weighted average grant date fair value per share (in dollars per share)	$ 85.31
Performance period	3 years
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted (in shares)	889,635
Equity instruments other than options granted, weighted average grant date fair value per share (in dollars per share)	$ 75.70
Employees' Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted (in shares)	792,411
Equity instruments other than options granted, weighted average grant date fair value per share (in dollars per share)	$ 11.15

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	Apr. 01, 2023	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	22.46%	21.31%	21.92%	23.18%
Unrecognized tax benefits	$ 32.4		$ 32.4
Liability recorded for interest and penalties related to unrecognized tax benefits	7.4		$ 7.4
Income tax benefit	$ 131

BUSINESS SEGMENT INFORMATION (D

BUSINESS SEGMENT INFORMATION (Details) $ in Thousands		3 Months Ended		9 Months Ended
BUSINESS SEGMENT INFORMATION (Details) $ in Thousands		Apr. 01, 2023 USD ($)	Apr. 02, 2022 USD ($)	Apr. 01, 2023 USD ($) segment	Apr. 02, 2022 USD ($)
Segment Reporting [Abstract]
Number of reporting segments \| segment				3
Segment Reporting Information [Line Items]
Sales		$ 18,875,676	$ 16,902,139	$ 56,596,459	$ 49,678,888
Operating income (loss):		694,177	495,729	2,069,152	1,572,320
Interest expense		134,931	124,018	391,123	495,131
Other expense (income), net	[1]	5,209	(13,777)	350,614	(27,705)
Earnings before income taxes		554,037	385,488	1,327,415	1,104,894
US Foodservice Operations
Segment Reporting Information [Line Items]
Sales		13,257,519	12,006,163	39,937,055	35,107,281
International Foodservice Operations
Segment Reporting Information [Line Items]
Sales		3,344,121	2,834,089	9,910,267	8,535,608
SYGMA
Segment Reporting Information [Line Items]
Sales		1,972,058	1,794,837	5,839,051	5,270,193
Other
Segment Reporting Information [Line Items]
Sales		301,978	267,050	910,086	765,806
Operating Segments
Segment Reporting Information [Line Items]
Sales		18,875,676	16,902,139	56,596,459	49,678,888
Operating income (loss):		941,393	754,617	2,804,470	2,273,846
Operating Segments \| US Foodservice Operations
Segment Reporting Information [Line Items]
Sales		13,257,519	12,006,163	39,937,055	35,107,281
Operating income (loss):		855,766	746,467	2,540,555	2,220,812
Operating Segments \| International Foodservice Operations
Segment Reporting Information [Line Items]
Sales		3,344,121	2,834,089	9,910,267	8,535,608
Operating income (loss):		48,352	7,760	192,945	55,181
Operating Segments \| SYGMA
Segment Reporting Information [Line Items]
Sales		1,972,058	1,794,837	5,839,051	5,270,193
Operating income (loss):		25,439	4,362	37,715	(4,814)
Operating Segments \| Other
Segment Reporting Information [Line Items]
Sales		301,978	267,050	910,086	765,806
Operating income (loss):		11,836	(3,972)	33,255	2,667
Global Support Center
Segment Reporting Information [Line Items]
Operating income (loss):		$ (247,216)	$ (258,888)	$ (735,318)	$ (701,526)

[1]Sysco’s second quarter of fiscal 2023 included a charge for $315.4 million in other expense related to pension settlement charges. See Note 9, “Company-Sponsored Employee Benefit Plans.”