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BUSINESS SEGMENT INFORMATION | 12 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
BUSINESS SEGMENT INFORMATION | BUSINESS SEGMENT INFORMATION The company has aggregated certain of its operating segments into three reportable segments. “Other” financial information is attributable to the company’s other operating segments that do not meet the quantitative disclosure thresholds.
• | U.S. Foodservice Operations - primarily includes U.S. Broadline operations, which distribute a full line of food products, including custom-cut meat, seafood, specialty produce, specialty imports and a wide variety of non-food products;
• | International Foodservice Operations - includes operations in the Americas and Europe, 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 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 subsidiary; and
• | Other - primarily our hotel supply operations and Sysco Labs, which includes our suite of technology solutions that help support the business needs of our customers and provide support for some of our business technology needs.
The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated financial statements. Corporate expenses generally include all expenses of the corporate office and Sysco’s shared services center. These also include all share-based compensation costs. The following tables set forth certain financial information for Sysco’s business segments.
| Fiscal Year
| 2018 |  | 2017 |  | 2016
Sales: | (In thousands)
U.S. Foodservice Operations | $ | 39,642,263 |  |  | $ | 37,604,698 |  |  | $ | 37,776,443 |
International Foodservice Operations | 11,518,565 |  |  | 10,613,059 |  |  | 5,436,209 |
SYGMA | 6,557,033 |  |  | 6,178,909 |  |  | 6,102,328 |
Other | 1,009,463 |  |  | 974,473 |  |  | 1,051,939 |
Total | $ | 58,727,324 |  |  | $ | 55,371,139 |  |  | $ | 50,366,919 |
| Fiscal Year
| 2018 |  | 2017 |  | 2016
Operating income: | (In thousands)
U.S. Foodservice Operations | $ | 3,051,991 |  |  | $ | 2,891,612 |  |  | $ | 2,771,932 |
International Foodservice Operations | 193,240 |  |  | 243,116 |  |  | 177,159 |
SYGMA | 24,318 |  |  | 23,299 |  |  | 27,469 |
Other | 39,485 |  |  | 30,218 |  |  | 32,586 |
Total segments | 3,309,034 |  |  | 3,188,245 |  |  | 3,009,146 |
Corporate | (980,060 | ) |  | (1,135,074 | ) |  | (1,158,646 | )
Total operating income | 2,328,974 |  |  | 2,053,171 |  |  | 1,850,500 |
Interest expense | 395,483 |  |  | 302,878 |  |  | 306,146 |
Other expense (income), net | (22,733 | ) |  | (15,937 | ) |  | 111,347 |
Earnings before income taxes | $ | 1,956,224 |  |  | $ | 1,766,230 |  |  | $ | 1,433,007 |
| Fiscal Year
| 2018 |  | 2017 |  | 2016
Depreciation and amortization: | (In thousands)
U.S. Foodservice Operations | $ | 348,041 |  |  | $ | 266,024 |  |  | $ | 252,392 |
International Foodservice Operations | 258,156 |  |  | 243,628 |  |  | 70,184 |
SYGMA | 36,367 |  |  | 34,890 |  |  | 31,792 |
Other | 9,599 |  |  | 10,678 |  |  | 12,450 |
Total segments | 652,163 |  |  | 555,220 |  |  | 366,818 |
Corporate | 113,335 |  |  | 346,772 |  |  | 295,892 |
Total | $ | 765,498 |  |  | $ | 901,992 |  |  | $ | 662,710 |
| Fiscal Year
| 2018 |  | 2017 |  | 2016
Capital Expenditures: | (In thousands)
U.S. Foodservice Operations | $ | 262,887 |  |  | $ | 194,714 |  |  | $ | 153,528 |
International Foodservice Operations | 157,139 |  |  | 228,564 |  |  | 56,689 |
SYGMA | 45,132 |  |  | 50,722 |  |  | 31,811 |
Other | 11,406 |  |  | 13,237 |  |  | 20,702 |
Total segments | 476,564 |  |  | 487,237 |  |  | 262,730 |
Corporate | 211,251 |  |  | 199,141 |  |  | 264,616 |
Total | $ | 687,815 |  |  | $ | 686,378 |  |  | $ | 527,346 |
| Fiscal Year
| 2018 |  | 2017 |  | 2016
Assets: | (In thousands)
U.S. Foodservice Operations | $ | 7,039,354 |  |  | $ | 6,675,543 |  |  | $ | 6,753,056 |
International Foodservice Operations | 6,112,666 |  |  | 6,433,815 |  |  | 2,019,406 |
SYGMA | 662,290 |  |  | 625,653 |  |  | 539,639 |
Other | 452,426 |  |  | 448,885 |  |  | 459,785 |
Total segments | 14,266,736 |  |  | 14,183,896 |  |  | 9,771,886 |
Corporate | 3,803,668 |  |  | 3,572,759 |  |  | 6,949,918 |
Total | $ | 18,070,404 |  |  | $ | 17,756,655 |  |  | $ | 16,721,804 |
The sales mix for the principal product categories for each fiscal year is as follows:
| Fiscal Year
| 2018 |  | 2017 |  | 2016
| (In thousands)
Fresh and frozen meats | $ | 11,312,969 |  |  | $ | 10,605,678 |  |  | $ | 10,273,247 |
Canned and dry products | 9,768,206 |  |  | 8,695,829 |  |  | 8,402,230 |
Frozen fruits, vegetables, bakery and other | 9,025,762 |  |  | 8,444,260 |  |  | 6,719,648 |
Dairy products | 6,037,409 |  |  | 5,610,101 |  |  | 5,276,991 |
Poultry | 5,979,399 |  |  | 5,873,944 |  |  | 5,392,933 |
Fresh produce | 4,929,366 |  |  | 4,701,440 |  |  | 4,156,978 |
Paper and disposables | 3,837,943 |  |  | 3,596,470 |  |  | 3,557,514 |
Seafood | 3,280,308 |  |  | 3,089,350 |  |  | 2,541,239 |
Beverage products | 1,965,251 |  |  | 2,059,453 |  |  | 1,849,780 |
Janitorial products | 1,395,100 |  |  | 1,331,019 |  |  | 1,251,821 |
Equipment and smallwares | 795,406 |  |  | 794,087 |  |  | 593,595 |
Medical supplies | 400,205 |  |  | 569,508 |  |  | 350,943 |
Total | $ | 58,727,324 |  |  | $ | 55,371,139 |  |  | $ | 50,366,919 |
Information concerning geographic areas is as follows:
| Fiscal Year
| 2018 |  | 2017 |  | 2016
| (In thousands)
Sales: |  |  |  |  |
United States | $ | 46,812,297 |  |  | $ | 44,395,765 |  |  | $ | 44,922,937 |
Canada | 4,661,615 |  |  | 4,346,894 |  |  | 4,486,282 |
United Kingdom | 3,176,069 |  |  | 2,974,133 |  |  | — |
France | 1,625,407 |  |  | 1,426,973 |  |  | — |
Other | 2,451,936 |  |  | 2,227,374 |  |  | 957,700 |
Total | $ | 58,727,324 |  |  | $ | 55,371,139 |  |  | $ | 50,366,919 |
Long-lived assets: |  |  |  |  |  |  |  |
United States | $ | 3,448,164 |  |  | $ | 3,252,980 |  |  | $ | 3,461,505 |
United Kingdom | 319,664 |  |  | 303,178 |  |  | — |
Canada | 318,410 |  |  | 329,090 |  |  | 309,027 |
France | 240,507 |  |  | 284,611 |  |  | — |
Other | 194,915 |  |  | 207,443 |  |  | 109,910 |
Total | $ | 4,521,660 |  |  | $ | 4,377,302 |  |  | $ | 3,880,442 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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