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Business Segment Information | 6 Months Ended
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Dec. 30, 2017
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, custom-cut meat and seafood companies, FreshPoint (our specialty produce companies) and European Imports (a specialty import company);
• | International Foodservice Operations - primarily includes broadline operations in Canada, Europe, Bahamas, Mexico, Costa Rica and Panama, as well as a company that distributes to international customers;
• | SYGMA - our 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 Broadline operations distribute a full line of food products and a wide variety of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served. SYGMA distributes a full line of food products and a wide variety of non-food products to certain chain restaurant customer locations. The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated financial statements. Management evaluates the performance of each of our operating segments based on its respective operating income results. 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.
| 13-Week Period Ended |  | 26-Week Period Ended
| Dec. 30, 2017 |  | Dec. 31, 2016 |  | Dec. 30, 2017 |  | Dec. 31, 2016
Sales: | (In thousands) |  | (In thousands)
U.S. Foodservice Operations | $ | 9,681,225 |  |  | $ | 9,085,565 |  |  | $ | 19,530,167 |  |  | $ | 18,566,681 |
International Foodservice Operations | 2,869,043 |  |  | 2,625,949 |  |  | 5,772,298 |  |  | 5,354,310 |
SYGMA | 1,633,145 |  |  | 1,520,182 |  |  | 3,273,816 |  |  | 3,024,874 |
Other | 228,077 |  |  | 225,572 |  |  | 485,633 |  |  | 480,057 |
Total | $ | 14,411,490 |  |  | $ | 13,457,268 |  |  | $ | 29,061,914 |  |  | $ | 27,425,922 |
| 13-Week Period Ended |  | 26-Week Period Ended
| Dec. 30, 2017 |  | Dec. 31, 2016 |  | Dec. 30, 2017 |  | Dec. 31, 2016
Operating income: | (In thousands) |  | (In thousands)
U.S. Foodservice Operations | $ | 706,375 |  |  | $ | 681,321 |  |  | $ | 1,487,244 |  |  | $ | 1,426,552 |
International Foodservice Operations | 52,438 |  |  | 84,814 |  |  | 129,084 |  |  | 164,249 |
SYGMA | 3,353 |  |  | 3,155 |  |  | 8,198 |  |  | 8,062 |
Other | 3,222 |  |  | 3,793 |  |  | 7,238 |  |  | 11,794 |
Total segments | 765,388 |  |  | 773,083 |  |  | 1,631,764 |  |  | 1,610,657 |
Corporate | (233,106 | ) |  | (280,666 | ) |  | (476,390 | ) |  | (551,407 | )
Total operating income | 532,282 |  |  | 492,417 |  |  | 1,155,374 |  |  | 1,059,250 |
Interest expense | 85,986 |  |  | 72,231 |  |  | 166,870 |  |  | 145,854 |
Other expense (income), net | (5,432 | ) |  | (2,320 | ) |  | (9,680 | ) |  | (9,536 | )
Earnings before income taxes | $ | 451,728 |  |  | $ | 422,506 |  |  | $ | 998,184 |  |  | $ | 922,932 |
| Dec. 30, 2017 |  | Jul. 1, 2017 |  | Dec. 31, 2016
Assets: | (In thousands)
U.S. Foodservice Operations | $ | 6,811,901 |  |  | $ | 6,675,543 |  |  | $ | 6,791,846 |
International Foodservice Operations | 6,662,574 |  |  | 6,433,815 |  |  | 6,143,372 |
SYGMA | 641,786 |  |  | 625,653 |  |  | 603,167 |
Other | 756,165 |  |  | 448,885 |  |  | 438,196 |
Total segments | 14,872,426 |  |  | 14,183,896 |  |  | 13,976,581 |
Corporate | 3,346,944 |  |  | 3,572,759 |  |  | 3,653,485 |
Total | $ | 18,219,370 |  |  | $ | 17,756,655 |  |  | $ | 17,630,066 |

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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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