XML 49 R24.htm IDEA: XBRL DOCUMENT
v3.23.3

Business Segments | 12 Months Ended
--- | ---
Sep. 29, 2023
Segment Reporting [Abstract] |
Business Segments | BUSINESS SEGMENTS: The Company reports its operating results in three reportable segments: FSS United States, FSS International and Uniform. Corporate includes general expenses not specifically allocated to an individual segment and share-based compensation expense (see Note 12). In the Company's Food and Support Services segments, approximately 74% of the global revenue is related to food services and 26% is related to facilities services. COVID-19 had a negative impact on revenue, operating income, capital expenditures and other identifiable assets for all segments in fiscal 2021 (see Note 1). During fiscal years 2023, 2022 and 2021, the Company recorded a gain of $36.3 million, $19.0 million and $10.0 million, respectively, relating to the recovery of the Company’s investment (possessory interest) at one of the National Park Service sites within the FSS United States segment, which is included in “Cost of services provided (exclusive of depreciation and amortization)” on the Consolidated Statements of Income (Loss). During fiscal 2023, the Company sold its 50% ownership interest in AIM Services Co., Ltd. and ownership interests in other equity investments recognizing a $427.8 million net pre-tax gain on the Consolidated Statements of Income (Loss) (see Note 1). During fiscal 2021, the Company identified an observable price change related to its equity investment without a readily determinable fair value related to the San Antonio Spurs NBA franchise and recognized a $137.9 million non-cash gain on the Consolidated Statements of Income (Loss) (see Note 1). The Company terminated certain Canadian defined benefit pension plans and recognized a $60.9 million non-cash loss on the Consolidated Statements of Income (Loss) during fiscal 2021 (see Note 9). Financial information by segment is as follows (in millions):
| Fiscal Year Ended
Revenue | September 29, 2023 |  | September 30, 2022 |  | October 1, 2021
FSS United States | $ | 11,721.4 |  |  | $ | 10,030.8 |  |  | $ | 6,809.3 |
FSS International | 4,361.8 |  |  | 3,656.4 |  |  | 2,866.2 |
Uniform | 2,770.7 |  |  | 2,639.4 |  |  | 2,420.5 |
| $ | 18,853.9 |  |  | $ | 16,326.6 |  |  | $ | 12,096.0 |
| Fiscal Year Ended
Operating Income | September 29, 2023 |  | September 30, 2022 |  | October 1, 2021
FSS United States | $ | 669.5 |  |  | $ | 449.0 |  |  | $ | 131.8 |
FSS International | 114.5 |  |  | 112.5 |  |  | 58.2 |
Uniform | 227.3 |  |  | 218.1 |  |  | 120.8 |
Total Segment Operating Income | 1,011.3 |  |  | 779.6 |  |  | 310.8 |
Corporate | (148.4) |  |  | (151.2) |  |  | (119.4) |
Total Operating Income | $ | 862.9 |  |  | $ | 628.4 |  |  | $ | 191.4 |
| Fiscal Year Ended
Reconciliation to Income (Loss) Before Income Taxes | September 29, 2023 |  | September 30, 2022 |  | October 1, 2021
Total Operating Income | $ | 862.9 |  |  | $ | 628.4 |  |  | $ | 191.4 |
Gain on Equity Investments, net | (427.8) |  |  | — |  |  | (137.9) |
Loss on Defined Benefit Pension Plan Termination | — |  |  | — |  |  | 60.9 |
Interest and Other Financing Costs, net | 439.6 |  |  | 372.8 |  |  | 401.3 |
Income (Loss) Before Income Taxes | $ | 851.1 |  |  | $ | 255.6 |  |  | $ | (132.9) |
| Fiscal Year Ended
Depreciation and Amortization | September 29, 2023 |  | September 30, 2022 |  | October 1, 2021
FSS United States | $ | 342.4 |  |  | $ | 330.9 |  |  | $ | 347.4 |
FSS International | 67.3 |  |  | 66.8 |  |  | 69.4 |
Uniform | 136.5 |  |  | 134.3 |  |  | 133.3 |
Corporate | 0.2 |  |  | 0.3 |  |  | 0.6 |
| $ | 546.4 |  |  | $ | 532.3 |  |  | $ | 550.7 |
| Fiscal Year Ended
Capital Expenditures and Other* | September 29, 2023 |  | September 30, 2022 |  | October 1, 2021
FSS United States | $ | 299.3 |  |  | $ | 283.3 |  |  | $ | 261.8 |
FSS International | 85.3 |  |  | 76.0 |  |  | 59.3 |
Uniform | 77.9 |  |  | 76.7 |  |  | 90.3 |
Corporate | 0.4 |  |  | — |  |  | 0.2 |
| $ | 462.9 |  |  | $ | 436.0 |  |  | $ | 411.6 |
* Includes amounts acquired in business combinations
Identifiable Assets | September 29, 2023 |  | September 30, 2022
FSS United States | $ | 9,535.2 |  |  | $ | 9,639.7 |
FSS International | 2,250.8 |  |  | 1,989.1 |
Uniform | 3,242.1 |  |  | 3,227.4 |
Corporate(1) | 1,843.1 |  |  | 226.2 |
| $ | 16,871.2 |  |  | $ | 15,082.4 |
(1) | In anticipation of the separation and distribution of Vestis, the Uniform legal entity executed a cash dividend to Aramark Corporate of approximately $1.5 billion, resulting in an increase of identifiable assets within Corporate.
The following geographic data include revenue generated by subsidiaries within that geographic area and net property and equipment based on physical location (in millions):
| Fiscal Year Ended
Revenue | September 29, 2023 |  | September 30, 2022 |  | October 1, 2021
United States | $ | 14,050.3 |  |  | $ | 12,277.0 |  |  | $ | 8,947.8 |
Foreign | 4,803.6 |  |  | 4,049.6 |  |  | 3,148.2 |
| $ | 18,853.9 |  |  | $ | 16,326.6 |  |  | $ | 12,096.0 |
Property and Equipment, net | September 29, 2023 |  | September 30, 2022
United States | $ | 1,798.7 |  |  | $ | 1,777.7 |
Foreign | 291.8 |  |  | 254.3 |
| $ | 2,090.5 |  |  | $ | 2,032.0 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration