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v3.23.1

Business Segments | 6 Months Ended
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Mar. 31, 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 9). In the Company's food and support services segments, approximately 73% of the global revenue is related to food services and 27% is related to facilities services. During the six months ended March 31, 2023 and April 1, 2022, the Company received proceeds of approximately $19.8 million and $9.0 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. The Company recorded a gain related to the recovery of its investment, which is included in "Cost of services provided (exclusive of depreciation and amortization)" on the Condensed Consolidated Statements of Income. Financial information by segment follows (in millions):
| Three Months Ended
Revenue | March 31, 2023 |  | April 1, 2022
FSS United States | $ | 2,843.2 |  |  | $ | 2,338.3 |
FSS International | 1,073.0 |  |  | 870.9 |
Uniform | 685.9 |  |  | 651.3 |
| $ | 4,602.1 |  |  | $ | 3,860.5 |
| Three Months Ended
Operating Income | March 31, 2023 |  | April 1, 2022
FSS United States | $ | 156.0 |  |  | $ | 82.1 |
FSS International | 6.8 |  |  | 37.1 |
Uniform | 55.9 |  |  | 56.0 |
Total Segment Operating Income | 218.7 |  |  | 175.2 |
Corporate | (36.7) |  |  | (33.2) |
Total Operating Income | $ | 182.0 |  |  | $ | 142.0 |
| Three Months Ended
Reconciliation to Income Before Income Taxes | March 31, 2023 |  | April 1, 2022
Total Operating Income | $ | 182.0 |  |  | $ | 142.0 |
Interest and Other Financing Costs, net | 114.0 |  |  | 89.7 |
Income Before Income Taxes | $ | 68.0 |  |  | $ | 52.3 |
| Six Months Ended
Revenue | March 31, 2023 |  | April 1, 2022
FSS United States | $ | 5,764.2 |  |  | $ | 4,763.7 |
FSS International | 2,065.7 |  |  | 1,744.1 |
Uniform | 1,373.2 |  |  | 1,301.0 |
| $ | 9,203.1 |  |  | $ | 7,808.8 |
| Six Months Ended
Operating Income | March 31, 2023 |  | April 1, 2022
FSS United States | $ | 319.2 |  |  | $ | 181.1 |
FSS International | 33.6 |  |  | 59.8 |
Uniform | 102.4 |  |  | 114.9 |
Total Segment Operating Income | 455.2 |  |  | 355.8 |
Corporate | (73.6) |  |  | (73.6) |
Total Operating Income | $ | 381.6 |  |  | $ | 282.2 |
| Six Months Ended
Reconciliation to Income Before Income Taxes | March 31, 2023 |  | April 1, 2022
Total Operating Income | $ | 381.6 |  |  | $ | 282.2 |
Interest and Other Financing Costs, net | 215.3 |  |  | 182.7 |
Income Before Income Taxes | $ | 166.3 |  |  | $ | 99.5 |

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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/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
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