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Business Segments
6 Months Ended
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
RevenueMarch 31, 2023April 1, 2022
FSS United States$2,843.2 $2,338.3 
FSS International1,073.0 870.9 
Uniform685.9 651.3 
$4,602.1 $3,860.5 
Three Months Ended
Operating IncomeMarch 31, 2023April 1, 2022
FSS United States$156.0 $82.1 
FSS International6.8 37.1 
Uniform55.9 56.0 
Total Segment Operating Income218.7 175.2 
Corporate(36.7)(33.2)
Total Operating Income$182.0 $142.0 
Three Months Ended
Reconciliation to Income Before Income TaxesMarch 31, 2023April 1, 2022
Total Operating Income$182.0 $142.0 
Interest and Other Financing Costs, net114.0 89.7 
Income Before Income Taxes$68.0 $52.3 
Six Months Ended
RevenueMarch 31, 2023April 1, 2022
FSS United States$5,764.2 $4,763.7 
FSS International2,065.7 1,744.1 
Uniform1,373.2 1,301.0 
$9,203.1 $7,808.8 
Six Months Ended
Operating IncomeMarch 31, 2023April 1, 2022
FSS United States$319.2 $181.1 
FSS International33.6 59.8 
Uniform102.4 114.9 
Total Segment Operating Income455.2 355.8 
Corporate(73.6)(73.6)
Total Operating Income$381.6 $282.2 
Six Months Ended
Reconciliation to Income Before Income TaxesMarch 31, 2023April 1, 2022
Total Operating Income$381.6 $282.2 
Interest and Other Financing Costs, net215.3 182.7 
Income Before Income Taxes$166.3 $99.5