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Business Segments
12 Months Ended
Sep. 27, 2024
Segment Reporting [Abstract]  
Business Segments BUSINESS SEGMENTS:
The Company reports its operating results in two reportable segments: FSS United States and FSS International. The Company defines its segments as those operations whose results the chief operating decision maker, identified as the Chief Executive Officer, regularly reviews to analyze performance and allocate resources. Approximately 84% of the global revenue is related to food services and 16% is related to facilities services. Financial information by segment is as follows (in millions):
Fiscal Year Ended
RevenueSeptember 27, 2024September 29, 2023September 30, 2022
FSS United States$12,576.7 $11,721.4 $10,030.8 
FSS International4,824.0 4,361.8 3,656.4 
$17,400.7 $16,083.2 $13,687.2 

Fiscal Year Ended
Operating IncomeSeptember 27, 2024September 29, 2023September 30, 2022
FSS United States$659.9 $650.0 $435.1 
FSS International187.3 114.5 112.5 
Total Segment Operating Income847.2 764.5 547.6 
Corporate(1)
(140.7)(139.5)(132.2)
Total Operating Income$706.5 $625.0 $415.4 
(1) Corporate includes general expenses not specifically allocated to an individual segment and share-based compensation expense (see Note 13).
Fiscal Year Ended
Reconciliation to Income from Continuing Operations Before Income TaxesSeptember 27, 2024September 29, 2023September 30, 2022
Total Operating Income$706.5 $625.0 $415.4 
Gain on Equity Investments, net(25.1)(376.0)— 
Interest Expense, net366.7 437.5 368.2 
Income from Continuing Operations Before Income Taxes$364.9 $563.5 $47.2 
Fiscal Year Ended
Depreciation and AmortizationSeptember 27, 2024September 29, 2023September 30, 2022
FSS United States$360.9 $342.4 $330.9 
FSS International74.6 67.3 66.8 
Corporate— 0.2 0.3 
$435.5 $409.9 $398.0 
Fiscal Year Ended
Capital Expenditures and Other*September 27, 2024September 29, 2023September 30, 2022
FSS United States$359.4 $299.3 $283.3 
FSS International95.2 85.3 76.0 
Corporate— 0.4 — 
$454.6 $385.0 $359.3 
* Includes amounts acquired in business combinations
Identifiable AssetsSeptember 27, 2024September 29, 2023
FSS United States$9,903.2 $9,652.5 
FSS International2,586.4 2,250.8 
Corporate(1)
184.8 1,843.1 
Discontinued Operations— 3,124.8 
$12,674.4 $16,871.2 
(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 elevated level of identifiable assets within Corporate in fiscal 2023.
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
RevenueSeptember 27, 2024September 29, 2023September 30, 2022
United States$12,441.7 $11,536.9 $9,884.3 
Foreign4,959.0 4,546.3 3,802.9 
$17,400.7 $16,083.2 $13,687.2 
Property and Equipment, netSeptember 27, 2024September 29, 2023
United States$1,312.6 $1,209.0 
Foreign260.6 217.0 
$1,573.2 $1,426.0