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Business Segments
3 Months Ended
Dec. 29, 2023
Segment Reporting [Abstract]  
Business Segments BUSINESS SEGMENTS:
The Company reports its operating results in two reportable segments: FSS United States and FSS International. Corporate includes general expenses not specifically allocated to an individual segment and share-based compensation expense (see Note 9). Approximately 74% of the global revenue is related to food services and 26% is related to facilities services. During the three months ended December 30, 2022, the Company received proceeds of $19.8 million 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
RevenueDecember 29, 2023December 30, 2022
FSS United States$3,212.8 $2,921.0 
FSS International1,195.0 992.7 
Total Revenue$4,407.8 $3,913.7 
Three Months Ended
Operating IncomeDecember 29, 2023December 30, 2022
FSS United States$174.8 $158.6 
FSS International46.3 26.8 
Total Segment Operating Income221.1 185.4 
Corporate(54.1)(33.7)
Total Operating Income$167.0 $151.7 
Three Months Ended
Reconciliation to Income from Continuing Operations Before Income TaxesDecember 29, 2023December 30, 2022
Total Operating Income$167.0 $151.7 
Interest Expense, net114.6 101.0 
Income from Continuing Operations Before Income Taxes$52.4 $50.7