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Business Segments
6 Months Ended
Mar. 29, 2024
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 10). Approximately 74% of the global revenue is related to food services and 26% is related to facilities services. During the six months ended March 31, 2023, 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
RevenueMarch 29, 2024March 31, 2023
FSS United States$3,043.4 $2,843.2 
FSS International1,156.5 1,073.0 
Total Revenue$4,199.9 $3,916.2 
Three Months Ended
Operating IncomeMarch 29, 2024March 31, 2023
FSS United States$144.3 $151.1 
FSS International42.5 6.9 
Total Segment Operating Income186.8 158.0 
Corporate(27.8)(32.7)
Total Operating Income$159.0 $125.3 
Three Months Ended
Reconciliation to Income from Continuing Operations Before Income TaxesMarch 29, 2024March 31, 2023
Total Operating Income$159.0 $125.3 
Interest Expense, net86.3 113.5 
Income from Continuing Operations Before Income Taxes$72.7 $11.8 
Six Months Ended
RevenueMarch 29, 2024March 31, 2023
FSS United States$6,256.2 $5,764.2 
FSS International2,351.5 2,065.7 
Total Revenue$8,607.7 $7,829.9 
Six Months Ended
Operating IncomeMarch 29, 2024March 31, 2023
FSS United States$319.1 $309.7 
FSS International88.8 33.7 
Total Segment Operating Income407.9 343.4 
Corporate(81.9)(66.4)
Total Operating Income$326.0 $277.0