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Business Segments | 9 Months Ended
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Jun. 28, 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 nine months ended June 30, 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 |  | Nine Months Ended
Revenue | June 28, 2024 |  | June 30, 2023 |  | June 28, 2024 |  | June 30, 2023
FSS United States | $ | 3,144.5 |  |  | $ | 2,890.6 |  |  | $ | 9,400.7 |  |  | $ | 8,654.8 |
FSS International | 1,231.6 |  |  | 1,162.4 |  |  | 3,583.1 |  |  | 3,228.1 |
Total Revenue | $ | 4,376.1 |  |  | $ | 4,053.0 |  |  | $ | 12,983.8 |  |  | $ | 11,882.9 |
| Three Months Ended |  | Nine Months Ended
Operating Income | June 28, 2024 |  | June 30, 2023 |  | June 28, 2024 |  | June 30, 2023
FSS United States | $ | 140.1 |  |  | $ | 123.5 |  |  | $ | 459.2 |  |  | $ | 433.2 |
FSS International | 52.3 |  |  | 39.6 |  |  | 141.1 |  |  | 73.3 |
Total Segment Operating Income | 192.4 |  |  | 163.1 |  |  | 600.3 |  |  | 506.5 |
Corporate | (30.7) |  |  | (30.5) |  |  | (112.6) |  |  | (96.9) |
Total Operating Income | $ | 161.7 |  |  | $ | 132.6 |  |  | $ | 487.7 |  |  | $ | 409.6 |
| Three Months Ended |  | Nine Months Ended
Reconciliation to Income from Continuing Operations Before Income Taxes | June 28, 2024 |  | June 30, 2023 |  | June 28, 2024 |  | June 30, 2023
Total Operating Income | $ | 161.7 |  |  | $ | 132.6 |  |  | $ | 487.7 |  |  | $ | 409.6 |
Gain on Sale of Equity Investments, net | — |  |  | (376.0) |  |  | — |  |  | (376.0) |
Interest Expense, net | 81.5 |  |  | 112.4 |  |  | 282.4 |  |  | 326.9 |
Income from Continuing Operations Before Income Taxes | $ | 80.2 |  |  | $ | 396.2 |  |  | $ | 205.3 |  |  | $ | 458.7 |

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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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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