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Business Segments
9 Months Ended
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 EndedNine Months Ended
RevenueJune 28, 2024June 30, 2023June 28, 2024June 30, 2023
FSS United States$3,144.5 $2,890.6 $9,400.7 $8,654.8 
FSS International1,231.6 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 EndedNine Months Ended
Operating IncomeJune 28, 2024June 30, 2023June 28, 2024June 30, 2023
FSS United States$140.1 $123.5 $459.2 $433.2 
FSS International52.3 39.6 141.1 73.3 
Total Segment Operating Income192.4 163.1 600.3 506.5 
Corporate(30.7)(30.5)(112.6)(96.9)
Total Operating Income$161.7 $132.6 $487.7 $409.6 
Three Months EndedNine Months Ended
Reconciliation to Income from Continuing Operations Before Income TaxesJune 28, 2024June 30, 2023June 28, 2024June 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, net81.5 112.4 282.4 326.9 
Income from Continuing Operations Before Income Taxes$80.2 $396.2 $205.3 $458.7