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Business Segments (Tables) | 6 Months Ended
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Apr. 03, 2026
Segment Reporting [Abstract] |
Schedule of Financial Information by Segment | Financial information by segment is as follows (in millions):
|  | Three Months Ended |  | Six Months Ended
|  | April 3, 2026 |  | April 3, 2026
|  | FSS United States |  | FSS International |  | Total |  | FSS United States |  | FSS International |  | Total
Revenue |  | $ | 3,430.3 |  |  | $ | 1,477.0 |  |  | $ | 4,907.3 |  |  | $ | 6,792.4 |  |  | $ | 2,946.5 |  |  | $ | 9,738.9 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Food and support services costs |  | 967.5 |  |  | 391.9 |  |  |  |  | 1,915.6 |  |  | 789.4 |  |  |
Personnel costs(1)(2) |  | 1,313.7 |  |  | 749.5 |  |  |  |  | 2,586.4 |  |  | 1,500.8 |  |  |
Other direct costs(2) |  | 815.4 |  |  | 238.3 |  |  |  |  | 1,621.2 |  |  | 464.8 |  |  |
Depreciation and amortization(3) |  | 77.7 |  |  | 21.0 |  |  |  |  | 152.7 |  |  | 39.8 |  |  |
Selling expenses |  | 32.8 |  |  | 7.6 |  |  |  |  | 67.7 |  |  | 14.5 |  |  |
Adjusted operating income |  | $ | 223.2 |  |  | $ | 68.7 |  |  | $ | 291.9 |  |  | $ | 448.8 |  |  | $ | 137.2 |  |  | $ | 586.0 |
Reconciliation to Income Before Income Taxes:
Unallocated corporate expenses(4) |  | (34.3) |  |  |  |  |  |  | (65.3) |
Amortization of acquisition-related intangible assets(3) |  | (33.3) |  |  |  |  |  |  | (65.4) |
Severance and other charges(1) |  | (5.5) |  |  |  |  |  |  | (5.5) |
Gains, losses and settlements impacting comparability(2) |  | 0.9 |  |  |  |  |  |  | (12.5) |
Interest Expense, net |  | (82.2) |  |  |  |  |  |  | (164.2) |
Income Before Income Taxes |  | $ | 137.5 |  |  |  |  |  |  | $ | 273.1 |
(1)Adjusted for Severance and Other Charges of $5.5 million incurred by FSS United States for the three and six months ended April 3, 2026. (2)Adjusted for Gains, Losses, and Settlements impacting comparability consisting of certain transactions that are not indicative of the Company's ongoing operational performance. Adjustment impacting FSS United States Personnel costs includes a charge related to a multiemployer pension plan withdrawal of $5.6 million for the six months ended April 3, 2026. Adjustment impacting FSS United States Other direct costs includes a non-cash charge for the impairment of certain assets related to a business held-for-sale of $6.1 million for the six months ended April 3, 2026. Adjustments impacting FSS International Other direct costs consist of gains related to hyperinflation in Argentina of $0.9 million and $0.4 million for the three and six months ended April 3, 2026, respectively, and legal charges related to an antitrust review of $1.3 million for the six months ended April 3, 2026. (3)Adjusted for Amortization of Acquisition-Related Intangible Assets of $25.1 million and $50.3 million incurred by FSS United States for the three and six months ended April 3, 2026, respectively. Adjusted for Amortization of Acquisition-Related Intangible Assets of $8.2 million and $15.1 million incurred by FSS International for the three and six months ended April 3, 2026, respectively. (4)Includes certain operating and non-operating costs not allocated to the segments, such as corporate personnel compensation costs, share-based compensation expense and other unallocated costs.
|  | Three Months Ended |  | Six Months Ended
|  | March 28, 2025 |  | March 28, 2025
|  | FSS United States |  | FSS International |  | Total |  | FSS United States |  | FSS International |  | Total
Revenue |  | $ | 3,056.4 |  |  | $ | 1,222.9 |  |  | $ | 4,279.3 |  |  | $ | 6,357.4 |  |  | $ | 2,474.0 |  |  | $ | 8,831.4 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Food and support services costs |  | 854.9 |  |  | 324.0 |  |  |  |  | 1,796.3 |  |  | 664.6 |  |  |
Personnel costs |  | 1,202.8 |  |  | 648.5 |  |  |  |  | 2,423.7 |  |  | 1,286.7 |  |  |
Other direct costs(1) |  | 718.1 |  |  | 171.0 |  |  |  |  | 1,524.8 |  |  | 362.8 |  |  |
Depreciation and amortization(2) |  | 70.9 |  |  | 15.9 |  |  |  |  | 139.6 |  |  | 31.7 |  |  |
Selling expenses |  | 33.8 |  |  | 5.5 |  |  |  |  | 68.4 |  |  | 11.2 |  |  |
Adjusted operating income |  | $ | 175.9 |  |  | $ | 58.0 |  |  | $ | 233.9 |  |  | $ | 404.6 |  |  | $ | 117.0 |  |  | $ | 521.6 |
Reconciliation to Income Before Income Taxes:
Unallocated corporate expenses(3) |  | (29.1) |  |  |  |  |  |  | (59.2) |
Amortization of acquisition-related intangible assets(2) |  | (30.0) |  |  |  |  |  |  | (58.5) |
Gains, losses and settlements impacting comparability(1) |  | (0.6) |  |  |  |  |  |  | (12.5) |
Interest Expense, net |  | (89.7) |  |  |  |  |  |  | (165.5) |
Income Before Income Taxes |  | $ | 84.5 |  |  |  |  |  |  | $ | 225.9 |
(1)Adjusted for Gains, Losses, and Settlements impacting comparability consisting of certain transactions that are not indicative of the Company's ongoing operational performance. Adjustment impacting FSS United States includes a charge for contingent consideration liabilities related to acquisition earn outs of $11.1 million for the six months ended March 28, 2025. Adjustment impacting FSS International consist of charges related to hyperinflation in Argentina of $0.6 million and $1.3 million for the three and six months ended March 28, 2025, respectively. (2)Adjusted for Amortization of Acquisition-Related Intangible Assets of $24.2 million and $48.1 million incurred by FSS United States for the three and six months ended March 28, 2025, respectively. Adjusted for Amortization of Acquisition-Related Intangible Assets of $5.8 million and $10.5 million incurred by FSS International for the three and six months ended March 28, 2025, respectively. (3)Includes certain operating and non-operating costs not allocated to the segments, such as corporate personnel compensation costs, share-based compensation expense and other unallocated costs.
Schedule of Additional Financial Information by Segment | Additional financial information by segment is as follows (in millions):
Capital Expenditures and Other(1) | Three Months Ended |  | Six Months Ended
| April 3, 2026 |  | March 28, 2025 |  | April 3, 2026 |  | March 28, 2025
FSS United States | $ | 79.8 |  |  | $ | 91.2 |  |  | $ | 176.4 |  |  | $ | 193.3 |
FSS International | $ | 14.6 |  |  | 32.8 |  |  | 50.5 |  |  | 52.8 |
Corporate | $ | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
Total | $ | 94.5 |  |  | $ | 124.0 |  |  | $ | 227.0 |  |  | $ | 246.1 |
(1)Includes amounts acquired in business combinations.
Depreciation and Amortization | Three Months Ended |  | Six Months Ended
| April 3, 2026 |  | March 28, 2025 |  | April 3, 2026 |  | March 28, 2025
FSS United States | $ | 102.8 |  |  | $ | 95.1 |  |  | $ | 202.9 |  |  | $ | 187.7 |
FSS International | 29.2 |  |  | 21.8 |  |  | 54.9 |  |  | 42.2 |
Corporate | 0.2 |  |  | 0.2 |  |  | 0.3 |  |  | 0.4 |
Total | $ | 132.2 |  |  | $ | 117.1 |  |  | $ | 258.1 |  |  | $ | 230.3 |
Identifiable Assets |
| April 3, 2026 |  | October 3, 2025
FSS United States | $ | 10,477.4 |  |  | $ | 10,181.8 |
FSS International | 3,270.3 |  |  | 3,030.5 |
Corporate | $ | 93.0 |  |  | $ | 92.3 |
Total | $ | 13,840.7 |  |  | $ | 13,304.6 |

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