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SYY · Sysco Corp · Financials

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$82.22 +0.07 (+0.09%) At close · Oct 16
Market Cap
$39.39B
Shares
479.10M
Volume · Oct 16 2.54M Avg daily vol (3M) 3.64M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$84.55B +3.9%
FY2026 Revenue FY2008–FY2026
Net Income
$1.76B -3.9%
FY2026 Net Income FY2008–FY2026
Gross Margin
18.5% +0.1pp
FY2026 Gross Margin FY2008–FY2026
Operating Margin
3.66% -0.1pp
FY2026 Operating Margin FY2008–FY2026
Diluted EPS
$3.66 -1.9%
FY2026 Diluted EPS FY2008–FY2026
Operating Cash Flow
$2.64B +5.1%
FY2026 Operating Cash Flow FY2008–FY2026

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item FY2027 (G) TTM FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008
$90B — $84.55BG $81.37B $78.84BG $76.33B $68.64B $51.3B $52.89B $60.11B $58.73B $55.37B — — — — — $39.32B $37.24B $36.85B $37.52B
— — — — -$607M -$527M -$624M -$880.14M -$408.22M -$360.42M -$395.48M -$302.88M -$306.15M -$254.81M -$123.74M -$128.5M -$113.4M — — — —
— — $68.91B $66.4B $64.24B $62.37B $56.32B $41.94B $42.99B $48.7B $47.64B $44.81B — — — — — — $30.14B $29.82B $30.33B
— — $15.64B $14.97B $14.61B $13.96B $12.32B $9.36B $9.9B $11.41B $11.09B $10.56B $9.04B $8.55B $8.18B $8B $7.78B $7.39B $7.19B $7.04B $7.19B
— — 18.5% 18.4% 18.53% 18.28% 17.95% 18.24% 18.72% 18.98% 18.88% 19.07% — — — — — 18.8% 19.3% 19.09% 19.17%
— — — — — — — $103.5M $95.3M $92.3M $114.7M $112.9M $37.3M $40M $42.2M $32.1M $24.9M $21.9M $20.9M — —
— — $976M $945M $873M $776M $773M $737.92M $805.77M $763.94M $765.5M $901.99M $662.71M $553.02M $556.06M $512.55M $416.94M $402.59M $389.98M $382.34M $372.53M
— — $12.54B $11.88B $11.41B $10.92B $9.97B $7.91B $9.15B $9.08B $8.77B $8.5B $7.19B $7.32B $6.59B $6.34B $5.89B $5.46B $5.21B $5.16B $5.31B
— — $3.1B $3.09B $3.2B $3.04B $2.35B $1.45B $749.51M $2.33B $2.31B $2.05B $1.85B $1.23B $1.59B $1.66B $1.89B $1.93B $1.98B $1.87B $1.88B
— — 3.66% 3.8% 4.06% 3.98% 3.42% 2.82% 1.42% 3.88% 3.94% 3.71% — — — — — 4.91% 5.31% 5.08% 5.01%
— — $4.07B $4.03B $4.08B $3.82B $3.12B $2.19B $1.56B $3.09B $3.08B $2.96B $2.51B $1.78B $2.14B $2.17B $2.31B $2.33B $2.37B $2.25B $2.25B
— $128.16M — — — — — — — — — — — — — $128.5M $113.4M $118.27M $125.48M $116.32M $111.54M
— — -$102M -$38M -$30M -$227M $25M $17.68M -$47.9M $36.11M $37.65M $14.49M -$111.35M $33.59M $12.24M $17.47M $6.77M $14.22M -$802K $14.95M $22.93M
— — — — — — — — — — — — — — — — $0 $0 $0 $0 $0
— — $2.28B $2.42B $2.57B $2.29B $1.75B $584.73M $293.38M $2.01B $1.96B $1.77B $1.43B $1.01B $1.48B $1.55B $1.78B $1.83B $1.85B $1.77B $1.79B
— — $519M $587M $610M $515M $388M $60.52M $77.91M $331.57M $525.46M $623.73M $483.39M $321.37M $544.09M $555.03M $662.42M $675.42M $669.61M $714.89M $685.19M
— — $1.76B $1.83B $1.96B $1.77B $1.36B $524.21M $215.48M — — — — — — — — $1.15B $1.18B $1.06B $1.11B
— — 2.08% 2.25% 2.48% 2.32% 1.98% 1.02% 0.41% — — — — — — — — 2.93% 3.17% 2.87% 2.95%
— — — — — — — $524.21M $215.48M $1.67B $1.43B $1.14B $949.62M $686.77M $931.53M $992.43M $1.12B $1.15B $1.18B — —
— — $1.84B $2.07B $1.87B $2B $1.03B $1.09B $104.32M $1.48B $1.52B $1.24B $514.7M $406.24M $735.81M $1.21B $718.68M $1.37B $977.72M $846.73M $1.02B
USD/shares — — $3.67 $3.74 $3.90 $3.49 $2.66 $1.03 $0.42 $3.24 $2.74 $2.10 $1.66 $1.16 $1.59 $1.68 $1.91 $1.96 $1.99 $1.77 $1.83
USD/shares $5.02 – $5.12* — $3.66G $3.73 $3.89G $3.47G $2.64G $1.02 $0.42 $3.20 $2.70 $2.08 $1.64 $1.15 $1.58 $1.67 $1.90 $1.96 $1.99 $1.77 $1.81
shares — — 479.12M 488.14M 501.24M 507.36M 510.63M 510.7M 510.12M 516.89M 522.93M 543.5M 573.06M 592.07M 585.99M 589.4M 587.73M 586.53M 592.16M 595.13M 605.91M
shares — — 480.61M 489.83M 503.1M 509.72M 514.01M 513.56M 514.03M 523.38M 529.09M 548.55M 577.39M 596.85M 590.22M 592.68M 588.99M 588.69M 593.59M 596.07M 610.97M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2026: $13.13B in buybacks, $14.53B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Latest reported total
USD 13,500,000,000
As of Jun 27, 2026
Tracked instruments
16
Loans, facilities and note series
Annual baseline
Jun 27, 2026
Latest approved annual total
Reported total debt history
As of Reported label Amount Source
2026-06-27 total indebtedness USD 13,500,000,000 10-K filed 2026-08-21
As described in Note 12, “Debt and Other Financing Arrangements,” in the Notes to Consolidated Financial Statements in Item 8, as of June 27, 2026, we had approximately $13.5 billion of total indebtedness, which primarily includes our outstanding senior notes. Additionally, we have the ability to borrow under our revolving credit facility, which supports our U.S. commercial paper program.
2025-12-27 total carrying value of our debt USD 13,600,000,000 10-Q filed 2026-01-28
The total carrying value of our debt was $13.6 billion as of December 27, 2025 and $13.3 billion as of June 28, 2025.
2025-09-27 total carrying value of our debt USD 13,400,000,000 10-Q filed 2025-10-29
The total carrying value of our debt was $13.4 billion as of September 27, 2025 and $13.3 billion as of June 28, 2025. The increase in the carrying value of our debt during the 13-week period ended September 27, 2025 was due to new commercial paper issuances and new leases in support of plant and equipment. In October 2025, Sysco repaid $750 million of matured senior notes that were classified within current maturities of long-term debt as of September 27, 2025.
2025-06-28 Total debt USD 13,300,000,000 10-K filed 2026-08-21
At June 28, 2025, there were $205 million in commercial paper issuances outstanding under our European commercial paper program and no commercial paper issuances outstanding under our U.S. commercial paper program. Total debt as of June 28, 2025 was $13.3 billion, of which approximately 90% was at fixed rates of interest.
2024-12-28 total carrying value of our debt USD 12,600,000,000 10-Q filed 2025-01-29
The total carrying value of our debt was $12.6 billion as of December 28, 2024 and $12.0 billion as of June 29, 2024.
2024-06-29 total carrying value of our debt USD 12,000,000,000 10-Q filed 2025-01-29
The total carrying value of our debt was $12.6 billion as of December 28, 2024 and $12.0 billion as of June 29, 2024.
2023-07-01 Total debt USD 10,400,000,000 10-K filed 2023-08-25
At July 1, 2023, there were no commercial paper issuances outstanding under our U.S. commercial paper program. Total debt as of July 1, 2023 was $10.4 billion, of which approximately 100% was at fixed rates of interest.
2023-04-01 total carrying value of our debt USD 11,000,000,000 10-Q filed 2023-05-02
The total carrying value of our debt was $11.0 billion as of April 1, 2023 and $10.6 billion as of July 2, 2022.
2022-07-02 Total debt USD 10,600,000,000 10-K filed 2023-08-25
At July 2, 2022, there were no commercial paper issuances outstanding under our U.S. commercial paper program. Total debt as of July 2, 2022 was $10.6 billion, of which approximately 95% was at fixed rates of interest, including the impact of our interest rate swap agreements.
2022-04-02 senior notes, debentures and borrowings under the long-term revolving credit facility USD 10,500,000,000 10-Q filed 2022-05-11
As of April 2, 2022, Sysco had a total of $10.5 billion in senior notes, debentures and borrowings under the long-term revolving credit facility that were guaranteed by these subsidiary guarantors.
2021-07-03 Total debt USD 11,100,000,000 10-K filed 2021-08-30
At July 3, 2021, there were no commercial paper issuances outstanding under our U.S. commercial paper program. Total debt as of July 3, 2021 was $11.1 billion, of which approximately 90% was at fixed rates of interest, including the impact of our interest rate swap agreements.
2020-12-26 Total debt USD 13,800,000,000 10-Q filed 2021-02-03
Total debt as of December 26, 2020 was $13.8 billion, of which approximately 83% was at fixed rates of interest, including the impact of our interest rate swap agreements.
2020-09-26 Total debt USD 13,700,000,000 10-Q filed 2020-11-04
At September 26, 2020, there were no commercial paper issuances outstanding under our U.S. commercial paper program, and we had £600.0 million outstanding under our U.K. commercial paper program. Total debt as of September 26, 2020 was $13.7 billion, of which approximately 83% was at fixed rates of interest, including the impact of our interest rate swap agreements.
2020-06-27 total debt USD 14,400,000,000 10-K filed 2021-08-30
The fair value of Sysco’s total debt is estimated based on the quoted market prices for the same or similar issues or on the current rates offered to the company for new debt with the same maturities as existing debt, and is considered a Level 2 measurement. The fair value of total debt was approximately $13.3 billion and $16.3 billion as of July 3, 2021 and June 27, 2020, respectively. The carrying value of total debt was $11.1 billion and $14.4 billion as of July 3, 2021 and June 27, 2020, respectively.
2019-12-28 Total debt USD 8,900,000,000 10-Q filed 2020-02-05
At December 28, 2019, there was $853.3 million in aggregate commercial paper issuances outstanding. Total debt as of December 28, 2019 was $8.9 billion, of which approximately 64% was at fixed rates of interest, including the impact of our interest rate swap agreements.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Debt and lease obligations 2026-06-27 USD 13,516,000,000 10-K filed 2026-08-21
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current long-term debt and lease obligations
USD 1,201,000,000
Noncurrent long-term debt and lease obligations
USD 12,315,000,000
Finance lease liabilities 2026-06-27 USD 393,000,000 10-K filed 2026-08-21
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current finance lease liabilities
USD 72,000,000
Noncurrent finance lease liabilities
USD 321,000,000
Operating lease liabilities 2026-06-27 USD 1,451,000,000 10-K filed 2026-08-21
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current operating lease liabilities
USD 166,000,000
Noncurrent operating lease liabilities
USD 1,285,000,000
7 filing observations remain unmatched and are excluded from instrument histories.
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
Some debt data could not be processed yet.
17 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Some sections could not be verified in 7 agreement documents. Other restrictions or tests may apply.

Verified tests, triggers and restrictions appear with each agreement below. A verified term does not establish current compliance.

Loans, facilities and notes

New Credit Agreement

RevolvingCreditFacility · Sysco Corporation

Reference: New Credit Agreement

Active
Outstanding
—
Commitment
—
Availability
—
Maturity
Apr 29, 2027

Reported commitment: USD 3,000,000,000 Reported 2022-05-02 Disclosed facility capacity; the amount drawn and capacity available today are not established.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Refinancing · 2022-04-29 Commitment USD 3,000,000,000 Exact source document Parent 8-K filing · 2022-05-02
    The aggregate commitments of the lenders under the New Credit Agreement, as of the effective date, are $3.0 billion, with an option to increase such commitments to $4.0 billion, and with a maturity date of April 29, 2027.
    Issuer evidence: On April 29, 2022, Sysco Corporation (“Sysco” or the “Company”), Sysco Canada, Inc (“Sysco Canada”), and Sysco EU II S.à r.l. (together with Sysco Canada, the “Subsidiary Borrowers”) entered into a Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders and guarantors party thereto (the “New Credit Agreement”), which replaces Sysco’s existing $2.0 billion senior revolving credit facility that was entered into on June 28, 2019, as amended (the “Existing Credit Agreement”).
    Supporting evidence: On April 29, 2022, Sysco Corporation (“Sysco” or the “Company”), Sysco Canada, Inc (“Sysco Canada”), and Sysco EU II S.à r.l. (together with Sysco Canada, the “Subsidiary Borrowers”) entered into a Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders and guarantors party thereto (the “New Credit Agreement”), which replaces Sysco’s existing $2.0 billion senior revolving credit facility that was entered into on June 28, 2019, as amended (the “Existing Credit Agreement”).
    Supporting evidence: On April 29, 2022, Sysco Corporation (“Sysco” or the “Company”), Sysco Canada, Inc (“Sysco Canada”), and Sysco EU II S.à r.l. (together with Sysco Canada, the “Subsidiary Borrowers”) entered into a Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders and guarantors party thereto (the “New Credit Agreement”), which replaces Sysco’s existing $2.0 billion senior revolving credit facility that was entered into on June 28, 2019, as amended (the “Existing Credit Agreement”).
    Supporting evidence: On April 29, 2022, Sysco Corporation (“Sysco” or the “Company”), Sysco Canada, Inc (“Sysco Canada”), and Sysco EU II S.à r.l. (together with Sysco Canada, the “Subsidiary Borrowers”) entered into a Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders and guarantors party thereto (the “New Credit Agreement”), which replaces Sysco’s existing $2.0 billion senior revolving credit facility that was entered into on June 28, 2019, as amended (the “Existing Credit Agreement”). The aggregate commitments of the lenders under the New Credit Agreement, as of the effective date, are $3.0 billion, with an option to increase such commitments to $4.0 billion, and with a maturity date of April 29, 2027.

5.750% Senior Notes due 2029

Note · Sysco Corporation

Reference: 5.750% Senior Notes due 2029

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jan 17, 2029

Last reported interest terms: 5.75% Reported 2023-11-17 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2023-11-17 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2023-11-17
    On November 17, 2023, Sysco Corporation (the “Company”) issued and sold $500,000,000 aggregate principal amount of the Company’s 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”).
    Issuer evidence: On November 17, 2023, Sysco Corporation (the “Company”) issued and sold $500,000,000 aggregate principal amount of the Company’s 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”).
    Supporting evidence: The 2029 Notes pay interest at the rate of 5.750% per annum and the 2034 Notes pay interest at the rate of 6.000% per annum, which shall be payable in cash semi-annually in arrears on January 17 and July 17, beginning July 17, 2024. The 2029 Notes will mature on January 17, 2029 and the 2034 Notes will mature on January 17, 2034.
    Supporting evidence: On November 17, 2023, Sysco Corporation (the “Company”) issued and sold $500,000,000 aggregate principal amount of the Company’s 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”).
    Supporting evidence: On November 17, 2023, Sysco Corporation (the “Company”) issued and sold $500,000,000 aggregate principal amount of the Company’s 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”).
  2. Issuance · 2023-11-06 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2023-11-09
    On November 6, 2023, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of its 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On November 6, 2023, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of its 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On November 6, 2023, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of its 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On November 6, 2023, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of its 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).

New Credit Agreement

RevolvingCreditFacility · Sysco Corporation

Reference: New Credit Agreement

Active
Outstanding
—
Commitment
USD 3,000,000,000
Availability
—
Maturity
Sep 5, 2030

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Refinancing · 2025-09-05 Commitment USD 3,000,000,000 Exact source document Parent 8-K filing · 2025-09-08
    On September 5, 2025, Sysco Corporation (“Sysco”), a Delaware corporation, and its wholly-owned subsidiaries, Sysco Canada, Inc., a British Columbia corporation (“Sysco Canada”), and Sysco Global Holdings B.V., a Netherlands limited liability company (together with Sysco Canada, the “Subsidiary Borrowers”), entered into a Credit Agreement with Bank of America, N.A., as Administrative Agent, and the lenders and guarantors party thereto (the “New Credit Agreement”), which replaces Sysco’s existing $3.0 billion senior revolving credit facility that was originally entered into on April 29, 2022, (as amended, the “Existing Credit Agreement”). The aggregate commitments of the lenders under the New Credit Agreement, as of the effective date, are $3.0 billion, with an option to increase such commitments to $4.0 billion, and with a maturity date of September 5, 2030.
    Issuer evidence: On September 5, 2025, Sysco Corporation (“Sysco”), a Delaware corporation, and its wholly-owned subsidiaries, Sysco Canada, Inc., a British Columbia corporation (“Sysco Canada”), and Sysco Global Holdings B.V., a Netherlands limited liability company (together with Sysco Canada, the “Subsidiary Borrowers”), entered into a Credit Agreement with Bank of America, N.A., as Administrative Agent, and the lenders and guarantors party thereto (the “New Credit Agreement”), which replaces Sysco’s existing $3.0 billion senior revolving credit facility that was originally entered into on April 29, 2022, (as amended, the “Existing Credit Agreement”). The aggregate commitments of the lenders under the New Credit Agreement, as of the effective date, are $3.0 billion, with an option to increase such commitments to $4.0 billion, and with a maturity date of September 5, 2030.
    Supporting evidence: On September 5, 2025, Sysco Corporation (“Sysco”), a Delaware corporation, and its wholly-owned subsidiaries, Sysco Canada, Inc., a British Columbia corporation (“Sysco Canada”), and Sysco Global Holdings B.V., a Netherlands limited liability company (together with Sysco Canada, the “Subsidiary Borrowers”), entered into a Credit Agreement with Bank of America, N.A., as Administrative Agent, and the lenders and guarantors party thereto (the “New Credit Agreement”), which replaces Sysco’s existing $3.0 billion senior revolving credit facility that was originally entered into on April 29, 2022, (as amended, the “Existing Credit Agreement”). The aggregate commitments of the lenders under the New Credit Agreement, as of the effective date, are $3.0 billion, with an option to increase such commitments to $4.0 billion, and with a maturity date of September 5, 2030.

5.100% Senior Notes due 2030

Note · Sysco Corporation

Reference: 5.100% Senior Notes due 2030

Active
Original principal
USD 700,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Sep 23, 2030

Last reported interest terms: 5.1% Reported 2025-02-25 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2025-02-25 Original principal USD 700,000,000 Exact source document Parent 8-K filing · 2025-02-25
    On February 25, 2025, Sysco Corporation (the “Company”) issued and sold $700,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2030 (the “2030 Notes”) and $550,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”).
    Issuer evidence: On February 25, 2025, Sysco Corporation (the “Company”) issued and sold $700,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2030 (the “2030 Notes”) and $550,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”).
    Supporting evidence: The 2030 Notes pay interest at the rate of 5.100% per annum and the 2035 Notes pay interest at the rate of 5.400% per annum, which shall be payable in cash semi-annually in arrears on March 23 and September 23, beginning September 23, 2025. The 2030 Notes will mature on September 23, 2030, and the 2035 Notes will mature on March 23, 2035.
    Supporting evidence: On February 25, 2025, Sysco Corporation (the “Company”) issued and sold $700,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2030 (the “2030 Notes”) and $550,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”).
    Supporting evidence: On February 25, 2025, Sysco Corporation (the “Company”) issued and sold $700,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2030 (the “2030 Notes”) and $550,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”).
  2. Issuance · 2025-02-13 Original principal USD 700,000,000 Exact source document Parent 8-K filing · 2025-02-19
    On February 13, 2025, with respect to the offering and sale of $700,000,000 aggregate principal amount of its 5.100% Senior Notes due 2030 (the "2030 Notes") and $550,000,000 aggregate principal amount of its 5.400% Senior Notes due 2035 (the "2035 Notes" and, together with the 2030 Notes, the "Notes"), Sysco Corporation ("Sysco") and certain subsidiary guarantors entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").
    Issuer evidence: On February 13, 2025, with respect to the offering and sale of $700,000,000 aggregate principal amount of its 5.100% Senior Notes due 2030 (the "2030 Notes") and $550,000,000 aggregate principal amount of its 5.400% Senior Notes due 2035 (the "2035 Notes" and, together with the 2030 Notes, the "Notes"), Sysco Corporation ("Sysco") and certain subsidiary guarantors entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").
    Supporting evidence: On February 13, 2025, with respect to the offering and sale of $700,000,000 aggregate principal amount of its 5.100% Senior Notes due 2030 (the "2030 Notes") and $550,000,000 aggregate principal amount of its 5.400% Senior Notes due 2035 (the "2035 Notes" and, together with the 2030 Notes, the "Notes"), Sysco Corporation ("Sysco") and certain subsidiary guarantors entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").

4.400% Senior Notes due 2031

Note · Sysco Corporation

Reference: 4.400% Senior Notes due 2031

Active
Original principal
USD 600,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jul 25, 2031

Last reported interest terms: 4.4% Reported 2026-02-13 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-02-13 Original principal USD 600,000,000 Exact source document Parent 8-K filing · 2026-02-13
    On February 13, 2026, Sysco Corporation (the “Company”) issued and sold $600,000,000 aggregate principal amount of the Company’s 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650,000,000 aggregate principal amount of the Company’s 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
    Issuer evidence: On February 13, 2026, Sysco Corporation (the “Company”) issued and sold $600,000,000 aggregate principal amount of the Company’s 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650,000,000 aggregate principal amount of the Company’s 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
    Supporting evidence: The 2031 Notes pay interest at the rate of 4.400% per annum and the 2036 Notes pay interest at the rate of 4.950% per annum, which shall be payable in cash semi-annually in arrears on January 25 and July 25, commencing July 25, 2026, and March 25 and September 25, commencing September 25, 2026, respectively. The 2031 Notes will mature on July 25, 2031, and the 2036 Notes will mature on March 25, 2036.
    Supporting evidence: On February 13, 2026, Sysco Corporation (the “Company”) issued and sold $600,000,000 aggregate principal amount of the Company’s 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650,000,000 aggregate principal amount of the Company’s 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
    Supporting evidence: On February 13, 2026, Sysco Corporation (the “Company”) issued and sold $600,000,000 aggregate principal amount of the Company’s 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650,000,000 aggregate principal amount of the Company’s 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
  2. Issuance · 2026-02-11 Original principal USD 600,000,000 Exact source document Parent 8-K filing · 2026-02-11
    On February 10, 2026, with respect to the offering and sale of $600 million aggregate principal amount of its 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650 million aggregate principal amount of its 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On February 10, 2026, with respect to the offering and sale of $600 million aggregate principal amount of its 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650 million aggregate principal amount of its 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On February 10, 2026, with respect to the offering and sale of $600 million aggregate principal amount of its 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650 million aggregate principal amount of its 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On February 10, 2026, with respect to the offering and sale of $600 million aggregate principal amount of its 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650 million aggregate principal amount of its 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).

6.000% Senior Notes due 2034

Note · Sysco Corporation

Reference: 6.000% Senior Notes due 2034

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jan 17, 2034

Last reported interest terms: 6% Reported 2023-11-17 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2023-11-17 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2023-11-17
    On November 17, 2023, Sysco Corporation (the “Company”) issued and sold $500,000,000 aggregate principal amount of the Company’s 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”).
    Issuer evidence: On November 17, 2023, Sysco Corporation (the “Company”) issued and sold $500,000,000 aggregate principal amount of the Company’s 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”).
    Supporting evidence: The 2029 Notes pay interest at the rate of 5.750% per annum and the 2034 Notes pay interest at the rate of 6.000% per annum, which shall be payable in cash semi-annually in arrears on January 17 and July 17, beginning July 17, 2024. The 2029 Notes will mature on January 17, 2029 and the 2034 Notes will mature on January 17, 2034.
    Supporting evidence: On November 17, 2023, Sysco Corporation (the “Company”) issued and sold $500,000,000 aggregate principal amount of the Company’s 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”).
    Supporting evidence: On November 17, 2023, Sysco Corporation (the “Company”) issued and sold $500,000,000 aggregate principal amount of the Company’s 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of the Company’s 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”).
  2. Issuance · 2023-11-06 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2023-11-09
    On November 6, 2023, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of its 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On November 6, 2023, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of its 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On November 6, 2023, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of its 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On November 6, 2023, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 5.750% Senior Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of its 6.000% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).

5.400% Senior Notes due 2035

Note · Sysco Corporation

Reference: 5.400% Senior Notes due 2035

Active
Original principal
USD 550,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Mar 23, 2035

Last reported interest terms: 5.4% Reported 2025-02-25 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2025-02-25 Original principal USD 550,000,000 Exact source document Parent 8-K filing · 2025-02-25
    On February 25, 2025, Sysco Corporation (the “Company”) issued and sold $700,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2030 (the “2030 Notes”) and $550,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”).
    Issuer evidence: On February 25, 2025, Sysco Corporation (the “Company”) issued and sold $700,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2030 (the “2030 Notes”) and $550,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”).
    Supporting evidence: The 2030 Notes pay interest at the rate of 5.100% per annum and the 2035 Notes pay interest at the rate of 5.400% per annum, which shall be payable in cash semi-annually in arrears on March 23 and September 23, beginning September 23, 2025. The 2030 Notes will mature on September 23, 2030, and the 2035 Notes will mature on March 23, 2035.
    Supporting evidence: On February 25, 2025, Sysco Corporation (the “Company”) issued and sold $700,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2030 (the “2030 Notes”) and $550,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”).
    Supporting evidence: On February 25, 2025, Sysco Corporation (the “Company”) issued and sold $700,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2030 (the “2030 Notes”) and $550,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”).
  2. Issuance · 2025-02-13 Original principal USD 550,000,000 Exact source document Parent 8-K filing · 2025-02-19
    On February 13, 2025, with respect to the offering and sale of $700,000,000 aggregate principal amount of its 5.100% Senior Notes due 2030 (the "2030 Notes") and $550,000,000 aggregate principal amount of its 5.400% Senior Notes due 2035 (the "2035 Notes" and, together with the 2030 Notes, the "Notes"), Sysco Corporation ("Sysco") and certain subsidiary guarantors entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").
    Issuer evidence: On February 13, 2025, with respect to the offering and sale of $700,000,000 aggregate principal amount of its 5.100% Senior Notes due 2030 (the "2030 Notes") and $550,000,000 aggregate principal amount of its 5.400% Senior Notes due 2035 (the "2035 Notes" and, together with the 2030 Notes, the "Notes"), Sysco Corporation ("Sysco") and certain subsidiary guarantors entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").
    Supporting evidence: On February 13, 2025, with respect to the offering and sale of $700,000,000 aggregate principal amount of its 5.100% Senior Notes due 2030 (the "2030 Notes") and $550,000,000 aggregate principal amount of its 5.400% Senior Notes due 2035 (the "2035 Notes" and, together with the 2030 Notes, the "Notes"), Sysco Corporation ("Sysco") and certain subsidiary guarantors entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").

4.950% Senior Notes due 2036

Note · Sysco Corporation

Reference: 4.950% Senior Notes due 2036

Active
Original principal
USD 650,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Mar 25, 2036

Last reported interest terms: 4.95% Reported 2026-02-13 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-02-13 Original principal USD 650,000,000 Exact source document Parent 8-K filing · 2026-02-13
    On February 13, 2026, Sysco Corporation (the “Company”) issued and sold $600,000,000 aggregate principal amount of the Company’s 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650,000,000 aggregate principal amount of the Company’s 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
    Issuer evidence: On February 13, 2026, Sysco Corporation (the “Company”) issued and sold $600,000,000 aggregate principal amount of the Company’s 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650,000,000 aggregate principal amount of the Company’s 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
    Supporting evidence: The 2031 Notes pay interest at the rate of 4.400% per annum and the 2036 Notes pay interest at the rate of 4.950% per annum, which shall be payable in cash semi-annually in arrears on January 25 and July 25, commencing July 25, 2026, and March 25 and September 25, commencing September 25, 2026, respectively. The 2031 Notes will mature on July 25, 2031, and the 2036 Notes will mature on March 25, 2036.
    Supporting evidence: On February 13, 2026, Sysco Corporation (the “Company”) issued and sold $600,000,000 aggregate principal amount of the Company’s 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650,000,000 aggregate principal amount of the Company’s 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
    Supporting evidence: On February 13, 2026, Sysco Corporation (the “Company”) issued and sold $600,000,000 aggregate principal amount of the Company’s 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650,000,000 aggregate principal amount of the Company’s 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
  2. Issuance · 2026-02-11 Original principal USD 650,000,000 Exact source document Parent 8-K filing · 2026-02-11
    On February 10, 2026, with respect to the offering and sale of $600 million aggregate principal amount of its 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650 million aggregate principal amount of its 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On February 10, 2026, with respect to the offering and sale of $600 million aggregate principal amount of its 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650 million aggregate principal amount of its 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On February 10, 2026, with respect to the offering and sale of $600 million aggregate principal amount of its 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650 million aggregate principal amount of its 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On February 10, 2026, with respect to the offering and sale of $600 million aggregate principal amount of its 4.400% Senior Notes due 2031 (the “2031 Notes”) and $650 million aggregate principal amount of its 4.950% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”), Sysco Corporation (“Sysco”) and certain subsidiary guarantors entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).

2.400% Senior Notes due 2030

Note · Sysco Corporation

Reference: 2.400% Senior Notes due 2030

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 2.4% Reported 2020-02-13 Later filings may not restate these terms; this does not confirm they still apply.

Verified covenant terms

  • Change of Control Repurchase Event · If a Change of Control Repurchase Event (as defined below) occurs the Issuer will be required to make an irrevocable offer to each Holder of Notes to repurchase all or any part Exceptions: unless the Issuer has exercised its right to redeem the Notes as described above or has defeased the Notes pursuant to Section 10.1 of the Indenture referred to herein 2.400% Senior Note due 2030
    Full wording and supporting evidence
    Source evidence: If a Change of Control Repurchase Event (as defined below) occurs, unless the Issuer has exercised its right to redeem the Notes as described above or has defeased the Notes pursuant to Section 10.1 of the Indenture referred to herein, the Issuer will be required to make an irrevocable offer to each Holder of Notes to repurchase all or any part (equal to or in excess of $2,000 and in integral multiples of $1,000 in excess thereof) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but not including, the date of repurchase.
    Target identity evidence: THIRTY-FOURTH SUPPLEMENTAL INDENTURE (this “Thirty-Fourth Supplemental Indenture”) dated as of the 13th day of February, 2020, among SYSCO CORPORATION, a corporation organized and existing under the laws of the State of Delaware (the “Issuer”), the SUBSIDIARY GUARANTORS named on Schedule I hereto (each, a “Subsidiary Guarantor,” and collectively, the “Subsidiary Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”);
    Target identity evidence: So long as any 2.400% Senior Notes due 2030 of the Issuer (the “Notes”) are represented by a Registered Global Security, interest (other than interest payable at maturity or upon redemption) shall be paid in immediately available funds by wire transfer to the Depositary for such Notes, on the written order of the Depositary.
Documents and filing history
  1. Issuance · 2020-02-11 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2020-02-13
    On February 11, 2020, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 2.400% Senior Notes due 2030 (the “2030 Notes”) and $500,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “2050 Notes” and, together with the 2030 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On February 11, 2020, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 2.400% Senior Notes due 2030 (the “2030 Notes”) and $500,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “2050 Notes” and, together with the 2030 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On February 11, 2020, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 2.400% Senior Notes due 2030 (the “2030 Notes”) and $500,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “2050 Notes” and, together with the 2030 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On February 11, 2020, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 2.400% Senior Notes due 2030 (the “2030 Notes”) and $500,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “2050 Notes” and, together with the 2030 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).

2.450% Senior Notes due 2031

Note · Sysco Corporation

Reference: 2.450% Senior Notes due 2031

Active
Original principal
USD 450,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 2.45% Reported 2021-12-07 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2021-12-01 Original principal USD 450,000,000 Exact source document Parent 8-K filing · 2021-12-07
    On December 1, 2021, with respect to the offering and sale of $450,000,000 aggregate principal amount of its 2.450% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 aggregate principal amount of its 3.150% Senior Notes due 2051 (the “2051 Notes” and, together with the 2031 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On December 1, 2021, with respect to the offering and sale of $450,000,000 aggregate principal amount of its 2.450% Senior Notes due 2031 (the "2031 Notes") and $800,000,000 aggregate principal amount of its 3.150% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), Sysco Corporation ("Sysco") entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").
    Supporting evidence: On December 1, 2021, with respect to the offering and sale of $450,000,000 aggregate principal amount of its 2.450% Senior Notes due 2031 (the "2031 Notes") and $800,000,000 aggregate principal amount of its 3.150% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), Sysco Corporation ("Sysco") entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").
    Supporting evidence: On December 1, 2021, with respect to the offering and sale of $450,000,000 aggregate principal amount of its 2.450% Senior Notes due 2031 (the "2031 Notes") and $800,000,000 aggregate principal amount of its 3.150% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), Sysco Corporation ("Sysco") entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").

3.150% Senior Notes due 2051

Note · Sysco Corporation

Reference: 3.150% Senior Notes due 2051

Active
Original principal
USD 800,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 3.15% Reported 2021-12-07 Later filings may not restate these terms; this does not confirm they still apply.

Verified covenant terms

  • 2.9 · Change of Control Repurchase Event 2.9 Change of Control Repurchase Event. If a Change of Control Repurchase Event (as defined below) occurs, unless the Issuer has exercised its right to redeem the Notes as described above or has defeased the Notes pursuant to Section 10.1 of the Original Indenture, the Issuer will be required to make an irrevocable offer to each Holder of Notes to repurchase all or any part (equal to or in excess of $2,000 and in integral multiples of $1,000 in excess thereof) of that Holder's Notes at a repurchase price… Defined terms:
    • Change of Control Repurchase Event: the occurrence of both a Change of Control and a Below Investment Grade Ratings Event for the Notes.
      Source evidence: “*Change of Control Repurchase Event*” means the occurrence of both a Change of Control and a Below Investment Grade Ratings Event for the Notes.
    2.9 Change of Control Repurchase Event.
    Full wording and supporting evidence
    Source evidence: 2.9 Change of Control Repurchase Event. If a Change of Control Repurchase Event (as defined below) occurs, unless the Issuer has exercised its right to redeem the Notes as described above or has defeased the Notes pursuant to Section 10.1 of the Original Indenture, the Issuer will be required to make an irrevocable offer to each Holder of Notes to repurchase all or any part (equal to or in excess of $2,000 and in integral multiples of $1,000 in excess thereof) of that Holder's Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but not including, the date of repurchase.
    Target identity evidence: FORTY-THIRD SUPPLEMENTAL INDENTURE (this “Forty-Third Supplemental Indenture”) dated as of the 14th day of December, 2021, among SYSCO CORPORATION, a corporation organized and existing under the laws of the State of Delaware (the “Issuer”), the SUBSIDIARY GUARANTORS named on Schedule I hereto (each, a “Subsidiary Guarantor,” and collectively, the “Subsidiary Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”);
    Target identity evidence: WHEREAS, the Issuer has heretofore executed and delivered an Indenture dated as of June 15, 1995 (as supplemented by the Thirteenth Supplemental Indenture described below, the “Original Indenture,” and as further supplemented by this Forty-Third Supplemental Indenture, the “Indenture”)
    Target identity evidence: 2.1 Title of the Securities. This Forty-Third Supplemental Indenture hereby establishes a series of Securities designated as the “3.150% Senior Notes due 2051” of the Issuer (the “Notes”).
    Target scope evidence: 2.9 Change of Control Repurchase Event. If a Change of Control Repurchase Event (as defined below) occurs, unless the Issuer has exercised its right to redeem the Notes as described above or has defeased the Notes pursuant to Section 10.1 of the Original Indenture, the Issuer will be required to make an irrevocable offer to each Holder of Notes to repurchase
  • 3.1(a) · Guarantee Each Subsidiary Guarantor, on a joint and several basis, hereby unconditionally guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of the principal of, premium, if any, and interest on the Notes 3.1 Guarantee.
    Full wording and supporting evidence
    Source evidence: (a) Each Subsidiary Guarantor, on a joint and several basis, hereby unconditionally guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of the principal of, premium, if any, and interest on the Notes, when and as the same shall become due and payable according to the terms of the Notes and as more fully described in the Indenture, and any other amounts payable under the Indenture (the “Obligations”).
    Target identity evidence: FORTY-THIRD SUPPLEMENTAL INDENTURE (this “Forty-Third Supplemental Indenture”) dated as of the 14th day of December, 2021, among SYSCO CORPORATION, a corporation organized and existing under the laws of the State of Delaware (the “Issuer”), the SUBSIDIARY GUARANTORS named on Schedule I hereto (each, a “Subsidiary Guarantor,” and collectively, the “Subsidiary Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”);
    Target identity evidence: WHEREAS, the Issuer has heretofore executed and delivered an Indenture dated as of June 15, 1995 (as supplemented by the Thirteenth Supplemental Indenture described below, the “Original Indenture,” and as further supplemented by this Forty-Third Supplemental Indenture, the “Indenture”)
    Target identity evidence: 2.1 Title of the Securities. This Forty-Third Supplemental Indenture hereby establishes a series of Securities designated as the “3.150% Senior Notes due 2051” of the Issuer (the “Notes”).
Documents and filing history
  1. Issuance · 2021-12-01 Original principal USD 800,000,000 Exact source document Parent 8-K filing · 2021-12-07
    On December 1, 2021, with respect to the offering and sale of $450,000,000 aggregate principal amount of its 2.450% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 aggregate principal amount of its 3.150% Senior Notes due 2051 (the “2051 Notes” and, together with the 2031 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On December 1, 2021, with respect to the offering and sale of $450,000,000 aggregate principal amount of its 2.450% Senior Notes due 2031 (the "2031 Notes") and $800,000,000 aggregate principal amount of its 3.150% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), Sysco Corporation ("Sysco") entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").
    Supporting evidence: On December 1, 2021, with respect to the offering and sale of $450,000,000 aggregate principal amount of its 2.450% Senior Notes due 2031 (the "2031 Notes") and $800,000,000 aggregate principal amount of its 3.150% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), Sysco Corporation ("Sysco") entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").
    Supporting evidence: On December 1, 2021, with respect to the offering and sale of $450,000,000 aggregate principal amount of its 2.450% Senior Notes due 2031 (the "2031 Notes") and $800,000,000 aggregate principal amount of its 3.150% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), Sysco Corporation ("Sysco") entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").

3.300% Senior Notes due 2050

Note · Sysco Corporation

Reference: 3.300% Senior Notes due 2050

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 3.3% Reported 2020-02-13 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2020-02-11 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2020-02-13
    On February 11, 2020, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 2.400% Senior Notes due 2030 (the “2030 Notes”) and $500,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “2050 Notes” and, together with the 2030 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On February 11, 2020, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 2.400% Senior Notes due 2030 (the “2030 Notes”) and $500,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “2050 Notes” and, together with the 2030 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On February 11, 2020, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 2.400% Senior Notes due 2030 (the “2030 Notes”) and $500,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “2050 Notes” and, together with the 2030 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On February 11, 2020, with respect to the offering and sale of $500,000,000 aggregate principal amount of its 2.400% Senior Notes due 2030 (the “2030 Notes”) and $500,000,000 aggregate principal amount of its 3.300% Senior Notes due 2050 (the “2050 Notes” and, together with the 2030 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).

5.650% Senior Notes due 2025

Note · Sysco Corporation

Reference: 5.650% Senior Notes due 2025

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 5.65% Reported 2021-12-07 Later filings may not restate these terms; this does not confirm they still apply.

Verified covenant terms

  • 2.9 · Change of Control Repurchase Event the Issuer will be required to make an irrevocable offer to each Holder of Notes to repurchase all or any part Springing Trigger: If a Change of Control Repurchase Event (as defined below) occurs Exceptions: unless the Issuer has exercised its right to redeem the Notes as described above or has defeased the Notes pursuant to Section 10.1 of the Original Indenture Defined terms:
    • Change of Control Repurchase Event: the occurrence of both a Change of Control and a Below Investment Grade Ratings Event for the Notes. Notwithstanding the foregoing, no Change of Control Repurchase Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated.
      Source evidence: “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Ratings Event for the Notes. Notwithstanding the foregoing, no Change of Control Repurchase Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated.
    2.9 Change of Control Repurchase Event.
    Full wording and supporting evidence
    Source evidence: 2.9 Change of Control Repurchase Event. If a Change of Control Repurchase Event (as defined below) occurs, unless the Issuer has exercised its right to redeem the Notes as described above or has defeased the Notes pursuant to Section 10.1 of the Original Indenture, the Issuer will be required to make an irrevocable offer to each Holder of Notes to repurchase all or any part (equal to or in excess of $2,000 and in integral multiples of $1,000 in excess thereof) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but not including, the date of repurchase.
    Target identity evidence: THIRTY-SIXTH SUPPLEMENTAL INDENTURE (this “Thirty-Sixth Supplemental Indenture”) dated as of the 2nd day of April, 2020, among SYSCO CORPORATION, a corporation organized and existing under the laws of the State of Delaware (the “Issuer”), the SUBSIDIARY GUARANTORS named on Schedule I hereto (each, a “Subsidiary Guarantor,” and collectively, the “Subsidiary Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”);
    Target identity evidence: 2.1 Title of the Securities. This Thirty-Sixth Supplemental Indenture hereby establishes a series of Securities designated as the “5.650% Senior Notes due 2025” of the Issuer (the “Notes”).
  • Events of Default · Events of Default are defined in the Indenture Events of Default are defined in the Indenture and generally include If an Event of Default with respect to the Notes shall occur and be continuing
    Full wording and supporting evidence
    Source evidence: Events of Default are defined in the Indenture and generally include: (i) default for 30 days in payment of any interest on the Notes; (ii) default in any payment of principal on any of the Notes when due and payable; (iii) failure on the part of the Issuer duly to observe or perform any of the covenants or agreements on the part of the Issuer in the Securities or in the Indenture which shall not have been remedied within 90 days after written notice by the Trustee or by the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of all series affected thereby; or (iv) certain events involving bankruptcy, insolvency or reorganization of the Issuer.
    Target identity evidence: THIRTY-SIXTH SUPPLEMENTAL INDENTURE (this “Thirty-Sixth Supplemental Indenture”) dated as of the 2nd day of April, 2020, among SYSCO CORPORATION, a corporation organized and existing under the laws of the State of Delaware (the “Issuer”)
    Target identity evidence: a series of Securities designated as the “5.650% Senior Notes due 2025” of the Issuer (the “Notes”)
    Target identity evidence: the Holders of the 5.650% Senior Notes due 2025 of the Issuer (the “Notes”)
Documents and filing history
  1. Redemption · 2021-12-14 Exact source document Parent 8-K filing · 2021-12-07
    The offering of the Notes is expected to close on December 14, 2021, subject to the satisfaction of customary closing conditions contained in the Underwriting Agreement. Sysco intends to use the net proceeds from the offering of the Notes, together with cash on hand, if necessary, to fund the redemption of all of Sysco’s outstanding 5.650% Senior Notes due 2025 (the “5.650% Notes”) and 3.550% Senior Notes due 2025 (the “3.550% Notes”). Any excess net proceeds will be used for general corporate purposes. The redemption price for the senior notes of each such series to be redeemed will be the principal amount of such senior notes plus a “make-whole” amount determined in accordance with the indenture governing such senior notes and accrued and unpaid interest to the applicable redemption date. The redemption date for the 5.650% Notes and the 3.550% Notes is December 14, 2021. The offering of the Notes is not conditioned upon the redemption of the 5.650% Notes or the 3.550% Notes, nor does the offering constitute notice of redemption under the Indenture. Sysco’s obligation to redeem the 5.650% Notes is conditioned on the consummation of the issuance of the Notes.
    Issuer evidence: On December 1, 2021, with respect to the offering and sale of $450,000,000 aggregate principal amount of its 2.450% Senior Notes due 2031 (the "2031 Notes") and $800,000,000 aggregate principal amount of its 3.150% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), Sysco Corporation ("Sysco") entered into an Underwriting Agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "Underwriters").
    Supporting evidence: Sysco intends to use the net proceeds from the offering of the Notes, together with cash on hand, if necessary, to fund the redemption of all of Sysco's outstanding 5.650% Senior Notes due 2025 (the "5.650% Notes") and 3.550% Senior Notes due 2025 (the "3.550% Notes").
    Supporting evidence: Sysco intends to use the net proceeds from the offering of the Notes, together with cash on hand, if necessary, to fund the redemption of all of Sysco's outstanding 5.650% Senior Notes due 2025 (the "5.650% Notes") and 3.550% Senior Notes due 2025 (the "3.550% Notes").
  2. Issuance · 2020-03-30 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2020-04-02
    On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).

5.950% Senior Notes due 2030

Note · Sysco Corporation

Reference: 5.950% Senior Notes due 2030

Active
Original principal
USD 1,250,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 5.95% Reported 2020-04-02 Later filings may not restate these terms; this does not confirm they still apply.

Verified covenant terms

  • 2.9 Change of Control Repurchase Event · Change of Control Repurchase Event the Issuer will be required to make an irrevocable offer to each Holder of Notes to repurchase all or any part Exceptions: unless the Issuer has exercised its right to redeem the Notes as described above or has defeased the Notes pursuant to Section 10.1 of the Original Indenture 2.9 Change of Control Repurchase Event.
    Full wording and supporting evidence
    Source evidence: 2.9 Change of Control Repurchase Event. If a Change of Control Repurchase Event (as defined below) occurs, unless the Issuer has exercised its right to redeem the Notes as described above or has defeased the Notes pursuant to Section 10.1 of the Original Indenture, the Issuer will be required to make an irrevocable offer to each Holder of Notes to repurchase all or any part (equal to or in excess of $2,000 and in integral multiples of $1,000 in excess thereof) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but not including, the date of repurchase.
    Target identity evidence: THIRTY-SEVENTH SUPPLEMENTAL INDENTURE (this “Thirty-Seventh Supplemental Indenture”) dated as of the 2nd day of April, 2020, among SYSCO CORPORATION, a corporation organized and existing under the laws of the State of Delaware (the “Issuer”), the SUBSIDIARY GUARANTORS named on Schedule I hereto (each, a “Subsidiary Guarantor,” and collectively, the “Subsidiary Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”);
    Target identity evidence: 2.1 Title of the Securities. This Thirty-Seventh Supplemental Indenture hereby establishes a series of Securities designated as the “5.950% Senior Notes due 2030” of the Issuer (the “Notes”).
Documents and filing history
  1. Issuance · 2020-03-30 Original principal USD 1,250,000,000 Exact source document Parent 8-K filing · 2020-04-02
    On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).

6.600% Senior Notes due 2040

Note · Sysco Corporation

Reference: 6.600% Senior Notes due 2040

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 6.6% Reported 2020-04-02 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2020-03-30 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2020-04-02
    On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).

6.600% Senior Notes due 2050

Note · Sysco Corporation

Reference: 6.600% Senior Notes due 2050

Active
Original principal
USD 1,250,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 6.6% Reported 2020-04-02 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2020-03-30 Original principal USD 1,250,000,000 Exact source document Parent 8-K filing · 2020-04-02
    On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Issuer evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).
    Supporting evidence: On March 30, 2020, with respect to the offering and sale of $750,000,000 aggregate principal amount of its 5.650% Senior Notes due 2025 (the “2025 Notes”), $1,250,000,000 aggregate principal amount of its 5.950% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of its 6.600% Senior Notes due 2040 (the “2040 Notes”) and $1,250,000,000 aggregate principal amount of its 6.600% Senior Notes due 2050 (the “2050 Notes” and, together with the 2025 Notes, the 2030 Notes and the 2040 Notes, the “Notes”), Sysco Corporation (“Sysco”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as representatives of the several underwriters listed in Schedule II thereto (the “Underwriters”).

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
0.60×
Food Distribution median 0.19×
EV/EBIT
16.52×
Food Distribution median 13.22×
P/E (TTM)
22.46×
Food Distribution median 33.64×
EV/Adj. EBITDA (FY2026)
11.65×

EV/Adj. EBITDA uses the company-stated “EBITDA adjusted for Certain Items (Non-GAAP)”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

EV/Adj. EBITDA uses the company-stated “EBITDA adjusted for Certain Items (Non-GAAP)”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
U.S. Foodservice Operations $58,803,000,000 $56,965,000,000 $55,339,000,000 $53,683,000,000 $48,521,000,000 $35,724,843,000 $36,774,146,000 $41,288,188,000
International Foodservice Operations $16,042,000,000 $14,905,000,000 $14,561,000,000 $13,560,000,000 $11,787,000,000 $8,350,638,000 $9,672,190,000 $11,493,040,000
Sygma Segment $8,623,000,000 $8,410,000,000 $7,768,000,000 $7,843,000,000 $7,246,000,000 $6,498,601,000 $5,555,926,000 $6,244,328,000
All Other Segments $1,085,000,000 $1,090,000,000 $1,176,000,000 $1,239,000,000 $1,082,000,000 $723,761,000 $891,048,000 $1,088,366,000

By Geography (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
United States $68,108,000,000 $66,073,000,000 $63,931,000,000 $62,404,000,000 $56,511,000,000 $42,610,406,000 $42,803,700,000 $48,257,385,000
Canada $6,513,000,000 $6,113,000,000 $5,993,000,000 $5,828,000,000 $5,094,000,000 $3,906,722,000 $4,105,236,000 $4,660,030,000
United Kingdom $4,487,000,000 $4,081,000,000 $3,760,000,000 $3,340,000,000 $2,859,000,000 $1,706,851,000 $2,481,712,000 $3,133,793,000
Other Geographic Areas $2,516,000,000 $2,488,000,000 $2,612,000,000 $3,162,000,000 $2,759,000,000 $1,975,996,000 $2,279,920,000 $2,481,051,000
France $1,897,000,000 $1,714,000,000 $1,712,000,000 $1,591,000,000 $1,413,000,000 $1,097,868,000 $1,222,742,000 $1,581,663,000
Sweden $1,032,000,000 $901,000,000 $836,000,000 — — — — —

By Product & Service (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Fresh And Frozen Meats1 $17,103,000,000 $15,186,000,000 $14,295,000,000 $13,490,000,000 $13,270,000,000 $9,932,295,000 $10,125,390,000 $11,570,425,000
Canned And Dry Products1 $15,030,000,000 $14,645,000,000 $14,902,000,000 $14,352,000,000 $11,963,000,000 $8,147,229,000 $8,666,054,000 $9,941,250,000
Frozen Fruits Vegetables Bakery And Other1 $12,684,000,000 $12,287,000,000 $12,061,000,000 $11,365,000,000 $9,650,000,000 $7,515,335,000 $7,831,126,000 $8,977,965,000
Dairy Products1 $8,289,000,000 $8,686,000,000 $8,031,000,000 $8,209,000,000 $6,760,000,000 $5,057,313,000 $5,452,951,000 $6,113,717,000
Poultry1 $7,907,000,000 $8,136,000,000 $7,686,000,000 $7,752,000,000 $7,691,000,000 $5,549,804,000 $5,243,168,000 $5,847,527,000
Fresh Produce1 $6,960,000,000 $6,632,000,000 $6,825,000,000 $6,681,000,000 $5,712,000,000 $3,998,542,000 $4,496,022,000 $5,065,933,000
Paper And Disposables1 $5,627,000,000 $5,495,000,000 $5,386,000,000 $5,442,000,000 $5,086,000,000 $4,285,789,000 $3,656,462,000 $3,960,269,000
Beverage Products1 $3,208,000,000 $2,986,000,000 $2,792,000,000 $2,558,000,000 $2,159,000,000 $1,766,808,000 $1,962,787,000 $2,309,194,000
Seafood1 $3,062,000,000 $2,779,000,000 $2,821,000,000 $3,023,000,000 $3,214,000,000 $2,581,800,000 $2,695,469,000 $3,381,973,000
Other Products $2,767,000,000 $2,649,000,000 $2,500,000,000 $2,396,000,000 $2,119,000,000 $2,462,928,000 $2,763,881,000 $2,945,669,000
Equipment and Smallwares $1,916,000,000 $1,889,000,000 $1,545,000,000 $1,057,000,000 $1,012,000,000 — — —

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
U.S. Foodservice Operations $3,518,000,000 $3,516,000,000 $3,673,000,000 $3,587,000,000 $3,181,000,000 $2,468,127,000 $2,003,159,000 $2,991,794,000
International Foodservice Operations $463,000,000 $437,000,000 $375,000,000 $314,000,000 $100,000,000 -$240,416,000 -$371,407,000 $125,443,000
Sygma Segment $94,000,000 $81,000,000 $72,000,000 $56,000,000 -$3,000,000 $52,620,000 $36,880,000 $27,780,000
All Other Segments $30,000,000 -$73,000,000 $40,000,000 $57,000,000 $17,000,000 -$428,000 -$21,361,000 $35,848,000

Operating Margin by Segment (%)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
U.S. Foodservice Operations 6% 6.2% 6.6% 6.7% 6.6% 6.9% 5.4% 7.2%
International Foodservice Operations 2.9% 2.9% 2.6% 2.3% 0.8% -2.9% -3.8% 1.1%
Sygma Segment 1.1% 1% 0.9% 0.7% 0% 0.8% 0.7% 0.4%
All Other Segments 2.8% -6.7% 3.4% 4.6% 1.6% -0.1% -2.4% 3.3%
Key facts CIK 96021 CUSIP 871829107 13F (30d) 262 filings 238 filers Visit website Investor relations