Performance Food (PFGC) 10-Q 7 Nov 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 29, 2018	Nov. 01, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 29, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Trading Symbol	PFGC
Entity Registrant Name	Performance Food Group Company
Entity Central Index Key	1,618,673
Current Fiscal Year End Date	--06-29
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		105,160,304

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Current assets:
Cash	$ 8.6	$ 7.5
Accounts receivable, less allowances of $22.0 and $19.3	1,068.8	1,065.6
Inventories, net	1,115.5	1,051.9
Prepaid expenses and other current assets	70.2	78.5
Total current assets	2,263.1	2,203.5
Goodwill	746.6	740.5
Other intangible assets, net	197.8	193.8
Property, plant and equipment, net	809.4	795.5
Restricted cash	10.5	10.3
Other assets	59.5	57.3
Total assets	4,086.9	4,000.9
Current liabilities:
Outstanding checks in excess of deposits	184.4	260.8
Trade accounts payable	1,042.3	973
Accrued expenses and other current liabilities	238.4	227.8
Capital lease obligations—current installments	9.6	8.4
Total current liabilities	1,474.7	1,470
Long-term debt	1,159.8	1,123
Deferred income tax liability, net	103.5	106.3
Capital lease obligations, excluding current installments	64.2	52.8
Other long-term liabilities	119.4	113.5
Total liabilities	2,921.6	2,865.6
Commitments and contingencies (Note 10)
Shareholders’ equity:
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 103.6 million shares issued and outstanding as of September 29, 2018; 1.0 billion shares authorized, 103.2 million shares issued and outstanding as of June 30, 2018	1	1
Additional paid-in capital	862.7	861.2
Accumulated other comprehensive income, net of tax expense of $3.0 and $2.9	9.5	8.3
Retained earnings	292.1	264.8
Total shareholders’ equity	1,165.3	1,135.3
Total liabilities and shareholders’ equity	$ 4,086.9	$ 4,000.9

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Statement Of Financial Position [Abstract]
Accounts receivable, allowances	$ 22	$ 19.3
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	103,600,000	103,200,000
Common stock, shares outstanding	103,600,000	103,200,000
Accumulated other comprehensive income, tax expense	$ 3	$ 2.9

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Income Statement [Abstract]
Net sales	$ 4,539.7	$ 4,364.9
Cost of goods sold	3,946.1	3,810.2
Gross profit	593.6	554.7
Operating expenses	543	504.2
Operating profit	50.6	50.5
Other expense, net:
Interest expense	15.6	14.6
Other, net	(0.2)	(0.3)
Other expense, net	15.4	14.3
Income before taxes	35.2	36.2
Income tax expense	7	13.6
Net income	$ 28.2	$ 22.6
Weighted-average common shares outstanding:
Basic	103.5	100.9
Diluted	105.1	103.9
Earnings per common share:
Basic	$ 0.27	$ 0.22
Diluted	$ 0.27	$ 0.22

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 28.2	$ 22.6
Interest rate swaps:
Change in fair value, net of tax	0.8
Reclassification adjustment, net of tax	(0.5)
Other comprehensive income (loss)	0.3
Total comprehensive income	$ 28.5	$ 22.6

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions		Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income [Member]	Retained Earnings [Member]
Balance Beginning at Jul. 01, 2017		$ 925.5	$ 1	$ 855.5	$ 2.4	$ 66.6
Balance Beginning, shares at Jul. 01, 2017			100.8
Issuance of common stock under stock-based compensation plans		(2.1)		(2.1)
Issuance of common stock under stock-based compensation plans, shares			0.2
Net income		22.6				22.6
Stock-based compensation expense		3.4		3.4
Balance Ending at Sep. 30, 2017		949.4	$ 1	856.8	2.4	89.2
Balance Ending, shares at Sep. 30, 2017			101
Balance Beginning at Jun. 30, 2018		$ 1,135.3	$ 1	861.2	8.3	264.8
Balance Beginning, shares at Jun. 30, 2018		103,200,000	103.2
Issuance of common stock under stock-based compensation plans		$ (2.3)		(2.3)
Issuance of common stock under stock-based compensation plans, shares			0.4
Net income		28.2				28.2
Interest rate swaps		0.3			0.3
Stock-based compensation expense		3.8		3.8
Change in accounting principle	[1]				0.9	(0.9)
Balance Ending at Sep. 29, 2018		$ 1,165.3	$ 1	$ 862.7	$ 9.5	$ 292.1
Balance Ending, shares at Sep. 29, 2018		103,600,000	103.6
[1]	As of the beginning of fiscal 2019, the Company elected to early adopt the provisions of ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. Refer to Note 3 for further discussion.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income	$ 28.2	$ 22.6
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	26.9	24.8
Amortization of intangible assets	8.6	6.6
Amortization of deferred financing costs and other	1.2	1.2
Provision for losses on accounts receivables	3.5	2.8
Stock compensation expense	3.8	3.4
Deferred income tax benefit	(2.9)	(2.7)
Change in fair value of derivative assets and liabilities	0.1	(0.1)
Other	(0.6)	(0.8)
Changes in operating assets and liabilities, net
Accounts receivable	1.7	(20.1)
Inventories	(54)	(5)
Prepaid expenses and other assets	7.5	4.5
Trade accounts payable	66.4	(7.6)
Outstanding checks in excess of deposits	(76.4)	(13.2)
Accrued expenses and other liabilities	18.3	(0.4)
Net cash provided by operating activities	32.3	16
Cash flows from investing activities:
Purchases of property, plant and equipment	(25)	(16.5)
Net cash paid for acquisitions	(31.5)	(63.2)
Proceeds from sale of property, plant and equipment	0.2	0.1
Net cash used in investing activities	(56.3)	(79.6)
Cash flows from financing activities:
Net borrowings under ABL Facility	36.5	66.6
Payments on financed property, plant and equipment	(3.4)	(0.1)
Cash paid for acquisitions	(3.1)	(0.6)
Payments under capital lease obligations	(2.4)	(1.5)
Proceeds from exercise of stock options	2.6	0.2
Cash paid for shares withheld to cover taxes	(4.9)	(1.1)
Other		(1.1)
Net cash provided by financing activities	25.3	62.4
Net increase (decrease) in cash and restricted cash	1.3	(1.2)
Cash and restricted cash, beginning of period	17.8	21
Cash and restricted cash, end of period	19.1	19.8
Debt assumed through capital lease obligations	15	0.8
Purchases of property, plant and equipment, financed	2.2	2.8
Interest	10.6	8.9
Income taxes, net of refunds	$ 0.2	$ 1.3

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Reconciliation) - USD ($) $ in Millions		Sep. 29, 2018	Jun. 30, 2018
Statement Of Cash Flows [Abstract]
Cash		$ 8.6	$ 7.5
Restricted cash	[1]	10.5	10.3
Total cash and restricted cash		$ 19.1	$ 17.8
[1]	Restricted cash represents the amounts required by insurers to collateralize a part of the deductibles for the Company’s workers’ compensation and liability claims.

Summary of Business Activities

Summary of Business Activities	3 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Summary of Business Activities	1. Summary of Business Activities Business Overview Performance Food Group Company, through its subsidiaries, markets and distributes national and company-branded food and food-related products to customer locations across the United States. The Company serves both of the major customer types in the restaurant industry: (i) independent customers, and (ii) multi-unit, or “Chain” customers, which include regional and national family and casual dining restaurant chains, fast casual chains, and quick-service restaurants. The Company also serves schools, healthcare facilities, business and industry locations, and other institutional customers.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Basis of Presentation	2. Basis of Presentation The consolidated financial statements have been prepared by the Company, without audit, with the exception of the June 30, 2018 consolidated balance sheet, which was derived from the audited consolidated financial statements included in the Form 10-K. The financial statements include consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive income, consolidated statements of shareholders’ equity, and consolidated statements of cash flows. In the opinion of management, all adjustments, which consist of normal recurring adjustments, except as otherwise disclosed, necessary to present fairly the financial position, results of operations, comprehensive income, shareholders’ equity, and cash flows for all periods presented have been made. The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates used by management are related to the accounting for the allowance for doubtful accounts, reserve for inventories, impairment testing of goodwill and other intangible assets, acquisition accounting, reserves for claims and recoveries under insurance programs, vendor rebates and other promotional incentives, bonus accruals, depreciation, amortization, determination of useful lives of tangible and intangible assets, and income taxes. Actual results could differ from these estimates. The results of operations are not necessarily indicative of the results to be expected for the full fiscal year. Therefore, these financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Form 10-K. Certain footnote disclosures included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to applicable rules and regulations for interim financial statements.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Sep. 29, 2018
Accounting Changes And Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	3. Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. Recently Issued Accounting Pronouncements Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) Leases (Topic 842): Targeted Improvements In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. In August 2018, the FASB issued , Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract

Revenue Recognition

Revenue Recognition	3 Months Ended
	Sep. 29, 2018
Revenue From Contract With Customer [Abstract]
Revenue Recognition	4. Revenue Recognition The Company markets and distributes national and company-branded food and food-related products to customer locations across the United States. The Foodservice segment supplies a “broad line” of products to its customers, including the Company’s performance brands and custom-cut meats and seafood, as well as products that are specific to each customer’s menu requirements. Vistar distributes candy, snacks and beverages to various customer channels. The Company disaggregates revenue by product offerings and determined that disaggregating revenue at the segment level achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Refer to Note 13. Segment Information for external revenue by reportable segment. The Company assesses the products and services promised in its contracts with customers and identifies a performance obligation for each promise to transfer to the customer a product or service (or a bundle of products or services) that is distinct. The Company determined that fulfilling and delivering customer orders constitutes a single performance obligation. Revenue is recognized at the point in time when the Company has satisfied its performance obligation and the customer has obtained control of the products. The Company determined that the customer is able to direct the use of, and obtain substantially all of the benefits from, the products at the time the products are delivered to the customer’s requested destination. The Company considers control to have transferred upon delivery because the Company has a present right to payment at this time, the customer has legal title to the products, the Company has transferred physical possession of the assets, and the customer has significant risks and rewards of ownership of the products. The transaction price recognized is the invoiced price, adjusted for any incentives, such as rebates and discounts granted to the customer. The Company estimates expected returns based on an analysis of historical experience. We adjust our estimate of revenue at the earlier of when the amount of consideration we expect to receive changes or when the consideration becomes fixed. The Company has made a policy election to exclude sales tax from the transaction price. The Company does not have any material significant payment terms as payment is received shortly after the point of sale. The Company recognizes substantially all of its revenue on a gross basis as a principal. When assessing whether the Company is acting as a principal or an agent, the Company considered the indicators that an entity controls the specified good or service before it is transferred to the customer detailed in ASC 606-10-55-39. The Company believes it earns substantially all revenue as a principal from the sale of products because the Company is responsible for the fulfillment and acceptability of products purchased. Additionally, the Company holds the general inventory risk for the products, as it takes title to the products before the products are ordered by customers and maintains products in inventory.

Business Combinations

Business Combinations	3 Months Ended
	Sep. 29, 2018
Business Combinations [Abstract]
Business Combinations	5 . Business Combinations During the first quarter of fiscal 2019, the Company paid cash of $31.5 million for an acquisition and during the first quarter of fiscal 2018, the Company paid cash of $63.4 million for an acquisition. These acquisitions did not materially affect the Company’s results of operations. The following table summarizes the preliminary purchase price allocation for each major class of assets acquired and liabilities assumed for the fiscal 2019 acquisition. (In millions) Fiscal 2019 Net working capital $ 10.6 Goodwill 6.3 Other intangible assets 13.5 Property, plant and equipment 1.1 Total purchase price $ 31.5 Subsequent to September 29, 2018, the Company paid $24.9 million for an acquisition. The Company is in the process of determining the fair values of the assets acquired and liabilities assumed.

Debt

Debt	3 Months Ended
	Sep. 29, 2018
Debt Disclosure [Abstract]
Debt	6 . Debt The Company is a holding company and conducts its operations through its subsidiaries, which have incurred or guaranteed indebtedness as described below. Debt consisted of the following: (In millions) As of September 29, 2018 As of June 30, 2018 ABL $ 816.6 $ 780.1 5.500% Notes due 2024 350.0 350.0 Less: Original issue discount and deferred financing costs (6.8 ) (7.1 ) Long-term debt 1,159.8 1,123.0 Capital and finance lease obligations 73.8 61.2 Total debt 1,233.6 1,184.2 Less: current installments (9.6 ) (8.4 ) Total debt, excluding current installments $ 1,224.0 $ 1,175.8 ABL Facility PFGC, Inc. (“PFGC”), a wholly-owned subsidiary of the Company, is a party to the Second Amended and Restated Credit Agreement dated February 1, 2016, as amended by the First Amendment to Second Amended and Restated Credit Agreement dated August 3, 2017 (the “ABL Facility”). The ABL Facility has an aggregate principal amount of $1.95 billion and matures February 2021. The ABL Facility is secured by the majority of the tangible assets of PFGC and its subsidiaries. Performance Food Group, Inc., a wholly-owned subsidiary of PFGC, is the lead borrower under the ABL Facility, which is jointly and severally guaranteed by PFGC and all material domestic direct and indirect wholly-owned subsidiaries of PFGC (other than captive insurance subsidiaries and other excluded subsidiaries). Borrowings under the ABL Facility bear interest, at Performance Food Group, Inc.’s option, at (a) the Base Rate (defined as the greater of (i) the Federal Funds Rate in effect on such date plus 0.5%, (ii) the Prime Rate on such day, or (iii) one month LIBOR plus 1.0%) plus a spread or (b) LIBOR plus a spread. The ABL Facility also provides for an unused commitment fee ranging from 0.25% to 0.375%. The following table summarizes outstanding borrowings, availability, and the average interest rate under the ABL Facility: (Dollars in millions) As of September 29, 2018 As of June 30, 2018 Aggregate borrowings $ 816.6 $ 780.1 Letters of credit under ABL Facility 83.3 121.3 Excess availability, net of lenders’ reserves of $12.4 and $12.1 891.0 854.2 Average interest rate 3.67 % 3.52 % Senior Notes On May 17, 2016, Performance Food Group, Inc. issued and sold $350.0 million aggregate principal amount of its 5.500% Senior Notes due 2024 (the “Notes”). The Notes are jointly and severally guaranteed on a senior unsecured basis by PFGC and all domestic direct and indirect wholly-owned subsidiaries of PFGC (other than captive insurance subsidiaries and other excluded subsidiaries). The Notes are not guaranteed by Performance Food Group Company. Letters of Credit Facility On August 9, 2018, Performance Food Group, Inc. and PFGC entered into a Continuing Agreement for Letters of Credit (the “Letters of Credit Facility”). The Letters of Credit Facility is an uncommitted facility that provides for the issuance of letters of credit in an aggregate amount not to exceed $40.0 million. Each letter of credit shall have a term not to exceed one year; however, a letter of credit may renew automatically in accordance with its terms. A fee equal to 2.5% per annum on the average daily amount available to be drawn on each day under each outstanding letter of credit is payable quarterly. As of September 29, 2018, the Company has $30.7 million letters of credit outstanding under the Letters of Credit Facility.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
	Sep. 29, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	7 . Derivatives and Hedging Activities Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates and diesel fuel costs. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and payments related to the Company’s borrowings and diesel fuel purchases. The effective portion of changes in the fair value of derivatives that are both designated and qualify as cash flow hedges is recorded in other comprehensive income and subsequently reclassified into earnings in the period that the hedged transaction occurs. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. Since the Company has a substantial portion of its debt in variable-rate instruments, it accomplishes this objective with interest rate swaps. These swaps are designated as cash flow hedges and involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. All of the Company’s interest rate swaps are designated and qualify as cash flow hedges. As of September 29, 2018, Performance Food Group, Inc. had seven interest rate swaps with a combined $450.0 million notional amount. The following table summarizes the outstanding Swap Agreements as of September 29, 2018 (in millions): Effective Date Maturity Date Notional Amount Fixed Rate Swapped June 30, 2017 June 30, 2019 50.0 1.13 % June 30, 2017 June 30, 2020 50.0 1.23 % June 30, 2017 June 30, 2020 50.0 1.25 % June 30, 2017 June 30, 2020 50.0 1.26 % August 9, 2018 August 9, 2021 75.0 1.21 % August 9, 2018 August 9, 2021 75.0 1.20 % June 30, 2020 December 31, 2021 100.0 2.16 % Hedges of Forecasted Diesel Fuel Purchases From time to time, Performance Food Group, Inc. enters into costless collar arrangements to manage its exposure to variability in cash flows expected to be paid for its forecasted purchases of diesel fuel. As of September 29, 2018, Performance Food Group, Inc. was a party to four such arrangements, with an aggregate 6.0 million gallon original notional amount, of which an aggregate 3.8 million gallon notional amount was remaining. The remaining 3.8 million gallon forecasted purchases of diesel fuel are expected to be made between October 1, 2018 and June 30, 2019. The fuel collar instruments do not qualify for hedge accounting. Accordingly, the derivative instruments are recorded as an asset or liability on the balance sheet at fair value and any changes in fair value are recorded in the period of change as unrealized gains or losses on fuel hedging instruments and included in Other, net, in the accompanying consolidated statements of operations.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 29, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	8 . Fair Value of Financial Instruments The carrying values of cash, accounts receivable, outstanding checks in excess of deposits, trade accounts payable, and accrued expenses approximate their fair values because of the relatively short maturities of those instruments. The derivative assets and liabilities are recorded at fair value on the balance sheet. The fair value of long-term debt, which has a carrying value of $1,159.8 million and $1,123.0 million, is $1,164.6 million and $1,126.7 million at September 29, 2018 and June 30, 2018, respectively, and is determined by reviewing current market pricing related to comparable debt issued at the time of the balance sheet date, and is considered a Level 2 measurement.

Income Taxes

Income Taxes	3 Months Ended
	Sep. 29, 2018
Income Tax Disclosure [Abstract]
Income Taxes	9 . Income Taxes The determination of the Company’s overall effective tax rate requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws. The effective tax rate reflects the income earned and taxed in various United States federal and state jurisdictions. Tax law changes, increases and decreases in temporary and permanent differences between book and tax items, tax credits, and the Company’s change in income in each jurisdiction all affect the overall effective tax rate. It is the Company’s practice to recognize interest and penalties related to uncertain tax positions in income tax expense. On December 22, 2017, H.R.1, known as the “Tax Cuts and Jobs Act,” (the “Act”), was signed into law. The Act makes broad and complex changes to the U.S. Internal Revenue Code including, but not limited to: reducing the U.S. federal corporate tax rate from 35% to 21%; creating a new limitation on deductible interest expense; repealing the domestic production activity deduction; providing for bonus depreciation that will allow for full expensing of certain qualified property; and limiting other deductions. The Company’s effective tax rate was 20.0% for the three months ended September 29, 2018 and 37.5% for the three months ended September 30, 2017. The effective tax rate varied from the 21% statutory rate primarily due to state taxes, federal credits and other permanent items. The excess tax benefit of exercised and vested stock awards is treated as a discrete item. As of September 29, 2018 and June 30, 2018, the Company had net deferred tax assets of $29.2 million and $29.2 million, respectively, and deferred tax liabilities of $132.7 million and $135.5 million, respectively. The Company believes that it is more likely than not that the remaining deferred tax assets will be realized. The Company records a liability for Uncertain Tax Positions in accordance with FASB ASC 740-10-25, Income Taxes – General – Recognition

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 29, 2018
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	10 . Commitments and Contingencies Purchase Obligations The Company had outstanding contracts and purchase orders for capital projects and services totaling $30.4 million at September 29, 2018. Amounts due under these contracts were not included on the Company’s consolidated balance sheet as of September 29, 2018. Guarantees Subsidiaries of the Company have entered into numerous operating leases, including leases of buildings, equipment, tractors, and trailers. Certain of the leases for tractors, trailers, and other vehicles and equipment provide for residual value guarantees to the lessors. Circumstances that would require the subsidiary to perform under the guarantees include either (1) default on the leases with the leased assets being sold for less than the specified residual values in the lease agreements, or (2) decisions not to purchase the assets at the end of the lease terms combined with the sale of the assets, with sales proceeds less than the residual value of the leased assets specified in the lease agreements. Residual value guarantees under these operating lease agreements typically range between 7% and 20% of the value of the leased assets at inception of the lease. These leases have original terms ranging from 4 to 8 years and expiration dates ranging from 2018 to 2025. As of September 29, 2018, the undiscounted maximum amount of potential future payments for lease guarantees totaled approximately $25.9 million, which would be mitigated by the fair value of the leased assets at lease expiration. The Company from time to time enters into certain types of contracts that contingently require it to indemnify various parties against claims from third parties. These contracts primarily relate to: (i) certain real estate leases under which subsidiaries of the Company may be required to indemnify property owners for environmental and other liabilities and other claims arising from their use of the applicable premises; (ii) certain agreements with the Company’s officers, directors, and employees under which the Company Generally, a maximum obligation under these contracts is not explicitly stated. Because the obligated amounts associated with these types of agreements are not explicitly stated, the overall maximum amount of the obligation cannot be reasonably estimated. Historically, the Company has not been required to make payments under these obligations and, therefore, no liabilities have been recorded for these obligations in the Company’s consolidated balance sheets. Litigation The Company is engaged in various legal proceedings that have arisen but have not been fully adjudicated. The likelihood of loss arising from these legal proceedings, based on definitions within contingency accounting literature, ranges from remote to reasonably possible to probable. When losses are probable and reasonably estimable, they have been accrued. Based on estimates of the range of potential losses associated with these matters, management does not believe that the ultimate resolution of these proceedings, either individually or in the aggregate, will have a material adverse effect upon the consolidated financial position or results of operations of the Company. However, the final results of legal proceedings cannot be predicted with certainty and, if the Company failed to prevail in one or more of these legal matters, and the associated realized losses were to exceed the Company’s current estimates of the range of potential losses, the Company’s consolidated financial position or results of operations could be materially adversely affected in future periods. U.S. Equal Employment Opportunity Commission Lawsuit . In March 2009, the Baltimore Equal Employment Opportunity Commission (“EEOC”) Field Office served us with company-wide (excluding, however, our Vistar and Roma Foodservice operations) subpoenas relating to alleged violations of the Equal Pay Act and Title VII of the Civil Rights Act (“Title VII”), seeking certain information from January 1, 2004 to a specified date in the first fiscal quarter of 2009. In August 2009, the EEOC moved to enforce the subpoenas in federal court in Maryland, and we opposed the motion. In February 2010, the court ruled that the subpoena related to the Equal Pay Act investigation was enforceable company-wide but on a narrower scope of data than the original subpoena sought (the court ruled that the subpoena was applicable to the transportation, logistics, and warehouse functions of our broadline distribution centers only). We cooperated with the EEOC on the production of information. In September 2011, the EEOC notified us that the EEOC was terminating the investigation into alleged violations of the Equal Pay Act. In determinations issued in September 2012 by the EEOC with respect to the charges on which the EEOC had based its company-wide investigation, the EEOC concluded that we engaged in a pattern of denying hiring and promotion to a class of female applicants and employees into certain positions within the transportation, logistics, and warehouse functions within our broadline division in violation of Title VII. In June 2013, the EEOC filed suit in federal court in Baltimore against us. The litigation concerns two issues: (1) whether we unlawfully engaged in an ongoing pattern and practice of failing to hire female applicants into operations positions; and (2) whether we unlawfully failed to promote one of the three individuals who filed charges with the EEOC because of her gender. The EEOC seeks the following relief in the lawsuit: (1) to permanently enjoin us from denying employment to female applicants because of their sex and denying promotions to female employees because of their sex; (2) a court order mandating that we institute and carry out policies, procedures, practices and programs which provide equal employment opportunities for females; (3) back pay with prejudgment interest and compensatory damages for a former female employee and an alleged class of aggrieved female applicants; (4) punitive damages; and (5) costs. The court bifurcated the litigation into two phases. In the first phase, the jury will decide whether we engaged in a gender-based pattern and practice of discrimination and the individual claims of one former employee. If the EEOC prevails on all counts in the first phase, no monetary relief would be awarded, except possibly for the single individual’s claims, which would be immaterial. The remaining individual claims would then be tried in the second phase. At this stage in the proceedings, the Company cannot estimate either the number of individual trials that could occur in the second phase of the litigation or the value of those claims. For these reasons, we are unable to estimate any potential loss or range of loss in the event of an adverse finding in the first and second phases of the litigation. In May 2018, the EEOC filed motions for sanctions against us alleging that we failed to preserve certain paper employment applications and e-mails during 2004 – 2009. In the sanctions motions, the EEOC seeks a range of remedies, including but not limited to, a default judgment against us, or alternatively, an order barring us from filing for summary judgment on the EEOC’s pattern and practice claims. We opposed the motions and will continue to vigorously defend ourselves. Tax Liabilities The Company is subject to customary audits by authorities in the jurisdictions where it conducts business in the United States, which may result in assessments of additional taxes.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Sep. 29, 2018
Related Party Transactions [Abstract]
Related-Party Transactions	1 1 . Related-Party Transactions The Company participates in and has an equity method investment in a purchasing alliance that was formed to obtain better pricing, to expand product options, to reduce internal costs, and to achieve greater inventory turnover. The Company’s investment in the purchasing alliance was $5.1 million as of September 29, 2018 and $4.3 million as of June 30, 2018. For the three-month periods ended September 29, 2018 and September 30, 2017, the Company recorded purchases of $226.9 million and $212.8 million, respectively, through the purchasing alliance.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 29, 2018
Earnings Per Share [Abstract]
Earnings Per Share	1 2 . Earnings Per Share Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted EPS is calculated using the weighted-average number of common shares and dilutive potential common shares outstanding during the period. In computing diluted EPS, the average closing stock price for the period is used in determining the number of shares assumed to be purchased with the proceeds from the exercise of stock options under the treasury stock method. Potential common shares of 0.5 million for the three months ended September 29, 2018 and 1.2 million for the three months ended September 30, 2017 were not included in computing diluted earnings per share because the effect would have been antidilutive. A reconciliation of the numerators and denominators for the basic and diluted EPS computations is as follows: (In millions, except per share amounts) Three months ended September 29, 2018 Three months ended September 30, 2017 Numerator: Net Income $ 28.2 $ 22.6 Denominator: Weighted-average common shares outstanding 103.5 100.9 Dilutive effect of share-based awards 1.6 3.0 Weighted-average dilutive shares outstanding 105.1 103.9 Basic earnings per share $ 0.27 $ 0.22 Diluted earnings per share $ 0.27 $ 0.22

Segment Information

Segment Information	3 Months Ended
	Sep. 29, 2018
Segment Reporting [Abstract]
Segment Information	1 3 . Segment Information In the first quarter of fiscal 2019, the Company changed its operating segments to reflect the manner in which the chief operating decision maker (“CODM”) manages the business. Based on changes to the Company’s organization structure and how the Company’s CODM reviews operating results and makes decisions about resource allocation, the Company now has two reportable segments: Foodservice and Vistar. Additionally, consistent with how the Company’s CODM assesses performance of the segments, certain administrative costs and corporate allocations, previously reported at the segment level, are now included within Corporate & All Other, as opposed to the Foodservice segment. The Foodservice segment markets and distributes food and food-related products to independent restaurants, chain restaurants, and other institutional “food-away-from-home” locations. Foodservice offers a “broad line” of products, including custom-cut meat and seafood, as well as products that are specific to our customer’s menu requirements. The Vistar segment distributes candy, snack, beverage, and other products to customers in the vending, office coffee services, theater, retail and other channels. Intersegment sales represent sales between the segments, which are eliminated in consolidation. Management evaluates the performance of each operating segment based on various operating and financial metrics, including total sales and EBITDA. Corporate & All Other is comprised of corporate overhead and certain operations that are not considered separate reportable segments based on their size. This includes the operations of the Company’s internal logistics unit responsible for managing and allocating inbound logistics revenue and expense. The presentation and amounts for the three months ended September 30, 2017 and as of June 30, 2018 have been adjusted to reflect the segment changes described above. (In millions) Foodservice Vistar Corporate & All Other Eliminations Consolidated For the three months ended September 29, 2018 Net external sales $ 3,643.3 $ 891.8 $ 4.6 $ — $ 4,539.7 Inter-segment sales 2.7 0.8 65.2 (68.7 ) — Total sales 3,646.0 892.6 69.8 (68.7 ) 4,539.7 Depreciation and amortization 20.9 8.9 5.7 — 35.5 Capital expenditures 16.8 2.7 5.5 — 25.0 For the three months ended September 30, 2017 Net external sales $ 3,564.2 $ 796.2 $ 4.5 $ — $ 4,364.9 Inter-segment sales 2.2 0.6 57.8 (60.6 ) — Total sales 3,566.4 796.8 62.3 (60.6 ) 4,364.9 Depreciation and amortization 18.8 6.3 6.3 — 31.4 Capital expenditures 12.2 0.3 4.0 — 16.5 EBITDA for each reportable segment and Corporate & All Other is presented below along with a reconciliation to consolidated income before taxes. Three Months Ended September 29, 2018 September 30, 2017 Foodservice EBITDA $ 92.0 $ 97.2 Vistar EBITDA 31.6 25.8 Corporate & All Other EBITDA (37.3 ) (40.8 ) Depreciation and amortization (35.5 ) (31.4 ) Interest expense (15.6 ) (14.6 ) Income before taxes $ 35.2 $ 36.2 Total assets by reportable segment, excluding intercompany receivables between segments, are as follows: (In millions) As of September 29, 2018 As of June 30, 2018 Foodservice $ 3,037.5 $ 2,996.3 Vistar 793.7 739.0 Corporate & All Other 255.7 265.6 Total assets $ 4,086.9 $ 4,000.9

Summary of Significant Accounti

Summary of Significant Accounting Policies and Estimates (Policies)	3 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Revenue Recognition	4. Revenue Recognition The Company markets and distributes national and company-branded food and food-related products to customer locations across the United States. The Foodservice segment supplies a “broad line” of products to its customers, including the Company’s performance brands and custom-cut meats and seafood, as well as products that are specific to each customer’s menu requirements. Vistar distributes candy, snacks and beverages to various customer channels. The Company disaggregates revenue by product offerings and determined that disaggregating revenue at the segment level achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Refer to Note 13. Segment Information for external revenue by reportable segment. The Company assesses the products and services promised in its contracts with customers and identifies a performance obligation for each promise to transfer to the customer a product or service (or a bundle of products or services) that is distinct. The Company determined that fulfilling and delivering customer orders constitutes a single performance obligation. Revenue is recognized at the point in time when the Company has satisfied its performance obligation and the customer has obtained control of the products. The Company determined that the customer is able to direct the use of, and obtain substantially all of the benefits from, the products at the time the products are delivered to the customer’s requested destination. The Company considers control to have transferred upon delivery because the Company has a present right to payment at this time, the customer has legal title to the products, the Company has transferred physical possession of the assets, and the customer has significant risks and rewards of ownership of the products. The transaction price recognized is the invoiced price, adjusted for any incentives, such as rebates and discounts granted to the customer. The Company estimates expected returns based on an analysis of historical experience. We adjust our estimate of revenue at the earlier of when the amount of consideration we expect to receive changes or when the consideration becomes fixed. The Company has made a policy election to exclude sales tax from the transaction price. The Company does not have any material significant payment terms as payment is received shortly after the point of sale. The Company recognizes substantially all of its revenue on a gross basis as a principal. When assessing whether the Company is acting as a principal or an agent, the Company considered the indicators that an entity controls the specified good or service before it is transferred to the customer detailed in ASC 606-10-55-39. The Company believes it earns substantially all revenue as a principal from the sale of products because the Company is responsible for the fulfillment and acceptability of products purchased. Additionally, the Company holds the general inventory risk for the products, as it takes title to the products before the products are ordered by customers and maintains products in inventory.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. Recently Issued Accounting Pronouncements Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) Leases (Topic 842): Targeted Improvements In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. In August 2018, the FASB issued , Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Sep. 29, 2018
Business Combinations [Abstract]
Summary of Preliminary Purchase Price Allocation of Major Class of Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary purchase price allocation for each major class of assets acquired and liabilities assumed for the fiscal 2019 acquisition. (In millions) Fiscal 2019 Net working capital $ 10.6 Goodwill 6.3 Other intangible assets 13.5 Property, plant and equipment 1.1 Total purchase price $ 31.5

Debt (Tables)

Debt (Tables)	3 Months Ended
	Sep. 29, 2018
Schedule of Debt	Debt consisted of the following: (In millions) As of September 29, 2018 As of June 30, 2018 ABL $ 816.6 $ 780.1 5.500% Notes due 2024 350.0 350.0 Less: Original issue discount and deferred financing costs (6.8 ) (7.1 ) Long-term debt 1,159.8 1,123.0 Capital and finance lease obligations 73.8 61.2 Total debt 1,233.6 1,184.2 Less: current installments (9.6 ) (8.4 ) Total debt, excluding current installments $ 1,224.0 $ 1,175.8
ABL Facility [Member]
Summary of Outstanding Borrowings, Availability, and Average Interest Rate	The following table summarizes outstanding borrowings, availability, and the average interest rate under the ABL Facility: (Dollars in millions) As of September 29, 2018 As of June 30, 2018 Aggregate borrowings $ 816.6 $ 780.1 Letters of credit under ABL Facility 83.3 121.3 Excess availability, net of lenders’ reserves of $12.4 and $12.1 891.0 854.2 Average interest rate 3.67 % 3.52 %

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Sep. 29, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Swap Agreements	The following table summarizes the outstanding Swap Agreements as of September 29, 2018 (in millions): Effective Date Maturity Date Notional Amount Fixed Rate Swapped June 30, 2017 June 30, 2019 50.0 1.13 % June 30, 2017 June 30, 2020 50.0 1.23 % June 30, 2017 June 30, 2020 50.0 1.25 % June 30, 2017 June 30, 2020 50.0 1.26 % August 9, 2018 August 9, 2021 75.0 1.21 % August 9, 2018 August 9, 2021 75.0 1.20 % June 30, 2020 December 31, 2021 100.0 2.16 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 29, 2018
Earnings Per Share [Abstract]
Schedule of Reconciliation of Numerators and Denominators for Basic and Diluted Earnings Per Share Computations	A reconciliation of the numerators and denominators for the basic and diluted EPS computations is as follows: (In millions, except per share amounts) Three months ended September 29, 2018 Three months ended September 30, 2017 Numerator: Net Income $ 28.2 $ 22.6 Denominator: Weighted-average common shares outstanding 103.5 100.9 Dilutive effect of share-based awards 1.6 3.0 Weighted-average dilutive shares outstanding 105.1 103.9 Basic earnings per share $ 0.27 $ 0.22 Diluted earnings per share $ 0.27 $ 0.22

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Sep. 29, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Corporate & All Other is comprised of corporate overhead and certain operations that are not considered separate reportable segments based on their size. This includes the operations of the Company’s internal logistics unit responsible for managing and allocating inbound logistics revenue and expense. The presentation and amounts for the three months ended September 30, 2017 and as of June 30, 2018 have been adjusted to reflect the segment changes described above. (In millions) Foodservice Vistar Corporate & All Other Eliminations Consolidated For the three months ended September 29, 2018 Net external sales $ 3,643.3 $ 891.8 $ 4.6 $ — $ 4,539.7 Inter-segment sales 2.7 0.8 65.2 (68.7 ) — Total sales 3,646.0 892.6 69.8 (68.7 ) 4,539.7 Depreciation and amortization 20.9 8.9 5.7 — 35.5 Capital expenditures 16.8 2.7 5.5 — 25.0 For the three months ended September 30, 2017 Net external sales $ 3,564.2 $ 796.2 $ 4.5 $ — $ 4,364.9 Inter-segment sales 2.2 0.6 57.8 (60.6 ) — Total sales 3,566.4 796.8 62.3 (60.6 ) 4,364.9 Depreciation and amortization 18.8 6.3 6.3 — 31.4 Capital expenditures 12.2 0.3 4.0 — 16.5
Schedule of EBDITA and Reconciliation to Consolidated Income Before Taxes	EBITDA for each reportable segment and Corporate & All Other is presented below along with a reconciliation to consolidated income before taxes. Three Months Ended September 29, 2018 September 30, 2017 Foodservice EBITDA $ 92.0 $ 97.2 Vistar EBITDA 31.6 25.8 Corporate & All Other EBITDA (37.3 ) (40.8 ) Depreciation and amortization (35.5 ) (31.4 ) Interest expense (15.6 ) (14.6 ) Income before taxes $ 35.2 $ 36.2
Summary Assets by Reportable Segment, Excluding Intercompany Receivables	Total assets by reportable segment, excluding intercompany receivables between segments, are as follows: (In millions) As of September 29, 2018 As of June 30, 2018 Foodservice $ 3,037.5 $ 2,996.3 Vistar 793.7 739.0 Corporate & All Other 255.7 265.6 Total assets $ 4,086.9 $ 4,000.9

Business Combinations - Additio

Business Combinations - Additional Information (Detail) $ in Millions	2 Months Ended	3 Months Ended
	Nov. 17, 2018USD ($)Business-Combination	Sep. 29, 2018USD ($)	Sep. 30, 2017USD ($)
Business Acquisition [Line Items]
Payment for acquisition		$ 31.5	$ 63.2
Subsequent Event [Member]
Business Acquisition [Line Items]
Number of acquisitions | Business-Combination	1
Business Acquisition Cost [Member]
Business Acquisition [Line Items]
Payment for acquisition		$ 31.5	$ 63.4
Business Acquisition Cost [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Payment for acquisition	$ 24.9

Business Combinations - Summary

Business Combinations - Summary of Preliminary Purchase Price Allocation of Major Class of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Business Acquisition [Line Items]
Goodwill	$ 746.6	$ 740.5
2019 Acquisitions [Member]
Business Acquisition [Line Items]
Net working capital	10.6
Goodwill	6.3
Other intangible assets	13.5
Property, plant and equipment	1.1
Total purchase price	$ 31.5

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Detail) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Debt Instrument [Line Items]
Less: Original issue discount and deferred financing costs	$ (6.8)	$ (7.1)
Long-term debt	1,159.8	1,123
Capital and finance lease obligations	73.8	61.2
Total debt	1,233.6	1,184.2
Less: current installments	(9.6)	(8.4)
Total debt, excluding current installments	1,224	1,175.8
ABL Facility [Member]
Debt Instrument [Line Items]
Long-term debt, gross	816.6	780.1
5.500% Senior Notes due 2024 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 350	$ 350

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	Aug. 09, 2018	May 17, 2016	Sep. 29, 2018	Jun. 30, 2018
Letters of Credit Facility [Member]
Debt Instrument [Line Items]
Letters of credit, maximum borrowing capacity	$ 40
Percentage fee on average daily amount available to be drawn on each day under each outstanding letter of credit	2.50%
Letter of credits, outstanding amount			$ 30.7
Maximum [Member] | Letters of Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, term	1 year
ABL Facility [Member]
Debt Instrument [Line Items]
Debt instruments face amount			$ 1,950
Credit facility, maturity period			2021-02
Debt instrument description of variable rate			(a) the Base Rate (defined as the greater of (i) the Federal Funds Rate in effect on such date plus 0.5%, (ii) the Prime Rate on such day, or (iii) one month LIBOR plus 1.0%) plus a spread or (b) LIBOR plus a spread.
Letter of credits, outstanding amount			$ 83.3	$ 121.3
ABL Facility [Member] | Federal Funds Effective Swap Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			0.50%
ABL Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			1.00%
ABL Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Credit facility, commitment fee percentage			0.25%
ABL Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit facility, commitment fee percentage			0.375%
5.500% Senior Notes due 2024 [Member]
Debt Instrument [Line Items]
Debt instruments face amount		$ 350
Debt instruments amount, interest rate		5.50%
Debt instruments maturity year		2,024

Debt - Summary of Outstanding B

Debt - Summary of Outstanding Borrowings, Availability, and Average Interest Rate under ABL Facility (Detail) - ABL Facility [Member] - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Debt Instrument [Line Items]
Aggregate borrowings	$ 816.6	$ 780.1
Letters of credit under ABL Facility	83.3	121.3
Excess availability, net of lenders’ reserves of $12.4 and $12.1	$ 891	$ 854.2
Average interest rate	3.67%	3.52%

Debt - Summary of Outstanding_2

Debt - Summary of Outstanding Borrowings, Availability, and Average Interest Rate under ABL Facility (Parenthetical) (Detail) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
ABL Facility [Member]
Debt Instrument [Line Items]
Debt amount reserve by lender	$ 12.4	$ 12.1

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Additional Information (Detail)	3 Months Ended	9 Months Ended
	Sep. 29, 2018USD ($)Interest_Rates_SwapsAgreementgal	Jun. 30, 2019gal
Derivative [Line Items]
Number of arrangements | Agreement	4
Non-monetary notional amount volume	6,000,000
Scenario Forecast [Member]
Derivative [Line Items]
Non-monetary notional amount volume		3,800,000
Interest Rate Swaps [Member]
Derivative [Line Items]
Number of interest rate swaps | Interest_Rates_Swaps	7
Notional Amount | $	$ 450,000,000

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Schedule of Outstanding Swap Agreements (Detail)	3 Months Ended
	Sep. 29, 2018USD ($)
Interest Rate Swap Agreement One [Member]
Derivative [Line Items]
Effective Date	Jun. 30, 2017
Maturity Date	Jun. 30, 2019
Notional Amount	$ 50,000,000
Fixed Rate Swapped	1.13%
Interest Rate Swap Agreement Two [Member]
Derivative [Line Items]
Effective Date	Jun. 30, 2017
Maturity Date	Jun. 30, 2020
Notional Amount	$ 50,000,000
Fixed Rate Swapped	1.23%
Interest Rate Swap Agreement Three [Member]
Derivative [Line Items]
Effective Date	Jun. 30, 2017
Maturity Date	Jun. 30, 2020
Notional Amount	$ 50,000,000
Fixed Rate Swapped	1.25%
Interest Rate Swap Agreement Four [Member]
Derivative [Line Items]
Effective Date	Jun. 30, 2017
Maturity Date	Jun. 30, 2020
Notional Amount	$ 50,000,000
Fixed Rate Swapped	1.26%
Interest Rate Swap Agreement Five [Member]
Derivative [Line Items]
Effective Date	Aug. 9, 2018
Maturity Date	Aug. 9, 2021
Notional Amount	$ 75,000,000
Fixed Rate Swapped	1.21%
Interest Rate Swap Agreement Six [Member]
Derivative [Line Items]
Effective Date	Aug. 9, 2018
Maturity Date	Aug. 9, 2021
Notional Amount	$ 75,000,000
Fixed Rate Swapped	1.20%
Interest Rate Swap Agreement Seven [Member]
Derivative [Line Items]
Effective Date	Jun. 30, 2020
Maturity Date	Dec. 31, 2021
Notional Amount	$ 100,000,000
Fixed Rate Swapped	2.16%

Fair Value of Financial Instr_2

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Long-term debt	$ 1,159.8	$ 1,123
Reported Value Measurement [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Long-term debt	1,159.8	1,123
Fair Value Inputs Level 2 [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value of long term debt	$ 1,164.6	$ 1,126.7

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Dec. 30, 2017	Jun. 30, 2018
Income Tax Disclosure [Abstract]
U.S. federal corporate income tax rate	21.00%		35.00%
Effective income tax rate	20.00%	37.50%
Net deferred tax assets	$ 29.2			$ 29.2
Net deferred tax liabilities	132.7			135.5
Unrecognized tax benefits	1.2			$ 1.2
Decrease in unrecognized tax benefits	$ 0.1

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	3 Months Ended
	Sep. 29, 2018USD ($)
Commitments And Contingencies [Line Items]
Outstanding contracts and purchase orders for capital projects and services	$ 30,400,000
Undiscounted maximum amount for guarantees	$ 25,900,000
Minimum [Member]
Commitments And Contingencies [Line Items]
Operating lease agreements range	7.00%
Operating lease expiration term	4 years
Operating lease expiration dates	2,018
Maximum [Member]
Commitments And Contingencies [Line Items]
Operating lease agreements range	20.00%
Operating lease expiration term	8 years
Operating lease expiration dates	2,025

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Detail) - Purchasing Alliance [Member] - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Jun. 30, 2018
Related Party Transaction [Line Items]
Equity method investments	$ 5.1		$ 4.3
Purchases from related party	$ 226.9	$ 212.8

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Potential common shares not included in computing diluted earnings per share due to antidilutive effect	0.5	1.2

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Reconciliation of Numerators and Denominators for Basic and Diluted Earnings Per Share Computations (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Numerator:
Net income	$ 28.2	$ 22.6
Denominator:
Weighted-average common shares outstanding	103.5	100.9
Dilutive effect of share-based awards	1.6	3
Weighted-average dilutive shares outstanding	105.1	103.9
Basic earnings per share	$ 0.27	$ 0.22
Diluted earnings per share	$ 0.27	$ 0.22

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Sep. 29, 2018Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Net sales	$ 4,539.7	$ 4,364.9
Depreciation and amortization	35.5	31.4
Capital expenditures	25	16.5
Foodservice [Member]
Segment Reporting Information [Line Items]
Net sales	3,643.3	3,564.2
Depreciation and amortization	20.9	18.8
Capital expenditures	16.8	12.2
Vistar [Member]
Segment Reporting Information [Line Items]
Net sales	891.8	796.2
Depreciation and amortization	8.9	6.3
Capital expenditures	2.7	0.3
Corporate & All Other [Member]
Segment Reporting Information [Line Items]
Net sales	4.6	4.5
Depreciation and amortization	5.7	6.3
Capital expenditures	5.5	4
Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(68.7)	(60.6)
Eliminations [Member] | Foodservice [Member]
Segment Reporting Information [Line Items]
Net sales	2.7	2.2
Eliminations [Member] | Vistar [Member]
Segment Reporting Information [Line Items]
Net sales	0.8	0.6
Eliminations [Member] | Corporate & All Other [Member]
Segment Reporting Information [Line Items]
Net sales	65.2	57.8
Operating Segments [Member] | Foodservice [Member]
Segment Reporting Information [Line Items]
Net sales	3,646	3,566.4
Operating Segments [Member] | Vistar [Member]
Segment Reporting Information [Line Items]
Net sales	892.6	796.8
Operating Segments [Member] | Corporate & All Other [Member]
Segment Reporting Information [Line Items]
Net sales	$ 69.8	$ 62.3

Segment Information - Schedul_2

Segment Information - Schedule of EBDITA and Reconciliation to Consolidated Income Before Taxes (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Depreciation and amortization	$ (35.5)	$ (31.4)
Interest expense	(15.6)	(14.6)
Income before taxes	35.2	36.2
Foodservice [Member]
Segment Reporting Information [Line Items]
EBITDA	92	97.2
Depreciation and amortization	(20.9)	(18.8)
Vistar [Member]
Segment Reporting Information [Line Items]
EBITDA	31.6	25.8
Depreciation and amortization	(8.9)	(6.3)
Corporate & All Other [Member]
Segment Reporting Information [Line Items]
EBITDA	(37.3)	(40.8)
Depreciation and amortization	$ (5.7)	$ (6.3)

Segment Information - Summary A

Segment Information - Summary Assets by Reportable Segment, Excluding Intercompany Receivables (Detail) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Segment Reporting Information [Line Items]
Total assets	$ 4,086.9	$ 4,000.9
Foodservice [Member]
Segment Reporting Information [Line Items]
Total assets	3,037.5	2,996.3
Vistar [Member]
Segment Reporting Information [Line Items]
Total assets	793.7	739
Corporate & All Other [Member]
Segment Reporting Information [Line Items]
Total assets	$ 255.7	$ 265.6