Performance Food (PFGC) 10-Q 5 May 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 28, 2020	Apr. 22, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 28, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Registrant Name	Performance Food Group Company
Entity Central Index Key	0001618673
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--06-27
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		132,481,347
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Trading Symbol	PFGC
Entity File Number	001-37578
Entity Tax Identification Number	43-1983182
Entity Address, Address Line One	12500 West Creek Parkway
Entity Address, City or Town	Richmond
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23238
City Area Code	804
Local Phone Number	484-7700
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, $0.01 par value
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 28, 2020	Jun. 29, 2019
Current assets:
Cash	$ 372.1	$ 14.7
Accounts receivable, less allowances of $49.4 and $22.0	1,304.4	1,227.3
Inventories, net	1,803.1	1,356.9
Prepaid expenses and other current assets	106.3	71.7
Total current assets	3,585.9	2,670.6
Goodwill	1,348.9	765.8
Other intangible assets, net	947.9	194.3
Property, plant and equipment, net	1,481.6	950.5
Operating lease right-of-use assets	440.8
Restricted cash	11.1	10.7
Other assets	54.6	61.6
Total assets	7,870.8	4,653.5
Current liabilities:
Outstanding checks in excess of deposits		206.9
Trade accounts payable	1,372.9	1,130.8
Accrued expenses and other current liabilities	561	343.3
Finance lease obligations—current installments	28.1	18.3
Operating lease obligations—current installments	83.3
Total current liabilities	2,045.3	1,699.3
Long-term debt	3,186.4	1,202.9
Deferred income tax liability, net	100.4	108
Finance lease obligations, excluding current installments	182.1	128.9
Operating lease obligations, excluding current installments	360.6
Other long-term liabilities	172.8	216.2
Total liabilities	6,047.6	3,355.3
Commitments and contingencies (Note 11)
Shareholders’ equity:
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 115.8 million shares issued and outstanding as of March 28, 2020; 1.0 billion shares authorized, 103.8 million shares issued and outstanding as of June 29, 2019	1.1	1
Additional paid-in capital	1,362.4	866.7
Accumulated other comprehensive loss, net of tax benefit of $2.8 and $0.1	(8.1)	(0.2)
Retained earnings	467.8	430.7
Total shareholders’ equity	1,823.2	1,298.2
Total liabilities and shareholders’ equity	$ 7,870.8	$ 4,653.5

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 28, 2020	Jun. 29, 2019
Statement Of Financial Position [Abstract]
Accounts receivable, allowances	$ 49.4	$ 22
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	115,800,000	103,800,000
Common stock, shares outstanding	115,800,000	103,800,000
Accumulated other comprehensive loss, tax benefit	$ 2.8	$ 0.1

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 28, 2020	Mar. 30, 2019	Mar. 28, 2020	Mar. 30, 2019
Income Statement [Abstract]
Net sales	$ 7,000.7	$ 4,689	$ 19,312.3	$ 13,844.4
Cost of goods sold	6,193.2	4,084.3	17,082.2	12,031.5
Gross profit	807.5	604.7	2,230.1	1,812.9
Operating expenses	824.9	545.5	2,103.5	1,630.1
Operating (loss) profit	(17.4)	59.2	126.6	182.8
Other expense, net:
Interest expense	35.2	16.5	78.9	48.1
Other, net	7.9	(1)	7.7	(0.5)
Other expense, net	43.1	15.5	86.6	47.6
(Loss) income before taxes	(60.5)	43.7	40	135.2
Income tax (benefit) expense	(20.3)	11.4	2.9	31.6
Net (loss) income	$ (40.2)	$ 32.3	$ 37.1	$ 103.6
Weighted-average common shares outstanding:
Basic	115.9	103.8	108.1	103.8
Diluted	115.9	105.1	109.5	105.1
(Loss) earnings per common share:
Basic	$ (0.35)	$ 0.31	$ 0.34	$ 1
Diluted	$ (0.35)	$ 0.31	$ 0.34	$ 0.99

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 28, 2020	Mar. 30, 2019	Mar. 28, 2020	Mar. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (40.2)	$ 32.3	$ 37.1	$ 103.6
Interest rate swaps:
Change in fair value, net of tax	(6.7)	(1.5)	(6.7)	(3.7)
Reclassification adjustment, net of tax	(0.4)	(0.9)	(1.2)	(2.2)
Other comprehensive loss	(7.1)	(2.4)	(7.9)	(5.9)
Total comprehensive (loss) income	$ (47.3)	$ 29.9	$ 29.2	$ 97.7

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 (Loss) [Member]	Retained Earnings [Member]
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
Issuance of common stock under stock-based compensation plans		(1.3)		(1.3)
Issuance of common stock under stock-based compensation plans, shares			900,000
Net income (loss)		103.6				103.6
Interest rate swaps		(5.9)			(5.9)
Stock-based compensation expense		11.8		11.8
Common stock repurchased		(9.3)	$ (9.3)	(9.3)
Common stock repurchased, shares			(300,000)
Change in accounting principle	[1]				0.9	(0.9)
Balance Ending at Mar. 30, 2019		1,234.2	$ 1	862.4	3.3	367.5
Balance Ending, shares at Mar. 30, 2019			103,800,000
Balance Beginning at Dec. 29, 2018		1,205.1	$ 1	863.2	5.7	335.2
Balance Beginning, shares at Dec. 29, 2018			103,800,000
Issuance of common stock under stock-based compensation plans		(0.5)		(0.5)
Issuance of common stock under stock-based compensation plans, shares			100,000
Net income (loss)		32.3				32.3
Interest rate swaps		(2.4)			(2.4)
Stock-based compensation expense		3.8		3.8
Common stock repurchased		(4.1)	$ (4.1)	(4.1)
Common stock repurchased, shares			(100,000)
Balance Ending at Mar. 30, 2019		1,234.2	$ 1	862.4	3.3	367.5
Balance Ending, shares at Mar. 30, 2019			103,800,000
Balance Beginning at Jun. 29, 2019		$ 1,298.2	$ 1	866.7	(0.2)	430.7
Balance Beginning, shares at Jun. 29, 2019		103,800,000	103,800,000
Issuance of common stock under stock-based compensation plans		$ (3.2)		(3.2)
Issuance of common stock under stock-based compensation plans, shares			700,000
Net income (loss)		37.1				37.1
Interest rate swaps		(7.9)			(7.9)
Issuance of common stock in secondary offering, net of underwriter discount and offering costs		490.6	$ 0.1	490.5
Issuance of common stock in secondary offering, net of underwriter discount and offering costs, shares			11,600,000
Stock-based compensation expense		13.4		13.4
Common stock repurchased		(5)	$ (5)	(5)
Common stock repurchased, shares			(300,000)
Balance Ending at Mar. 28, 2020		$ 1,823.2	$ 1.1	1,362.4	(8.1)	467.8
Balance Ending, shares at Mar. 28, 2020		115,800,000	115,800,000
Balance Beginning at Dec. 28, 2019		$ 1,378.5	$ 1	870.5	(1)	508
Balance Beginning, shares at Dec. 28, 2019			104,400,000
Issuance of common stock under stock-based compensation plans		1.8		1.8
Issuance of common stock under stock-based compensation plans, shares			100,000
Net income (loss)		(40.2)				(40.2)
Interest rate swaps		(7.1)			(7.1)
Issuance of common stock in secondary offering, net of underwriter discount and offering costs		490.6	$ 0.1	490.5
Issuance of common stock in secondary offering, net of underwriter discount and offering costs, shares			11,600,000
Stock-based compensation expense		4.6		4.6
Common stock repurchased		(5)	$ (5)	(5)
Common stock repurchased, shares			(300,000)
Balance Ending at Mar. 28, 2020		$ 1,823.2	$ 1.1	$ 1,362.4	$ (8.1)	$ 467.8
Balance Ending, shares at Mar. 28, 2020		115,800,000	115,800,000
[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 .

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Cash flows from operating activities:
Net income	$ 37.1	$ 103.6
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	118.3	83.7
Amortization of intangible assets	67.5	28.6
Amortization of deferred financing costs	3.6	3.4
Provision for losses on accounts receivables	30.3	12.4
Stock compensation expense	14	11.8
Deferred income tax (benefit) expense	(4.8)	2.5
Other non-cash activities	28.4	(0.1)
Changes in operating assets and liabilities, net
Accounts receivable	192.9	(63.6)
Inventories	(160.7)	(61.3)
Prepaid expenses and other assets	(27.2)	24.9
Trade accounts payable	7.7	67.4
Outstanding checks in excess of deposits	(305)	15.2
Accrued expenses and other liabilities	15.5	32
Net cash provided by operating activities	17.6	260.5
Cash flows from investing activities:
Purchases of property, plant and equipment	(101.1)	(93.1)
Net cash paid for acquisitions	(1,989)	(57.7)
Proceeds from sale of property, plant and equipment	0.8	1
Net cash used in investing activities	(2,089.3)	(149.8)
Cash flows from financing activities:
Net borrowings (payments) under ABL Facility	950.4	(81.7)
Payments on financed property, plant and equipment	(1.7)	(5)
Net proceeds from issuance of common stock	490.6
Borrowing of Notes due 2027	1,060
Cash paid for acquisitions	(7.2)	(3.5)
Payments under finance lease obligations	(16.9)	(9.3)
Proceeds from exercise of stock options	4.7	6.2
Cash paid for shares withheld to cover taxes	(7.9)	(7.5)
Repurchases of common stock	(5)	(9.3)
Cash paid for debt issuance, extinguishment and modifications	(37.5)
Net cash provided by (used in) financing activities	2,429.5	(110.1)
Net increase in cash and restricted cash	357.8	0.6
Cash and restricted cash, beginning of period	25.4	17.8
Cash and restricted cash, end of period	383.2	18.4
Debt assumed through finance lease obligations	79.9	90
Purchases of property, plant and equipment, financed	1.6	3
Interest	47.5	43.6
Income taxes paid, net of refunds	$ 28.5	$ 3.2

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Reconciliation) - USD ($) $ in Millions		Mar. 28, 2020	Jun. 29, 2019
Supplemental Cash Flow Elements [Abstract]
Cash		$ 372.1	$ 14.7
Restricted cash	[1]	11.1	10.7
Total cash and restricted cash		$ 383.2	$ 25.4
[1]	Restricted cash represents 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	9 Months Ended
	Mar. 28, 2020
Accounting Policies [Abstract]
Summary of Business Activities	1. Summary of Business Activities Business Overview Performance Food Group Company, through its subsidiaries, markets and distributes primarily 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 some of the most recognizable family and casual dining restaurant chains, as well as schools, business and industry locations, and healthcare facilities. The Company also specializes in distributing candy, snacks, beverages, cigarettes, other tobacco products and other items nationally to vending distributors, big box retailers, theaters, convenience stores, and hospitality providers. Share Repurchase Program On November 13, 2018, the Board of Directors of the Company (the “Board of Directors”) authorized a share repurchase program for up to $250 million of the Company’s outstanding common stock. The share repurchase program does not have an expiration date and may be amended, suspended, or discontinued at any time. The share repurchase program remains subject to the discretion of the Board of Directors. During the three months and nine months ended March 28, 2020, the Company repurchased and subsequently retired 0.3 million shares of common stock for a total of $5.0 million. During the three months and nine months ended March 30, 2019, the Company repurchased and subsequently retired 0.1 million and 0.3 million shares of common stock, respectively for a total of $4.1 million and $9.3 million for the respective periods. On March 23, 2020, the Company discontinued further repurchases under the plan. As of March 28, 2020, approximately $235.7 million remained available for additional share repurchases. Equity Issuances On November 20, 2019, Performance Food Group Company entered into an underwriting agreement related to the issuance and sale of an aggregate of 10,120,000 shares of its common stock, and up to 1,518,000 additional shares at the underwriters’ option, in each case on a forward sale basis. On November 22, 2019, the full option to purchase the 1,518,000 shares of additional common stock shares on a forward basis was exercised by the underwriters, and, on November 25, 2019, the Company closed the offering. On December 30, 2019, the Company physically settled the forward sale agreement at the forward sale price of $42.70 per share, net of the underwriting discount. The aggregate offering price of the amount of newly issued common stock was $514.9 million. In connection with the offering, the Company paid the underwriters a discount of $1.55 per share, for total underwriting discounts and commissions of $18.0 million. In addition, the Company incurred direct offering expenses of $6.3 million. The Company used the $490.6 million net proceeds that it received from the common stock offering to finance the cash consideration payable in connection with the acquisition of Reinhart. On April 16, 2020, Performance Food Group Company entered into an underwriting agreement related to the issuance and sale of 15,525,000 shares of its common stock for a cash offering price of $22.50 per share ($21.77 per share net of underwriting discounts and commissions), including the exercise in full by the underwriters of their option to purchase additional shares on April 20, 2020. The aggregate offering price of the issued common stock was $349.3 million. In connection with the offering, the Company paid the underwriters a discount of $0.73 per share, for total underwriting discounts and commissions of $11.3 million. In addition, the Company incurred direct offering expenses of $0.3 million. The Company intends to use the $337.7 million of net proceeds from the offering for working capital and other general corporate purposes.

Summary of Significant Accounti

Summary of Significant Accounting Policies and Estimates	9 Months Ended
	Mar. 28, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies and Estimates	2. Summary of Significant Accounting Policies and Estimates Basis of Presentation The consolidated financial statements have been prepared by the Company, without audit, with the exception of the June 29, 2019 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, leases, 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. Risks and Uncertainties The Company is subject to risks and uncertainties as a result of COVID-19. The unprecedented impact of COVID-19 has grown throughout the world, including in the United States, and governmental authorities have implemented numerous measures attempting to contain and mitigate the effects of the virus, including travel bans and restrictions, quarantines, shelter in place orders, shutdowns and social distancing requirements. These measures have adversely affected and may further adversely affect the Company’s workforce and operations and the operations of its customers and suppliers. The Company’s distribution centers have experienced instances of reduced operations, including reduced operating hours, and in markets where governments have imposed restrictions on travel outside of the home, or where customers are practicing social distancing, many of our customers, including restaurants, schools, hotels, movie theaters, and business and industry locations, have reduced or discontinued operations, which has and is expected to continue to adversely affect demand in the foodservice industry, including demand for our products and services. We expect that COVID-19 will have a material adverse impact on our future results of operations and liquidity. However, the extent to which COVID-19 will affect our financial position, liquidity, and results of operations is uncertain.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	9 Months Ended
	Mar. 28, 2020
Accounting Changes And Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	3. Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) The Company’s June 30, 2019 adoption of the new standard resulted in the recognition of operating lease liabilities totaling $423.8 million, based upon the present value of the remaining minimum rental payments using discount rates as of the adoption date, with $82.1 million within Operating lease liabilities - current and $341.7 million within Operating lease liabilities, excluding current installments. In addition, we recorded corresponding Operating lease right-of-use assets totaling $423.0 million based upon the operating lease liabilities adjusted for deferred rent of $11.0 million, favorable lease intangible assets of $5.3 million and prepaid rent and other adjustments of $4.9 million. The new standard did not have a material impact on the consolidated statements of operations and the consolidated statement of cash flows. See Note 8. Leases for further discussion of the Company’s leasing arrangements and required ASC 842 disclosures. Recently Issued Accounting Pronouncements Not Yet Adopted 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 ASU 2018-15, 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 service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in this update. The amendments in this update are effective for interim and annual periods beginning after December 15, 2019 , with early adoption permitted. The Company plans to adopt this new ASU in fiscal 2021. The amendments in this update should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company is in the process of assessing the impact of this ASU on its future c onsolidated f inancial s tatements but does not expect this update to have a material impact on the Company's c onsolidated f inancial s tatements . In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848).

Revenue Recognition

Revenue Recognition	9 Months Ended
	Mar. 28, 2020
Revenue From Contract With Customer [Abstract]
Revenue Recognition	4. Revenue Recognition The Company markets and distributes primarily 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, beverages, cigarettes, other tobacco products and other products 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 14. Segment Information for external revenue by reportable segment. The Company has customer contracts in which incentives are paid upfront to certain customers. These payments have become industry practice and are not related to financing the customer’s business, nor are they associated with any distinct good or service to be received from the customer. These incentive payments are capitalized and amortized to net sales over the life of the contract or the expected life of the customer relationship on a straight-line basis. The Company’s contract asset for these incentives totaled $15.7 million and $10.6 million as of March 28, 2020 and June 29, 2019, respectively.

Business Combinations

Business Combinations	9 Months Ended
	Mar. 28, 2020
Business Combinations [Abstract]
Business Combination	5 . Business Combinations During the first nine months of fiscal 2020 the Company paid $2.0 billion for one acquisition and during the first nine months of fiscal 2019, the Company paid cash of $58.1 million for three acquisitions. The prior year acquisitions did not materially affect the Company’s results of operations. The acquisition of Eby-Brown Company LLC (“Eby-Brown”) in the fourth quarter of fiscal 2019 included contingent consideration, including earnout payments in the event certain operating results are achieved during a defined post-closing period. Total contingent consideration outstanding was $91.1 million as of March 28, 2020 and $82.6 million as of June 29, 2019. Earnout liabilities are measured using unobservable inputs that are considered a Level 3 measurement On December 30, 2019, the Company acquired Reinhart from Reyes Holdings, L.L.C. in a transaction valued at $2.0 billion, or approximately $1.7 billion net of an estimated tax benefit to PFG of approximately $265 million. The $2.0 billion purchase price was financed with $464.7 million of borrowings under the ABL Facility (as defined below), net proceeds of $1,033.7 million from new senior unsecured Notes due 2027 (as defined below), and net proceeds of $490.6 million from an offering of shares of the Company’s common stock. The Reinhart acquisition expands the Company’s broadline presence by enhancing its distribution footprint in key geographies, and the Company believes it will help achieve its long-term growth goals. The Reinhart acquisition is reported in the Foodservice segment. Assets acquired and liabilities assumed are recognized at their respective fair values as of the acquisition date. (In millions) Fiscal 2020 Net working capital $ 110.8 Goodwill 583.1 Intangible assets with definite lives: Customer relationships 642.0 Trade names and trademarks 174.0 Technology 3.1 Non-compete 1.0 Property, plant and equipment 475.0 Total purchase price $ 1,989.0 Intangible assets consist primarily of customer relationships, trade names, technology and non-compete agreements with useful lives of 11.5 years, 6.5 years, 8.0 years, and 3.0 years, respectively, and a total weighted-average useful life of 10.4 years. The excess of the estimated fair value of the assets acquired and the liabilities assumed over consideration paid was recorded Subsequent to the valuation of the acquired intangible assets, the Company recorded $16.4 million of accelerated amortization related to customer relationships and trade names as a result of the impact of COVID-19 on the expected future net sales to Reinhart customers. The net sales and net loss related to Reinhart recorded in the Company’s Consolidated Statements of Operations since the date of acquisition through March 28, 2020 $1,355.1 million The following table summarizes the unaudited pro-forma consolidated financial information of the Company as if the acquisition had occurred on July 1, 2018. Three Months Ended Nine Months Ended (in millions) March 28, 2020 March 30, 2019 March 28, 2020 March 30, 2019 Net Sales $ 7,000.7 $ 6,139.0 $ 22,443.7 $ 18,405.6 Net (Loss) Income (30.5 ) 8.6 26.3 38.8 These pro-forma results include nonrecurring pro-forma adjustments related to acquisition costs incurred. The pro-forma net income for the nine months ended March 30, 2019 includes $18.8 million, after-tax, of acquisition costs assuming the acquisition had occurred on July 1, 2018. The recurring pro-forma adjustments include estimates of interest expense for the Notes due 2027 and estimates of depreciation and amortization associated with fair value adjustments for property, plant and equipment and intangible assets acquired. These unaudited pro-forma results do not necessarily represent financial results that would have been achieved had the acquisition actually occurred on July 1, 2018 or future consolidated results of operations of the Company.

Debt

Debt	9 Months Ended
	Mar. 28, 2020
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 March 28, 2020 As of June 29, 2019 ABL Facility $ 1,809.4 $ 859.0 5.500% Notes due 2024 350.0 350.0 5.500% Notes due 2027 1,060.0 - Less: Original issue discount and deferred financing costs (33.0 ) (6.1 ) Long-term debt 3,186.4 1,202.9 Less: current installments - - Total debt, excluding current installments $ 3,186.4 $ 1,202.9 ABL Facility PFGC, Inc. (“PFGC”), a wholly-owned subsidiary of the Company, is a party to the Fourth Amended and Restated Credit Agreement dated December 30, 2019 (the “ABL Facility”). The ABL Facility has an aggregate principal amount of $3.0 billion and matures on December 30, 2024. 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, and secured by the majority of the assets of, 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 of 0.25% The following table summarizes outstanding borrowings, availability, and the average interest rate under the ABL Facility: (Dollars in millions) As of March 28, 2020 As of June 29, 2019 Aggregate borrowings $ 1,809.4 $ 859.0 Letters of credit under ABL Facility 139.1 89.9 Excess availability, net of lenders’ reserves of $70.1 and $38.6 848.8 1,182.7 Average interest rate 2.72 % 4.01 % On April 29, 2020, PFGC entered into the First Amendment to the ABL Facility (the “First Amendment”). The First Amendment increased the aggregate principal amount under the ABL Facility from $3.0 billion to $3.11 billion, of which $110 million is a 364-day maturity loan that is junior to the other obligations owed under the ABL Facility (the “Additional Junior Term Loan”). Senior Notes due 2027 On September 27, 2019, PFG Escrow Corporation (the “Escrow Issuer”), a wholly-owned subsidiary of PFGC, issued and sold $1,060.0 million aggregate principal amount of its 5.500% Senior Notes due 2027 (the “Notes due 2027”). Upon issuance of the Notes due 2027, the gross proceeds of the offering, along with certain additional funds were deposited into a segregated escrow account. Following the completion of the Reinhart acquisition on December 30, 2019 the funds were released from escrow and were used, together with the net proceeds from an offering of shares of the Company’s common stock and borrowings under the ABL Facility, to fund the cash consideration for the transaction and to pay related fees and expenses. The Escrow Issuer merged with and into Performance Food Group, Inc., with Performance Food Group, Inc. as the surviving entity, and by entry into a supplemental indenture along with PFGC, Performance Food Group, Inc. assumed all of the Escrow Issuer’s obligations as the issuer under the indenture for the Notes due 2027. Additionally, PFGC and each of the subsidiaries of PFGC identified as a guaranteeing subsidiary became a guarantor of the Notes due 2027. The Notes due 2027 are not guaranteed by Performance Food Group Company. The Notes due 2027 were issued at 100.0% of their par value. The Notes due 2027 mature on October 15, 2027 and bear interest at a rate of 5.500% per year, payable semi-annually in arrears. Upon the occurrence of a change of control triggering event or upon the sale of certain assets in which Performance Food Group, Inc. does not apply the proceeds as required, the holders of the Notes due 2027 will have the right to require Performance Food Group, Inc. to repurchase each holder’s Notes due 2027 at a price equal to 101% (in the case of a change of control triggering event) or 100% (in the case of an asset sale) of their principal amount, plus accrued and unpaid interest. Performance Food Group, Inc. may redeem all or a part of the Notes due 2027 at any time prior to October 15, 2022 at a redemption price equal to 100% of the principal amount of the Notes due 2027 being redeemed plus a make-whole premium and accrued and unpaid interest, if any, to, but not including, the redemption date. redemption price equal to 102.750 % of the principal amount redeemed, plus accrued and unpaid interest. The redemption price decreases to 101.375 % and 100 % of the principal amount redeemed on October 15, 2023 and October 15, 2024, respectively. In addition, at any time prior to October 15, 2022, Performance Food Group, Inc. may redeem up to 40 % of the Notes due 2027 from the proceeds of certain equity offerings at a redemption price equal to 105.500 % of the principal amount thereof, plus accrued and unpaid interest. The indenture governing the Notes due 2027 contains covenants limiting, among other things, PFGC and its restricted subsidiaries’ ability to incur or guarantee additional debt or issue disqualified stock or preferred stock; pay dividends and make other distributions on, or redeem or repurchase, capital stock; make certain investments; incur certain liens; enter into transactions with affiliates; consolidate, merge, sell or otherwise dispose of all or substantially all of its assets; create certain restrictions on the ability of PFGC’s restricted subsidiaries to make dividends or other payments to PFGC; designate restricted subsidiaries as unrestricted subsidiaries; and transfer or sell certain assets. These covenants are subject to a number of important exceptions and qualifications. The Notes due 2027 also contain customary events of default, the occurrence of which could result in the principal of and accrued interest on the Notes due 2027 to become or be declared due and payable. Senior Notes due 2024 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 due 2024”). The Notes due 2024 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 due 2024 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 March 28, 2020, the Company has $28.3 million letters of credit outstanding under the Letters of Credit Facility. Senior Notes due 2025 On April 21, 2020, Performance Food Group, Inc. issued and sold $275.0 million aggregate principal amount of its 6.875% Senior Notes due 2025 (the “Notes due 2025”). The Notes due 2025 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 due 2025 are not guaranteed by Performance Food Group Company. The proceeds from the Notes due 2025 will be used for working capital and general corporate purposes and to pay related fees and expenses. The Notes due 2025 were issued at 100.0% of their par value. The Notes due 2025 mature on May 1, 2025 and bear interest at a rate of 6.875% per year, payable semi-annually in arrears. Upon the occurrence of a change of control triggering event or upon the sale of certain assets in which Performance Food Group, Inc. does not apply the proceeds as required, the holders of the Notes due 2025 will have the right to require Performance Food Group, Inc. to repurchase each holder’s Notes due 2025 at a price equal to 101% (in the case of a change of control triggering event) or 100% (in the case of an asset sale) of their principal amount, plus accrued and unpaid interest. Performance Food Group, Inc. may redeem all or a part of the Notes due 2025 at any time prior to May 1, 2022 at a redemption price equal to 100% of the principal amount of the Notes due 2025 being redeemed plus a make-whole premium and accrued and unpaid interest, if any, to, but not including, the redemption date. In addition, at any time prior to May 1, 2022, Performance Food Group, Inc. may redeem up to 40% of the Notes due 2025 from the proceeds of certain equity offerings at a redemption price equal to 106.875% of the principal amount thereof, plus accrued and unpaid interest. The indenture governing the Notes due 2025 contains covenants limiting, among other things, PFGC and its restricted subsidiaries’ ability to incur or guarantee additional debt or issue disqualified stock or preferred stock; pay dividends and make other distributions on, or redeem or repurchase, capital stock; make certain investments; incur certain liens; enter into transactions with affiliates; consolidate, merge, sell or otherwise dispose of all or substantially all of its assets; create certain restrictions on the ability of PFGC’s restricted subsidiaries to make dividends or other payments to PFGC; designate restricted subsidiaries as unrestricted subsidiaries; and transfer or sell certain assets. These covenants are subject to a number of important exceptions and qualifications. The Notes due 2025 also contain customary events of default, the occurrence of which could result in the principal of and accrued interest on the Notes due 2025 to become or be declared due and payable.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Mar. 28, 2020
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 March 28, 2020, Performance Food Group, Inc. had eight interest rate swaps with a combined $850.0 million notional amount. The following table summarizes the outstanding interest rate swap agreement as of March 28, 2020 (in millions): Effective Date Maturity Date Notional Amount Fixed Rate Swapped 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 % August 9, 2021 April 9, 2023 $ 100.0 2.93 % April 15, 2021 December 15, 2024 $ 350.0 0.84 % For the three and nine months ended March 28, 2020, the Company recognized a loss of $6.7 million, net of tax, in accumulated other comprehensive income related to changes in the fair value of its interest rate swaps. Hedges of Forecasted Diesel Fuel Purchases From time to time, Performance Food Group, Inc. enters into costless collar or swap arrangements to manage its exposure to variability in cash flows expected to be paid for its forecasted purchases of diesel fuel. As of March 28, 2020, Performance Food Group, Inc. was a party to 16 such arrangements, with an aggregate 32.7 million gallon original notional amount, of which an aggregate 28.4 million gallon notional was remaining. The remaining 28.4 million gallon forecasted purchases of diesel fuel are expected to be made between April 1, 2020 and December 31, 2021. 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. For the three and nine months ended March 28, 2020, the Company recognized losses of $7.4 million and $7.3 million, respectively, related to changes in the fair value of fuel collar and swap instruments.

Leases

Leases	9 Months Ended
	Mar. 28, 2020
Leases [Abstract]
Leases	8. Leases The Company determines if an arrangement is a lease at inception and recognizes a financing or operating lease liability and right-of-use asset in the Company’s consolidated balance sheet. Right-of-use assets and lease liabilities for both operating and finance leases are recognized based on present value of lease payments over the lease term at commencement date. Since the Company’s leases do not provide an implicit rate, the Company uses the incremental borrowing rate based on the information available at commencement date to determine the present value of lease payments. This rate was determined by using the yield curve based on the Company’s credit rating adjusted for the Company’s specific debt profile and secured debt risk. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The lease expenses for these short-term leases are recognized on a straight-line basis over the lease term. The Company has several lease agreements that contain lease and non-lease components, such as maintenance, taxes, and insurance, which are accounted for separately. The difference between the operating lease right-of-use assets and operating lease liabilities primarily relates to adjustments for deferred rent, favorable leases, and prepaid rent. Subsidiaries of the Company have entered into numerous operating and finance leases for various warehouses, office facilities, equipment, tractors, and trailers. 1 year 20 years 10 years 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 6% and 16% of the value of the leased assets at inception of the lease. These leases have original terms ranging from 5 to 7.2 years and expiration dates ranging from 2020 to 2027. As of March 28, 2020, the undiscounted maximum amount of potential future payments for lease residual value guarantees totaled approximately $23.6 million, which would be mitigated by the fair value of the leased assets at lease expiration. The following table presents the location of the right-of-use assets and lease liabilities in the Company’s consolidated balance sheet as of March 28, 2020 (in millions), as well as the weighted-average lease term and discount rate for the Company’s leases: Leases Consolidated Balance Sheet Location As of March 28, 2020 Assets: Operating Operating lease right-of-use assets $ 440.8 Finance Property, plant and equipment, net 200.1 Total lease assets $ 640.9 Liabilities: Current Operating Operating lease obligations—current installments $ 83.3 Finance Finance lease obligations—current installments 28.1 Non-current Operating Operating lease obligations, excluding current installments 360.6 Finance Finance lease obligations, excluding current installments 182.1 Total lease liabilities $ 654.1 Weighted average remaining lease term Operating leases 8.1 years Finance leases 7.0 years Weighted average discount rate Operating leases 5.1 % Finance leases 5.3 % The following table presents the location of lease costs in the Company consolidated statement of operations for the three and nine months ended March 28, 2020 (in millions): Lease Cost Statement of Operations Location Three months ended March 28, 2020 Nine months ended March 28, 2020 Finance lease cost: Amortization of finance lease assets Operating expenses $ 6.7 $ 17.2 Interest on lease liabilities Interest expense 2.7 7.6 Total finance lease cost $ 9.4 $ 24.8 Operating lease cost Operating expenses 28.9 83.7 Short-term lease cost Operating expenses 6.6 18.1 Total lease cost $ 44.9 $ 126.6 Supplemental cash flow information related to leases for the period reported is as follows (in millions): (In millions) Nine months ended March 28, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 81.1 Operating cash flows from finance leases 7.6 Financing cash flows from finance leases 16.9 Right-of-use assets obtained in exchange for lease obligations: Operating leases 49.6 Finance leases 26.8 Future minimum lease payments under non-cancelable leases as of March 28, 2020 are as follows (in millions): Fiscal Year Operating Leases Finance Leases Remaining 2020 $ 26.7 $ 9.7 2021 101.2 38.5 2022 84.0 38.0 2023 68.1 36.9 2024 50.6 36.0 Thereafter 224.8 95.1 Total future minimum lease payments $ 555.4 $ 254.2 Less: Interest 111.5 44.0 Present value of future minimum lease payments $ 443.9 $ 210.2 Future minimum lease payments in effect as of June 29, 2019 under non-cancelable leases, as determined prior to the adoption of ASC 842, were as follows (in millions): Fiscal Year Operating Leases Finance Leases 2020 $ 104.7 $ 26.7 2021 89.6 26.3 2022 73.8 25.8 2023 58.2 24.7 2024 40.8 23.9 Thereafter 163.8 58.4 Total future minimum lease payments $ 530.9 $ 185.8 Less: Interest 38.6 Present value of future minimum lease payments $ 147.2 As of March 28, 2020, the Company has additional operating and finance leases that have not yet commenced which total $47.7 million in future minimum lease payments and $0.4 million of residual value guarantees. These leases primarily relate to warehouse leases and will commence in fiscal 2020 with lease terms of 7 to 15 years.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Mar. 28, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	9 . 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 $3,186.4 million and $1,202.9 million, is $3,071.2 million and $1,216.3 million at March 28, 2020 and June 29, 2019, 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	9 Months Ended
	Mar. 28, 2020
Income Tax Disclosure [Abstract]
Income Taxes	10 . 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. The Company’s effective tax rate was 33.6% for the three months ended March 28, 2020 and 26.1% for the three months ended March 30, 2019. The Company’s effective tax rate was 7.3% for the nine months ended March 28, 2020 and 23.4% for the nine months ended March 30, 2019. 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. Other discrete items recognized for the three months ended March 28, 2020 included state tax credits and changes in uncertain tax positions. The effective tax rates for three months and nine months ended March 28, 2020 differed from the prior year periods due to the increase of non-deductible expenses and discrete items as a percentage of book income, which was significantly lower than the book income for the same periods of fiscal 2019. On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by COVID-19. The CARES Act provides numerous tax provisions and other stimulus measures, including temporary changes regarding the utilization of net operating losses, temporary changes to limitations on interest deductions, deferral of certain payment requirements for the employer portion of Social Security taxes, technical corrections from prior tax legislation with respect to tax depreciation of certain qualified improvement property, and the creation of refundable employee retention credits. The Company is currently evaluating the impact of the CARES Act on its consolidated financial statements and has not yet quantified what material impacts to the financial statements (if any) may result from provisions of the CARES Act. The Company anticipates it will likely benefit from the temporary five-year net operating loss carryback provisions, the technical correction for qualified leasehold improvements, and potentially other provisions within the CARES Act. At this time it is not possible to reasonably estimate the amount of net operating losses (if any) that might be available for carryback. As of March 28, 2020 and June 29, 2019, the Company had net deferred tax assets of $29.1 million and $29.1 million, respectively, and deferred tax liabilities of $129.5 million and $137.1 million, respectively. As of June 29, 2019, the Company had established a valuation allowance of $0.5 million, net of federal benefit, against deferred tax assets related to certain net operating losses which are not likely to be realized due to short carryback periods. There was no change in the valuation allowance as of March 28, 2020. 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	9 Months Ended
	Mar. 28, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	1 1 . Commitments and Contingencies Purchase Obligations The Company had outstanding contracts and purchase orders for capital projects and services totaling $32.8 million at March 28, 2020. Amounts due under these contracts were not included on the Company’s consolidated balance sheet as of March 28, 2020. Guarantees 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 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 the Company 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 the Company 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 the Company’s broadline distribution centers only and not to the Company’s PFG Customized distribution centers). The Company cooperated with the EEOC on the production of information. In September 2011, the EEOC notified the Company 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 the Company 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 the Company’s broadline division in violation of Title VII. In June 2013, the EEOC filed suit in federal court in Baltimore against the Company. The litigation concerns two issues: (1) whether the Company unlawfully engaged in an ongoing pattern and practice of failing to hire female applicants into operations positions; and (2) whether the Company 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 the Company 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 the Company 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 the Company 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, the Company is 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 the Company alleging that we failed to preserve certain paper employment applications and e-mails during 2004 – 2009. In the sanctions motions, the EEOC sought a range of remedies, including but not limited to, a default judgment against the Company, or alternatively, an order barring the Company from filing for summary judgment on the EEOC’s pattern and practice claims. The court denied the EEOC’s motions in June 2019, but reserved ruling on whether the unavailability of certain documents will prejudice the EEOC’s ability to present expert testimony at the trial. The parties filed cross motions for summary judgment, on March 18, 2020, the court denied both parties’ motions, which means the case will be set for trial. The court has not yet determined a trial date. The Company will continue to vigorously defend itself. 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	9 Months Ended
	Mar. 28, 2020
Related Party Transactions [Abstract]
Related-Party Transactions	1 2 . 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 $4.9 million as of March 28, 2020 and $4.6 million as of June 29, 2019. For the three-month periods ended March 28, 2020 and March 30, 2019, the Company recorded purchases of $234.8 million and $224.8 million, respectively, through the purchasing alliance. During the nine-month periods ended March 28, 2020 and March 30, 2019, the Company recorded purchases of $733.2 million and $657.9 million, respectively, through the purchasing alliance.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Mar. 28, 2020
Earnings Per Share [Abstract]
Earnings Per Common Share	1 3 . Earnings Per Common 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 earnings per common share is calculated using the weighted-average number of common shares and dilutive potential common shares outstanding during the period. In computing diluted earnings per common share , the average closing stock price for the period is used in determining the number of shares assumed to be purchased with the assumed proceeds under the treasury stock method. For the three months ended March 28, 2020 diluted loss per common share is the same as basic loss per common share because the inclusion of potential common shares is antidilutive. A reconciliation of the numerators and denominators for the basic and diluted earnings per common share computations is as follows: (In millions, except per share amounts) Three months ended March 28, 2020 Three months ended March 30, 2019 Nine months ended March 28, 2020 Nine months ended March 30, 2019 Numerator: Net (Loss) Income $ (40.2 ) $ 32.3 $ 37.1 $ 103.6 Denominator: Weighted-average common shares outstanding 115.9 103.8 108.1 103.8 Dilutive effect of potential common shares - 1.3 1.4 1.3 Weighted-average dilutive shares outstanding 115.9 105.1 109.5 105.1 Basic (loss) earnings per common share $ (0.35 ) $ 0.31 $ 0.34 $ 1.00 Diluted (loss) earnings per common share $ (0.35 ) $ 0.31 $ 0.34 $ 0.99

Segment Information

Segment Information	9 Months Ended
	Mar. 28, 2020
Segment Reporting [Abstract]
Segment Information	14. Segment Information The Company has two reportable segments: Foodservice and Vistar. 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, snacks, beverages, cigarettes, other tobacco products, and other products to customers in the vending, office coffee services, theater, retail, convenience store 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. (In millions) Foodservice Vistar Corporate & All Other Eliminations Consolidated For the three months ended March 28, 2020 Net external sales $ 4,946.6 $ 2,048.5 $ 5.6 $ — $ 7,000.7 Inter-segment sales 3.3 0.7 101.5 (105.5 ) — Total sales 4,949.9 2,049.2 107.1 (105.5 ) 7,000.7 Depreciation and amortization 79.9 13.1 6.3 — 99.3 Capital expenditures 21.5 23.2 7.4 — 52.1 For the three months ended March 30, 2019 Net external sales $ 3,792.8 $ 891.5 $ 4.7 $ — $ 4,689.0 Inter-segment sales 2.4 0.6 66.9 (69.9 ) — Total sales 3,795.2 892.1 71.6 (69.9 ) 4,689.0 Depreciation and amortization 24.2 9.5 6.0 — 39.7 Capital expenditures 24.5 2.8 5.7 — 33.0 (In millions) Foodservice Vistar Corporate & All Other Eliminations Consolidated For the nine months ended March 28, 2020 Net external sales $ 12,717.5 $ 6,577.6 $ 17.2 $ — $ 19,312.3 Inter-segment sales 10.7 1.9 248.5 (261.1 ) — Total sales 12,728.2 6,579.5 265.7 (261.1 ) 19,312.3 Depreciation and amortization 130.3 36.2 19.3 — 185.8 Capital expenditures 37.8 44.7 18.6 — 101.1 For the nine months ended March 30, 2019 Net external sales $ 11,105.4 $ 2,724.6 $ 14.4 $ — $ 13,844.4 Inter-segment sales 7.7 2.0 196.3 (206.0 ) — Total sales 11,113.1 2,726.6 210.7 (206.0 ) 13,844.4 Depreciation and amortization 66.8 27.7 17.8 — 112.3 Capital expenditures 67.2 9.5 16.4 — 93.1 EBITDA for each reportable segment and Corporate & All Other is presented below along with a reconciliation to consolidated income before taxes. Three Months Ended Nine Months Ended March 28, 2020 March 30, 2019 March 28, 2020 March 30, 2019 Foodservice EBITDA $ 91.7 $ 99.4 $ 309.3 $ 295.7 Vistar EBITDA 40.7 37.0 148.8 114.0 Corporate & All Other EBITDA (58.4 ) (36.5 ) (153.4 ) (114.1 ) Depreciation and amortization (99.3 ) (39.7 ) (185.8 ) (112.3 ) Interest expense (35.2 ) (16.5 ) (78.9 ) (48.1 ) Income before taxes $ (60.5 ) $ 43.7 $ 40.0 $ 135.2 Total assets by reportable segment, excluding intercompany receivables between segments, are as follows: (In millions) As of March 28, 2020 As of June 29, 2019 Foodservice $ 5,734.2 $ 3,152.3 Vistar 1,524.0 1,271.0 Corporate & All Other 612.6 230.2 Total assets $ 7,870.8 $ 4,653.5

Summary of Significant Accoun_2

Summary of Significant Accounting Policies and Estimates (Policies)	9 Months Ended
	Mar. 28, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements have been prepared by the Company, without audit, with the exception of the June 29, 2019 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, leases, 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.
Risks and Uncertainties	The Company is subject to risks and uncertainties as a result of COVID-19. The unprecedented impact of COVID-19 has grown throughout the world, including in the United States, and governmental authorities have implemented numerous measures attempting to contain and mitigate the effects of the virus, including travel bans and restrictions, quarantines, shelter in place orders, shutdowns and social distancing requirements. These measures have adversely affected and may further adversely affect the Company’s workforce and operations and the operations of its customers and suppliers. The Company’s distribution centers have experienced instances of reduced operations, including reduced operating hours, and in markets where governments have imposed restrictions on travel outside of the home, or where customers are practicing social distancing, many of our customers, including restaurants, schools, hotels, movie theaters, and business and industry locations, have reduced or discontinued operations, which has and is expected to continue to adversely affect demand in the foodservice industry, including demand for our products and services. We expect that COVID-19 will have a material adverse impact on our future results of operations and liquidity. However, the extent to which COVID-19 will affect our financial position, liquidity, and results of operations is uncertain.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) The Company’s June 30, 2019 adoption of the new standard resulted in the recognition of operating lease liabilities totaling $423.8 million, based upon the present value of the remaining minimum rental payments using discount rates as of the adoption date, with $82.1 million within Operating lease liabilities - current and $341.7 million within Operating lease liabilities, excluding current installments. In addition, we recorded corresponding Operating lease right-of-use assets totaling $423.0 million based upon the operating lease liabilities adjusted for deferred rent of $11.0 million, favorable lease intangible assets of $5.3 million and prepaid rent and other adjustments of $4.9 million. The new standard did not have a material impact on the consolidated statements of operations and the consolidated statement of cash flows. See Note 8. Leases for further discussion of the Company’s leasing arrangements and required ASC 842 disclosures. Recently Issued Accounting Pronouncements Not Yet Adopted 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 ASU 2018-15, 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 service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The accounting for the service element of a hosting arrangement that is a service contract is not affected by the amendments in this update. The amendments in this update are effective for interim and annual periods beginning after December 15, 2019 , with early adoption permitted. The Company plans to adopt this new ASU in fiscal 2021. The amendments in this update should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company is in the process of assessing the impact of this ASU on its future c onsolidated f inancial s tatements but does not expect this update to have a material impact on the Company's c onsolidated f inancial s tatements . In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848).
Revenue Recognition	4. Revenue Recognition The Company markets and distributes primarily 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, beverages, cigarettes, other tobacco products and other products 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 14. Segment Information for external revenue by reportable segment. The Company has customer contracts in which incentives are paid upfront to certain customers. These payments have become industry practice and are not related to financing the customer’s business, nor are they associated with any distinct good or service to be received from the customer. These incentive payments are capitalized and amortized to net sales over the life of the contract or the expected life of the customer relationship on a straight-line basis. The Company’s contract asset for these incentives totaled $15.7 million and $10.6 million as of March 28, 2020 and June 29, 2019, respectively.

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Mar. 28, 2020
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 2020 acquisition. (In millions) Fiscal 2020 Net working capital $ 110.8 Goodwill 583.1 Intangible assets with definite lives: Customer relationships 642.0 Trade names and trademarks 174.0 Technology 3.1 Non-compete 1.0 Property, plant and equipment 475.0 Total purchase price $ 1,989.0
Summary of Unaudited Pro-Forma Consolidated Financial Information	The following table summarizes the unaudited pro-forma consolidated financial information of the Company as if the acquisition had occurred on July 1, 2018. Three Months Ended Nine Months Ended (in millions) March 28, 2020 March 30, 2019 March 28, 2020 March 30, 2019 Net Sales $ 7,000.7 $ 6,139.0 $ 22,443.7 $ 18,405.6 Net (Loss) Income (30.5 ) 8.6 26.3 38.8

Debt (Tables)

Debt (Tables)	9 Months Ended
	Mar. 28, 2020
Schedule of Debt	Debt consisted of the following: (In millions) As of March 28, 2020 As of June 29, 2019 ABL Facility $ 1,809.4 $ 859.0 5.500% Notes due 2024 350.0 350.0 5.500% Notes due 2027 1,060.0 - Less: Original issue discount and deferred financing costs (33.0 ) (6.1 ) Long-term debt 3,186.4 1,202.9 Less: current installments - - Total debt, excluding current installments $ 3,186.4 $ 1,202.9
ABL Facility [Member]
Summary of Outstanding Borrowings, Availability, and Average Interest Rate under ABL Facility	The following table summarizes outstanding borrowings, availability, and the average interest rate under the ABL Facility: (Dollars in millions) As of March 28, 2020 As of June 29, 2019 Aggregate borrowings $ 1,809.4 $ 859.0 Letters of credit under ABL Facility 139.1 89.9 Excess availability, net of lenders’ reserves of $70.1 and $38.6 848.8 1,182.7 Average interest rate 2.72 % 4.01 %

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Mar. 28, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Swap Agreements	The following table summarizes the outstanding interest rate swap agreement as of March 28, 2020 (in millions): Effective Date Maturity Date Notional Amount Fixed Rate Swapped 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 % August 9, 2021 April 9, 2023 $ 100.0 2.93 % April 15, 2021 December 15, 2024 $ 350.0 0.84 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 28, 2020
Leases [Abstract]
Summary of Right-of-Use Assets and Lease Liabilities in Consolidated Balance Sheet	The following table presents the location of the right-of-use assets and lease liabilities in the Company’s consolidated balance sheet as of March 28, 2020 (in millions), as well as the weighted-average lease term and discount rate for the Company’s leases: Leases Consolidated Balance Sheet Location As of March 28, 2020 Assets: Operating Operating lease right-of-use assets $ 440.8 Finance Property, plant and equipment, net 200.1 Total lease assets $ 640.9 Liabilities: Current Operating Operating lease obligations—current installments $ 83.3 Finance Finance lease obligations—current installments 28.1 Non-current Operating Operating lease obligations, excluding current installments 360.6 Finance Finance lease obligations, excluding current installments 182.1 Total lease liabilities $ 654.1 Weighted average remaining lease term Operating leases 8.1 years Finance leases 7.0 years Weighted average discount rate Operating leases 5.1 % Finance leases 5.3 %
Summary of Location of Lease Costs in Consolidated Statement of Operations	The following table presents the location of lease costs in the Company consolidated statement of operations for the three and nine months ended March 28, 2020 (in millions): Lease Cost Statement of Operations Location Three months ended March 28, 2020 Nine months ended March 28, 2020 Finance lease cost: Amortization of finance lease assets Operating expenses $ 6.7 $ 17.2 Interest on lease liabilities Interest expense 2.7 7.6 Total finance lease cost $ 9.4 $ 24.8 Operating lease cost Operating expenses 28.9 83.7 Short-term lease cost Operating expenses 6.6 18.1 Total lease cost $ 44.9 $ 126.6
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases for the period reported is as follows (in millions): (In millions) Nine months ended March 28, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 81.1 Operating cash flows from finance leases 7.6 Financing cash flows from finance leases 16.9 Right-of-use assets obtained in exchange for lease obligations: Operating leases 49.6 Finance leases 26.8
Summary of Future Minimum Lease Payments Under Non-Cancelable Leases	Future minimum lease payments under non-cancelable leases as of March 28, 2020 are as follows (in millions): Fiscal Year Operating Leases Finance Leases Remaining 2020 $ 26.7 $ 9.7 2021 101.2 38.5 2022 84.0 38.0 2023 68.1 36.9 2024 50.6 36.0 Thereafter 224.8 95.1 Total future minimum lease payments $ 555.4 $ 254.2 Less: Interest 111.5 44.0 Present value of future minimum lease payments $ 443.9 $ 210.2
Schedule of Future Minimum Lease Payments Under Non-Cancelable Leases Prior to Adoption of ASC 842	Future minimum lease payments in effect as of June 29, 2019 under non-cancelable leases, as determined prior to the adoption of ASC 842, were as follows (in millions): Fiscal Year Operating Leases Finance Leases 2020 $ 104.7 $ 26.7 2021 89.6 26.3 2022 73.8 25.8 2023 58.2 24.7 2024 40.8 23.9 Thereafter 163.8 58.4 Total future minimum lease payments $ 530.9 $ 185.8 Less: Interest 38.6 Present value of future minimum lease payments $ 147.2

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Mar. 28, 2020
Earnings Per Share [Abstract]
Schedule of Reconciliation of Numerators and Denominators for Basic and Diluted Earnings Per Common Share Computations	A reconciliation of the numerators and denominators for the basic and diluted earnings per common share computations is as follows: (In millions, except per share amounts) Three months ended March 28, 2020 Three months ended March 30, 2019 Nine months ended March 28, 2020 Nine months ended March 30, 2019 Numerator: Net (Loss) Income $ (40.2 ) $ 32.3 $ 37.1 $ 103.6 Denominator: Weighted-average common shares outstanding 115.9 103.8 108.1 103.8 Dilutive effect of potential common shares - 1.3 1.4 1.3 Weighted-average dilutive shares outstanding 115.9 105.1 109.5 105.1 Basic (loss) earnings per common share $ (0.35 ) $ 0.31 $ 0.34 $ 1.00 Diluted (loss) earnings per common share $ (0.35 ) $ 0.31 $ 0.34 $ 0.99

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 28, 2020
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. (In millions) Foodservice Vistar Corporate & All Other Eliminations Consolidated For the three months ended March 28, 2020 Net external sales $ 4,946.6 $ 2,048.5 $ 5.6 $ — $ 7,000.7 Inter-segment sales 3.3 0.7 101.5 (105.5 ) — Total sales 4,949.9 2,049.2 107.1 (105.5 ) 7,000.7 Depreciation and amortization 79.9 13.1 6.3 — 99.3 Capital expenditures 21.5 23.2 7.4 — 52.1 For the three months ended March 30, 2019 Net external sales $ 3,792.8 $ 891.5 $ 4.7 $ — $ 4,689.0 Inter-segment sales 2.4 0.6 66.9 (69.9 ) — Total sales 3,795.2 892.1 71.6 (69.9 ) 4,689.0 Depreciation and amortization 24.2 9.5 6.0 — 39.7 Capital expenditures 24.5 2.8 5.7 — 33.0 (In millions) Foodservice Vistar Corporate & All Other Eliminations Consolidated For the nine months ended March 28, 2020 Net external sales $ 12,717.5 $ 6,577.6 $ 17.2 $ — $ 19,312.3 Inter-segment sales 10.7 1.9 248.5 (261.1 ) — Total sales 12,728.2 6,579.5 265.7 (261.1 ) 19,312.3 Depreciation and amortization 130.3 36.2 19.3 — 185.8 Capital expenditures 37.8 44.7 18.6 — 101.1 For the nine months ended March 30, 2019 Net external sales $ 11,105.4 $ 2,724.6 $ 14.4 $ — $ 13,844.4 Inter-segment sales 7.7 2.0 196.3 (206.0 ) — Total sales 11,113.1 2,726.6 210.7 (206.0 ) 13,844.4 Depreciation and amortization 66.8 27.7 17.8 — 112.3 Capital expenditures 67.2 9.5 16.4 — 93.1
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 Nine Months Ended March 28, 2020 March 30, 2019 March 28, 2020 March 30, 2019 Foodservice EBITDA $ 91.7 $ 99.4 $ 309.3 $ 295.7 Vistar EBITDA 40.7 37.0 148.8 114.0 Corporate & All Other EBITDA (58.4 ) (36.5 ) (153.4 ) (114.1 ) Depreciation and amortization (99.3 ) (39.7 ) (185.8 ) (112.3 ) Interest expense (35.2 ) (16.5 ) (78.9 ) (48.1 ) Income before taxes $ (60.5 ) $ 43.7 $ 40.0 $ 135.2
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 March 28, 2020 As of June 29, 2019 Foodservice $ 5,734.2 $ 3,152.3 Vistar 1,524.0 1,271.0 Corporate & All Other 612.6 230.2 Total assets $ 7,870.8 $ 4,653.5

Summary of Business Activities

Summary of Business Activities - Additional Information (Detail) - USD ($)	Apr. 16, 2020	Dec. 30, 2019	Nov. 22, 2019	Nov. 20, 2019	Mar. 28, 2020	Mar. 30, 2019	Mar. 28, 2020	Mar. 30, 2019	Nov. 13, 2018
Business Description [Line Items]
Repurchased and retired shares, value					$ 5,000,000	$ 4,100,000	$ 5,000,000	$ 9,300,000
Shares issued, aggregate offering price					$ 490,600,000		490,600,000
Net proceeds received from common stock offering							$ 490,600,000
Underwriter's Option [Member]
Business Description [Line Items]
Stock issued				10,120,000
Shares issued, aggregate offering price		$ 514,900,000
Underwriting discount per share		$ 1.55
Payment of underwriting discounts and commissions		$ 18,000,000
Direct offering expenses		6,300,000
Net proceeds received from common stock offering		$ 490,600,000
Underwriter's Option [Member] | Subsequent Event [Member]
Business Description [Line Items]
Stock issued	15,525,000
Stock issued, price per share	$ 22.50
Shares issued, aggregate offering price	$ 349,300,000
Underwriting discount per share	$ 0.73
Payment of underwriting discounts and commissions	$ 11,300,000
Direct offering expenses	300,000
Net proceeds received from common stock offering	$ 337,700,000
Offering price per share net of underwriting discounts and commissions	$ 21.77
Underwriter's Option [Member] | Forward Sale [Member]
Business Description [Line Items]
Stock issued			1,518,000
Stock issued, price per share		$ 42.70
Maximum [Member] | Underwriter's Option [Member] | Forward Sale [Member]
Business Description [Line Items]
Option to purchase common stock				1,518,000
Common Stock [Member]
Business Description [Line Items]
Number of shares repurchased and retired					300,000	100,000	300,000	300,000
Repurchased and retired shares, value					$ 5,000,000	$ 4,100,000	$ 5,000,000	$ 9,300,000
Share repurchase plan, remaining available amount					$ 235,700,000		$ 235,700,000
Stock issued					11,600,000		11,600,000
Shares issued, aggregate offering price					$ 100,000		$ 100,000
Common Stock [Member] | Maximum [Member]
Business Description [Line Items]
Share repurchase program, authorized amount									$ 250,000,000

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Millions	Mar. 28, 2020	Jun. 30, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease liabilities	$ 443.9
Operating lease obligations—current installments	83.3
Operating lease liability, noncurrent	360.6
Operating lease, right-of-use asset	$ 440.8
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease liabilities		$ 423.8
Operating lease obligations—current installments		82.1
Operating lease liability, noncurrent		341.7
Operating lease, right-of-use asset		423
Operating lease liability, deferred rent		11
Operating lease, intangible assets		5.3
Operating lease, prepaid rent and other adjustments		$ 4.9

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($) $ in Millions	Mar. 28, 2020	Jun. 29, 2019
Revenue From Contract With Customer [Abstract]
Contract assets	$ 15.7	$ 10.6

Business Combinations - Additio

Business Combinations - Additional Information (Detail) $ in Millions	Dec. 30, 2019USD ($)	Mar. 28, 2020USD ($)Acquisition	Mar. 30, 2019USD ($)Acquisition	Jun. 29, 2019USD ($)
Business Acquisition [Line Items]
Cash payment for acquisition		$ 1,989	$ 57.7
Number of acquisitions | Acquisition		1	3
Net proceeds from offering common stock		$ 490.6
Estimated fair value of assets acquired and liabilities		1,348.9		$ 765.8
Acquisition costs, after tax			$ 18.8
Eby-Brown [Member]
Business Acquisition [Line Items]
Total contingent consideration, outstanding		91.1		$ 82.6
Reinhart [Member]
Business Acquisition [Line Items]
Business combination, purchase price	$ 2,000
Business combination, purchase price net of tax benefit	1,700
Business combination, estimated tax benefit	265
Net proceeds from offering common stock	490.6
Accelerated amortization of intangible assets		16.4
Net loss		29.1
Net sales		$ 1,355.1
Reinhart [Member] | ABL Facility [Member]
Business Acquisition [Line Items]
Borrowings	464.7
Reinhart [Member] | 5.500% Senior Notes due 2027 [Member]
Business Acquisition [Line Items]
Net proceeds from new notes	$ 1,033.7
2020 Acquisitions [Member]
Business Acquisition [Line Items]
Intangible assets weighted-average useful life		10 years 4 months 24 days
Estimated fair value of assets acquired and liabilities		$ 583.1
2020 Acquisitions [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Finite lived intangible assets useful life		11 years 6 months
2020 Acquisitions [Member] | Trademarks and Trade Names [Member]
Business Acquisition [Line Items]
Finite lived intangible assets useful life		6 years 6 months
2020 Acquisitions [Member] | Technology [Member]
Business Acquisition [Line Items]
Finite lived intangible assets useful life		8 years
2020 Acquisitions [Member] | Noncompete Agreements [Member]
Business Acquisition [Line Items]
Finite lived intangible assets useful life		3 years
Business Acquisition Cost [Member]
Business Acquisition [Line Items]
Cash payment for acquisition		$ 2,000	$ 58.1

Business Combinations - Summary

Business Combinations - Summary of Preliminary Purchase Price Allocation of Major Class of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions	Mar. 28, 2020	Jun. 29, 2019
Business Acquisition [Line Items]
Goodwill	$ 1,348.9	$ 765.8
2020 Acquisitions [Member]
Business Acquisition [Line Items]
Net working capital	110.8
Goodwill	583.1
Property, plant and equipment	475
Total purchase price	1,989
2020 Acquisitions [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible assets with definite lives	642
2020 Acquisitions [Member] | Trademarks and Trade Names [Member]
Business Acquisition [Line Items]
Intangible assets with definite lives	174
2020 Acquisitions [Member] | Technology [Member]
Business Acquisition [Line Items]
Intangible assets with definite lives	3.1
2020 Acquisitions [Member] | Noncompete Agreements [Member]
Business Acquisition [Line Items]
Intangible assets with definite lives	$ 1

Business Combinations - Summa_2

Business Combinations - Summary of Unaudited Pro-Forma Consolidated Financial Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 28, 2020	Mar. 30, 2019	Mar. 28, 2020	Mar. 30, 2019
Business Combinations [Abstract]
Net Sales	$ 7,000.7	$ 6,139	$ 22,443.7	$ 18,405.6
Net (Loss) Income	$ (30.5)	$ 8.6	$ 26.3	$ 38.8

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Detail) - USD ($) $ in Millions	Mar. 28, 2020	Jun. 29, 2019
Debt Instrument [Line Items]
Less: Original issue discount and deferred financing costs	$ (33)	$ (6.1)
Long-term debt	3,186.4	1,202.9
Total debt, excluding current installments	3,186.4	1,202.9
ABL Facility [Member]
Debt Instrument [Line Items]
Long-term debt, gross	1,809.4	859
5.500% Senior Notes due 2024 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	350	$ 350
5.500% Senior Notes due 2027 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,060

Debt - Schedule of Debt (Parent

Debt - Schedule of Debt (Parenthetical) (Detail)	May 17, 2016	Mar. 28, 2020	Sep. 27, 2019
5.500% Senior Notes due 2024 [Member]
Debt Instrument [Line Items]
Debt instruments amount, interest rate	5.50%	5.50%
Debt instruments maturity year	2024	2024
5.500% Senior Notes due 2027 [Member]
Debt Instrument [Line Items]
Debt instruments amount, interest rate		5.50%	5.50%
Debt instruments maturity year		2027

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	Apr. 21, 2020	Sep. 27, 2019	Aug. 09, 2019	May 17, 2016	Mar. 28, 2020	Mar. 28, 2020	Apr. 29, 2020	Jun. 29, 2019
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					$ 28.3	$ 28.3
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					3,000	$ 3,000
Credit facility, maturity date						Dec. 30, 2024
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					$ 139.1	$ 139.1		$ 89.9
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%
First Amendment [Member] | Subsequent Event [Member] | Revolving Credit Line [Member]
Debt Instrument [Line Items]
Additional short term loan							$ 110
First Amendment [Member] | Minimum [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Debt instruments face amount							3,000
First Amendment [Member] | Maximum [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Debt instruments face amount							$ 3,110
5.500% Senior Notes due 2027 [Member]
Debt Instrument [Line Items]
Debt instruments face amount		$ 1,060
Debt instruments amount, interest rate		5.50%			5.50%	5.50%
Issue price of notes as a percentage of par value		100.00%
Debt Instrument maturity date		Oct. 15, 2027
Debt instruments frequency of payments						semi-annually
Debt Instrument, description of redemption						Upon the occurrence of a change of control triggering event or upon the sale of certain assets in which Performance Food Group, Inc. does not apply the proceeds as required, the holders of the Notes due 2027 will have the right to require Performance Food Group, Inc. to repurchase each holder’s Notes due 2027 at a price equal to 101% (in the case of a change of control triggering event) or 100% (in the case of an asset sale) of their principal amount, plus accrued and unpaid interest.
Percentage price of principal amount at which debt can be redeemed		100.00%
Debt instruments maturity year						2027
5.500% Senior Notes due 2027 [Member] | Change of Control Triggering Event [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed		101.00%
5.500% Senior Notes due 2027 [Member] | Case of Asset Sale [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed		100.00%
5.500% Senior Notes due 2027 [Member] | Beginning on October 15, 2022 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed		102.75%
5.500% Senior Notes due 2027 [Member] | On October 15, 2023 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed		101.375%
5.500% Senior Notes due 2027 [Member] | On October 15, 2024 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed		100.00%
5.500% Senior Notes due 2027 [Member] | Prior to October 15, 2022 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed		105.50%
5.500% Senior Notes due 2027 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Early debt redemption percentage		40.00%
5.500% Senior Notes due 2024 [Member]
Debt Instrument [Line Items]
Debt instruments face amount				$ 350
Debt instruments amount, interest rate				5.50%	5.50%	5.50%
Debt instruments maturity year				2024		2024
6.875% Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Debt instruments amount, interest rate	6.875%
Issue price of notes as a percentage of par value	100.00%
Debt Instrument maturity date	May 1, 2025
Debt instruments frequency of payments						semi-annually
Debt Instrument, description of redemption					Upon the occurrence of a change of control triggering event or upon the sale of certain assets in which Performance Food Group, Inc. does not apply the proceeds as required, the holders of the Notes due 2025 will have the right to require Performance Food Group, Inc. to repurchase each holder’s Notes due 2025 at a price equal to 101% (in the case of a change of control triggering event) or 100% (in the case of an asset sale) of their principal amount, plus accrued and unpaid interest.
6.875% Senior Notes due 2025 [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Debt instruments face amount	$ 275
Debt instruments amount, interest rate	6.875%
Percentage price of principal amount at which debt can be redeemed	100.00%
Debt instruments maturity year	2025
6.875% Senior Notes due 2025 [Member] | Subsequent Event [Member] | Change of Control Triggering Event [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed	101.00%
6.875% Senior Notes due 2025 [Member] | Subsequent Event [Member] | Case of Asset Sale [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed	100.00%
6.875% Senior Notes due 2025 [Member] | Subsequent Event [Member] | Beginning on October 15, 2022 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed	103.438%
6.875% Senior Notes due 2025 [Member] | Subsequent Event [Member] | On October 15, 2023 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed	101.719%
6.875% Senior Notes due 2025 [Member] | Subsequent Event [Member] | On October 15, 2024 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed	100.00%
6.875% Senior Notes due 2025 [Member] | Subsequent Event [Member] | Prior to October 15, 2022 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount at which debt can be redeemed	106.875%
6.875% Senior Notes due 2025 [Member] | Maximum [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Early debt redemption percentage	40.00%

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	Mar. 28, 2020	Jun. 29, 2019
Debt Instrument [Line Items]
Aggregate borrowings	$ 1,809.4	$ 859
Letters of credit under ABL Facility	139.1	89.9
Excess availability, net of lenders’ reserves of $70.1 and $38.6	$ 848.8	$ 1,182.7
Average interest rate	2.72%	4.01%

Debt - Summary of Outstanding_2

Debt - Summary of Outstanding Borrowings, Availability, and Average Interest Rate under ABL Facility (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 28, 2020	Jun. 29, 2019
ABL Facility [Member]
Debt Instrument [Line Items]
Debt amount reserve by lender	$ 70.1	$ 38.6

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Additional Information (Detail)	3 Months Ended		9 Months Ended		21 Months Ended
	Mar. 28, 2020USD ($)Interest_Rates_SwapsArrangement	Mar. 30, 2019USD ($)	Mar. 28, 2020USD ($)Interest_Rates_SwapsArrangementgal	Mar. 30, 2019USD ($)	Dec. 31, 2021gal
Derivative [Line Items]
Change in fair value, net of tax	$ (6,700,000)	$ (1,500,000)	$ (6,700,000)	$ (3,700,000)
Number of arrangements | Arrangement	16		16
Non-monetary notional amount volume | gal			32,700,000
Scenario Forecast [Member]
Derivative [Line Items]
Non-monetary notional amount volume | gal					28,400,000
Interest Rate Swaps [Member]
Derivative [Line Items]
Number of interest rate swaps | Interest_Rates_Swaps	8		8
Notional Amount	$ 850,000,000		$ 850,000,000
Change in fair value, net of tax	(6,700,000)		(6,700,000)
Fuel Collar Instruments [Member]
Derivative [Line Items]
Recognized loss related to changes in fair value	$ (7,400,000)		$ (7,300,000)

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Schedule of Outstanding Interest Rate Swap Agreement (Detail)	9 Months Ended
	Mar. 28, 2020USD ($)
Interest Rate Swap Agreement One [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 Two [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 Three [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 Four [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 Five [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 Six [Member]
Derivative [Line Items]
Effective Date	Jun. 30, 2020
Maturity Date	Dec. 31, 2021
Notional Amount	$ 100,000,000
Fixed Rate Swapped	2.16%
Interest Rate Swap Agreement Seven [Member]
Derivative [Line Items]
Effective Date	Aug. 9, 2021
Maturity Date	Apr. 9, 2023
Notional Amount	$ 100,000,000
Fixed Rate Swapped	2.93%
Interest Rate Swap Agreement Eight [Member]
Derivative [Line Items]
Effective Date	Apr. 15, 2021
Maturity Date	Dec. 15, 2024
Notional Amount	$ 350,000,000
Fixed Rate Swapped	0.84%

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	9 Months Ended
	Mar. 28, 2020USD ($)
Lessee Lease Description [Line Items]
Operating lease renewal term	10 years
Operating lease, Option to extend	true
Operating lease, Option to extend description	options to extend the leases for up to 10 years
Operating lease, Option to terminate description	options to terminate the leases within 1 year
Operating lease, Option to terminate	true
Finance lease renewal term	10 years
Finance lease, Option to extend	true
Finance lease, Option to extend description	options to extend the leases for up to 10 years
Finance lease, Option to terminate description	options to terminate the leases within 1 year
Finance lease, Option to terminate	true
Undiscounted maximum amount for guarantees	$ 23.6
Future minimum operating lease and finance lease payments, not yet commenced	$ 47.7
Operating leases commencement year	2020
Residual value guarantee	$ 0.4
Minimum [Member]
Lessee Lease Description [Line Items]
Operating lease remaining term	1 year
Finance lease remaining term	1 year
Percentage of residual value guarantee under operating lease	6.00%
Operating lease expiration term	5 years
Operating lease expiration year	2020
Operating leases, not yet commenced, lease term	7 years
Maximum [Member]
Lessee Lease Description [Line Items]
Operating lease remaining term	20 years
Finance lease remaining term	20 years
Percentage of residual value guarantee under operating lease	16.00%
Operating lease expiration term	7 years 2 months 12 days
Operating lease expiration year	2027
Operating leases, not yet commenced, lease term	15 years

Leases - Summary of Right-of-Us

Leases - Summary of Right-of-Use Assets and Lease Liabilities in Consolidated Balance Sheet (Detail) - USD ($) $ in Millions	Mar. 28, 2020	Jun. 29, 2019
ASSETS
Operating	$ 440.8
Finance	$ 200.1
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:PropertyPlantAndEquipmentNet
Total lease assets	$ 640.9
Current liabilities:
Operating	83.3
Finance	28.1	$ 18.3
Non-current Liabilities:
Operating	360.6
Finance	182.1	$ 128.9
Total lease liabilities	$ 654.1
Weighted average remaining lease term
Operating leases	8 years 1 month 6 days
Finance leases	7 years
Weighted average discount rate
Operating leases	5.10%
Finance leases	5.30%

Leases - Summary of Location of

Leases - Summary of Location of Lease Costs in Consolidated Statement of Operations (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 28, 2020	Mar. 28, 2020
Finance lease cost:
Amortization of finance lease assets	$ 6.7	$ 17.2
Interest on lease liabilities	2.7	7.6
Total finance lease cost	9.4	24.8
Operating lease cost	28.9	83.7
Short-term lease cost	6.6	18.1
Total lease cost	$ 44.9	$ 126.6

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information related to Leases (Detail) - USD ($) $ in Millions	9 Months Ended
	Mar. 28, 2020	Mar. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 81.1
Operating cash flows from finance leases	7.6
Financing cash flows from finance leases	16.9	$ 9.3
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	49.6
Finance leases	$ 26.8

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Lease Payments Under Non-Cancelable Leases (Detail) $ in Millions	Mar. 28, 2020USD ($)
Operating Leases
Remaining 2020	$ 26.7
2021	101.2
2022	84
2023	68.1
2024	50.6
Thereafter	224.8
Total future minimum lease payments	555.4
Less: Interest	111.5
Present value of future minimum lease payments	443.9
Finance Leases
Remaining 2020	9.7
2021	38.5
2022	38
2023	36.9
2024	36
Thereafter	95.1
Total future minimum lease payments	254.2
Less: Interest	44
Present value of future minimum lease payments	$ 210.2

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Under Non-Cancelable Leases Prior to Adoption of ASC 842 (Detail) $ in Millions	Jun. 29, 2019USD ($)
Operating Leases
2020	$ 104.7
2021	89.6
2022	73.8
2023	58.2
2024	40.8
Thereafter	163.8
Total future minimum lease payments	530.9
Finance Leases
2020	26.7
2021	26.3
2022	25.8
2023	24.7
2024	23.9
Thereafter	58.4
Total future minimum lease payments	185.8
Less: Interest	38.6
Present value of future minimum lease payments	$ 147.2

Fair Value of Financial Instr_2

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	Mar. 28, 2020	Jun. 29, 2019
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Long-term debt	$ 3,186.4	$ 1,202.9
Reported Value Measurement [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Long-term debt	3,186.4	1,202.9
Fair Value Inputs Level 2 [Member]
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Fair value of long term debt	$ 3,071.2	$ 1,216.3

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 28, 2020	Mar. 30, 2019	Mar. 28, 2020	Mar. 30, 2019	Jun. 29, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate	33.60%	26.10%	7.30%	23.40%
U.S. federal corporate income tax rate	21.00%
Net deferred tax assets	$ 29.1		$ 29.1		$ 29.1
Net deferred tax liabilities	129.5		129.5		137.1
Valuation allowance	0.5		0.5		0.5
Unrecognized tax benefits	$ 0.5		0.5		$ 1.9
Decrease in unrecognized tax benefits			$ 0.4

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Mar. 28, 2020USD ($)
Commitments And Contingencies Disclosure [Abstract]
Outstanding contracts and purchase orders for capital projects and services	$ 32.8

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Detail) - Purchasing Alliance [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 28, 2020	Mar. 30, 2019	Mar. 28, 2020	Mar. 30, 2019	Jun. 29, 2019
Related Party Transaction [Line Items]
Equity method investments	$ 4.9		$ 4.9		$ 4.6
Purchases from related party	$ 234.8	$ 224.8	$ 733.2	$ 657.9

Earnings Per Common Share - Sch

Earnings Per Common Share - Schedule of Reconciliation of Numerators and Denominators for Basic and Diluted Earnings Per Common Share Computations (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 28, 2020	Mar. 30, 2019	Mar. 28, 2020	Mar. 30, 2019
Numerator:
Net (loss) income	$ (40.2)	$ 32.3	$ 37.1	$ 103.6
Denominator:
Weighted-average common shares outstanding	115.9	103.8	108.1	103.8
Dilutive effect of potential common shares		1.3	1.4	1.3
Weighted-average dilutive shares outstanding	115.9	105.1	109.5	105.1
Basic (loss) earnings per common share	$ (0.35)	$ 0.31	$ 0.34	$ 1
Diluted (loss) earnings per common share	$ (0.35)	$ 0.31	$ 0.34	$ 0.99

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Mar. 28, 2020Segment
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		9 Months Ended
	Mar. 28, 2020	Mar. 30, 2019	Mar. 28, 2020	Mar. 30, 2019
Segment Reporting Information [Line Items]
Net sales	$ 7,000.7	$ 4,689	$ 19,312.3	$ 13,844.4
Depreciation and amortization	99.3	39.7	185.8	112.3
Capital expenditures	52.1	33	101.1	93.1
Foodservice [Member]
Segment Reporting Information [Line Items]
Net sales	4,946.6	3,792.8	12,717.5	11,105.4
Depreciation and amortization	79.9	24.2	130.3	66.8
Capital expenditures	21.5	24.5	37.8	67.2
Vistar [Member]
Segment Reporting Information [Line Items]
Net sales	2,048.5	891.5	6,577.6	2,724.6
Depreciation and amortization	13.1	9.5	36.2	27.7
Capital expenditures	23.2	2.8	44.7	9.5
Corporate & All Other [Member]
Segment Reporting Information [Line Items]
Net sales	5.6	4.7	17.2	14.4
Depreciation and amortization	6.3	6	19.3	17.8
Capital expenditures	7.4	5.7	18.6	16.4
Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(105.5)	(69.9)	(261.1)	(206)
Eliminations [Member] | Foodservice [Member]
Segment Reporting Information [Line Items]
Net sales	3.3	2.4	10.7	7.7
Eliminations [Member] | Vistar [Member]
Segment Reporting Information [Line Items]
Net sales	0.7	0.6	1.9	2
Eliminations [Member] | Corporate & All Other [Member]
Segment Reporting Information [Line Items]
Net sales	101.5	66.9	248.5	196.3
Operating Segments [Member] | Foodservice [Member]
Segment Reporting Information [Line Items]
Net sales	4,949.9	3,795.2	12,728.2	11,113.1
Operating Segments [Member] | Vistar [Member]
Segment Reporting Information [Line Items]
Net sales	2,049.2	892.1	6,579.5	2,726.6
Operating Segments [Member] | Corporate & All Other [Member]
Segment Reporting Information [Line Items]
Net sales	$ 107.1	$ 71.6	$ 265.7	$ 210.7

Segment Information - Schedul_2

Segment Information - Schedule of EBDITA and Reconciliation to Consolidated Income Before Taxes (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 28, 2020	Mar. 30, 2019	Mar. 28, 2020	Mar. 30, 2019
Segment Reporting Information [Line Items]
Depreciation and amortization	$ (99.3)	$ (39.7)	$ (185.8)	$ (112.3)
Interest expense	(35.2)	(16.5)	(78.9)	(48.1)
Income before taxes	(60.5)	43.7	40	135.2
Foodservice [Member]
Segment Reporting Information [Line Items]
EBITDA	91.7	99.4	309.3	295.7
Depreciation and amortization	(79.9)	(24.2)	(130.3)	(66.8)
Vistar [Member]
Segment Reporting Information [Line Items]
EBITDA	40.7	37	148.8	114
Depreciation and amortization	(13.1)	(9.5)	(36.2)	(27.7)
Corporate & All Other [Member]
Segment Reporting Information [Line Items]
EBITDA	(58.4)	(36.5)	(153.4)	(114.1)
Depreciation and amortization	$ (6.3)	$ (6)	$ (19.3)	$ (17.8)

Segment Information - Summary A

Segment Information - Summary Assets by Reportable Segment, Excluding Intercompany Receivables (Detail) - USD ($) $ in Millions	Mar. 28, 2020	Jun. 29, 2019
Segment Reporting Information [Line Items]
Total assets	$ 7,870.8	$ 4,653.5
Foodservice [Member]
Segment Reporting Information [Line Items]
Total assets	5,734.2	3,152.3
Vistar [Member]
Segment Reporting Information [Line Items]
Total assets	1,524	1,271
Corporate & All Other [Member]
Segment Reporting Information [Line Items]
Total assets	$ 612.6	$ 230.2