Sysco (SYY) 10-K 27 Aug 24 2024 FY Annual report Financial data

COVER PAGE

COVER PAGE - USD ($)	12 Months Ended
	Jun. 29, 2024	Aug. 16, 2024	Jan. 01, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 29, 2024
Current Fiscal Year End Date	--06-29
Document Transition Report	false
Entity File Number	1-6544
Entity Registrant Name	Sysco Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	74-1648137
Entity Address, Address Line One	1390 Enclave Parkway
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77077-2099
City Area Code	281
Local Phone Number	584-1390
Title of 12(b) Security	Common Stock, $1.00 Par Value
Trading Symbol	SYY
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 36,774,674,879
Entity Common Stock, Shares Outstanding		491,520,584
Documents Incorporated by Reference	Portions of the company’s 2024 Proxy Statement to be filed with the Securities and Exchange Commission no later than 120 days after the end of the fiscal year covered by this Form 10-K are incorporated by reference into Part III.
Entity Central Index Key	0000096021
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

AUDIT INFORMATION

AUDIT INFORMATION	12 Months Ended
	Jun. 29, 2024
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Houston, Texas
Auditor Firm ID	42

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Current assets
Cash and cash equivalents	$ 696	$ 745
Accounts receivable, less allowances of $54 and $46	5,324	5,092
Inventories	4,678	4,481
Prepaid expenses and other current assets	323	284
Income tax receivable	22	6
Total current assets	11,043	10,608
Plant and equipment at cost, less accumulated depreciation	5,497	4,915
Other long-term assets
Goodwill	5,153	4,646
Intangibles, less amortization	1,188	860
Deferred income taxes	445	420
Operating lease right-of-use assets, net	923	732
Other assets	668	640
Total other long-term assets	8,377	7,298
Total assets	24,917	22,821
Current liabilities
Accounts payable	6,290	6,025
Accrued expenses	2,226	2,251
Accrued income taxes	131	102
Current operating lease liabilities	125	99
Current maturities of long-term debt	469	63
Total current liabilities	9,241	8,540
Long-term liabilities
Long-term debt	11,513	10,348
Deferred income taxes	345	303
Long-term operating lease liabilities	838	656
Other long-term liabilities	1,089	932
Total long-term liabilities	13,785	12,239
Noncontrolling interest	31	33
Shareholders’ equity
Preferred stock, par value $1 per share Authorized 1,500,000 shares, issued none	0	0
Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares	765	765
Paid-in capital	1,908	1,815
Retained earnings	12,260	11,311
Accumulated other comprehensive loss	(1,339)	(1,253)
Treasury stock at cost, 273,416,685 and 260,062,834 shares	(11,734)	(10,629)
Total shareholders’ equity	1,860	2,009
Total liabilities and shareholders’ equity	$ 24,917	$ 22,821

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 54	$ 46
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, Authorized (in shares)	1,500,000	1,500,000
Preferred Stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, Authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, issued (in shares)	765,174,900	765,174,900
Treasury stock at cost (in shares)	273,416,685	260,062,834

CONSOLIDATED RESULTS OF OPERATI

CONSOLIDATED RESULTS OF OPERATIONS - USD ($) $ in Millions		12 Months Ended
		Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Income Statement [Abstract]
Sales		$ 78,844	$ 76,325	$ 68,636
Cost of sales		64,236	62,370	56,316
Gross profit		14,608	13,955	12,320
Operating expenses		11,406	10,916	9,974
Operating income		3,202	3,039	2,346
Interest expense		607	527	624
Other expense (income), net	[1]	30	227	(25)
Earnings before income taxes		2,565	2,285	1,747
Income taxes		610	515	388
Net earnings		$ 1,955	$ 1,770	$ 1,359
Net earnings:
Basic earnings per share (in dollars per share)		$ 3.90	$ 3.49	$ 2.66
Diluted earnings per share (in dollars per share)		$ 3.89	$ 3.47	$ 2.64
Average shares outstanding (in shares)		501,238,422	507,362,913	510,630,645
Diluted shares outstanding (in shares)		503,096,086	509,719,756	514,005,827
[1] Sysco’s second quarter of fiscal 2023 included a charge of $315 million in other expense related to pension settlement charges. See Note 14, “Company-Sponsored Employee Benefit Plans.” Sysco’s fourth quarter of fiscal 2023 included $122 million in other income related to a legacy litigation financing agreement. See Note 20, “Commitments and Contingencies.”

CONSOLIDATED RESULTS OF OPERA_2

CONSOLIDATED RESULTS OF OPERATIONS (Parenthetical) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Dec. 30, 2023	Jul. 01, 2023	Dec. 31, 2022	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Pension settlement (charge) income				$ 0	$ (315)	$ 0
United States | Pension Benefits
Pension settlement (charge) income	$ (315)	$ 122	$ (315)	$ 0	$ (315)	$ 0

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Statement of Comprehensive Income [Abstract]
Net earnings	$ 1,955	$ 1,770	$ 1,359
Other comprehensive income (loss):
Foreign currency translation adjustment	(33)	127	(461)
Items presented net of tax:
Amortization of cash flow hedges	7	9	9
Change in net investment hedges	(3)	(21)	54
Change in cash flow hedges	16	(56)	24
Changes in excluded components of fair value hedge	2	0	0
Amortization of actuarial loss	20	24	59
Pension settlement charge	0	237	0
Net actuarial (loss) gain arising in current year	(97)	(89)	(9)
Change in marketable securities	2	(2)	(9)
Total other comprehensive income (loss)	(86)	229	(333)
Comprehensive income	$ 1,869	$ 1,999	$ 1,026

CHANGES IN CONSOLIDATED SHAREHO

CHANGES IN CONSOLIDATED SHAREHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning balance (in shares) at Jul. 03, 2021		765,174,900
Beginning balance at Jul. 03, 2021	$ 1,553	$ 765	$ 1,620	$ 10,152	$ (1,149)	$ (9,835)
Treasury stock beginning balance (in shares) at Jul. 03, 2021						253,342,595
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	1,359			1,359
Other comprehensive (loss) income	(333)				(333)
Dividends declared	(971)			(971)
Treasury stock purchases (in shares)						6,698,991
Treasury stock purchases	(500)					$ (500)
Share-based compensation awards (in shares)						(3,510,043)
Share-based compensation awards	274		146			$ 128
Ending balance (in shares) at Jul. 02, 2022		765,174,900
Ending balance at Jul. 02, 2022	1,382	$ 765	1,766	10,540	(1,482)	$ (10,207)
Treasury stock ending balance (in shares) at Jul. 02, 2022						256,531,543
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	1,770			1,770
Other comprehensive (loss) income	229				229
Dividends declared	(999)			(999)
Treasury stock purchases (in shares)						6,231,071
Treasury stock purchases	(500)					$ (500)
Increase in ownership interest in subsidiaries	(2)		(2)
Share-based compensation awards (in shares)						(2,699,780)
Share-based compensation awards	129		51			$ 78
Ending balance (in shares) at Jul. 01, 2023		765,174,900
Ending balance at Jul. 01, 2023	$ 2,009	$ 765	1,815	11,311	(1,253)	$ (10,629)
Treasury stock ending balance (in shares) at Jul. 01, 2023	260,062,834					260,062,834
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	$ 1,955			1,955
Other comprehensive (loss) income	(86)				(86)
Dividends declared	(1,006)			(1,006)
Treasury stock purchases (in shares)						16,452,041
Treasury stock purchases	(1,241)		(25)			$ (1,216)
Share-based compensation awards (in shares)						(3,098,190)
Share-based compensation awards	229		118			$ 111
Ending balance (in shares) at Jun. 29, 2024		765,174,900
Ending balance at Jun. 29, 2024	$ 1,860	$ 765	$ 1,908	$ 12,260	$ (1,339)	$ (11,734)
Treasury stock ending balance (in shares) at Jun. 29, 2024	273,416,685					273,416,685

CHANGES IN CONSOLIDATED SHARE_2

CHANGES IN CONSOLIDATED SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 2.01	$ 1.97	$ 1.90

CONSOLIDATED CASH FLOWS

CONSOLIDATED CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Cash flows from operating activities:
Net earnings	$ 1,955	$ 1,770	$ 1,359
Adjustments to reconcile net earnings to cash provided by operating activities:
Pension settlement charge	0	315	0
Share-based compensation expense	104	96	122
Depreciation and amortization	873	776	773
Operating lease asset amortization	124	113	108
Amortization of debt issuance and other debt-related costs	19	20	22
Deferred income taxes	27	(16)	(64)
Provision for losses (gains) on receivables	57	36	(15)
Loss on extinguishment of debt	0	0	116
Other non-cash items	(12)	(7)	(13)
Additional changes in certain assets and liabilities, net of effect of businesses acquired:
Increase in receivables	(110)	(271)	(971)
Increase in inventories	(70)	(22)	(709)
(Increase) decrease in prepaid expenses and other current assets	(2)	2	5
Increase in accounts payable	104	196	810
(Decrease) increase in accrued expenses	(12)	22	423
Decrease in operating lease liabilities	(144)	(134)	(126)
Increase (decrease) in accrued income taxes	13	92	(10)
Decrease (increase) in other assets	38	6	(1)
Increase (decrease) in other long-term liabilities	25	(126)	(38)
Net cash provided by operating activities	2,989	2,868	1,791
Cash flows from investing activities:
Additions to plant and equipment	(832)	(793)	(633)
Proceeds from sales of plant and equipment	79	42	24
Acquisition of businesses, net of cash acquired	(1,210)	(37)	(1,281)
Purchase of marketable securities	(33)	(16)	(19)
Proceeds from sales of marketable securities	29	12	17
Other investing activities	5	7	14
Net cash used for investing activities	(1,962)	(785)	(1,878)
Cash flows from financing activities:
Bank and commercial paper borrowings, net	200	0	0
Other debt borrowings including senior notes	1,362	249	1,248
Other debt repayments including senior notes	(447)	(830)	(494)
Redemption premiums and repayments for senior notes	0	0	(1,396)
Cash received from termination of interest rate swap agreements	0	0	23
Proceeds from stock option exercises	120	79	128
Stock repurchases	(1,232)	(500)	(500)
Dividends paid	(1,008)	(996)	(959)
Other financing activities	(33)	(58)	(37)
Net cash used for financing activities	(1,038)	(2,056)	(1,987)
Effect of exchange rates on cash, cash equivalents and restricted cash	(10)	8	(32)
Net (decrease) increase in cash, cash equivalents and restricted cash	(21)	35	(2,106)
Cash, cash equivalents and restricted cash at beginning of period	966	931	3,037
Cash, cash equivalents and restricted cash at end of period	945	966	931
Cash paid during the period for:
Interest	557	511	498
Income taxes, net of refunds	$ 564	$ 444	$ 450

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES	12 Months Ended
	Jun. 29, 2024
Accounting Policies [Abstract]
SUMMARY OF ACCOUNTING POLICIES	SUMMARY OF ACCOUNTING POLICIES Business and Consolidation Sysco Corporation, acting through its subsidiaries and divisions (Sysco or the company), is engaged in the marketing and distribution of a wide range of food and related products primarily to the foodservice or food-away-from-home industry. These services are performed for approximately 730,000 customers from 340 distribution facilities located throughout North America and Europe. Sysco’s fiscal year ends on the Saturday nearest to June 30th. This resulted in a 52-week year ended June 29, 2024 for fiscal 2024, a 52-week year ended July 1, 2023 for fiscal 2023, and a 52-week year ended July 2, 2022 for fiscal 2022. The company will have a 52-week year ending June 28, 2025 for fiscal 2025. The accompanying financial statements include the accounts of Sysco and its consolidated subsidiaries. All significant intercompany transactions and account balances have been eliminated. The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates that affect the reported amounts of assets, liabilities, sales and expenses. Actual results could differ from the estimates used. Cash and Cash Equivalents Cash includes cash equivalents such as cash deposits, time deposits, certificates of deposit, commercial paper, high-quality money market funds and all highly liquid instruments with original maturities of three months or less, which are recorded at fair value. Accounts Receivable, Less Allowances Accounts receivable consist primarily of trade receivables from customers and receivables from suppliers for marketing or incentive programs. Sysco determines the past due status of trade receivables based on contractual terms with each customer and evaluates the collectability of accounts receivable to determine an appropriate allowance for credit losses on trade receivables. To calculate an allowance for credit losses, we estimate uncollectible amounts based on historical loss experience, including those experienced during times of local and regional disasters, current conditions and collection rates, and expectations regarding future losses. Allowances are recorded for all other receivables based on an analysis of historical trends of write-offs and recoveries. We utilize arrangements to sell portions of our trade accounts receivable to third-party financial institutions on a non-recourse basis in exchange for cash. The arrangements meet the requirements for the receivables transferred to be accounted for as sales and are accounted for as a reduction in trade receivables. Proceeds from the sales are reported net of negotiated discount and are recorded as a reduction to accounts receivable outstanding in the company’s consolidated balance sheets and as cash flows from operating activities in the company’s consolidated statements of cash flows. Accounts receivable sold under these arrangements were $5.5 billion and $4.2 billion for the fiscal years ended June 29, 2024 and July 1, 2023, respectively. In certain instances, Sysco has continuing involvement subsequent to the transfer, limited to providing certain servicing and collection actions on behalf of the purchasers of the designated trade receivables. The outstanding aggregate principal amount of receivables that has been derecognized and remain outstanding was $173 million and $86 million at June 29, 2024 and July 1, 2023, respectively. We continue to service the receivables post-transfer on a non-recourse basis with no participating interest. Inventories Inventories consisting primarily of finished goods include food and related products and lodging products held for resale. Inventories are valued at the lower of cost (first-in, first-out method) and net realizable value. Elements of costs include the purchase price of the product and freight charges to deliver the product to the company’s warehouses and are net of certain cash received from vendors (see Vendor Consideration). Inventory balances are adjusted for slow-moving, excess, and obsolete inventories. Inventory valuation reserves are estimated based on the consideration of a variety of factors, including but not limited to, current economic conditions and business trends, seasonal demand, future merchandising strategies and the age of our products. Plant and Equipment Capital additions, improvements and major replacements are classified as plant and equipment and are carried at cost. Depreciation is recorded using the straight-line method, which reduces the book value of each asset in equal amounts over its estimated useful life. Depreciation is included within operating expenses in the consolidated results of operations. Maintenance, repairs and minor replacements are charged to earnings when they are incurred. Upon the disposition of an asset, its accumulated depreciation is deducted from the original cost, and any gain or loss is reflected in current earnings. We capitalize certain computer software and costs incurred in developing and enhancing software for internal use. When these assets become ready for their intended use, these costs are included in computer hardware and software and amortized on a straight-line basis over their estimated useful lives. Capitalized costs related to the acquisition and development of internal use software were $171 million in fiscal 2024, $70 million in fiscal 2023 and $87 million in fiscal 2022. Long-Lived Assets For assets held for use, Sysco groups assets and liabilities at the lowest level for which cash flows are separately identifiable. If the evaluation indicates that the carrying value of the asset group may not be recoverable, the potential impairment is measured using fair value. Impairment losses for assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal. Management reviews long-lived assets, including finite-lived intangible assets, for indicators of impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Cash flows expected to be generated by the related asset groups are estimated over the asset group’s useful life on an undiscounted basis. Goodwill and Indefinite-Lived Intangibles Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill and intangibles with indefinite lives are not amortized. Goodwill is assigned to the reporting units that are expected to benefit from the synergies of a business combination. The recoverability of goodwill and indefinite-lived intangibles is assessed annually, or more frequently as needed when events or changes have occurred that would suggest an impairment of carrying value, by determining whether the fair values of the applicable reporting units exceed their carrying values. This annual testing may be performed utilizing either a qualitative or quantitative assessment; however, if a qualitative assessment is performed and it is determined that the fair value of a reporting unit is more likely than not (i.e., a likelihood of more than 50 percent) to be less than its carrying amount, a quantitative test is performed. For fiscal 2024, we utilized a qualitative assessment for certain reporting units. For the remaining reporting units, Sysco performed a quantitative test using a combination of the income and market approaches. The evaluation of fair value requires a discounted cash flow analysis using projections, estimates and assumptions as to the future performance of the operations in addition to assumptions regarding sales and earnings multiples that would be applied in comparable acquisitions. In the annual fiscal 2024 assessment, all reporting units were concluded to have a fair value that exceeded book value. Derivative Financial Instruments All derivatives are recognized as assets or liabilities within the consolidated balance sheets at fair value at their gross values. Gains or losses on derivative financial instruments designated as fair value hedges are recognized immediately in the consolidated results of operations, along with the offsetting gain or loss related to the underlying hedged item. Gains or losses on derivative financial instruments designated as cash flow hedges are recorded as a component of Accumulated Other Comprehensive Income (Loss) (AOCI) from inception of the hedges and are reclassified to the consolidated results of operations in conjunction with the recognition of the underlying hedged item. For net investment hedges, the remeasurement gain or loss is recorded in accumulated other comprehensive income and will be subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated. Investments in Corporate-Owned Life Insurance Investments in Corporate-Owned Life Insurance (COLI) policies are recorded at their cash surrender values as of each balance sheet date. Changes in the cash surrender value during the period are recorded as a gain or loss within operating expenses. Sysco has the ability and intent to hold certain of its COLI policies to maturity; therefore, the company does not record deferred tax balances related to cash surrender value gains or losses for these policies. We invest in COLI policies relating to our executive deferred compensation plan and Supplemental Executive Retirement Plan (SERP). The total amounts related to the company’s investments in COLI policies included in other assets in the consolidated balance sheets were $166 million and $160 million at June 29, 2024 and July 1, 2023, respectively. Treasury Stock We record treasury stock purchases at cost. Shares removed from treasury are valued at cost using the average cost method. Foreign Currency Translation The assets and liabilities of all foreign subsidiaries are translated at current exchange rates. Related translation adjustments are recorded as a component of AOCI. Revenue Recognition Sysco, in accordance with Accounting Standards Codification (ASC) Topic 606, recognizes revenues when the performance obligation is satisfied. This is the point at which control of the promised goods or services are transferred to our customers. Revenues are recorded in an amount that reflects the consideration Sysco expects to be entitled to receive in exchange for those goods or services. For the majority of our customer arrangements, control transfers to customers at a point-in-time when goods have been delivered, as that is generally when legal title, physical possession and risks and rewards of goods/services transfers to the customer. The timing of satisfaction of the performance obligation is not subject to significant judgment. Sales tax collected from customers is not included in revenue, but rather recorded as a liability due to the respective taxing authorities. Shipping and handling costs include costs associated with the selection of products and delivery to customers and are included within operating expenses. Product Sales Revenues Sysco generates revenue primarily from the distribution and sale of food and related products to its customers. Substantially all revenue is recognized at the point in time in which the product is delivered to the customer. We grant certain customers sales incentives, such as rebates or discounts, which are accounted for as variable consideration. The variable consideration is based on amounts known at the time the performance obligation is satisfied and, therefore, requires minimal judgment. The disclosure of disaggregated revenues is presented in Note 3, “Revenue.” Contract Balances After completion of Sysco’s performance obligations, we have an unconditional right to consideration as outlined in its contracts with customers. We extend credit terms to some of our customers based on our assessment of each customer’s creditworthiness. Customer receivables included in accounts receivable, less allowances in the consolidated balance sheet, were $5.0 billion and $4.7 billion as of June 29, 2024 and July 1, 2023, respectively. Sysco has certain customer contracts in which upfront monies are paid to its customers. These payments have become industry practice and are not related to financing of the customer’s business. They are not associated with any distinct good or service to be received from the customer and therefore, are treated as a reduction of transaction prices. All upfront payments are capitalized in other assets and amortized over the life of the contract or the expected life of the relationship with the customer on a straight-line basis. As of June 29, 2024, Sysco’s contract assets were not significant. We have no significant commissions paid that are directly attributable to obtaining a particular contract. Vendor Consideration Sysco recognizes consideration received from vendors in the form of invoice deductions or cash, and are recorded as a reduction to cost of sales when the related product has been sold by us. In many instances, the vendor consideration is in the form of a specified amount per case or per pound. In these instances, we will recognize the vendor consideration as a reduction of cost of sales when the product is sold. Shipping and Handling Costs Shipping and handling costs include costs associated with the selection of products and delivery to customers. Included in operating expenses are shipping and handling costs of approximately $4.3 billion, $4.0 billion and $3.9 billion in fiscal 2024, 2023 and 2022, respectively. Insurance Program Sysco maintains a self-insurance program covering portions of workers’ compensation, general and vehicle liability and property insurance costs. The amounts in excess of the self-insured levels are fully insured by third party insurers. Sysco has a wholly owned captive insurance subsidiary (the Captive) with the primary purpose to enhance Sysco’s risk financing strategies by providing Sysco the opportunity to negotiate insurance premiums in the non-retail insurance market. The Captive must maintain a sufficient level of cash to fund future reserve payments and secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. The Captive holds restricted assets in order to meet solvency requirements, including a restricted investment portfolio of marketable fixed income securities, which have been classified and accounted for as available-for-sale, and cash and restricted cash equivalents held in a cash deposit account. Further, Sysco has letters of credit available to collateralize the remaining liabilities not covered by restricted cash, restricted cash equivalents and marketable securities. The company also maintains a fully self-insured group medical program. Liabilities associated with these risks are estimated in part by considering historical claims experience, medical cost trends, demographic factors, severity factors and other actuarial assumptions. Share-Based Compensation We recognize share-based compensation expense based on the fair value of the awards that are granted. The fair value of performance share unit awards is determined based on the target number of shares of common stock and the company’s stock price on the date of grant and subsequently adjusted based on actual and forecasted performance compared to planned targets. The fair value of stock options is estimated at the date of grant using the Black-Scholes option pricing model. Option pricing methods require the input of subjective assumptions, including the expected stock price volatility. The fair value of restricted stock and restricted stock unit awards are based on the company’s stock price on the date of grant. Measured compensation cost is recognized ratably over the vesting period of the related share-based compensation award. During the vesting period, we reduce share-based compensation expense for estimated forfeitures based on an analysis of historical trends reviewed annually. Sysco’s estimate of forfeitures is applied at the grant level. The estimate of forfeitures is adjusted to the amount of actual forfeitures at the end of each vesting period. Income Taxes We recognize deferred tax assets and liabilities based on the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured pursuant to tax laws using rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The impact on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to the amount more likely than not to be realized. The additional United States (U.S.) federal tax burden as a result of the global intangible low taxed income regime is accounted for as a periodic cost. The determination of our provision for income taxes requires judgment, the use of estimates and the interpretation and application of complex tax laws. The company’s provision for income taxes primarily reflects a combination of income earned and taxed in the various U.S. federal and state, as well as various foreign jurisdictions. Jurisdictional tax law changes, increases or decreases in permanent differences between book and tax items, accruals or adjustments of accruals for tax contingencies or valuation allowances, and the company’s change in the mix of earnings from these taxing jurisdictions all affect the overall effective tax rate. Acquisitions Acquisitions of businesses are accounted for using the acquisition method of accounting. The financial statements include the results of the acquired operations from the respective dates of acquisition. The purchase price of the acquired entities is preliminarily allocated to the net assets acquired and liabilities assumed based on the estimated fair value at the dates of acquisition. Any excess of cost over the fair value of net assets acquired, including intangibles, is recognized as goodwill. During the measurement period, up to twelve months from the date of acquisition, subsequent changes may be made to adjust the preliminary amounts recognized at the acquisition date to their subsequently determined acquisition-date fair values. Basis of Presentation The financial statements include consolidated balance sheets, consolidated results of operations, consolidated statements of comprehensive income, changes in consolidated shareholders’ equity and consolidated 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 and cash flows in conformity with GAAP for all periods presented have been made. Sysco has interests in various jointly owned foodservice operations in Mexico and Panama for which it consolidates the results of the operations. The financial position, results of operations and cash flows for these companies have been included in Sysco’s consolidated financial statements. The value of the noncontrolling interest in each entity is considered redeemable due to certain features of the investment agreement and has been presented as mezzanine equity, which is outside of permanent equity, in the consolidated balance sheets. The income attributable to the noncontrolling interest is located within Other expense (income), net, in the consolidated results of operations because this amount is not material. The non-cash add back for the change in the value of the noncontrolling interest is located within Other non-cash items on the consolidated cash flows. Supplemental Cash Flow Information Within the Consolidated Statement of Cash Flows, certain items have been grouped as other financing activities. These primarily include cash paid for shares withheld to cover taxes from share-based compensation and debt issuance costs. The following table sets forth the company’s reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statement of Cash Flows that sum to the total of the same such amounts shown in the consolidated balance sheets: Jun. 29, 2024 Jul. 1, 2023 Jul. 2, 2022 (In millions) Cash and cash equivalents $ 696 $ 745 $ 867 Restricted cash (1) 249 221 64 Total cash, cash equivalents and restricted cash shown in the Consolidated Statement of Cash Flows $ 945 $ 966 $ 931 (1) Restricted cash primarily represents cash and cash equivalents of the Captive which is restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within other assets in each consolidated balance sheet. The following table sets forth the company’s non-cash investing and financing activities: Jun. 29, 2024 Jul. 1, 2023 Jul. 2, 2022 (In millions) Non-cash investing and financing activities: Plant and equipment acquired through financing programs $ 402 $ 197 $ — Assets obtained in exchange for finance lease obligations 115 114 192

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	12 Months Ended
	Jun. 29, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
NEW ACCOUNTING STANDARDS	NEW ACCOUNTING STANDARDS Liabilities – Supplier Financing Programs In September 2022, the FASB issued Accounting Standards Update (ASU) 2022-04, Liabilities—Supplier Finance Programs, Subtopic 405-50, that requires entities to disclose in the annual financial statements the key terms of supplier finance programs they use in connection with the purchase of goods and services, along with information about their obligations under these programs, including a roll forward of those obligations. Additionally, the guidance requires disclosure of the outstanding amount of the obligations as of the end of each interim period. The guidance does not affect the recognition, measurement, or financial statement presentation of supplier finance program obligations. The guidance is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2022 (our first quarter of fiscal 2024), except for the roll forward requirement, which is effective annually for fiscal years beginning after December 15, 2023 (our fiscal year 2025). The guidance requires retrospective application to all periods in which a balance sheet is presented, except for the roll forward requirement, which will be applied prospectively. Sysco completed its assessment of the disclosures required under ASU 2022-04 and adopted the standard, with the exception of the roll forward requirement, in the first quarter of fiscal 2024 on a retrospective basis. We have agreements with third parties to provide supplier finance programs which facilitate participating suppliers’ ability to finance payment obligations from the company with designated third-party financial institutions. Participating suppliers may, at their sole discretion, make offers to finance one or more payment obligations of the company prior to their scheduled due dates at a discounted price to participating financial institutions. Obligations of the company that have been confirmed as valid require payment by Sysco upon the due date of the obligation. Our outstanding payment obligations that suppliers financed to participating financial institutions, which are included in accounts payable Jun. 29, 2024 Jul. 1, 2023 Jul. 2, 2022 (In millions) Financed payment obligations $ 102 $ 100 $ 90 Recent Accounting Guidance Not Yet Adopted Segment Reporting In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures to improve reportable segment disclosure requirements through enhanced disclosures about significant segment expenses. ASU 2023-07 expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items and interim disclosures of a reportable segment’s profit or loss and assets. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 (our fiscal 2025), and interim periods for our fiscal years beginning after December 15, 2024 (our first quarter of fiscal 2026), and should be applied on a retrospective basis to all periods presented. Early adoption is permitted. We are currently evaluating the effect of adopting ASU 2023-07 on our disclosures. Income Taxes In December 2023, the FASB issued 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures to enhance income tax information primarily through changes in the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 (our fiscal 2026), on a prospective basis. Early adoption is permitted. We are currently evaluating the effect of adopting ASU 2023-09 on our disclosures.

REVENUE

REVENUE	12 Months Ended
	Jun. 29, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Disaggregation of Sales The following tables present our sales disaggregated by reportable segment and sales mix for our principal product categories for the periods presented: Year Ended Jun. 29, 2024 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In millions) Principal Product Categories Canned and dry products $ 10,677 $ 3,294 $ 931 $ — $ 14,902 Fresh and frozen meats 10,243 2,019 2,033 — 14,295 Frozen fruits, vegetables, bakery and other 8,083 2,718 1,260 — 12,061 Dairy products 5,856 1,610 565 — 8,031 Poultry 5,502 1,115 1,069 — 7,686 Fresh produce 5,451 1,092 282 — 6,825 Paper and disposables 4,035 537 756 58 5,386 Seafood 2,196 442 183 — 2,821 Beverage products 1,436 685 583 88 2,792 Equipment and smallwares (1) 826 197 25 497 1,545 Other (2) 1,034 852 81 533 2,500 Total Sales $ 55,339 $ 14,561 $ 7,768 $ 1,176 $ 78,844 (1) Due to the acquisition of Edward Don & Company (Edward Don), a distributor of foodservice equipment and supplies, “Equipment and smallwares” is now presented as a separate principal product category. See Note 4, “Acquisitions,” for details on this acquisition. (2) Other sales relate to certain non-food products, including textiles and amenities for our hotel supply business, other janitorial products, and medical supplies. Year Ended Jul. 1, 2023 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In millions) Principal Product Categories Canned and dry products $ 10,441 $ 2,949 $ 960 $ 2 $ 14,352 Fresh and frozen meats 9,773 1,857 1,860 — 13,490 Frozen fruits, vegetables, bakery and other 7,662 2,396 1,307 — 11,365 Dairy products 6,022 1,537 650 — 8,209 Poultry 5,501 1,154 1,097 — 7,752 Fresh produce 5,367 1,042 272 — 6,681 Paper and disposables 3,999 551 833 59 5,442 Seafood 2,380 465 178 — 3,023 Beverage products 1,308 585 573 92 2,558 Equipment and smallwares (1) 304 203 24 526 1,057 Other (2) 926 821 89 560 2,396 Total Sales $ 53,683 $ 13,560 $ 7,843 $ 1,239 $ 76,325 (1) Due to the acquisition of Edward Don, a distributor of foodservice equipment and supplies, “Equipment and smallwares” is now presented as a separate principal product category. See Note 4, “Acquisitions,” for details on this acquisition. (2) Other sales relate to certain non-food products, including textiles and amenities for our hotel supply business, other janitorial products, and medical supplies. Year Ended Jul. 2, 2022 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In millions) Principal Product Categories Fresh and frozen meats $ 9,641 $ 1,662 $ 1,967 $ — $ 13,270 Canned and dry products 8,811 2,407 734 11 11,963 Frozen fruits, vegetables, bakery and other 6,356 2,139 1,155 — 9,650 Poultry 5,719 995 977 — 7,691 Dairy products 4,920 1,257 583 — 6,760 Fresh produce 4,539 912 261 — 5,712 Paper and disposables 3,731 493 778 84 5,086 Seafood 2,599 459 156 — 3,214 Beverage products 1,073 474 529 83 2,159 Equipment and smallwares (1) 291 268 22 431 1,012 Other (2) 841 721 84 473 2,119 Total Sales $ 48,521 $ 11,787 $ 7,246 $ 1,082 $ 68,636 (1) Due to the acquisition of Edward Don, a distributor of foodservice equipment and supplies, “Equipment and smallwares” is now presented as a separate principal product category. See Note 4, “Acquisitions,” for details on this acquisition. (2) Other sales relate to certain non-food products, including textiles and amenities for our hotel supply business, other janitorial products, and medical supplies.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Jun. 29, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
ACQUISITIONS	ACQUISITIONS During fiscal 2024, we paid cash of $1.2 billion for several acquisitions. Edward Don & Company On November 27, 2023, Sysco consummated its acquisition of Edward Don (or the acquiree) through a merger between Edward Don and a wholly owned subsidiary of Sysco Corporation, in which Sysco acquired 100% of the members’ equity of the acquiree for cash consideration of $965 million. Edward Don is a leading distributor of foodservice equipment, supplies and disposables and has a robust supply chain that is expected to enable cost effective distribution of restaurant equipment and supplies across the Sysco network. The acquisition allows Sysco to add strategic capabilities and diversified offerings to complement its existing business and create a specialty equipment and supplies platform that will provide better selection and service to customers. The assets, liabilities and operating results of Edward Don are reflected in our consolidated financial statements in accordance with ASC Topic No. 805, Business Combinations, commencing from the acquisition date. The purchase price was allocated based on the company’s preliminary estimated fair value of the assets acquired and liabilities assumed, including intangibles, and the excess was assigned to goodwill. Goodwill of $362 million is attributed to the U.S. Foodservice Operations reportable segment and represents synergies and disposable, supply and foodservice equipment capabilities and offerings expected to benefit Sysco’s existing business. In certain circumstances, purchase price allocations may be based upon preliminary estimates and assumptions. Accordingly, allocations are subject to revision until Sysco receives final information and completes its analysis during the measurement period. This includes finalizing the valuation of acquired tangible and intangible assets and related tax attributes.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Jun. 29, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., an exit price). The accounting guidance includes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy are as follows: • Level 1 – Unadjusted quoted prices for identical assets or liabilities in active markets; • Level 2 – Inputs other than quoted prices in active markets for identical assets and liabilities that are observable either directly or indirectly for substantially the full term of the asset or liability; and • Level 3 – Unobservable inputs for the asset or liability, which include management’s own assumption about the assumptions market participants would use in pricing the asset or liability, including assumptions about risk. Sysco’s policy is to invest in only high-quality investments. Cash equivalents primarily include cash deposits, time deposits, certificates of deposit, commercial paper, high-quality money market funds and all highly liquid instruments with original maturities of three months or less. The following is a description of the valuation methodologies used for assets and liabilities measured at fair value: • Cash deposits included in cash equivalents are valued at amortized cost which approximates fair value. These are included within cash equivalents as a Level 1 measurement in the tables below. • Time deposits and commercial paper included in cash equivalents are valued at amortized cost, which approximates fair value. These are included within cash equivalents as a Level 2 measurement in the tables below. • Money market funds are valued at the closing price reported by the fund sponsor from an actively traded exchange. These are included within cash equivalents as Level 1 measurements in the tables below. • Fixed income securities are valued using evaluated bid prices based on a compilation of observable market information or a broker quote in a non-active market. Inputs used vary by type of security, but include spreads, yields, rate benchmarks, rate of prepayment, cash flows, rating changes and collateral performance and type. • Interest rate swap agreements are valued using a swap valuation model that utilizes an income approach using observable market inputs including Secured Overnight Financing Rate (SOFR) yield curves. • Foreign currency forwards are valued based on exchange rates quoted by domestic and foreign banks for similar instruments. • Cross-currency swaps are valued based on an income approach using observable market inputs including foreign currency rates and interest rates in both countries subject to the swap. • Fuel swap contracts are valued based on observable market transactions of forward commodity prices. The fair value of our marketable securities is measured using inputs that are considered a Level 2 measurement, as they rely on quoted prices in markets that are not actively traded or observable inputs over the full term of the asset. The location and the fair value of our marketable securities in the consolidated balance sheet are disclosed in Note 6, “Marketable Securities.” The fair value of our derivative instruments is measured using inputs that are considered a Level 2 measurement, as they are not actively traded and are valued using pricing models that use observable market quotations. The location and the fair value of derivative assets and liabilities designated as hedges in the consolidated balance sheet are disclosed in Note 10, “Derivative Financial Instruments.” The following tables present our assets measured at fair value on a recurring basis as of June 29, 2024 and July 1, 2023: Assets and Liabilities Measured at Fair Value as of Jun. 29, 2024 Level 1 Level 2 Level 3 Total (In millions) Assets: Cash equivalents Cash and cash equivalents $ 269 $ — $ — $ 269 Other assets (1) 249 — — 249 Total assets at fair value $ 518 $ — $ — $ 518 (1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet. Assets and Liabilities Measured at Fair Value as of Jul. 1, 2023 Level 1 Level 2 Level 3 Total (In millions) Assets: Cash equivalents Cash and cash equivalents $ 309 $ 10 $ — $ 319 Other assets (1) 221 — — 221 Total assets at fair value $ 530 $ 10 $ — $ 540 (1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet. The carrying values of accounts receivable and accounts payable approximated their respective fair values due to their short-term maturities. The fair value of Sysco’s total debt is estimated based on the quoted market prices for the same or similar issues or on the current rates offered to the company for new debt with the same maturities as existing debt and is considered a Level 2 measurement. The fair value of total debt was approximately $11.4 billion and $9.8 billion as of June 29, 2024 and July 1, 2023, respectively. The carrying value of total debt was $12.0 billion and $10.4 billion as of June 29, 2024 and July 1, 2023, respectively.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	12 Months Ended
	Jun. 29, 2024
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES Sysco invests a portion of the assets held by our wholly owned captive insurance subsidiary in a restricted investment portfolio of marketable fixed income securities, which have been classified and accounted for as available-for-sale. The company includes fixed income securities maturing in less than twelve months within Prepaid expenses and other current assets and includes fixed income securities maturing in more than twelve months within Other assets in the accompanying Consolidated Balance Sheets. We record the amounts at fair market value, which is determined using quoted market prices at the end of the reporting period. Sysco estimates lifetime expected credit losses for all available-for-sale debt securities in an unrealized loss position by assessing credit indicators, including credit ratings, for the applicable securities. If the assessment indicates that an expected credit loss exists, the company determines the portion of the unrealized loss attributable to credit deterioration and records an allowance for the expected credit loss through the consolidated results of operations. Unrealized gains and losses on marketable securities are recorded in accumulated other comprehensive loss. The following table presents our available-for-sale marketable securities as of June 29, 2024 and July 1, 2023: Jun. 29, 2024 Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-Term Marketable Securities Long-Term Marketable Securities (In millions) Fixed income securities: Corporate bonds $ 98 $ — $ (4) $ 94 $ 24 $ 70 Government bonds 34 — (2) 32 — 32 Total marketable securities $ 132 $ — $ (6) $ 126 $ 24 $ 102 Jul. 1, 2023 Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-Term Marketable Securities Long-Term Marketable Securities (In millions) Fixed income securities: Corporate bonds $ 99 $ — $ (7) $ 92 $ 12 $ 80 Government bonds 30 — (2) 28 — 28 Total marketable securities $ 129 $ — $ (9) $ 120 $ 12 $ 108 As of June 29, 2024, the balance of available-for-sale securities by contractual maturity is shown in the following table on a fiscal year basis. Within the table, maturities of fixed income securities have been allocated based upon timing of estimated cash flows. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties. Jun. 29, 2024 (In millions) Due in one year or less $ 24 Due after one year through five years 70 Due after five years 32 Total $ 126 There were no significant realized gains or losses in marketable securities during fiscal 2024, 2023, and 2022.

ALLOWANCE FOR CREDIT LOSSES ON

ALLOWANCE FOR CREDIT LOSSES ON TRADE RECEIVABLES	12 Months Ended
	Jun. 29, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
ALLOWANCE FOR CREDIT LOSSES ON TRADE RECEIVABLES	ALLOWANCE FOR CREDIT LOSSES ON TRADE RECEIVABLES Sysco determines the past due status of trade receivables based on contractual terms with each customer and evaluates the collectability of accounts receivable to determine an appropriate allowance for credit losses on trade receivables. To calculate an allowance for credit losses, the company estimates uncollectible amounts based on historical loss experience, including those experienced during times of local and regional disasters, current conditions and collection rates, and expectations regarding future losses. A summary of the activity in the allowance for credit losses on trade receivables appears below: 2024 2023 2022 (In millions) Balance at beginning of period $ 46 $ 71 $ 118 Adjustments to costs and expenses 57 36 (15) Customer accounts written off, net of recoveries (57) (62) (24) Other adjustments 8 1 (8) Balance at end of period $ 54 $ 46 $ 71

PLANT AND EQUIPMENT

PLANT AND EQUIPMENT	12 Months Ended
	Jun. 29, 2024
Property, Plant and Equipment [Abstract]
PLANT AND EQUIPMENT	PLANT AND EQUIPMENT A summary of plant and equipment, including the related accumulated depreciation, appears below: Jun. 29, 2024 Jul. 1, 2023 Estimated Useful Lives (In millions) Plant and equipment at cost: Land $ 490 $ 493 Buildings and improvements 5,976 5,769 10-30 years Fleet and equipment 4,788 4,215 3-10 years Computer hardware and software 1,769 1,587 3-5 years Total plant and equipment at cost 13,023 12,064 Accumulated depreciation (7,526) (7,149) Total plant and equipment, net $ 5,497 $ 4,915 Depreciation expense, including amortization of capital leases, was $728 million in 2024, $650 million in 2023 and $641 million in 2022.

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	12 Months Ended
	Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	GOODWILL AND OTHER INTANGIBLES The changes in the carrying amount of goodwill by reportable segment for the years presented are as follows: U.S. Foodservice Operations International Foodservice Operations SYGMA Other Total (In millions) Carrying amount as of July 2, 2022 $ 2,211 $ 2,110 $ 33 $ 188 $ 4,542 Goodwill acquired during year 39 — — — 39 Currency translation/other (3) 68 — — 65 Carrying amount as of July 1, 2023 $ 2,247 $ 2,178 $ 33 $ 188 $ 4,646 Goodwill acquired during year 510 7 — — 517 Currency translation/other (1) (9) — — (10) Carrying amount as of June 29, 2024 $ 2,756 $ 2,176 $ 33 $ 188 $ 5,153 Amortizable intangible assets acquired during fiscal 2024 were $294 million, with a weighted-average amortization period of 14.3 years. Amortizable intangible assets acquired during fiscal 2024 by category were customer relationships, trademarks, non-compete arrangements, and other intangibles of $273 million, $8 million, $3 million, and $10 million respectively, with a weighted-average amortization period of 14.7 years, 14.8 years, 3 years, and 6 years respectively. Fully amortized intangible assets have been removed in the period fully amortized in the table below which presents the company’s amortizable intangible assets in total by category as follows: Jun. 29, 2024 Jul. 1, 2023 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net (In millions) Customer relationships $ 1,502 $ (754) $ 748 $ 1,284 $ (685) $ 599 Non-compete agreements 28 (20) 8 26 (15) 11 Trademarks 151 (32) 119 147 (26) 121 Other 10 (1) 9 — — — Total amortizable intangible $ 1,691 $ (807) $ 884 $ 1,457 $ (726) $ 731 The table below presents our indefinite-lived intangible assets by category as follows: Jun. 29, 2024 Jul. 1, 2023 (In millions) Trademarks $ 303 $ 127 Licenses 1 1 Total indefinite-lived intangible assets $ 304 $ 128 Amortization expense for 2024, 2023 and 2022 was $142 million, $126 million and $133 million, respectively. The estimated future amortization expense for the next five fiscal years on intangible assets outstanding as of June 29, 2024 is shown below: Amount (In millions) 2025 $ 139 2026 96 2027 88 2028 84 2029 83

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Jun. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS Sysco uses derivative financial instruments to enact hedging strategies for risk mitigation purposes; however, the company does not use derivative financial instruments for trading or speculative purposes. Hedging strategies are used to manage interest rate risk, foreign currency risk and fuel price risk. Hedging of interest rate risk We manage our debt portfolio with interest rate swaps from time to time to achieve an overall desired position of fixed and floating rates. Hedging of foreign currency risk Sysco’s operations in Europe have inventory purchases denominated in currencies other than their functional currency, such as the Euro, U.S. dollar, Polish zloty and Danish krone. These inventory purchases give rise to foreign currency exposure between the functional currency of each entity and these currencies. We enter into foreign currency forward swap contracts to sell the applicable entity’s functional currency and buy currencies matching the inventory purchase, which operate as cash flow hedges of the company’s foreign currency-denominated inventory purchases. Sysco has cross-currency swaps designated as fair value hedges for the purpose of hedging foreign currency risk associated with changes in spot rates on foreign denominated intercompany loans. We have elected to exclude the changes in fair value of the forward points from the assessments of hedge effectiveness. Gains or losses from fair value hedges impact the same category on the consolidated statements of income as the item being hedged, including the earnings impact of the excluded components. Unrealized gains or losses on components excluded from hedge effectiveness are recorded as a component of accumulated other comprehensive income (loss) and recognized into earnings over the life of the hedged instrument. Except for the excluded components, changes in the fair value of the hedge are offset against changes in the fair value of the hedged assets or liabilities through earnings. In the second quarter of fiscal 2024, we entered into a cross-currency swap to hedge the foreign currency exposure of our net investment in certain foreign operations. This cross-currency swap is designated as a net investment hedge with gains and losses recognized within accumulated other comprehensive income (loss). Hedging of fuel price risk Sysco uses fuel commodity swap contracts to hedge against the risk of the change in the price of diesel on anticipated future purchases. These swaps have been designated as cash flow hedges. None of our hedging instruments contain credit-risk-related contingent features. Details of outstanding hedging instruments as of June 29, 2024 are presented below: Maturity Date of the Hedging Instrument Currency / Unit of Measure Notional Value (In millions) Hedging of interest rate risk January 2034 U.S. Dollar 500 Hedging of foreign currency risk Various (July 2024 to August 2024) Swedish Krona 153 Various (July 2024 to October 2024) British Pound Sterling 15 May 2025 Mexican Peso 439 April 2025 Canadian Dollar 180 January 2029 Euro 470 Hedging of fuel risk Various (July 2024 to March 2026) Gallons 61 The location and the fair value of derivative instruments designated as hedges in the consolidated balance sheet as of June 29, 2024 and July 1, 2023 are as follows: Derivative Fair Value Balance Sheet location Jun. 29, 2024 Jul. 1, 2023 (In millions) Fair Value Hedges: Interest rate swaps Other assets $ 6 $ — Interest rate swaps Other current liabilities 1 — Cross currency swaps Other current assets 2 1 Cross currency swaps Other current liabilities 3 — Cash Flow Hedges: Fuel swaps Other current assets $ 1 $ — Foreign currency forwards Other current assets — 1 Fuel swaps Other current liabilities 2 18 Fuel swaps Other assets 1 — Fuel swaps Other long-term liabilities — 6 Net Investment Hedges: Cross currency swaps Other current assets $ 4 $ — Cross currency swaps Other long-term liabilities 10 — Gains or losses recognized in the consolidated results of operations for cash flow hedging relationships are not significant for each of the periods presented. The location and amount of gains or losses recognized in the consolidated results of operations for fair value hedging relationships for each of the periods, presented on a pretax basis, are as follows: Jun. 29, 2024 Jul. 1, 2023 (In millions) Total amounts of income and expense line items presented in the consolidated results of operations in which the effects of fair value hedges are recorded $ 637 $ 753 Gain or (loss) on fair value hedging relationships: Interest rate swaps: Hedged items $ (24) $ (10) Derivatives designated as hedging instruments 6 (4) Cross currency swap: Hedged items $ 2 $ 1 Derivatives designated as hedging instruments (2) (1) The gains and losses on the fair value hedging relationships associated with the hedged items as disclosed in the table above are comprised of the following components for each of the periods presented: Jun. 29, 2024 Jul. 1, 2023 (In millions) Interest expense $ (18) $ (7) Increase in fair value of debt (6) (2) Foreign currency gain 2 — Hedged items $ (22) $ (9) The location and effect of cash flow and net investment hedge accounting on the consolidated statements of comprehensive income for the fiscal years ended June 29, 2024 and July 1, 2023, presented on a pretax basis, are as follows: 2024 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In millions) (In millions) Derivatives in cash flow hedging relationships: Fuel swaps $ 23 Operating expense $ (1) Foreign currency contracts — Cost of sales / Other income — Total $ 23 $ (1) Derivatives in net investment hedging relationships: Cross currency contracts $ (5) N/A $ — Derivatives in fair value hedging relationships: Change in excluded component of fair value hedge $ 2 Other expense (income) $ — 2023 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In millions) (In millions) Derivatives in cash flow hedging relationships: Fuel swaps $ (71) Operating expense $ 29 Foreign currency contracts — Cost of sales / Other income — Total $ (71) $ 29 Derivatives in net investment hedging relationships: Foreign denominated debt $ (28) N/A $ — Derivatives in fair value hedging relationships: Change in excluded component of fair value hedge $ — Other expense (income) $ — The location and carrying amount of hedged liabilities in the consolidated balance sheet as of June 29, 2024 are as follows: Jun. 29, 2024 Carrying Amount of Hedged Assets (Liabilities) Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets (Liabilities) (In millions) Balance sheet location: Long-term debt $ (498) $ (6)

SELF-INSURED LIABILITIES

SELF-INSURED LIABILITIES	12 Months Ended
	Jun. 29, 2024
Loss Contingency [Abstract]
SELF-INSURED LIABILITIES	SELF-INSURED LIABILITIES Sysco maintains a self-insurance program covering portions of workers’ compensation, general and vehicle liability and property insurance costs. The amounts in excess of the self-insured levels are fully insured by third party insurers. We also maintain a fully self-insured group medical program. A summary of the activity in self-insured liabilities appears below: 2024 2023 2022 (In millions) Balance at beginning of period $ 485 $ 397 $ 359 Charged to costs and expenses 726 707 552 Payments (667) (619) (514) Balance at end of period $ 544 $ 485 $ 397 The long-term portion of the self-insured liability balance was $364 million and $315 million as of June 29, 2024, and July 1, 2023, respectively.

DEBT AND OTHER FINANCING ARRANG

DEBT AND OTHER FINANCING ARRANGEMENTS	12 Months Ended
	Jun. 29, 2024
Debt Disclosure [Abstract]
DEBT AND OTHER FINANCING ARRANGEMENTS	DEBT AND OTHER FINANCING ARRANGEMENTS Jun. 29, 2024 Jul. 1, 2023 (In millions) U.S. Commercial paper, interest at 5.45%, maturing in fiscal 2025 $ 200 $ — Senior notes, interest at 3.65%, maturing in fiscal 2025 (1) 365 377 Senior notes, interest at 3.75%, maturing in fiscal 2026 (1)(2) 749 749 Senior notes, interest at 3.30%, maturing in fiscal 2027 (1)(2) 998 997 Debentures, interest at 7.16%, maturing in fiscal 2027 (2)(3) 43 43 Senior notes, interest at 3.25%, maturing in fiscal 2028 (1)(2) 747 746 Debentures, interest at 6.50%, maturing in fiscal 2029 (2) 155 155 Senior notes, interest at 5.75%, maturing in fiscal 2029 (1)(2) 496 — Senior notes, interest at 2.40%, maturing in fiscal 2030 (1)(2) 497 497 Senior notes, interest at 5.95%, maturing in fiscal 2030 (1)(2) 994 993 Senior notes, interest at 2.45%, maturing in fiscal 2032 (1)(2) 446 446 Senior notes, interest at 6.00%, maturing in fiscal 2034 (1)(2) 498 — Senior notes, interest at 5.375%, maturing in fiscal 2036 (1)(2) 383 383 Senior notes, interest at 6.625%, maturing in fiscal 2039 (1)(2) 200 200 Senior notes, interest at 6.60%, maturing in fiscal 2040 (1)(2) 350 350 Senior notes, interest at 4.85%, maturing in fiscal 2046 (1)(2) 497 496 Senior notes, interest at 4.50%, maturing in fiscal 2046 (1)(2) 495 495 Senior notes, interest at 4.45%, maturing in fiscal 2048 (1)(2) 493 493 Senior notes, interest at 3.30%, maturing in fiscal 2050 (1)(2) 495 495 Senior notes, interest at 6.60%, maturing in fiscal 2050 (1)(2) 1,177 1,177 Senior notes, interest at 3.15%, maturing in fiscal 2052 (1)(2) 788 787 Plant and equipment financing programs, finance leases, notes payable, and other debt, interest averaging 5.13% and maturing at various dates to fiscal 2052 as of June 29, 2024, and 4.49% and maturing at various dates to fiscal 2052 as of July 1, 2023 916 532 Total debt 11,982 10,411 Less current maturities of long-term debt (469) (63) Net long-term debt $ 11,513 $ 10,348 (1) Represents senior notes that are unsecured, are not subject to any sinking fund requirement and include a redemption provision that allows Sysco to retire the debentures and notes at any time prior to maturity at the greater of par plus accrued interest or an amount designed to ensure that the debenture and note holders are not penalized by the early redemption. (2) Represents senior notes, debentures and borrowings under the company’s long-term revolving credit facility that are guaranteed by certain wholly owned U.S. Broadline subsidiaries of Sysco Corporation as discussed in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources.” (3) This debenture is not subject to any sinking fund requirement and is no longer redeemable prior to maturity. As of June 29, 2024, the principal and interest payments required to be made during the next five fiscal years on Sysco’s senior notes and debentures are shown below: Principal Interest (1) (In millions) 2025 $ 365 $ 512 2026 750 473 2027 1,043 442 2028 750 410 2029 655 398 (1) Includes payments on floating rate debt based on rates as of June 29, 2024, assuming amount remains unchanged until maturity, and payments on fixed rate debt based on maturity dates. Fixed rate debt is inclusive of certain debt in which we pay a fixed interest rate on as of June 29, 2024, which will convert to floating rate debt at a later date. The total carrying value of our debt was $12.0 billion as of June 29, 2024 and $10.4 billion as of July 1, 2023. The increase in the carrying value of our debt from the prior year was due to new issuances of senior notes, new commercial paper issuances and new leases in support of plant and equipment. Sysco has a long-term revolving credit facility that includes aggregate commitments of the lenders thereunder of $3.0 billion, with an option to increase such commitments to $4.0 billion. The facility includes a covenant requiring Sysco to maintain a ratio of consolidated EBITDA to consolidated interest expense of 3.0 to 1.0 over four consecutive fiscal quarters. The facility expires on April 29, 2027. As of June 29, 2024, there were no borrowings outstanding under this facility. Sysco has a U.S commercial paper program allowing the company to issue short-term unsecured notes in an aggregate amount not to exceed $3.0 billion. Any outstanding amounts are classified within long-term debt, as the program is supported by the long-term revolving credit facility. As of June 29, 2024, there were $200 million in commercial paper issuances outstanding under this program. On October 17, 2023, we entered into a new commercial paper dealer agreement in Europe for a commercial paper program with borrowings not to exceed €250 million. As of June 29, 2024, there were no commercial paper issuances outstanding under this program. On November 17, 2023, Sysco issued senior notes (the Notes) totaling $1.0 billion to facilitate our acquisition of Edward Don and our share repurchases. Details of the Notes are as follows: Maturity Date Par Value Coupon Rate Pricing January 17, 2029 (the 2029 Notes) $ 500 5.75 % 99.784 % January 17, 2034 (the 2034 Notes) 500 6.00 99.037 The Notes initially are fully and unconditionally guaranteed by Sysco’s direct and indirect wholly owned subsidiaries that guarantee Sysco’s other senior notes issued under the indenture governing the Notes or any of Sysco’s other indebtedness. Interest on the Notes will be paid semi-annually in arrears on July 17 and January 17, beginning July 17, 2024. At Sysco’s option, any or all of the Notes may be redeemed, in whole or in part, at any time prior to maturity. If Sysco elects to redeem (i) the 2029 Notes before the date that is one month prior to the maturity date, or (ii) the 2034 Notes before the date that is three months prior to the maturity date, Sysco will pay an amount equal to the greater of 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest or the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if such senior notes matured on the applicable date described above. If Sysco elects to redeem a series of Notes on or after the applicable date described in the preceding sentence, Sysco will pay an amount equal to 100% of the principal amount of the Notes to be redeemed. Sysco will pay accrued and unpaid interest on the Notes redeemed to the redemption date. As of June 29, 2024 and July 1, 2023 , letters of credit outsta nding were $271 million and $268 million, res pectively.

LEASES

LEASES	12 Months Ended
	Jun. 29, 2024
Leases [Abstract]
LEASES	LEASES Sysco leases certain of its distribution and warehouse facilities, office facilities, fleet vehicles, and office and warehouse equipment. We determine if an arrangement is a lease at inception and recognize a finance or operating lease liability and right-of-use (ROU) asset in the consolidated balance sheets if a lease exists. Lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at the commencement date. If the borrowing rate implicit in the lease is not readily determinable, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. The lease term is defined as the noncancelable period of the lease plus any options to extend or terminate the lease when it is reasonably certain that the company will exercise one of these options. Leases with an initial term of twelve months or less are not recorded in Sysco’s consolidated balance sheets, and we recognize expense for these leases on a straight-line basis over the lease term. Variable lease payments that do not depend on an index or a rate, such as insurance and property taxes, are excluded from the measurement of the lease liability and are recognized as variable lease cost when the obligation for that payment is incurred. For leases in which the lease and non-lease components have been combined, the variable lease expense includes expenses such as common area maintenance, utilities, and repairs and maintenance. Sysco’s leases do not contain significant residual value guarantees and do not impose significant restrictions or covenants. The following table presents the location of the finance lease ROU assets and lease liabilities in our consolidated balance sheets at June 29, 2024 and July 1, 2023: Consolidated Balance Sheet Location Jun. 29, 2024 Jul. 1, 2023 (In millions) Finance lease right-of-use assets Plant and equipment at cost, less accumulated depreciation $ 339 $ 285 Current finance lease liabilities Current maturities of long-term debt 54 38 Long-term finance lease liabilities Long-term debt 307 260 The following table presents lease costs for each of the presented periods ended June 29, 2024 and July 1, 2023: Consolidated Results of Operations Location Jun. 29, 2024 Jul. 1, 2023 (In millions) Operating lease cost Operating expenses $ 154 $ 139 Financing lease cost: Amortization of right-of-use assets Operating expenses 60 50 Interest on lease obligations Interest expense 14 11 Variable lease cost Operating expenses 111 73 Short-term lease cost Operating expenses 68 55 Net lease cost $ 407 $ 328 Future minimum lease obligations under existing noncancelable operating and finance lease agreements by fiscal year as of June 29, 2024 are as follows: Operating Leases Finance Leases (In millions) 2025 $ 161 $ 69 2026 146 59 2027 141 53 2028 111 39 2029 92 30 Thereafter 551 224 Total undiscounted lease obligations 1,202 474 Less imputed interest (239) (113) Present value of lease obligations $ 963 $ 361 We have entered into operating lease agreements that have not yet commenced as of June 29, 2024 with legally binding minimum lease payments of $374 million. The leases are expected to commence during fiscal 2025. Other information related to lease agreements was as follows: Jun. 29, 2024 Jul. 1, 2023 Cash Paid For Amounts Included In Measurement of Liabilities: (Dollars in millions) Operating cash flows for operating leases $ 144 $ 134 Operating cash flows for financing leases 14 11 Financing cash flows for financing leases 51 44 Supplemental Non-cash Information on Lease Liabilities: Assets obtained in exchange for operating lease obligations $ 287 $ 105 Assets obtained in exchange for finance lease obligations 115 114 Operating lease asset adjustments, including renewals and remeasurements 24 13 Operating lease liability adjustments, including renewals and remeasurements 24 17 Lease Term and Discount Rate: Weighted-average remaining lease term (years): Operating leases 10.63 years 10.36 years Financing leases 12.50 years 14.94 years Weighted-average discount rate: Operating leases 4.19 % 3.31 % Financing leases 4.50 % 4.06 %
LEASES	LEASES Sysco leases certain of its distribution and warehouse facilities, office facilities, fleet vehicles, and office and warehouse equipment. We determine if an arrangement is a lease at inception and recognize a finance or operating lease liability and right-of-use (ROU) asset in the consolidated balance sheets if a lease exists. Lease liabilities are recognized based on the present value of future minimum lease payments over the lease term at the commencement date. If the borrowing rate implicit in the lease is not readily determinable, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. The lease term is defined as the noncancelable period of the lease plus any options to extend or terminate the lease when it is reasonably certain that the company will exercise one of these options. Leases with an initial term of twelve months or less are not recorded in Sysco’s consolidated balance sheets, and we recognize expense for these leases on a straight-line basis over the lease term. Variable lease payments that do not depend on an index or a rate, such as insurance and property taxes, are excluded from the measurement of the lease liability and are recognized as variable lease cost when the obligation for that payment is incurred. For leases in which the lease and non-lease components have been combined, the variable lease expense includes expenses such as common area maintenance, utilities, and repairs and maintenance. Sysco’s leases do not contain significant residual value guarantees and do not impose significant restrictions or covenants. The following table presents the location of the finance lease ROU assets and lease liabilities in our consolidated balance sheets at June 29, 2024 and July 1, 2023: Consolidated Balance Sheet Location Jun. 29, 2024 Jul. 1, 2023 (In millions) Finance lease right-of-use assets Plant and equipment at cost, less accumulated depreciation $ 339 $ 285 Current finance lease liabilities Current maturities of long-term debt 54 38 Long-term finance lease liabilities Long-term debt 307 260 The following table presents lease costs for each of the presented periods ended June 29, 2024 and July 1, 2023: Consolidated Results of Operations Location Jun. 29, 2024 Jul. 1, 2023 (In millions) Operating lease cost Operating expenses $ 154 $ 139 Financing lease cost: Amortization of right-of-use assets Operating expenses 60 50 Interest on lease obligations Interest expense 14 11 Variable lease cost Operating expenses 111 73 Short-term lease cost Operating expenses 68 55 Net lease cost $ 407 $ 328 Future minimum lease obligations under existing noncancelable operating and finance lease agreements by fiscal year as of June 29, 2024 are as follows: Operating Leases Finance Leases (In millions) 2025 $ 161 $ 69 2026 146 59 2027 141 53 2028 111 39 2029 92 30 Thereafter 551 224 Total undiscounted lease obligations 1,202 474 Less imputed interest (239) (113) Present value of lease obligations $ 963 $ 361 We have entered into operating lease agreements that have not yet commenced as of June 29, 2024 with legally binding minimum lease payments of $374 million. The leases are expected to commence during fiscal 2025. Other information related to lease agreements was as follows: Jun. 29, 2024 Jul. 1, 2023 Cash Paid For Amounts Included In Measurement of Liabilities: (Dollars in millions) Operating cash flows for operating leases $ 144 $ 134 Operating cash flows for financing leases 14 11 Financing cash flows for financing leases 51 44 Supplemental Non-cash Information on Lease Liabilities: Assets obtained in exchange for operating lease obligations $ 287 $ 105 Assets obtained in exchange for finance lease obligations 115 114 Operating lease asset adjustments, including renewals and remeasurements 24 13 Operating lease liability adjustments, including renewals and remeasurements 24 17 Lease Term and Discount Rate: Weighted-average remaining lease term (years): Operating leases 10.63 years 10.36 years Financing leases 12.50 years 14.94 years Weighted-average discount rate: Operating leases 4.19 % 3.31 % Financing leases 4.50 % 4.06 %

COMPANY-SPONSORED EMPLOYEE BENE

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS	12 Months Ended
	Jun. 29, 2024
Retirement Benefits [Abstract]
COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS	COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS Sysco has company-sponsored defined benefit and defined contribution retirement plans for its employees. Also, the company provides certain health care benefits to eligible retirees and their dependents. Defined Contribution Plans Sysco operates a defined contribution 401(k) Plan as a Safe Harbor Plan, which is a plan that treats all employees’ benefits equally within the plan, under Sections 401(k) and 401(m) of the Internal Revenue Code with respect to non-union employees and those union employees whose unions adopted the Safe Harbor Plan provisions. We will make a non-elective contribution each pay period equal to 3% of a participant’s compensation. Additionally, we will make matching contributions of 50% of a participant’s pretax contribution on the first 6% of the participant’s compensation contributed by the participant. Certain employees are also eligible for a transition contribution, and we may also make discretionary contributions. For union employees who are members of unions that did not adopt the Safe Harbor Plan provisions, the plan provides that under certain circumstances we may make matching contributions of up to 50% of the first 6% of a participant’s compensation. Sysco also has a non-qualified, unfunded Management Savings Plan (MSP) available to key management personnel who are participants in the Management Incentive Plan (MIP). Participants may defer up to 50% of their annual salary and up to 90% of their annual bonus. We will make a non-elective contribution each pay period equal to 3% of a participant’s compensation. Additionally, we will make matching contributions of 50% of a participant’s pretax contribution on the first 6% of the participant’s eligible compensation that is deferred. Certain employees are also eligible for a transition contribution, and the company may also make discretionary contributions. All company contributions to the MSP are limited by the amounts contributed by the company to the participant’s 401(k) account. The company had deferred compensation obligations of $103 million as of June 29, 2024 and $106 million as of July 1, 2023 under the unfunded MSP and our executive deferred compensation plan, which is frozen to all participants of the plan. More than half of the June 29, 2024 obligations are due to be paid beyond fiscal 2026. Sysco’s expense related to its defined contribution plans was $200 million in fiscal 2024, $176 million in fiscal 2023, and $146 million in fiscal 2022. Defined Benefit Plans Sysco maintains various qualified pension plans that pay benefits to participating employees at retirement, using formulas based on a participant’s years of service and compensation. The U.S. pension plan (U.S. Retirement Plan) is frozen for all U.S.-based salaried and non-union hourly employees, as these employees are eligible for benefits under the company’s defined contribution 401(k) plan. Various defined benefit pension plans cover certain employees, primarily in the U.K., France and Sweden; however, the U.K. pension plan (U.K. Retirement Plan) is frozen to new plan participants and future accrual of benefits. The funding policy for each plan complies with the requirements of relevant governmental laws and regulations. In addition to receiving benefits upon retirement under the company’s U.S. Retirement Plan, certain key management personnel, who were participants in the MIP, are entitled to receive benefits under the Supplemental Executive Retirement Plan (SERP). This plan is a nonqualified, unfunded supplementary retirement plan and was amended to freeze benefits and stop future accruals effective June 29, 2013, to all participants. We also provide certain health care benefits to eligible retirees and their dependents. These health care benefits represent Sysco’s unfunded other post-retirement medical plans. The plan had benefit obligations of $9 million as of June 29, 2024 and $7 million as of July 1, 2023. On October 25, 2022, the U.S. Retirement Plan executed an agreement with Massachusetts Mutual Life Insurance Company (the Insurer). Under this agreement, the Plan purchased a nonparticipating single premium group annuity contract using Plan assets that transferred to the Insurer $695 million of the Plan’s defined benefit pension obligations related to certain pension benefits. The contract covers approximately 10,000 Sysco participants and beneficiaries (the Transferred Participants) in the U.S. Retirement Plan. Under the group annuity contract, the Insurer made an unconditional and irrevocable commitment to pay the pension benefits of each Transferred Participant that were due on or after January 1, 2023. The transaction resulted in no changes to the amount of benefits payable to the Transferred Participants. As a result of the transaction, Sysco recognized a one-time, non-cash pre-tax pension settlement charge of $315 million in the second quarter of fiscal 2023 primarily related to the accelerated recognition of actuarial losses included within accumulated other comprehensive loss in the statement of changes in consolidated shareholders’ equity. The transaction also required the company to remeasure the benefit obligations and plan assets of the U.S. Retirement Plan. The remeasurement reflected the use of an updated discount rate and an expected rate of return on plan assets as of October 31, 2022, applying the practical expedient to remeasure plan assets and obligations as of the nearest calendar month-end date. The remeasurement of the benefit obligations and plan assets of the U.S. Retirement Plan that took place on October 31, 2022 reflected an updated discount rate and an updated expected rate of return on plan assets. The discount rate used to determine benefit obligations as of the remeasurement date was 6.07%, as compared to the discount rate of 4.91% that was used to determine benefit obligations as of July 2, 2022. The expected rate of return used to determine net company-sponsored benefit costs for the remainder of fiscal 2023 was updated to 6.00% as of the remeasurement date, as compared to the expected rate of return of 4.50% that was calculated as of July 2, 2022 to determine net company-sponsored benefit costs for fiscal 2023. Funded Status Accumulated pension assets measured against the obligation for pension benefits represent the funded status of a given plan. The funded status of Sysco’s company-sponsored defined benefit plans is presented in the table below. The caption “U.S. Pension Benefits” in the tables below includes both the U.S. Retirement Plan and the SERP. As Sysco’s fiscal 2024 year end is June 29, 2024, the company utilized a practical expedient permitting us to measure our defined benefit plan assets and obligations as of the month end closest to the fiscal year end and has used June 30, 2024 as the measurement date of the plan assets and obligations disclosed herein. U.S. Pension Benefits (1) International Pension Benefits Jun. 29, 2024 Jul. 1, 2023 Jun. 29, 2024 Jul. 1, 2023 (In millions) Change in benefit obligation: Benefit obligation at beginning of year $ 2,979 $ 3,921 $ 286 $ 289 Service cost 8 8 2 2 Interest cost 164 170 14 10 Amendments — 2 — — Curtailments — — (1) (1) Actuarial (gain) loss, net (135) (300) 8 (11) Benefit payments (119) (127) (13) (13) Settlements — (695) (1) 10 Benefit obligation at end of year 2,897 2,979 295 286 Change in plan assets: Fair value of plan assets at beginning of year 2,641 3,633 185 242 Actual return on plan assets (65) (199) (35) (73) Employer contribution 13 29 22 21 Benefit payments (87) (127) (13) (13) Settlements — (695) (1) 8 Fair value of plan assets at end of year 2,502 2,641 158 185 Funded status at end of year $ (395) $ (338) $ (137) $ (101) (1) The U.S. Retirement Plan had an underfunded status of $55 million and a funded status of $10 million as of June 29, 2024 and July 1, 2023, respectively. As of June 29, 2024 and July 1, 2023, the SERP had benefit obligations of $340 million and $348 million, respectively. In order to meet a portion of its obligations under the SERP, Sysco has a rabbi trust that invests in Corporate-Owned Life Insurance policies on the lives of participants and interests in corporate-owned real estate assets. These assets are not included as plan assets or in the funded status amounts in the tables above and below. The life insurance policies on the lives of the participants had carrying values of $91 million as of both June 29, 2024 and July 1, 2023. Sysco is the sole owner and beneficiary of such policies. The amounts recognized on Sysco’s consolidated balance sheets related to its company-sponsored defined benefit plans are as follows: U.S. Pension Benefits International Pension Benefits Jun. 29, 2024 Jul. 1, 2023 Jun. 29, 2024 Jul. 1, 2023 (In millions) Noncurrent assets (Other assets) $ — $ 10 $ — $ — Current accrued benefit liability (Accrued expenses) (32) (32) (2) (2) Noncurrent accrued benefit liability (Other long-term liabilities) (363) (316) (135) (99) Net amount recognized $ (395) $ (338) $ (137) $ (101) Accumulated other comprehensive loss as of June 29, 2024 consists of the following amounts that had not, as of that date, been recognized in net benefit cost: U.S. Pension Benefits International Pension Benefits Total (In millions) Prior service cost $ 2 $ 1 $ 3 Actuarial losses 1,160 111 1,271 Total $ 1,162 $ 112 $ 1,274 Accumulated other comprehensive loss as of July 1, 2023 consists of the following amounts that had not, as of that date, been recognized in net benefit cost: U.S. Pension Benefits International Pension Benefits Total (In millions) Prior service cost $ 3 $ 1 $ 4 Actuarial losses 1,115 57 1,172 Total $ 1,118 $ 58 $ 1,176 Information for plans with accumulated benefit obligation/aggregate benefit obligation in excess of fair value of plan assets is as follows: U.S. Pension Benefits (1) International Pension Benefits Jun. 29, 2024 Jul. 1, 2023 Jun. 29, 2024 Jul. 1, 2023 (In millions) Accumulated benefit obligation/aggregate benefit obligation $ 2,888 $ 348 $ 291 $ 280 Fair value of plan assets at end of year 2,502 — 158 185 (1) Information under U.S. Pension Benefits as of June 29, 2024 includes both the U.S. Retirement Plan and the SERP. Information under U.S. Pension Benefits as of July 1, 2023 includes the SERP. Components of Net Benefit Costs and Other Comprehensive Income The components of net company-sponsored pension costs for each fiscal year are as follows: 2024 2023 2022 U.S. Pension Benefits International Pension Benefits U.S. Pension Benefits International Pension Benefits U.S. Pension Benefits International Pension Benefits (In millions) Service cost $ 8 $ 2 $ 8 $ 2 $ 13 $ 3 Interest cost 164 14 171 10 153 8 Expected return on plan assets (143) (12) (148) (11) (206) (10) Amortization of prior service cost 1 — — — — — Amortization of actuarial loss 28 1 33 — 35 — Curtailment gain — (1) — (1) — (1) Settlement loss recognized — — 315 — — — Net pension costs (benefits) $ 58 $ 4 $ 379 $ — $ (5) $ — The components of net company-sponsored pension costs other than the service cost component are reported in Other expense (income), net within the consolidated results of operations. Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) related to company-sponsored pension plans for each fiscal year are as follows: 2024 2023 2022 U.S. Pension Benefits International Pension Benefits U.S. Pension Benefits International Pension Benefits U.S. Pension Benefits International Pension Benefits (In millions) Amortization of prior service cost $ 1 $ — $ — $ — $ — $ — Amortization of actuarial loss 28 1 348 — 35 — Prior service cost arising in current year — — (3) — — — Effect of exchange rates on amounts in AOCI — (1) — (4) — (1) Actuarial gain (loss) arising in current year (73) (54) (46) (72) (13) 36 Net pension income (cost) $ (44) $ (54) $ 299 $ (76) $ 22 $ 35 Amounts included in accumulated other comprehensive loss (income) as of June 29, 2024 that are expected to be recognized as components of net company-sponsored benefit cost during fiscal 2025 are: U.S. Pension Benefits International Pension Benefits Total (In millions) Amortization of actuarial losses $ 30 $ 4 $ 34 Employer Contributions We made cash contributions to our company-sponsored pension plans of $68 million and $50 million in fiscal years 2024 and 2023, respectively. There were $13 million of voluntary contributions made to the U.S. Retirement Plan in fiscal 2024, as there were no required contributions to meet ERISA minimum funding requirements in fiscal 2024. There are no required contributions to the U.S. Retirement Plan to meet ERISA minimum funding requirements in fiscal 2025. The company’s contributions to the SERP plan are made in the amounts needed to fund current year benefit payments. The estimated aggregate fiscal 2025 contribution to fund benefit payments for the SERP plan is $32 million. The estimated fiscal 2025 contributions to fund benefit payments for the international retirement plans are $20 million. Estimated Future Benefit Payments Estimated future benefit payments for vested participants, based on actuarial assumptions, are as follows: U.S. Pension Benefits International Pension Benefits (In millions) 2025 $ 140 $ 13 2026 153 13 2027 164 14 2028 174 15 2029 183 15 Subsequent five years 1,015 77 Assumptions Weighted-average assumptions used to determine benefit obligations as of year-end were: Jun. 29, 2024 Jul. 1, 2023 Discount rate — U.S. Retirement Plan 5.86 % 5.62 % Discount rate — SERP 5.89 5.65 Discount rate — U.K. Retirement Plan 5.20 5.20 Rate of compensation increase — U.S. Retirement Plan 3.00 3.00 As benefit accruals under the SERP and U.K. Retirement Plan are frozen, future pay is not projected in the determination of the benefit obligation as of June 29, 2024 or July 1, 2023. Weighted-average assumptions used to determine net company-sponsored pension costs for each fiscal year were: 2024 2023 2022 Discount rate — U.S. Retirement Plan (1) 5.62 % 6.07 % 3.12 % Discount rate — SERP 5.65 4.84 2.91 Discount rate — U.K. Retirement Plan 5.20 3.65 1.90 Expected rate of return — U.S. Retirement Plan (2) 5.50 6.00 4.50 Expected rate of return — U.K. Retirement Plan 6.65 4.65 3.30 Rate of compensation increase — U.S. Retirement Plan 3.00 3.00 2.56 (1) The discount rate of the U.S. Retirement Plan was 4.91% for the period of July 2022 to October 2022. Due to the settlement that occurred, the rate changed to 6.07% from November 2022 to June 2023. (2) The expected long-term rate of return on plan assets of the U.S. Retirement Plan was 4.50% for the period of July 2022 to October 2022. Due to the settlement that occurred, the rate changed to 6.00% from November 2022 to June 2023. For guidance in determining the discount rate for U.S. defined benefit plans, Sysco calculates the implied rate of return on a hypothetical portfolio of high-quality fixed-income investments for which the timing and amount of cash outflows approximates the estimated payouts of the company-sponsored pension plans. Sysco uses an annualized corporate bond yield curve to estimate the rate at which pension benefits could effectively be settled to estimate a discount rate for the U.K. Retirement Plan. The discount rate assumption is updated annually and revised as deemed appropriate. The discount rates to be used for the calculation of fiscal 2025 net company-sponsored benefit costs for the U.S. Retirement Plan and U.K. Retirement Plan are 5.86% and 5.20%, respectively. The discount rate to be used for the calculation of fiscal 2025 net company-sponsored benefit costs for the SERP is 5.89%. The expected long-term rate of return on plan assets assumption for the retirement plans are net return on assets assumption, representing gross return on assets less asset management expenses. Specific to the U.S. Retirement Plan, administrative expenses are also excluded from the gross return on assets. The expected return for the U.S. Retirement Plan is derived from a mathematical asset model that incorporates assumptions as to the various asset class returns, reflecting a combination of rigorous historical performance analysis and the forward-looking views of the financial markets regarding the yield on bonds, the historical returns of the major stock markets and returns on alternative investments. The expected return for the U.K. Retirement Plan is derived from a long-term swap yield time horizon adjusted for the expected return based on the plan’s current asset allocation and historical results. The rate of return assumption is reviewed annually and revised as deemed appropriate. The expected long-term rates of return to be used in the calculation of fiscal 2025 net company-sponsored benefit costs for the U.S. Retirement Plan and U.K. Retirement Plan are 5.63% and 6.60%, respectively. Plan Assets Investment Strategy The company’s overall strategic investment objectives for the U.S. Retirement Plan are to preserve capital for future benefit payments and to balance risk and return commensurate with ongoing changes in the valuation of plan liabilities using an investment strategy that closely aligns the duration of the U.S. Retirement Plan’s assets with the duration of its liabilities. In order to accomplish these objectives, the company oversees the U.S. Retirement Plan’s investment objectives and policy design, decides proper plan asset class strategies and structures, monitors the performance of plan investment managers and investment funds and determines the proper investment allocation of pension plan contributions. The strategy results in an asset portfolio that more closely matches the behavior of the liability, thereby reducing the volatility of the U.S. Retirement Plan’s funded status. This structure ensures the U.S. Retirement Plan’s investments are diversified within each asset class, in addition to being diversified across asset classes with the intent to build asset class portfolios that are structured without strategic bias for or against any subcategories within each asset class. The company has also created a set of investment guidelines for the U.S. Retirement Plan’s investment managers to specify prohibited transactions, including borrowing of money except for real estate, private equity or hedge fund portfolios where leverage is a key component of the investment strategy and permitted in the investments’ governing documents, the purchase of securities on margin unless fully collateralized by cash or cash equivalents or short sales, pledging, mortgaging or hypothecating of any securities, except for loans of securities that are fully collateralized, market timing transactions and the direct purchase of the securities of Sysco or the investment manager. The purchase or sale of derivatives for speculation or leverage is also prohibited; however, investment managers are allowed to use derivative securities so long as they do not increase the risk profile or leverage of the manager’s portfolio. Such derivative securities have been used to prevent funded status changes due to interest rate changes. The U.S. Retirement Plan’s target and actual investment allocation as of June 29, 2024 is as follows: U.S. Retirement Plan Target Asset Allocation Actual Asset Allocation Growth assets 30 % 27 % Liability hedging assets 70 73 100 % Sysco’s U.S. Retirement Plan investment strategy is implemented through a combination of balanced and specialized investment managers, passive investment funds and actively managed investment funds. Growth assets include, but are not limited to, equities, alternatives, real estate, and growth fixed income intended to generate returns in excess of the liability growth rate. The liability hedging assets will be comprised primarily of fixed income investments, including interest rate and credit derivatives, intended to reduce funded status volatility due to changes in interest rates and credit spreads, while generating returns consistent with the projected liability growth rate. The U.S. Retirement Plan’s portfolio includes investment funds which are selected based on each fund’s stated investment strategy to align with Sysco’s overall target mix of investments. Actual asset allocation is regularly reviewed and periodically rebalanced to the target allocation when considered appropriate. The day-to-day management of the assets of the U.K. Retirement Plan has been delegated by the plan trustee to a fiduciary manager who decides the composition of the asset portfolio in line with the objectives of the plan’s trustee and within specific investment guidelines agreed upon with the trustee. The primary objective for the U.K. Retirement Plan is to provide sufficient assets to pay benefits as they fall due. The current objective for the U.K. Retirement Plan is to achieve a return on plan assets of 2% in excess of the return on the liability benchmark over a rolling five-year period. The liability benchmark is the portfolio of gilts, which are bonds issued by the British government, that best matches the liability profile of the U.K. Retirement Plan. The investment objective includes a risk statement that targets a level of investment tracking error versus the liability benchmark to be below 10% per year. The actual tracking error targeted may fluctuate over time as the composition of the portfolio changes and the levels of risk in markets change. The U.K. Retirement Plan’s Trustee and its Fiduciary Manager seek to achieve the Plan’s investment objectives by investing in a suitably diversified mix of assets. The U.K. Retirement Plan’s target investment allocation and actual investment allocation for fiscal 2024 is as follows: U.K. Retirement Plan Target Asset Allocation Actual Asset Allocation Growth portfolio 50 % 51 % Matching portfolio 50 49 100 % The U.K. Retirement Plan’s investment strategy is implemented primarily through a common contractual investment fund managed by the solvency manager. The pooled investment fund consists of investment types including (1) equity investments covering a range of geographies and including private equity investments, (2) credit investments including global investment grade and high yield bonds, loans and other debt and derivative securities, (3) property investments including global direct or indirect real estate holdings, and (4) macro-oriented funds that seek to generate return by going long and short in a variety of markets and operate strategies which focus on markets rather than individual stocks and often use derivatives rather than physical assets. Actual asset allocation is regularly reviewed and periodically rebalanced to the target allocation when considered appropriate. As discussed above, the retirement plans’ investments in equities, debt instruments and alternative investments provide a range of returns and also expose the plan to investment risk. However, the investment policies put in place by the trustee and solvency manager ensure diversification of plan assets across issuers, industries and countries. Fair Value of Plan Assets Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. an exit price). See Note 5, “Fair Value Measurements,” for a description of the fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The following is a description of the valuation methodologies used for assets and liabilities held by Sysco’s retirement plans measured at fair value. Cash and cash equivalents: Valued at amortized cost, which approximates fair value due to the short-term maturities of these investments. Cash and cash equivalents is included as a Level 1 and Level 2 measurement in the table below. Equity securities: Valued at the closing price reported on the exchange market. Equity securities valued at the closing price reported on the exchange market are classified as a Level 1 measurement in the table below. If a stock is not listed on a public exchange, such as an American Depository Receipt or some preferred stocks, the stock is valued using an evaluated bid price based on a compilation of observable market information. Equity securities not listed on a public exchange are classified as a Level 2 measurement in the table below. Fixed income securities: Valued using evaluated bid prices based on a compilation of observable market information or a broker quote in a non-active market. All fixed income securities are included as a Level 2 measurement in the table below. Investment funds: Represents collective trust and funds holding debt, equity, hedge funds, private equity funds, exchange-traded real estate securities, and common contractual funds which are valued at the net asset value (NAV) provided by the manager of each fund. The NAV is based on the fair value of the underlying securities within the fund. Non-exchange traded real estate funds are valued based on the proportionate interest held by the U.S. Retirement Plan, which is based on the valuations of the underlying real estate investments held by each fund. Each real estate investment is valued on the basis of a discounted cash flow approach. Inputs used include future rental receipts, expenses and residual values from a market participant view of the highest and best use of the real estate as rental property. The private equity funds are valued based on the proportionate interest held by the U.S. Retirement Plan, which is based on the valuations of the underlying private equity investments held by each fund. The hedge funds are valued based on the hedge funds’ proportionate share of the net assets of the underlying private investment fund as determined by the underlying private investment fund’s general partner. Indirectly held investments are valued utilizing the latest financial reports supplied by the fund’s portfolio investments. Directly held investments are valued initially based on transaction price and are adjusted utilizing available market data and investment-specific factors, such as estimates of liquidation value, prices of recent transactions in the same or similar issuer, current operating performance and future expectations of the particular investment, changes in market outlook and the financing environment. Derivatives: Valuation method varies by type of derivative security. • Credit default and interest rate swaps: Valued using evaluated bid prices based on a compilation of observable market information. Inputs used for credit default swaps include spread curves and trade data about the credit quality of the counterparty. Inputs used for interest rate swaps include benchmark yields, swap curves, cash flow analysis, and interdealer broker rates. Credit default and interest rate swaps are included as a Level 2 measurement in the table below. • Foreign currency contracts: Valued using a standardized interpolation model that utilizes the quoted prices for standard-length forward foreign currency contracts and adjusts to the remaining term outstanding on the contract being valued. Foreign currency contracts are included as a Level 2 measurement in the table below. • Futures and option contracts: Valued at the closing price reported on the exchange market for exchange-traded futures and options. Over-the-counter options are valued using pricing models that are based on observable market information. Exchange-traded futures and options are included as a Level 1 measurement in the table below; over-the-counter options are included as a Level 2 measurement. The following table presents the fair value of the U.S. Retirement Plan’s assets by major asset category as of June 29, 2024: Assets Measured at Fair Value as of Jun. 29, 2024 Level 1 Level 2 Level 3 Measured at NAV (6) Net Payables (7) Total (In millions) Cash and cash equivalents $ — $ 153 $ — $ — $ (6) $ 147 Growth assets: U.S. equity (1) 17 — — 204 — 221 International equity (1) — — — 152 — 152 Hedge fund of funds (2) — — — 167 — 167 Real estate funds (3) — — — 88 — 88 Private equity funds (4) — — — 55 — 55 Liability hedging assets: Corporate bonds — 1,140 — 45 — 1,185 U.S. government and agency securities — 295 — 177 — 472 Other (5) — 15 — — — 15 Total investments at fair value $ 17 $ 1,603 $ — $ 888 $ (6) $ 2,502 (1) Includes direct investments in equity securities and within investment funds for which fair value is measured at NAV. There are no unfunded commitments as of June 29, 2024. The remaining investments may be redeemed once per day with advanced written notice and subject to applicable limits. (2) There were no unfunded commitments as of June 29, 2024, and there were no redemption restrictions as of June 29, 2024. The investment may be redeemed once per quarter. (3) For investments in the funds listed in this category, total unfunded commitment as of June 29, 2024 was $2 million. Less than 1% of the investments cannot be redeemed. The estimate of the liquidation period for these funds varies from 2024 to 2026. The remaining investments may be redeemed quarterly with advanced written notice and subject to applicable limits. (4) Total unfunded commitments in the funds listed in this category as of June 29, 2024 were $13 million. The investments cannot be redeemed, but the fund will make distributions through liquidation. The estimate of the liquidation period varies for each fund from 2024 to 2031. (5) Includes foreign government and state and municipal debt securities. (6) Includes certain investments that are measured at fair value using the NAV practical expedient that have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet. (7) Primarily represents the net pending purchases and sales of plan assets. The net of this pending activity results in a net payable balance of $6 million as of June 29, 2024. The following table presents the fair value of the U.K. Retirement Plan’s assets by major asset category as of June 29, 2024: Assets Measured at Fair Value as of Jun. 29, 2024 Level 1 Level 2 Level 3 Measured at NAV (2) Total (In millions) Investment funds: Common contractual fund (1) $ — $ — $ — $ 158 $ 158 Total investments at fair value $ — $ — $ — $ 158 $ 158 (1) There were $4 million of unfunded commitments as of June 29, 2024. As of June 29, 2024 there are no monetary redemption restrictions, however timing restrictions ranged from daily to quarterly. (2) Includes certain investments that are measured at fair value using the NAV practical expedient that have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet. The following table presents the fair value of the U.S. Retirement Plan’s assets by major asset category as of July 1, 2023: Assets Measured at Fair Value as of Jul. 1, 2023 Level 1 Level 2 Level 3 Measured at NAV (6) Total (In millions) Cash and cash equivalents $ 13 $ 80 $ — $ — $ 93 Growth assets: U.S. equity (1) 17 — — 214 231 International equity (1) — — — 165 165 Hedge fund of funds (2) — — — 191 191 Real estate funds (3) — — — 105 105 Private equity funds (4) — — — 66 66 Liability hedging assets: Corporate bonds — 1,340 — 46 1,386 U.S. government and agency securities — 200 — 197 397 Other (5) — 7 — — 7 Total investments at fair value $ 30 $ 1,627 $ — $ 984 $ 2,641 (1) Includes direct investments in equity securities and within investment funds for which fair value is measured at NAV. There are no unfunded commitments as of July 1, 2023. The remaining investments may be redeemed once per day with advanced written notice and subject to applicable limits. (2) There were no unfunded commitments as of July 1, 2023, and there were no redemption restrictions as of July 1, 2023. The investment may be redeemed once per quarter. (3) For investments in the funds listed in this category, total unfunded commitment as of July 1, 2023 was $2 million. Less than 1% of the investments cannot be redeemed. The estimate of the liquidation period for these funds varies from 2023 to 2026. The remaining investments may be redeemed quarterly with advanced written notice and subject to applicable limits. (4) Total unfunded commitment as of July 1, 2023 was $15 million. The investments cannot be redeemed, but the fund will make distributions through liquidation. The estimate of the liquidation pe

MULTIEMPLOYER EMPLOYEE BENEFIT

MULTIEMPLOYER EMPLOYEE BENEFIT PLANS	12 Months Ended
	Jun. 29, 2024
Multiple-Employer Plan Accounted for as Multiemployer Plan [Abstract]
MULTIEMPLOYER EMPLOYEE BENEFIT PLANS	MULTIEMPLOYER EMPLOYEE BENEFIT PLANS Defined Benefit Pension Plans Sysco currently participates in several different multiemployer defined benefit pension plans in the United States (U.S.) based on obligations arising under collective bargaining agreements covering union-represented employees. Expenses related to these plans are recognized at the time we make contributions to the plans. We do not directly manage these multiemployer plans; pursuant to federal law, these plans are managed by boards of trustees, half of whom are appointed by the unions and the other half appointed by employers contributing to the plan. Some of our current employees in the U.S. are participants in such multiemployer plans as of June 29, 2024. The risks of participating in these multiemployer plans are different from single-employer plans in the following respects: • Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers. • If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. • If Sysco chooses to stop participating in some of its multiemployer plans in the U.S., Sysco may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. Based upon the information available from plan administrators, management believes that all of these multiemployer plans are, to different degrees, underfunded. In addition, pension-related legislation in the U.S. requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding. As a result, we expect our future contributions to these plans to increase. In addition, if a multiemployer defined benefit plan fails to satisfy certain minimum funding requirements, the Internal Revenue Service may impose a nondeductible excise tax of 5% on the amount of the accumulated funding deficiency for those employers contributing to the fund. However, under current law, this excise tax is unlikely to apply since multiemployer pension plans experiencing accumulated funding deficiencies are considered “critical” or “critical and declining,” and the excise tax does not apply to pension plans in critical or critical and declining status. Under current law regarding multiemployer defined benefit plans, a plan’s termination, Sysco’s voluntary withdrawal, or the mass withdrawal of all contributing employers from any underfunded multiemployer defined benefit plan would require us to make withdrawal liability payments to the plan for Sysco’s allocated share of the multiemployer plan’s unfunded vested benefit liabilities. Plan Contributions Our contributions to multiemployer defined benefit pension plans were as follows for each fiscal year: 2024 2023 2022 (In millions) Individually significant plans $ 47 $ 41 $ 35 All other plans 16 12 10 Total contributions $ 63 $ 53 $ 45 Individually Significant Plans The following information relates to multiemployer defined benefit pension plans that Sysco has determined to be individually significant to the company. As noted below, the company has determined only one plan – the Western Conference of Teamsters Pension Plan – as currently being individually significant to the company. To determine individually significant plans, the company evaluated several factors, including Sysco’s significance to the plan in terms of employees and contributions, the funded status of the plan and the size of the company’s potential withdrawal liability if it were to voluntarily withdraw from the plan. The following table provides information about the funded status of individually significant plans: • The “EIN-PN” column provides the Employer Identification Number (EIN) and the three-digit plan number (PN). • The “Pension Protection Act Zone Status” columns provide the two most recent Pension Protection Act zone statuses available from each plan. The zone status is based on information that the company received from the plan’s administrators and is certified by each plan’s actuary, together with information included in the annual return/reports filed by each plan with the U.S. Department of Labor. Among other factors, plans in the red zone are generally less than 65% funded, plans in the orange zone are both less than 80% funded and have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans in the yellow zone are less than 80% funded and plans in the green zone are at least 80% funded. The Multiemployer Protection Act of 2014 created a new zone called “critical and declining.” Plans are generally considered “critical and declining” if they are projected to become insolvent within 15 years. • The “FIP/RP Status” column indicates whether a financial improvement plan (FIP) for yellow/orange zone plans or a rehabilitation plan (RP) for red zone plans is pending or implemented in the current year or was put in place in a prior year. A status of “Pending” indicates a FIP/RP has been approved but actual period covered by the FIP/RP has not begun. A status of “Implemented” means the period covered by the FIP/RP began in the current year or is ongoing. • The “Surcharge Imposed” column indicates whether a surcharge or supplemental contribution was paid during the most recent annual period presented for the company’s contributions to each plan in the yellow, orange or red zone. If the company’s current collective bargaining agreement (CBA) with a plan satisfies the requirements of a pending but not yet implemented FIP or RP, then the payment of surcharges or supplemental contributions is not required and “No” will be reflected in this column. If the company’s current CBA with a plan does not yet satisfy the requirements of a pending but not yet implemented FIP or RP, then the payment of surcharges or supplemental contributions is required and “Yes” will be reflected in this column. Pension Protection Act Pension Fund EIN-PN As of 12/31/23 As of 12/31/22 FIP/RP Surcharge Expiration Western Conference of Teamsters Pension Plan 91-6145047-001 Green Green N/A N/A 6/30/2024 to 9/28/2028 (1) (1) Sysco is party to 24 CBAs that require contributions to the Western Conference of Teamsters Pension Trust. Each agreement covers anywhere from less than 1% to 21% of the total contributions Sysco is required to pay the fund. 1 of the CBAs expired during fiscal year 2024 and is currently being renegotiated. The following table provides information about the company’s contributions to individually significant plans: • The “Sysco Contributions” columns provide contribution amounts based on Sysco’s fiscal years, which may not coincide with the plans’ fiscal years. • The “Sysco 5% of Total Plan Contributions” columns indicate whether Sysco was listed on Schedule R of the plan’s most recently filed Form 5500s as providing more than five percent of the total contributions to the plan, and the plan year-end is noted. Sysco Contributions Sysco 5% of Pension Fund 2024 2023 2022 Year Ending 12/31/22 Year Ending 12/31/21 (In millions) Western Conference of Teamsters Pension Plan $ 47 $ 41 $ 35 No No For the plan noted in the table above, minimum contributions outside of the agreed upon contractual rate are not required.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Jun. 29, 2024
Earnings Per Share, Basic [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share: 2024 2023 2022 (In millions, except for share and per share data) Numerator: Net earnings $ 1,955 $ 1,770 $ 1,359 Denominator: Weighted-average basic shares outstanding 501,238,422 507,362,913 510,630,645 Dilutive effect of share-based awards 1,857,664 2,356,843 3,375,182 Weighted-average diluted shares outstanding 503,096,086 509,719,756 514,005,827 Basic earnings per share $ 3.90 $ 3.49 $ 2.66 Diluted earnings per share $ 3.89 $ 3.47 $ 2.64 The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 4,611,724, 2,373,000 and 1,538,000 for fiscal 2024, 2023 and 2022, respectively. Dividends declared were $1.0 billion, $999 million and $971 million in fiscal 2024, 2023 and 2022, respectively. Included in dividends declared for each year were dividends declared but not yet paid at year-end of approximately $251 million, $253 million and $249 million in fiscal 2024, 2023 and 2022, respectively. Accelerated Share Repurchase Program In January 2024, we entered into a Master Confirmation and Supplemental Confirmation (collectively, the ASR Agreement) with Goldman, Sachs & Co. (Goldman) relating to an accelerated share repurchase program (the ASR Program). Pursuant to the terms of the ASR Agreement, we agreed to repurchase $500 million of our common stock from Goldman under the share repurchase program authorized by our Board of Directors in May 2021. In connection with the ASR Program, we paid $500 million to Goldman and received an initial tranche of 6,026,110 shares of Sysco’s outstanding common stock. At settlement, 323,109 incremental shares were provided to Sysco. The incremental number of shares due upon settlement was determined based on the volume-weighted average share price of Sysco’s common stock during the term of the ASR Agreement less an agreed discount. The shares received were recognized in treasury stock and reduced the number of weighted average shares outstanding in fiscal 2024. In total, 6,349,219 shares were repurchased at an average price of $78.75.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	12 Months Ended
	Jun. 29, 2024
Other Comprehensive Income (Loss), Net of Tax [Abstract]
OTHER COMPREHENSIVE INCOME	OTHER COMPREHENSIVE INCOME Comprehensive income is net earnings plus certain other items that are recorded directly to shareholders’ equity, such as foreign currency translation adjustment, amounts r elated to certain hedging arrangements, amounts related to pension and other postretirement plans and changes in marketable securities . Comprehensive i ncome was $1.9 billion, $2.0 billion and $1.0 billion for fiscal 2024, 2023 and 2022, respectively. A summary of the components of other comprehensive income (loss) and the related tax effects for each of the periods presented is as follows: 2024 Location of Expense Before Tax Tax Net of Tax (In millions) Foreign currency translation: Foreign currency translation adjustment N/A $ (33) $ — $ (33) Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in excluded component of fair value Other expense, net 2 — 2 Change in cash flow hedges Operating expenses (1) 21 5 16 Change in net investment hedges N/A (5) (2) (3) Total other comprehensive income (loss) before reclassification adjustments 18 3 15 Reclassification adjustments: Amortization of cash flow hedges Interest expense 11 4 7 Pension and other postretirement benefit plans: Other comprehensive income before reclassification adjustments: Net actuarial loss, arising in the current year Other expense, net (130) (33) (97) Reclassification adjustments: Amortization of actuarial loss, net Other expense, net 28 8 20 Total reclassification adjustments 28 8 20 Marketable securities: Change in marketable securities (2) N/A 3 1 2 Total other comprehensive loss $ (103) $ (17) $ (86) (1) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. (2) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in fiscal 2024. 2023 Location of Expense Before Tax Tax Net of Tax (In millions) Foreign currency translation: Foreign currency translation adjustment N/A $ 127 $ — $ 127 Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedges Operating expenses (1) (71) (16) (55) Change in net investment hedges N/A (28) (7) (21) Total other comprehensive income (loss) before reclassification adjustments (99) (23) (76) Reclassification adjustments: Amortization of cash flow hedges Interest expense 11 3 8 Pension and other postretirement benefit plans: Other comprehensive income before reclassification adjustments: Net actuarial loss, arising in the current year Other expense, net (121) (32) (89) Settlements Other expense, net 315 78 237 Total other comprehensive income before reclassification adjustments 194 46 148 Reclassification adjustments: Amortization of actuarial loss, net Other expense, net 32 8 24 Total reclassification adjustments 32 8 24 Marketable securities: Change in marketable securities (2) N/A (2) — (2) Total other comprehensive income $ 263 $ 34 $ 229 (1) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. (2) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in fiscal 2023. 2022 Location of Expense Before Tax Tax Net of Tax (In millions) Foreign currency translation: Foreign currency translation adjustment N/A $ (461) $ — $ (461) Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedges Operating expenses (1) 31 7 24 Change in net investment hedges N/A 72 18 54 Total other comprehensive income before reclassification adjustments 103 25 78 Reclassification adjustments: Amortization of cash flow hedges Interest expense 11 2 9 Pension and other postretirement benefit plans: Other comprehensive income before reclassification adjustments: Net actuarial gain, arising in the current year (11) (2) (9) Reclassification adjustments: Amortization of actuarial loss, net Other expense, net 75 16 59 Total reclassification adjustments 75 16 59 Marketable securities: Change in marketable securities (2) N/A (12) (3) (9) Total other comprehensive loss $ (295) $ 38 $ (333) (1) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. (2) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in fiscal 2022. The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented: Foreign Currency Translation Hedging, net of tax Pension and Other Postretirement Benefit Plans, Marketable Securities Total (In millions) Balance as of Jul. 3, 2021 $ (40) $ (51) $ (1,062) $ 4 $ (1,149) Other comprehensive income before (461) 78 (9) — (392) Amounts reclassified from accumulated — 9 59 — 68 Change in marketable securities — — — (9) (9) Balance as of Jul. 2, 2022 (501) 36 (1,012) (5) (1,482) Other comprehensive income before 127 (76) 148 — 199 Amounts reclassified from accumulated — 8 24 — 32 Change in marketable securities — — — (2) (2) Balance as of Jul. 1, 2023 (374) (32) (840) (7) (1,253) Other comprehensive income before (33) 15 (97) — (115) Amounts reclassified from accumulated — 7 20 — 27 Change in marketable securities — — — 2 2 Balance as of Jun. 29, 2024 $ (407) $ (10) $ (917) $ (5) $ (1,339)

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Jun. 29, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION We provide compensation benefits to employees under several share-based payment arrangements including various long-term employee stock incentive plans and the 2015 Employee Stock Purchase Plan (ESPP). Stock Incentive Plans In November 2018, Sysco’s Omnibus Incentive Plan (2018 Plan) was adopted and reserved up to 51,500,000 shares of Sysco common stock for share-based awards to employees, non-employee directors and key advisors. Of the 51,500,000 authorized shares, the full 51,500,000 shares may be issued as options or stock appreciation rights and up to 17,500,000 shares may be issued as restricted stock, restricted stock units or other types of stock-based awards. To date, we have issued options, restricted stock units and performance share units under the 2018 Plan. Vesting requirements for awards under the 2018 Plan vary by individual grant and may include either time-based vesting or time-based vesting subject to acceleration based on performance criteria for fiscal periods of at least one year. The contractual life of all options granted under the 2018 Plan are and will be no greater than ten years. As of June 29, 2024, there were 38,124,860 remaining shares authorized and available for grant in total under the 2018 Plan, of which the full 38,124,860 shares may be issued as options or stock appreciation rights, or as a combination of up to 10,689,230 shares that may be issued as restricted stock, restricted stock units or other types of stock-based awards, with the remainder available for issuance as options or stock appreciation rights. We have also granted employee options under several previous employee stock option plans for which previously granted options remain outstanding as of June 29, 2024. No new options will be issued under any of the prior plans. Future grants to employees will be made through the 2018 Plan or subsequently adopted plans. Awards under these plans are subject to time-based vesting with vesting periods that vary by individual grant. The contractual life of all options granted under these plans is ten years. Our policy is to utilize treasury stock for issuing shares upon share option exercise or share unit conversion. Performance Share Units During fiscal 2024 and 2023, 527,081 and 460,672 performance share units (PSUs), respectively, were granted to employees. Based on the jurisdiction in which the employee resides, some of these PSUs were granted with forfeitable dividend equivalents. The fair value of each PSU award granted with a dividend equivalent is based on the company’s stock price as of the date of grant. For PSUs granted without dividend equivalents, the fair value was reduced by the present value of expected dividends during the vesting period. The weighted average grant-date fair value per performance share unit granted during fiscal 2024 and 2023 was $74.91 and $84.87, respectively. The PSUs will convert into shares of Sysco common stock at the end of the performance period based on actual performance targets achieved as well as the market-based return of Sysco’s common stock relative to that of the S&P 500 index companies. Stock Options Our option awards are subject to graded vesting over a requisite service period with compensation cost recognized on a straight-line basis through the requisite service period over the duration of the award. In addition, certain of our options provide that the options continue to vest as if the optionee continued as an employee or director if the optionee meets certain age and years of service thresholds upon retirement. In these cases, Sysco will recognize compensation cost for such awards over the period from the grant date to the date the employee or director first becomes eligible to retire with the options continuing to vest after retirement. The fair value of each option award is estimated as of the date of grant using a Black-Scholes option pricing model. Expected dividend yield is estimated based on the historical pattern of dividends and the average stock price for the year preceding the option grant. Expected volatility is based on historical volatility of Sysco’s stock, implied volatilities from traded options on Sysco’s stock, and other factors. The risk-free rate for the expected term of the option is based on the United States Treasury yield curve in effect at the time of grant. Sysco utilizes historical data to estimate option exercise and employee termination behavior in determining the expected life of awards for valuation purposes. The weighted average assumptions discussed above are noted in the table below for relevant periods as follows: 2024 2023 2022 Dividend yield 2.6 % 2.4 % 2.5 % Expected volatility 27.2 % 32.6 % 30.1 % Risk-free interest rate 4.1 % 3.0 % 1.0 % Expected Life 6.6 years 6.6 years 6.6 years The following summary presents information regarding outstanding options as of June 29, 2024 and changes during the fiscal year then ended with regard to options under all stock incentive plans: Shares Under Option Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding as of July 1, 2023 9,750,183 $ 65.05 Granted 808,279 73.06 Exercised 1,586,486 55.05 Forfeited 477,689 77.65 Expired — — Outstanding as of June 29, 2024 8,494,287 $ 66.97 5.19 $ 63 Expected to vest as of June 29, 2024 1,444,819 77.71 8.42 NM Exercisable as of June 29, 2024 6,997,052 $ 64.68 4.50 $ 63 The total number of employee options granted was 808,279, 954,249 and 1,224,150 in fiscal years 2024, 2023 and 2022, respectively. During fiscal 2024, 322,325 options were granted to 12 executive officers and 485,954 options were granted to 167 other key employees. During fiscal 2023, 384,212 options were granted to 13 executive officers and 570,037 options were granted to 167 other key employees. During fiscal 2022, 499,554 options were granted to 11 executive officers and 724,596 were granted to 145 other key employees. The weighted average grant date fair value of options granted in fiscal 2024, 2023 and 2022 was $19.27, $24.46 and $17.39, respectively. The total intrinsic value of options exercised during fiscal 2024, 2023 and 2022 was $1 million, $1 million and $5 million, respectively. Restricted Stock Units During fiscal 2024, 2023 and 2022, 1,146,158, 917,560 and 758,934 restricted stock units, respectively, were granted to employees, the majority of which will vest ratably over a three-year period. Some of these restricted stock units were granted with dividend equivalents. The fair value of each restricted stock unit award granted with a dividend equivalent is based on the company’s stock price as of the date of grant. For restricted stock unit awards granted without dividend equivalents, the fair value was reduced by the present value of expected dividends as of the grant date during the vesting period. The weighted average grant date fair value per share of restricted stock units granted during fiscal 2024, 2023 and 2022 was $74.52, $75.66 and $80.31, respectively. The total fair value of restricted stock units vested during fiscal 2024, 2023 and 2022 was $52 million, $44 million and $42 million, respectively. The total intrinsic value of restricted stock units vested during fiscal 2024, 2023 and 2022 was $54 million, $47 million and $53 million, respectively. Non-Employee Director Awards During fiscal 2024, 2023 and 2022, 29,115, 22,055 and 22,293 restricted equity awards, respectively, were granted to non-employee directors (NEDs), which will vest over a one-year period. NEDs may elect to receive these awards in restricted stock shares that will vest at the end of the award stated vesting period or as deferred units that convert into shares of Sysco common stock on a date subsequent to the award stated vesting date selected by the NED. The fair value of the restricted awards is based on the company’s stock price as of the date of grant. The weighted average grant date fair value of the shares granted during fiscal 2024, 2023 and 2022 was $70.67, $84.10 and $74.93, respectively. The total fair value of restricted stock shares vested and deferred units distributed during fiscal 2024, 2023 and 2022 was $2 million, $2 million and $2 million, respectively. Restricted stock shares are valued on their vesting date. Vested deferred units are valued on their subsequent conversion and distribution date. NEDs may elect to receive up to 100% of their annual directors’ fees in Sysco common stock on either an annual or deferred basis. As a result of such elections, a total of 5,966, 6,974 and 6,002 shares with a weighted-average grant date fair value of $72.22, $78.82 and $78.35 per share were issued in fiscal 2024, 2023 and 2022, respectively, in the form of fully vested common stock or deferred units. Common stock shares are valued on their vesting date. Vested deferred units are valued on their subsequent conversion and distribution date. As of June 29, 2024, there were 117,455 fully vested deferred units outstanding that will convert into shares of Sysco common stock upon dates selected by the respective NED. Summary of Equity Instruments Other Than Stock Options The following summary presents information regarding outstanding non-vested awards as of June 29, 2024 and changes during the fiscal year then ended with regard to these awards under the stock incentive plans. Award types represented include restricted stock units granted to employees, restricted awards granted to non-employee directors and PSUs. Shares Weighted Average Grant Date Fair Value Per Share Non-vested as of July 1, 2023 2,453,904 $ 82.05 Granted 1,727,704 74.58 Vested (722,080) 73.96 Forfeited (487,334) 77.24 Non-vested as of June 29, 2024 2,972,194 $ 80.46 2015 Employee Stock Purchase Plan The Sysco ESPP permits employees to invest in Sysco common stock by means of periodic payroll deductions at a discount of 15% from the closing price on the last business day of each calendar quarter. The total number of shares that may be sold pursuant to the ESPP may not exceed 79,000,000 shares, of which 1,127,023 remained available as of June 29, 2024. During fiscal 2024, 1,092,062 shares of Sysco common stock were purchased by the participants, as compared to 1,032,545 shares purchased in fiscal 2023 and 868,439 shares purchased in fiscal 2022. The weighted average fair value of employee stock purchase rights issued pursuant to the ESPP was $10.83, $11.15 and $12.10 per share during fiscal 2024, 2023 and 2022, respectively. The fair value of the stock purchase rights was calculated as the difference between the stock price at date of issuance and the employee purchase price. All Share-Based Payment Arrangements The total share-based compensation cost included in operating expenses in the consolidated results of operations was $104 million, $96 million and $122 million for fiscal 2024, 2023 and 2022, respectively. Our expense related to our PSUs decreased, as the performance metrics are trending below target for awards not yet paid. The total income tax benefit for share-based compensation arrangements was $17 million, $16 million and $19 million for fiscal 2024, 2023 and 2022, respectively. As of June 29, 2024, there was $136 million of total unrecognized share-based compensation cost, which is expected to be recognized over a weighted-average period of 1.9 years. Cash received from option exercises and ESPP participation was $120 million, $79 million and $128 million during fiscal 2024, 2023 and 2022, respectively. The actual tax benefit realized for the tax deductions from option exercises totaled $4 million, $2 million and $13 million during fiscal 2024, 2023 and 2022, respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 29, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Provisions For financial reporting purposes, earnings before income taxes consists of the following: 2024 2023 2022 (In millions) U.S. $ 2,260 $ 1,941 $ 1,643 Foreign 305 344 104 Total $ 2,565 $ 2,285 $ 1,747 The income tax provision for each fiscal year consists of the following: 2024 2023 2022 (In millions) U.S. federal income taxes $ 447 $ 388 $ 354 State and local income taxes 125 79 45 Foreign income taxes 38 48 (11) Total $ 610 $ 515 $ 388 The current and deferred components of the income tax provisions for each fiscal year are as follows: 2024 2023 2022 (In millions) Current $ 584 $ 531 $ 452 Deferred 26 (16) (64) Total $ 610 $ 515 $ 388 The deferred tax provisions result from the effects of net changes during the year in deferred tax assets and liabilities arising from temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Effective Tax Rates Reconciliations of the statutory federal income tax rate to the effective income tax rates for each fiscal year are as follows: 2024 2023 2022 U.S. statutory federal income tax rate 21.0 % 21.0 % 21.0 % State and local income taxes, net of any applicable federal income tax benefit 3.9 2.6 2.4 Foreign income taxes (1.0) (1.1) (1.9) Uncertain tax positions 0.1 0.1 0.8 Tax benefit of equity-based compensation 0.1 (0.1) (0.1) Other (0.3) 0.1 — Effective income tax rate 23.8 % 22.6 % 22.2 % The effective tax rate of 23.8% for fiscal 2024 was impacted by (1) state income tax expense of $99 million and (2) the mix of earnings from our foreign operations which are taxed at rates different than our domestic tax rate, as well as credits, local permanent differences and other minimum taxes, which resulted in a net increase in the effective tax rate. The effective tax rate of 22.6% for fiscal 2023 was impacted by (1) state income tax expense of $60 million and (2) earnings from our foreign operations which are taxed at rates different than our domestic tax rate, as well as credits, local permanent differences and other minimum taxes, which resulted in a net increase in the effective tax rate. Deferred Tax Assets and Liabilities Significant components of Sysco’s deferred tax assets and liabilities are as follows: Jun. 29, 2024 Jul. 1, 2023 (In millions) Deferred tax assets: Net operating tax loss carryforwards $ 534 $ 537 Operating lease liabilities 237 171 Interest carryforwards 228 205 Pension 121 101 Receivables 52 51 Inventory 30 27 Deferred compensation 28 26 Share-based compensation 27 24 Other 67 60 Deferred tax assets before valuation allowances 1,324 1,202 Valuation allowances (278) (267) Total deferred tax assets 1,046 935 Deferred tax liabilities: Goodwill and intangible assets 374 364 Excess tax depreciation and basis differences of assets 285 238 Operating lease assets 231 172 Foreign currency remeasurement losses and currency hedge 20 16 Other 36 28 Total deferred tax liabilities 946 818 Total net deferred tax assets $ 100 $ 117 Our deferred tax asset for net operating loss carryforwards as of June 29, 2024 and July 1, 2023 consisted of state and foreign net operating tax loss carryforwards. The state net operating loss carryforwards outstanding as of June 29, 2024 expire in fiscal years 2025 through 2044, with some losses having unlimited carryforward periods. The foreign net operating loss carryforward periods vary by jurisdiction, from 5 years to unlimited. We assess the recoverability of our deferred tax assets each period by considering whether it is more likely than not that all or a portion of the deferred tax assets will not be realized. We consider all available evidence (both positive and negative) in determining whether a valuation allowance is required. As a result of the company’s analysis, it was concluded that, as of June 29, 2024, a valuation allowance of $278 million should be established against the portion of the deferred tax asset attributable to capital losses, certain state interest, and foreign and U.S. state losses. We will continue to monitor facts and circumstances in the reassessment of the likelihood that net operating loss carryforwards will be realized. Uncertain Tax Positions Our uncertain tax position balance was $32 million in both fiscal 2024 and fiscal 2023. The gross amount of liability for accrued interest and penalties related to unrecognized tax benefits was $12 million as of June 29, 2024 and $8 million as of July 1, 2023. The expense recorded for interest and penalties related to unrecognized tax benefits was not material in any year presented. It is reasonably possible that the amount of the unrecognized tax benefit with respect to certain of the company’s unrecognized tax positions will increase or decrease in the next twelve months. At this time, an estimate of the range of the reasonably possible change cannot be made. During fiscal 2023, Sysco received a Statutory Notice of Deficiency from the Internal Revenue Service, mainly related to foreign tax credits generated in fiscal 2018 from repatriated earnings primarily from our Canadian operations. In the fourth quarter of fiscal 2023, we filed suit in the U.S. Tax Court challenging the validity of certain tax regulations related to the one-time transition tax on unrepatriated foreign earnings, which was enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA). The lawsuit seeks to have the court invalidate these regulations, which would affirm our position regarding our foreign tax credits. We previously recorded a benefit of $131 million attributable to our interpretation of the TCJA and the Internal Revenue Code. If we are ultimately unsuccessful in defending our position, we may be required to reverse all, or some portion, of the benefit previously recorded. If we were to recognize all unrecognized tax benefits recorded as of June 29, 2024 and July 1, 2023, approximately all of the $32 million reserve would reduce the effective tax rate for each year, respectively. It is reasonably possible that the amount of the unrecognized tax benefits with respect to certain of our unrecognized tax positions will increase or decrease in the next twelve months either because our positions are sustained on audit or because the company agrees to their disallowance. Items that may cause changes to unrecognized tax benefits primarily include the consideration of various filing requirements in various jurisdictions and the allocation of income and expense between tax jurisdictions. In addition, the amount of unrecognized tax benefits recognized within the next twelve months may decrease due to the expiration of the statute of limitations for certain years in various jurisdictions; however, it is possible that a jurisdiction may open an audit on one of these years prior to the statute of limitations expiring. We anticipate an immaterial decrease to the reserve within twelve months as a result of lapse of statutes. We remain subject to income tax examinations for our U.S. federal income taxes for fiscal 2018 and subsequent tax years. As of June 29, 2024, Sysco’s tax returns in the majority of the state and local and material foreign jurisdictions are no longer subject to audit for the years before 2017. Other We intend to indefinitely reinvest income of our foreign operations except for income from a Singapore entity, and, as a result, no material accruals have been made with respect to the tax effects of unremitted earnings from these reinvested foreign earnings, including impacts of outside basis differences and withholding taxes. The Singapore income for which we are not claiming permanent reinvestment only relates to income for fiscal year 2023 and forward. The company has not recorded any withholding tax liability on the current year undistributed Singapore earnings, as the distribution of this income to the U.S. would not result in any income or withholding tax liability. As a result of the U.S. Tax Cuts and Jobs Act, unremitted earnings prior to the effective date of the act have been subject to U.S. income tax. Any residual tax effects, including foreign withholding taxes, are immaterial to the financial statements. On October 8, 2021, the Organization for Economic Co-operation and Development (OECD) announced the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting, which provides for a two-pillar solution to address tax challenges arising from the digitalization of the economy. Pillar One expands a country’s authority to tax profits from companies that make sales into their country but do not have a physical location in the country. Pillar Two includes an agreement on international tax reform, including rules to ensure that large corporations pay a minimum rate of corporate income tax. On December 20, 2021, the OECD released Pillar Two Model Rules defining the global minimum tax, which calls for the taxation of large corporations at a minimum rate of 15%. For Sysco, Pillar Two will be effective in fiscal year 2025. The determination of our provision for income taxes requires judgment, the use of estimates and the interpretation and application of complex tax laws. Our provision for income taxes reflects income earned and taxed in the various U.S. federal and state, as well as foreign jurisdictions. Tax law changes, increases or decreases in permanent book versus tax basis differences, accruals or adjustments of accruals for unrecognized tax benefits or valuation allowances, and the company’s change in the mix of earnings from these taxing jurisdictions all affect the overall effective tax rate.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Proceedings Sysco is engaged in various legal proceedings that have arisen but have not been fully adjudicated. The likelihood of loss for these legal proceedings, based on definitions within contingency accounting literature, ranges from remote to reasonably possible to probable. When probable and reasonably estimable, the losses have been accrued. Although the final results of legal proceedings cannot be predicted with certainty, based on estimates of the range of potential losses associated with these matters, management does not believe 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. We have been pursuing claims against a variety of vendors from which the company purchased products. To mitigate the risk of incurring significant legal fees on these claims without any ultimate gain, in calendar 2019 and 2020, we entered into agreements with a third party whereby Sysco secured a minimum amount of cash proceeds from the third party in exchange for assigning to the third party the rights to a portion of the future litigation proceeds. At the time of receipt of these cash proceeds, the amounts were deferred in “Other long-term liabilities.” In June 2023, an agreement was reached in which we assigned all remaining claims against these vendors to the third party. As a result, Sysco is no longer obligated to pursue litigation against these vendors and therefore previous deferred proceeds were recognized within “Other expense (income), net.” In total, this agreement resulted in $122 million being recognized in “Other expense (income), net” in June 2023. Other Commitments Sysco has committed to aggregate product purchases for resale in order to benefit from a centralized approach to purchasing. A majority of these agreements expire within one year; however, certain agreements have terms through fiscal 2029. These agreements commit the company to a minimum volume at various pricing terms, including fixed pricing, variable pricing or a combination thereof. Minimum amounts committed to as of June 29, 2024 totaled approximately $10.6 billion. Minimum amounts committed to by year are as follows: Amount (In millions) 2025 $ 7,294 2026 2,237 2027 799 2028 211 2029 15 We have contracts with various third-party service providers to receive information technology services and warehouse management services. The services have been committed for periods up to fiscal 2036 and may be extended. As of June 29, 2024, the total remaining cost of the services over that period is expected to be approximately $271 million. A portion of this committed amount may be reduced by Sysco utilizing less than estimated resources and can be increased by Sysco utilizing more than estimated resources. Certain agreements allow adjustments for inflation. Sysco may also cancel a portion or all of the services provided subject to termination fees that decrease over time. If Sysco were to terminate all of the services in fiscal 2025, the estimated termination fees incurred in fiscal 2025 would be approximately $98 million.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	12 Months Ended
	Jun. 29, 2024
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION We have combined certain of our operations in three reportable segments. “Other” financial information is attributable to the company’s other operating segments that do not meet the quantitative disclosure thresholds. • U.S. Foodservice Operations – primarily includes (a) our U.S. Broadline operations, which distribute a full line of food products, including custom-cut meat, seafood, produce, specialty Italian, specialty imports and a wide variety of non-food products and (b) our U.S. Specialty operations, which include our FreshPoint fresh produce distribution business, our Specialty Meats and Seafood Group specialty protein operations, our growing Italian Specialty platform anchored by Greco & Sons, Inc., Edward Don, acquired in the second quarter of fiscal 2024, which distributes restaurant equipment and supplies, our Asian specialty distribution company and a number of other small specialty businesses that are not material to the operations of Sysco; • International Foodservice Operations – includes operations outside of the U.S., which distribute a full line of food products and a wide variety of non-food products. The Americas primarily consists of operations in Canada, Bahamas, Mexico, Costa Rica and Panama, as well as our export operations that distribute to international customers. Our European operations primarily consist of operations in the United Kingdom (U.K.), France, Ireland and Sweden; • SYGMA – our U.S. customized distribution operations serving quick-service chain restaurant customer locations; and • Other – primarily our hotel supply operations, Guest Worldwide. The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated financial statements. Our Global Support Center expenses generally include all expenses of the corporate office and Sysco’s shared service operations. These also include all U.S. share-based compensation costs. The following tables set forth certain financial information for Sysco’s business segments. Fiscal Year 2024 2023 2022 Sales: (In millions) U.S. Foodservice Operations $ 55,339 $ 53,683 $ 48,521 International Foodservice Operations 14,561 13,560 11,787 SYGMA 7,768 7,843 7,246 Other 1,176 1,239 1,082 Total $ 78,844 $ 76,325 $ 68,636 Fiscal Year 2024 2023 2022 Operating income (loss): (In millions) U.S. Foodservice Operations $ 3,673 $ 3,587 $ 3,181 International Foodservice Operations 375 314 100 SYGMA 72 56 (3) Other 40 57 17 Total segments 4,160 4,014 3,295 Global Support Center (958) (975) (949) Total operating income 3,202 3,039 2,346 Interest expense 607 527 624 Other expense (income), net 30 227 (25) Earnings before income taxes $ 2,565 $ 2,285 $ 1,747 Fiscal Year 2024 2023 2022 Depreciation and amortization: (In millions) U.S. Foodservice Operations $ 499 $ 437 $ 407 International Foodservice Operations 247 218 240 SYGMA 33 32 31 Other 10 8 9 Total segments 789 695 687 Global Support Center 84 81 86 Total $ 873 $ 776 $ 773 Fiscal Year 2024 2023 2022 Capital Expenditures: (In millions) U.S. Foodservice Operations $ 366 $ 389 $ 262 International Foodservice Operations 289 193 155 SYGMA 21 31 35 Other 35 23 5 Total segments 711 636 457 Global Support Center 121 157 176 Total $ 832 $ 793 $ 633 Fiscal Year 2024 2023 2022 Assets: (In millions) U.S. Foodservice Operations $ 12,505 $ 11,398 $ 9,541 International Foodservice Operations 7,545 7,433 6,596 SYGMA 923 840 835 Other 616 644 555 Total segments 21,589 20,315 17,527 Global Support Center 3,328 2,506 4,559 Total $ 24,917 $ 22,821 $ 22,086 Information concerning geographic areas is as follows: Fiscal Year 2024 2023 2022 Sales: (In millions) United States $ 63,931 $ 62,404 $ 56,511 Canada 5,993 5,828 5,094 United Kingdom 3,760 3,340 2,859 France 1,712 1,591 1,413 Other 3,448 3,162 2,759 Total $ 78,844 $ 76,325 $ 68,636 Plant and equipment at cost, less accumulated depreciation: United States $ 4,165 $ 3,721 $ 3,346 United Kingdom 369 298 249 Canada 364 335 337 France 308 300 304 Other 291 261 220 Total $ 5,497 $ 4,915 $ 4,456 Operating lease right-of-use assets, net: United States $ 487 $ 338 $ 317 United Kingdom 194 197 193 Canada 88 28 39 France 59 65 78 Sweden 32 37 38 Other 63 67 58 Total $ 923 $ 732 $ 723 The sales mix for the principal product categories by segment is disclosed in Note 3, “Revenue.”

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Pay vs Performance Disclosure
Net earnings	$ 1,955	$ 1,770	$ 1,359

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 29, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	The table below shows the plans or other arrangements adopted or terminated during the quarter ended June 29, 2024 providing for the purchase and/or sale of Sysco securities by Sysco’s directors and Section 16 officers: Name Title Action Date Trading Arrangement Number of Securities Converted Expiration Date (3) Rule 10b5-1 (1) Non-Rule 10b5-1 (2) Eve McFadden Senior Vice President, Legal, General Counsel and Corporate Secretary Adopt May 7, 2024 x 10,535 shares to be sold May 2, 2025 (1) Intended to satisfy the affirmative defense conditions of SEC Rule 10b5-1(c). (2) Non-Rule Rule 10b5-1 trading arrangement as defined in Item 408 of Regulation S-K. (3) Each Plan terminates on the earlier of: (i) the expiration date listed in the table above; (ii) the first date on which all trades set forth in the Plan have been executed; or (iii) such date the Plan is otherwise terminated according to its terms.
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Eve McFadden [Member]
Trading Arrangements, by Individual
Name	Eve McFadden
Title	Senior Vice President, Legal, General Counsel and Corporate Secretary
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 7, 2024
Expiration Date	May 2, 2025
Aggregate Available	10,535
Kevin Hourican [Member]
Trading Arrangements, by Individual
Arrangement Duration	360 days

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Jun. 29, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 29, 2024
Accounting Policies [Abstract]
Business and Consolidation	Business and Consolidation Sysco Corporation, acting through its subsidiaries and divisions (Sysco or the company), is engaged in the marketing and distribution of a wide range of food and related products primarily to the foodservice or food-away-from-home industry. These services are performed for approximately 730,000 customers from 340 distribution facilities located throughout North America and Europe. Sysco’s fiscal year ends on the Saturday nearest to June 30th. This resulted in a 52-week year ended June 29, 2024 for fiscal 2024, a 52-week year ended July 1, 2023 for fiscal 2023, and a 52-week year ended July 2, 2022 for fiscal 2022. The company will have a 52-week year ending June 28, 2025 for fiscal 2025. The accompanying financial statements include the accounts of Sysco and its consolidated subsidiaries. All significant intercompany transactions and account balances have been eliminated. The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates that affect the reported amounts of assets, liabilities, sales and expenses. Actual results could differ from the estimates used.
Fiscal period	Sysco’s fiscal year ends on the Saturday nearest to June 30th. This resulted in a 52-week year ended June 29, 2024 for fiscal 2024, a 52-week year ended July 1, 2023 for fiscal 2023, and a 52-week year ended July 2, 2022 for fiscal 2022. The company will have a 52-week year ending June 28, 2025 for fiscal 2025.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash includes cash equivalents such as cash deposits, time deposits, certificates of deposit, commercial paper, high-quality money market funds and all highly liquid instruments with original maturities of three months or less, which are recorded at fair value.
Accounts Receivable, Less Allowances	Accounts Receivable, Less Allowances Accounts receivable consist primarily of trade receivables from customers and receivables from suppliers for marketing or incentive programs. Sysco determines the past due status of trade receivables based on contractual terms with each customer and evaluates the collectability of accounts receivable to determine an appropriate allowance for credit losses on trade receivables. To calculate an allowance for credit losses, we estimate uncollectible amounts based on historical loss experience, including those experienced during times of local and regional disasters, current conditions and collection rates, and expectations regarding future losses. Allowances are recorded for all other receivables based on an analysis of historical trends of write-offs and recoveries.
Inventories	Inventories Inventories consisting primarily of finished goods include food and related products and lodging products held for resale. Inventories are valued at the lower of cost (first-in, first-out method) and net realizable value. Elements of costs include the purchase price of the product and freight charges to deliver the product to the company’s warehouses and are net of certain cash received from vendors (see Vendor Consideration).
Plant and Equipment	Plant and Equipment Capital additions, improvements and major replacements are classified as plant and equipment and are carried at cost. Depreciation is recorded using the straight-line method, which reduces the book value of each asset in equal amounts over its estimated useful life. Depreciation is included within operating expenses in the consolidated results of operations. Maintenance, repairs and minor replacements are charged to earnings when they are incurred. Upon the disposition of an asset, its accumulated depreciation is deducted from the original cost, and any gain or loss is reflected in current earnings. We capitalize certain computer software and costs incurred in developing and enhancing software for internal use. When these assets become ready for their intended use, these costs are included in computer hardware and software and amortized on a straight-line basis over their estimated useful lives. Capitalized costs related to the acquisition and development of internal use software were $171 million in fiscal 2024, $70 million in fiscal 2023 and $87 million in fiscal 2022.
Long-Lived Assets	Long-Lived Assets For assets held for use, Sysco groups assets and liabilities at the lowest level for which cash flows are separately identifiable. If the evaluation indicates that the carrying value of the asset group may not be recoverable, the potential impairment is measured using fair value. Impairment losses for assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal. Management reviews long-lived assets, including finite-lived intangible assets, for indicators of impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Cash flows expected to be generated by the related asset groups are estimated over the asset group’s useful life on an undiscounted basis.
Goodwill and Indefinite-Lived Intangibles	Goodwill and Indefinite-Lived Intangibles Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill and intangibles with indefinite lives are not amortized. Goodwill is assigned to the reporting units that are expected to benefit from the synergies of a business combination. The recoverability of goodwill and indefinite-lived intangibles is assessed annually, or more frequently as needed when events or changes have occurred that would suggest an impairment of carrying value, by determining whether the fair values of the applicable reporting units exceed their carrying values. This annual testing may be performed utilizing either a qualitative or quantitative assessment; however, if a qualitative assessment is performed and it is determined that the fair value of a reporting unit is more likely than not (i.e., a likelihood of more than 50 percent) to be less than its carrying amount, a quantitative test is performed. For fiscal 2024, we utilized a qualitative assessment for certain reporting units. For the remaining reporting units, Sysco performed a quantitative test using a combination of the income and market approaches. The evaluation of fair value requires a discounted cash flow analysis using projections, estimates and assumptions as to the future performance of the operations in addition to assumptions regarding sales and earnings multiples that would be applied in comparable acquisitions.
Derivative Financial Instruments	Derivative Financial Instruments All derivatives are recognized as assets or liabilities within the consolidated balance sheets at fair value at their gross values. Gains or losses on derivative financial instruments designated as fair value hedges are recognized immediately in the consolidated results of operations, along with the offsetting gain or loss related to the underlying hedged item. Gains or losses on derivative financial instruments designated as cash flow hedges are recorded as a component of Accumulated Other Comprehensive Income (Loss) (AOCI) from inception of the hedges and are reclassified to the consolidated results of operations in conjunction with the recognition of the underlying hedged item. For net investment hedges, the remeasurement gain or loss is recorded in accumulated other comprehensive income and will be subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.
Investments in Corporate-Owned Life Insurance	Investments in Corporate-Owned Life Insurance
Treasury Stock	Treasury Stock We record treasury stock purchases at cost. Shares removed from treasury are valued at cost using the average cost method.
Foreign Currency Translation	Foreign Currency Translation The assets and liabilities of all foreign subsidiaries are translated at current exchange rates. Related translation adjustments are recorded as a component of AOCI.
Revenue Recognition/Shipping and Handling Costs	Revenue Recognition Sysco, in accordance with Accounting Standards Codification (ASC) Topic 606, recognizes revenues when the performance obligation is satisfied. This is the point at which control of the promised goods or services are transferred to our customers. Revenues are recorded in an amount that reflects the consideration Sysco expects to be entitled to receive in exchange for those goods or services. For the majority of our customer arrangements, control transfers to customers at a point-in-time when goods have been delivered, as that is generally when legal title, physical possession and risks and rewards of goods/services transfers to the customer. The timing of satisfaction of the performance obligation is not subject to significant judgment. Sales tax collected from customers is not included in revenue, but rather recorded as a liability due to the respective taxing authorities. Shipping and handling costs include costs associated with the selection of products and delivery to customers and are included within operating expenses. Product Sales Revenues Sysco generates revenue primarily from the distribution and sale of food and related products to its customers. Substantially all revenue is recognized at the point in time in which the product is delivered to the customer. We grant certain customers sales incentives, such as rebates or discounts, which are accounted for as variable consideration. The variable consideration is based on amounts known at the time the performance obligation is satisfied and, therefore, requires minimal judgment. The disclosure of disaggregated revenues is presented in Note 3, “Revenue.” Contract Balances After completion of Sysco’s performance obligations, we have an unconditional right to consideration as outlined in its contracts with customers. We extend credit terms to some of our customers based on our assessment of each customer’s creditworthiness. Customer receivables included in accounts receivable, less allowances in the consolidated balance sheet, were $5.0 billion and $4.7 billion as of June 29, 2024 and July 1, 2023, respectively. Sysco has certain customer contracts in which upfront monies are paid to its customers. These payments have become industry practice and are not related to financing of the customer’s business. They are not associated with any distinct good or service to be received from the customer and therefore, are treated as a reduction of transaction prices. All upfront payments are capitalized in other assets and amortized over the life of the contract or the expected life of the relationship with the customer on a straight-line basis. As of June 29, 2024, Sysco’s contract assets were not significant. We have no significant commissions paid that are directly attributable to obtaining a particular contract. Shipping and Handling Costs
Vendor Consideration	Vendor Consideration
Insurance Program	Insurance Program Sysco maintains a self-insurance program covering portions of workers’ compensation, general and vehicle liability and property insurance costs. The amounts in excess of the self-insured levels are fully insured by third party insurers. Sysco has a wholly owned captive insurance subsidiary (the Captive) with the primary purpose to enhance Sysco’s risk financing strategies by providing Sysco the opportunity to negotiate insurance premiums in the non-retail insurance market. The Captive must maintain a sufficient level of cash to fund future reserve payments and secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. The Captive holds restricted assets in order to meet solvency requirements, including a restricted investment portfolio of marketable fixed income securities, which have been classified and accounted for as available-for-sale, and cash and restricted cash equivalents held in a cash deposit account. Further, Sysco has letters of credit available to collateralize the remaining liabilities not covered by restricted cash, restricted cash equivalents and marketable securities. The company also maintains a fully self-insured group medical program. Liabilities associated with these risks are estimated in part by considering historical claims experience, medical cost trends, demographic factors, severity factors and other actuarial assumptions.
Share-Based Compensation	Share-Based Compensation We recognize share-based compensation expense based on the fair value of the awards that are granted. The fair value of performance share unit awards is determined based on the target number of shares of common stock and the company’s stock price on the date of grant and subsequently adjusted based on actual and forecasted performance compared to planned targets. The fair value of stock options is estimated at the date of grant using the Black-Scholes option pricing model. Option pricing methods require the input of subjective assumptions, including the expected stock price volatility. The fair value of restricted stock and restricted stock unit awards are based on the company’s stock price on the date of grant. Measured compensation cost is recognized ratably over the vesting period of the related share-based compensation award. During the vesting period, we reduce share-based compensation expense for estimated forfeitures based on an analysis of historical trends reviewed annually. Sysco’s estimate of forfeitures is applied at the grant level. The estimate of forfeitures is adjusted to the amount of actual forfeitures at the end of each vesting period.
Income Taxes	Income Taxes We recognize deferred tax assets and liabilities based on the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured pursuant to tax laws using rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The impact on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to the amount more likely than not to be realized. The additional United States (U.S.) federal tax burden as a result of the global intangible low taxed income regime is accounted for as a periodic cost. The determination of our provision for income taxes requires judgment, the use of estimates and the interpretation and application of complex tax laws. The company’s provision for income taxes primarily reflects a combination of income earned and taxed in the various U.S. federal and state, as well as various foreign jurisdictions. Jurisdictional tax law changes, increases or decreases in permanent differences between book and tax items, accruals or adjustments of accruals for tax contingencies or valuation allowances, and the company’s change in the mix of earnings from these taxing jurisdictions all affect the overall effective tax rate.
Acquisitions	Acquisitions Acquisitions of businesses are accounted for using the acquisition method of accounting. The financial statements include the results of the acquired operations from the respective dates of acquisition.
Basis of Presentation	Basis of Presentation The financial statements include consolidated balance sheets, consolidated results of operations, consolidated statements of comprehensive income, changes in consolidated shareholders’ equity and consolidated 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 and cash flows in conformity with GAAP for all periods presented have been made. Sysco has interests in various jointly owned foodservice operations in Mexico and Panama for which it consolidates the results of the operations. The financial position, results of operations and cash flows for these companies have been included in Sysco’s consolidated financial statements. The value of the noncontrolling interest in each entity is considered redeemable due to certain features of the investment agreement and has been presented as mezzanine equity, which is outside of permanent equity, in the consolidated balance sheets. The income attributable to the noncontrolling interest is located within Other expense (income), net, in the consolidated results of operations because this amount is not material. The non-cash add back for the change in the value of the noncontrolling interest is located within Other non-cash items on the consolidated cash flows.
Liabilities – Supplier Financing Programs	Liabilities – Supplier Financing Programs In September 2022, the FASB issued Accounting Standards Update (ASU) 2022-04, Liabilities—Supplier Finance Programs, Subtopic 405-50, that requires entities to disclose in the annual financial statements the key terms of supplier finance programs they use in connection with the purchase of goods and services, along with information about their obligations under these programs, including a roll forward of those obligations. Additionally, the guidance requires disclosure of the outstanding amount of the obligations as of the end of each interim period. The guidance does not affect the recognition, measurement, or financial statement presentation of supplier finance program obligations.
Recent Accounting Guidance Not Yet Adopted	Recent Accounting Guidance Not Yet Adopted Segment Reporting In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures to improve reportable segment disclosure requirements through enhanced disclosures about significant segment expenses. ASU 2023-07 expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items and interim disclosures of a reportable segment’s profit or loss and assets. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 (our fiscal 2025), and interim periods for our fiscal years beginning after December 15, 2024 (our first quarter of fiscal 2026), and should be applied on a retrospective basis to all periods presented. Early adoption is permitted. We are currently evaluating the effect of adopting ASU 2023-07 on our disclosures. Income Taxes In December 2023, the FASB issued 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures to enhance income tax information primarily through changes in the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 (our fiscal 2026), on a prospective basis. Early adoption is permitted. We are currently evaluating the effect of adopting ASU 2023-09 on our disclosures.

SUMMARY OF ACCOUNTING POLICIE_2

SUMMARY OF ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 29, 2024
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table sets forth the company’s reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statement of Cash Flows that sum to the total of the same such amounts shown in the consolidated balance sheets: Jun. 29, 2024 Jul. 1, 2023 Jul. 2, 2022 (In millions) Cash and cash equivalents $ 696 $ 745 $ 867 Restricted cash (1) 249 221 64 Total cash, cash equivalents and restricted cash shown in the Consolidated Statement of Cash Flows $ 945 $ 966 $ 931 (1) Restricted cash primarily represents cash and cash equivalents of the Captive which is restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within other assets in each consolidated balance sheet.
Schedule of Restrictions on Cash and Cash Equivalents	The following table sets forth the company’s reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statement of Cash Flows that sum to the total of the same such amounts shown in the consolidated balance sheets: Jun. 29, 2024 Jul. 1, 2023 Jul. 2, 2022 (In millions) Cash and cash equivalents $ 696 $ 745 $ 867 Restricted cash (1) 249 221 64 Total cash, cash equivalents and restricted cash shown in the Consolidated Statement of Cash Flows $ 945 $ 966 $ 931 (1) Restricted cash primarily represents cash and cash equivalents of the Captive which is restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within other assets in each consolidated balance sheet.
Schedule of Non-cash Investing and Financing Activities	The following table sets forth the company’s non-cash investing and financing activities: Jun. 29, 2024 Jul. 1, 2023 Jul. 2, 2022 (In millions) Non-cash investing and financing activities: Plant and equipment acquired through financing programs $ 402 $ 197 $ — Assets obtained in exchange for finance lease obligations 115 114 192

NEW ACCOUNTING STANDARDS (Table

NEW ACCOUNTING STANDARDS (Tables)	12 Months Ended
	Jun. 29, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Schedule of Supplier Finance Program	outstanding payment obligations that suppliers financed to participating financial institutions, which are included in accounts payable Jun. 29, 2024 Jul. 1, 2023 Jul. 2, 2022 (In millions) Financed payment obligations $ 102 $ 100 $ 90

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Jun. 29, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables present our sales disaggregated by reportable segment and sales mix for our principal product categories for the periods presented: Year Ended Jun. 29, 2024 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In millions) Principal Product Categories Canned and dry products $ 10,677 $ 3,294 $ 931 $ — $ 14,902 Fresh and frozen meats 10,243 2,019 2,033 — 14,295 Frozen fruits, vegetables, bakery and other 8,083 2,718 1,260 — 12,061 Dairy products 5,856 1,610 565 — 8,031 Poultry 5,502 1,115 1,069 — 7,686 Fresh produce 5,451 1,092 282 — 6,825 Paper and disposables 4,035 537 756 58 5,386 Seafood 2,196 442 183 — 2,821 Beverage products 1,436 685 583 88 2,792 Equipment and smallwares (1) 826 197 25 497 1,545 Other (2) 1,034 852 81 533 2,500 Total Sales $ 55,339 $ 14,561 $ 7,768 $ 1,176 $ 78,844 (1) Due to the acquisition of Edward Don & Company (Edward Don), a distributor of foodservice equipment and supplies, “Equipment and smallwares” is now presented as a separate principal product category. See Note 4, “Acquisitions,” for details on this acquisition. (2) Other sales relate to certain non-food products, including textiles and amenities for our hotel supply business, other janitorial products, and medical supplies. Year Ended Jul. 1, 2023 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In millions) Principal Product Categories Canned and dry products $ 10,441 $ 2,949 $ 960 $ 2 $ 14,352 Fresh and frozen meats 9,773 1,857 1,860 — 13,490 Frozen fruits, vegetables, bakery and other 7,662 2,396 1,307 — 11,365 Dairy products 6,022 1,537 650 — 8,209 Poultry 5,501 1,154 1,097 — 7,752 Fresh produce 5,367 1,042 272 — 6,681 Paper and disposables 3,999 551 833 59 5,442 Seafood 2,380 465 178 — 3,023 Beverage products 1,308 585 573 92 2,558 Equipment and smallwares (1) 304 203 24 526 1,057 Other (2) 926 821 89 560 2,396 Total Sales $ 53,683 $ 13,560 $ 7,843 $ 1,239 $ 76,325 (1) Due to the acquisition of Edward Don, a distributor of foodservice equipment and supplies, “Equipment and smallwares” is now presented as a separate principal product category. See Note 4, “Acquisitions,” for details on this acquisition. (2) Other sales relate to certain non-food products, including textiles and amenities for our hotel supply business, other janitorial products, and medical supplies. Year Ended Jul. 2, 2022 US Foodservice Operations International Foodservice Operations SYGMA Other Total (In millions) Principal Product Categories Fresh and frozen meats $ 9,641 $ 1,662 $ 1,967 $ — $ 13,270 Canned and dry products 8,811 2,407 734 11 11,963 Frozen fruits, vegetables, bakery and other 6,356 2,139 1,155 — 9,650 Poultry 5,719 995 977 — 7,691 Dairy products 4,920 1,257 583 — 6,760 Fresh produce 4,539 912 261 — 5,712 Paper and disposables 3,731 493 778 84 5,086 Seafood 2,599 459 156 — 3,214 Beverage products 1,073 474 529 83 2,159 Equipment and smallwares (1) 291 268 22 431 1,012 Other (2) 841 721 84 473 2,119 Total Sales $ 48,521 $ 11,787 $ 7,246 $ 1,082 $ 68,636 (1) Due to the acquisition of Edward Don, a distributor of foodservice equipment and supplies, “Equipment and smallwares” is now presented as a separate principal product category. See Note 4, “Acquisitions,” for details on this acquisition. (2) Other sales relate to certain non-food products, including textiles and amenities for our hotel supply business, other janitorial products, and medical supplies.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Jun. 29, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and liabilities measured at fair value table	The following tables present our assets measured at fair value on a recurring basis as of June 29, 2024 and July 1, 2023: Assets and Liabilities Measured at Fair Value as of Jun. 29, 2024 Level 1 Level 2 Level 3 Total (In millions) Assets: Cash equivalents Cash and cash equivalents $ 269 $ — $ — $ 269 Other assets (1) 249 — — 249 Total assets at fair value $ 518 $ — $ — $ 518 (1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet. Assets and Liabilities Measured at Fair Value as of Jul. 1, 2023 Level 1 Level 2 Level 3 Total (In millions) Assets: Cash equivalents Cash and cash equivalents $ 309 $ 10 $ — $ 319 Other assets (1) 221 — — 221 Total assets at fair value $ 530 $ 10 $ — $ 540 (1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet.

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	12 Months Ended
	Jun. 29, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-Sale Marketable Securities	The following table presents our available-for-sale marketable securities as of June 29, 2024 and July 1, 2023: Jun. 29, 2024 Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-Term Marketable Securities Long-Term Marketable Securities (In millions) Fixed income securities: Corporate bonds $ 98 $ — $ (4) $ 94 $ 24 $ 70 Government bonds 34 — (2) 32 — 32 Total marketable securities $ 132 $ — $ (6) $ 126 $ 24 $ 102 Jul. 1, 2023 Amortized Cost Basis Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-Term Marketable Securities Long-Term Marketable Securities (In millions) Fixed income securities: Corporate bonds $ 99 $ — $ (7) $ 92 $ 12 $ 80 Government bonds 30 — (2) 28 — 28 Total marketable securities $ 129 $ — $ (9) $ 120 $ 12 $ 108
Schedule of Available-for-Sale Debt Securities Held to Actual Maturity	As of June 29, 2024, the balance of available-for-sale securities by contractual maturity is shown in the following table on a fiscal year basis. Within the table, maturities of fixed income securities have been allocated based upon timing of estimated cash flows. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties. Jun. 29, 2024 (In millions) Due in one year or less $ 24 Due after one year through five years 70 Due after five years 32 Total $ 126

ALLOWANCE FOR CREDIT LOSSES O_2

ALLOWANCE FOR CREDIT LOSSES ON TRADE RECEIVABLES (Tables)	12 Months Ended
	Jun. 29, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of Valuation and Qualifying Accounts Disclosure	A summary of the activity in the allowance for credit losses on trade receivables appears below: 2024 2023 2022 (In millions) Balance at beginning of period $ 46 $ 71 $ 118 Adjustments to costs and expenses 57 36 (15) Customer accounts written off, net of recoveries (57) (62) (24) Other adjustments 8 1 (8) Balance at end of period $ 54 $ 46 $ 71

PLANT AND EQUIPMENT (Tables)

PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Jun. 29, 2024
Property, Plant and Equipment [Abstract]
Schedule of Plant and Equipment, Including the Related Accumulated Depreciation	A summary of plant and equipment, including the related accumulated depreciation, appears below: Jun. 29, 2024 Jul. 1, 2023 Estimated Useful Lives (In millions) Plant and equipment at cost: Land $ 490 $ 493 Buildings and improvements 5,976 5,769 10-30 years Fleet and equipment 4,788 4,215 3-10 years Computer hardware and software 1,769 1,587 3-5 years Total plant and equipment at cost 13,023 12,064 Accumulated depreciation (7,526) (7,149) Total plant and equipment, net $ 5,497 $ 4,915

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Tables)	12 Months Ended
	Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Roll Forward Table by Reporting Segments	The changes in the carrying amount of goodwill by reportable segment for the years presented are as follows: U.S. Foodservice Operations International Foodservice Operations SYGMA Other Total (In millions) Carrying amount as of July 2, 2022 $ 2,211 $ 2,110 $ 33 $ 188 $ 4,542 Goodwill acquired during year 39 — — — 39 Currency translation/other (3) 68 — — 65 Carrying amount as of July 1, 2023 $ 2,247 $ 2,178 $ 33 $ 188 $ 4,646 Goodwill acquired during year 510 7 — — 517 Currency translation/other (1) (9) — — (10) Carrying amount as of June 29, 2024 $ 2,756 $ 2,176 $ 33 $ 188 $ 5,153
Schedule of Amortized Intangible Assets	Fully amortized intangible assets have been removed in the period fully amortized in the table below which presents the company’s amortizable intangible assets in total by category as follows: Jun. 29, 2024 Jul. 1, 2023 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net (In millions) Customer relationships $ 1,502 $ (754) $ 748 $ 1,284 $ (685) $ 599 Non-compete agreements 28 (20) 8 26 (15) 11 Trademarks 151 (32) 119 147 (26) 121 Other 10 (1) 9 — — — Total amortizable intangible $ 1,691 $ (807) $ 884 $ 1,457 $ (726) $ 731
Schedule of Indefinite-Lived Intangible Assets	The table below presents our indefinite-lived intangible assets by category as follows: Jun. 29, 2024 Jul. 1, 2023 (In millions) Trademarks $ 303 $ 127 Licenses 1 1 Total indefinite-lived intangible assets $ 304 $ 128
Schedule of Intangibles Estimated Amortization Expense for the Next Five Years	The estimated future amortization expense for the next five fiscal years on intangible assets outstanding as of June 29, 2024 is shown below: Amount (In millions) 2025 $ 139 2026 96 2027 88 2028 84 2029 83

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Jun. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Swap Agreements	Details of outstanding hedging instruments as of June 29, 2024 are presented below: Maturity Date of the Hedging Instrument Currency / Unit of Measure Notional Value (In millions) Hedging of interest rate risk January 2034 U.S. Dollar 500 Hedging of foreign currency risk Various (July 2024 to August 2024) Swedish Krona 153 Various (July 2024 to October 2024) British Pound Sterling 15 May 2025 Mexican Peso 439 April 2025 Canadian Dollar 180 January 2029 Euro 470 Hedging of fuel risk Various (July 2024 to March 2026) Gallons 61
Schedule of Derivatives Balance Sheet Location Table	The location and the fair value of derivative instruments designated as hedges in the consolidated balance sheet as of June 29, 2024 and July 1, 2023 are as follows: Derivative Fair Value Balance Sheet location Jun. 29, 2024 Jul. 1, 2023 (In millions) Fair Value Hedges: Interest rate swaps Other assets $ 6 $ — Interest rate swaps Other current liabilities 1 — Cross currency swaps Other current assets 2 1 Cross currency swaps Other current liabilities 3 — Cash Flow Hedges: Fuel swaps Other current assets $ 1 $ — Foreign currency forwards Other current assets — 1 Fuel swaps Other current liabilities 2 18 Fuel swaps Other assets 1 — Fuel swaps Other long-term liabilities — 6 Net Investment Hedges: Cross currency swaps Other current assets $ 4 $ — Cross currency swaps Other long-term liabilities 10 — The location and carrying amount of hedged liabilities in the consolidated balance sheet as of June 29, 2024 are as follows: Jun. 29, 2024 Carrying Amount of Hedged Assets (Liabilities) Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets (Liabilities) (In millions) Balance sheet location: Long-term debt $ (498) $ (6)
Schedule of Location and Effect of Derivative Instruments and Related Hedged Items	The location and amount of gains or losses recognized in the consolidated results of operations for fair value hedging relationships for each of the periods, presented on a pretax basis, are as follows: Jun. 29, 2024 Jul. 1, 2023 (In millions) Total amounts of income and expense line items presented in the consolidated results of operations in which the effects of fair value hedges are recorded $ 637 $ 753 Gain or (loss) on fair value hedging relationships: Interest rate swaps: Hedged items $ (24) $ (10) Derivatives designated as hedging instruments 6 (4) Cross currency swap: Hedged items $ 2 $ 1 Derivatives designated as hedging instruments (2) (1) The gains and losses on the fair value hedging relationships associated with the hedged items as disclosed in the table above are comprised of the following components for each of the periods presented: Jun. 29, 2024 Jul. 1, 2023 (In millions) Interest expense $ (18) $ (7) Increase in fair value of debt (6) (2) Foreign currency gain 2 — Hedged items $ (22) $ (9) The location and effect of cash flow and net investment hedge accounting on the consolidated statements of comprehensive income for the fiscal years ended June 29, 2024 and July 1, 2023, presented on a pretax basis, are as follows: 2024 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In millions) (In millions) Derivatives in cash flow hedging relationships: Fuel swaps $ 23 Operating expense $ (1) Foreign currency contracts — Cost of sales / Other income — Total $ 23 $ (1) Derivatives in net investment hedging relationships: Cross currency contracts $ (5) N/A $ — Derivatives in fair value hedging relationships: Change in excluded component of fair value hedge $ 2 Other expense (income) $ — 2023 Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (In millions) (In millions) Derivatives in cash flow hedging relationships: Fuel swaps $ (71) Operating expense $ 29 Foreign currency contracts — Cost of sales / Other income — Total $ (71) $ 29 Derivatives in net investment hedging relationships: Foreign denominated debt $ (28) N/A $ — Derivatives in fair value hedging relationships: Change in excluded component of fair value hedge $ — Other expense (income) $ —

SELF-INSURED LIABILITIES (Table

SELF-INSURED LIABILITIES (Tables)	12 Months Ended
	Jun. 29, 2024
Loss Contingency [Abstract]
Schedule of the Activity in the Self-Insured Liabilities	A summary of the activity in self-insured liabilities appears below: 2024 2023 2022 (In millions) Balance at beginning of period $ 485 $ 397 $ 359 Charged to costs and expenses 726 707 552 Payments (667) (619) (514) Balance at end of period $ 544 $ 485 $ 397

DEBT AND OTHER FINANCING ARRA_2

DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)	12 Months Ended
	Jun. 29, 2024
Debt Disclosure [Abstract]
Schedule of Debt	Jun. 29, 2024 Jul. 1, 2023 (In millions) U.S. Commercial paper, interest at 5.45%, maturing in fiscal 2025 $ 200 $ — Senior notes, interest at 3.65%, maturing in fiscal 2025 (1) 365 377 Senior notes, interest at 3.75%, maturing in fiscal 2026 (1)(2) 749 749 Senior notes, interest at 3.30%, maturing in fiscal 2027 (1)(2) 998 997 Debentures, interest at 7.16%, maturing in fiscal 2027 (2)(3) 43 43 Senior notes, interest at 3.25%, maturing in fiscal 2028 (1)(2) 747 746 Debentures, interest at 6.50%, maturing in fiscal 2029 (2) 155 155 Senior notes, interest at 5.75%, maturing in fiscal 2029 (1)(2) 496 — Senior notes, interest at 2.40%, maturing in fiscal 2030 (1)(2) 497 497 Senior notes, interest at 5.95%, maturing in fiscal 2030 (1)(2) 994 993 Senior notes, interest at 2.45%, maturing in fiscal 2032 (1)(2) 446 446 Senior notes, interest at 6.00%, maturing in fiscal 2034 (1)(2) 498 — Senior notes, interest at 5.375%, maturing in fiscal 2036 (1)(2) 383 383 Senior notes, interest at 6.625%, maturing in fiscal 2039 (1)(2) 200 200 Senior notes, interest at 6.60%, maturing in fiscal 2040 (1)(2) 350 350 Senior notes, interest at 4.85%, maturing in fiscal 2046 (1)(2) 497 496 Senior notes, interest at 4.50%, maturing in fiscal 2046 (1)(2) 495 495 Senior notes, interest at 4.45%, maturing in fiscal 2048 (1)(2) 493 493 Senior notes, interest at 3.30%, maturing in fiscal 2050 (1)(2) 495 495 Senior notes, interest at 6.60%, maturing in fiscal 2050 (1)(2) 1,177 1,177 Senior notes, interest at 3.15%, maturing in fiscal 2052 (1)(2) 788 787 Plant and equipment financing programs, finance leases, notes payable, and other debt, interest averaging 5.13% and maturing at various dates to fiscal 2052 as of June 29, 2024, and 4.49% and maturing at various dates to fiscal 2052 as of July 1, 2023 916 532 Total debt 11,982 10,411 Less current maturities of long-term debt (469) (63) Net long-term debt $ 11,513 $ 10,348 (1) Represents senior notes that are unsecured, are not subject to any sinking fund requirement and include a redemption provision that allows Sysco to retire the debentures and notes at any time prior to maturity at the greater of par plus accrued interest or an amount designed to ensure that the debenture and note holders are not penalized by the early redemption. (2) Represents senior notes, debentures and borrowings under the company’s long-term revolving credit facility that are guaranteed by certain wholly owned U.S. Broadline subsidiaries of Sysco Corporation as discussed in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources.” (3) This debenture is not subject to any sinking fund requirement and is no longer redeemable prior to maturity.
Schedule of Principal and Interest Payments	As of June 29, 2024, the principal and interest payments required to be made during the next five fiscal years on Sysco’s senior notes and debentures are shown below: Principal Interest (1) (In millions) 2025 $ 365 $ 512 2026 750 473 2027 1,043 442 2028 750 410 2029 655 398 (1) Includes payments on floating rate debt based on rates as of June 29, 2024, assuming amount remains unchanged until maturity, and payments on fixed rate debt based on maturity dates. Fixed rate debt is inclusive of certain debt in which we pay a fixed interest rate on as of June 29, 2024, which will convert to floating rate debt at a later date.
Schedule of Senior Notes	Details of the Notes are as follows: Maturity Date Par Value Coupon Rate Pricing January 17, 2029 (the 2029 Notes) $ 500 5.75 % 99.784 % January 17, 2034 (the 2034 Notes) 500 6.00 99.037

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Jun. 29, 2024
Leases [Abstract]
Schedule of Lease, Financial Statement Presentation	The following table presents the location of the finance lease ROU assets and lease liabilities in our consolidated balance sheets at June 29, 2024 and July 1, 2023: Consolidated Balance Sheet Location Jun. 29, 2024 Jul. 1, 2023 (In millions) Finance lease right-of-use assets Plant and equipment at cost, less accumulated depreciation $ 339 $ 285 Current finance lease liabilities Current maturities of long-term debt 54 38 Long-term finance lease liabilities Long-term debt 307 260
Schedule of Lease Costs	The following table presents lease costs for each of the presented periods ended June 29, 2024 and July 1, 2023: Consolidated Results of Operations Location Jun. 29, 2024 Jul. 1, 2023 (In millions) Operating lease cost Operating expenses $ 154 $ 139 Financing lease cost: Amortization of right-of-use assets Operating expenses 60 50 Interest on lease obligations Interest expense 14 11 Variable lease cost Operating expenses 111 73 Short-term lease cost Operating expenses 68 55 Net lease cost $ 407 $ 328 Other information related to lease agreements was as follows: Jun. 29, 2024 Jul. 1, 2023 Cash Paid For Amounts Included In Measurement of Liabilities: (Dollars in millions) Operating cash flows for operating leases $ 144 $ 134 Operating cash flows for financing leases 14 11 Financing cash flows for financing leases 51 44 Supplemental Non-cash Information on Lease Liabilities: Assets obtained in exchange for operating lease obligations $ 287 $ 105 Assets obtained in exchange for finance lease obligations 115 114 Operating lease asset adjustments, including renewals and remeasurements 24 13 Operating lease liability adjustments, including renewals and remeasurements 24 17 Lease Term and Discount Rate: Weighted-average remaining lease term (years): Operating leases 10.63 years 10.36 years Financing leases 12.50 years 14.94 years Weighted-average discount rate: Operating leases 4.19 % 3.31 % Financing leases 4.50 % 4.06 %
Schedule of Minimum Operating Lease Obligations	Future minimum lease obligations under existing noncancelable operating and finance lease agreements by fiscal year as of June 29, 2024 are as follows: Operating Leases Finance Leases (In millions) 2025 $ 161 $ 69 2026 146 59 2027 141 53 2028 111 39 2029 92 30 Thereafter 551 224 Total undiscounted lease obligations 1,202 474 Less imputed interest (239) (113) Present value of lease obligations $ 963 $ 361
Schedule of Minimum Finance Lease Obligations	Future minimum lease obligations under existing noncancelable operating and finance lease agreements by fiscal year as of June 29, 2024 are as follows: Operating Leases Finance Leases (In millions) 2025 $ 161 $ 69 2026 146 59 2027 141 53 2028 111 39 2029 92 30 Thereafter 551 224 Total undiscounted lease obligations 1,202 474 Less imputed interest (239) (113) Present value of lease obligations $ 963 $ 361

COMPANY-SPONSORED EMPLOYEE BE_2

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Jun. 29, 2024
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Funded Status	The caption “U.S. Pension Benefits” in the tables below includes both the U.S. Retirement Plan and the SERP. As Sysco’s fiscal 2024 year end is June 29, 2024, the company utilized a practical expedient permitting us to measure our defined benefit plan assets and obligations as of the month end closest to the fiscal year end and has used June 30, 2024 as the measurement date of the plan assets and obligations disclosed herein. U.S. Pension Benefits (1) International Pension Benefits Jun. 29, 2024 Jul. 1, 2023 Jun. 29, 2024 Jul. 1, 2023 (In millions) Change in benefit obligation: Benefit obligation at beginning of year $ 2,979 $ 3,921 $ 286 $ 289 Service cost 8 8 2 2 Interest cost 164 170 14 10 Amendments — 2 — — Curtailments — — (1) (1) Actuarial (gain) loss, net (135) (300) 8 (11) Benefit payments (119) (127) (13) (13) Settlements — (695) (1) 10 Benefit obligation at end of year 2,897 2,979 295 286 Change in plan assets: Fair value of plan assets at beginning of year 2,641 3,633 185 242 Actual return on plan assets (65) (199) (35) (73) Employer contribution 13 29 22 21 Benefit payments (87) (127) (13) (13) Settlements — (695) (1) 8 Fair value of plan assets at end of year 2,502 2,641 158 185 Funded status at end of year $ (395) $ (338) $ (137) $ (101) (1) The U.S. Retirement Plan had an underfunded status of $55 million and a funded status of $10 million as of June 29, 2024 and July 1, 2023, respectively.
Schedule of Defined Benefit Plans Amounts Recognized in Balance Sheet	The amounts recognized on Sysco’s consolidated balance sheets related to its company-sponsored defined benefit plans are as follows: U.S. Pension Benefits International Pension Benefits Jun. 29, 2024 Jul. 1, 2023 Jun. 29, 2024 Jul. 1, 2023 (In millions) Noncurrent assets (Other assets) $ — $ 10 $ — $ — Current accrued benefit liability (Accrued expenses) (32) (32) (2) (2) Noncurrent accrued benefit liability (Other long-term liabilities) (363) (316) (135) (99) Net amount recognized $ (395) $ (338) $ (137) $ (101)
Schedule of Defined Benefit Plans Amounts Recognized in Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss as of June 29, 2024 consists of the following amounts that had not, as of that date, been recognized in net benefit cost: U.S. Pension Benefits International Pension Benefits Total (In millions) Prior service cost $ 2 $ 1 $ 3 Actuarial losses 1,160 111 1,271 Total $ 1,162 $ 112 $ 1,274 Accumulated other comprehensive loss as of July 1, 2023 consists of the following amounts that had not, as of that date, been recognized in net benefit cost: U.S. Pension Benefits International Pension Benefits Total (In millions) Prior service cost $ 3 $ 1 $ 4 Actuarial losses 1,115 57 1,172 Total $ 1,118 $ 58 $ 1,176
Schedule of Defined Benefit Plans with Accumulated/Aggregate Benefit Obligation in Excess of Fair Value of Plan Assets	Information for plans with accumulated benefit obligation/aggregate benefit obligation in excess of fair value of plan assets is as follows: U.S. Pension Benefits (1) International Pension Benefits Jun. 29, 2024 Jul. 1, 2023 Jun. 29, 2024 Jul. 1, 2023 (In millions) Accumulated benefit obligation/aggregate benefit obligation $ 2,888 $ 348 $ 291 $ 280 Fair value of plan assets at end of year 2,502 — 158 185 (1) Information under U.S. Pension Benefits as of June 29, 2024 includes both the U.S. Retirement Plan and the SERP. Information under U.S. Pension Benefits as of July 1, 2023 includes the SERP.
Schedule of Defined Benefit Plans Components of Net Benefit Cost	The components of net company-sponsored pension costs for each fiscal year are as follows: 2024 2023 2022 U.S. Pension Benefits International Pension Benefits U.S. Pension Benefits International Pension Benefits U.S. Pension Benefits International Pension Benefits (In millions) Service cost $ 8 $ 2 $ 8 $ 2 $ 13 $ 3 Interest cost 164 14 171 10 153 8 Expected return on plan assets (143) (12) (148) (11) (206) (10) Amortization of prior service cost 1 — — — — — Amortization of actuarial loss 28 1 33 — 35 — Curtailment gain — (1) — (1) — (1) Settlement loss recognized — — 315 — — — Net pension costs (benefits) $ 58 $ 4 $ 379 $ — $ (5) $ —
Schedule of Defined Benefit Plans Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Loss) Income	Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) related to company-sponsored pension plans for each fiscal year are as follows: 2024 2023 2022 U.S. Pension Benefits International Pension Benefits U.S. Pension Benefits International Pension Benefits U.S. Pension Benefits International Pension Benefits (In millions) Amortization of prior service cost $ 1 $ — $ — $ — $ — $ — Amortization of actuarial loss 28 1 348 — 35 — Prior service cost arising in current year — — (3) — — — Effect of exchange rates on amounts in AOCI — (1) — (4) — (1) Actuarial gain (loss) arising in current year (73) (54) (46) (72) (13) 36 Net pension income (cost) $ (44) $ (54) $ 299 $ (76) $ 22 $ 35
Schedule of Defined Benefit Plans Amounts Included Accumulated Other Comprehensive Loss (Income) that are Expected to be Recognized in Net Company-Sponsored Benefit Cost in Next Fiscal Year	Amounts included in accumulated other comprehensive loss (income) as of June 29, 2024 that are expected to be recognized as components of net company-sponsored benefit cost during fiscal 2025 are: U.S. Pension Benefits International Pension Benefits Total (In millions) Amortization of actuarial losses $ 30 $ 4 $ 34
Schedule of Defined Benefit Plans Estimated Future Benefit Payments	Estimated future benefit payments for vested participants, based on actuarial assumptions, are as follows: U.S. Pension Benefits International Pension Benefits (In millions) 2025 $ 140 $ 13 2026 153 13 2027 164 14 2028 174 15 2029 183 15 Subsequent five years 1,015 77
Schedule of Defined Benefit Plans Weighted Average Assumptions Used in Calculating Net Periodic Benefit Costs	Weighted-average assumptions used to determine benefit obligations as of year-end were: Jun. 29, 2024 Jul. 1, 2023 Discount rate — U.S. Retirement Plan 5.86 % 5.62 % Discount rate — SERP 5.89 5.65 Discount rate — U.K. Retirement Plan 5.20 5.20 Rate of compensation increase — U.S. Retirement Plan 3.00 3.00 Weighted-average assumptions used to determine net company-sponsored pension costs for each fiscal year were: 2024 2023 2022 Discount rate — U.S. Retirement Plan (1) 5.62 % 6.07 % 3.12 % Discount rate — SERP 5.65 4.84 2.91 Discount rate — U.K. Retirement Plan 5.20 3.65 1.90 Expected rate of return — U.S. Retirement Plan (2) 5.50 6.00 4.50 Expected rate of return — U.K. Retirement Plan 6.65 4.65 3.30 Rate of compensation increase — U.S. Retirement Plan 3.00 3.00 2.56 (1) The discount rate of the U.S. Retirement Plan was 4.91% for the period of July 2022 to October 2022. Due to the settlement that occurred, the rate changed to 6.07% from November 2022 to June 2023. (2) The expected long-term rate of return on plan assets of the U.S. Retirement Plan was 4.50% for the period of July 2022 to October 2022. Due to the settlement that occurred, the rate changed to 6.00% from November 2022 to June 2023.
Schedule of Defined Benefit Plans Target and Actual Asset Allocation	The U.S. Retirement Plan’s target and actual investment allocation as of June 29, 2024 is as follows: U.S. Retirement Plan Target Asset Allocation Actual Asset Allocation Growth assets 30 % 27 % Liability hedging assets 70 73 100 % The U.K. Retirement Plan’s target investment allocation and actual investment allocation for fiscal 2024 is as follows: U.K. Retirement Plan Target Asset Allocation Actual Asset Allocation Growth portfolio 50 % 51 % Matching portfolio 50 49 100 %
Schedule of Defined Benefit Plans Fair Value of Plans Assets by Major Category	The following table presents the fair value of the U.S. Retirement Plan’s assets by major asset category as of June 29, 2024: Assets Measured at Fair Value as of Jun. 29, 2024 Level 1 Level 2 Level 3 Measured at NAV (6) Net Payables (7) Total (In millions) Cash and cash equivalents $ — $ 153 $ — $ — $ (6) $ 147 Growth assets: U.S. equity (1) 17 — — 204 — 221 International equity (1) — — — 152 — 152 Hedge fund of funds (2) — — — 167 — 167 Real estate funds (3) — — — 88 — 88 Private equity funds (4) — — — 55 — 55 Liability hedging assets: Corporate bonds — 1,140 — 45 — 1,185 U.S. government and agency securities — 295 — 177 — 472 Other (5) — 15 — — — 15 Total investments at fair value $ 17 $ 1,603 $ — $ 888 $ (6) $ 2,502 (1) Includes direct investments in equity securities and within investment funds for which fair value is measured at NAV. There are no unfunded commitments as of June 29, 2024. The remaining investments may be redeemed once per day with advanced written notice and subject to applicable limits. (2) There were no unfunded commitments as of June 29, 2024, and there were no redemption restrictions as of June 29, 2024. The investment may be redeemed once per quarter. (3) For investments in the funds listed in this category, total unfunded commitment as of June 29, 2024 was $2 million. Less than 1% of the investments cannot be redeemed. The estimate of the liquidation period for these funds varies from 2024 to 2026. The remaining investments may be redeemed quarterly with advanced written notice and subject to applicable limits. (4) Total unfunded commitments in the funds listed in this category as of June 29, 2024 were $13 million. The investments cannot be redeemed, but the fund will make distributions through liquidation. The estimate of the liquidation period varies for each fund from 2024 to 2031. (5) Includes foreign government and state and municipal debt securities. (6) Includes certain investments that are measured at fair value using the NAV practical expedient that have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet. (7) Primarily represents the net pending purchases and sales of plan assets. The net of this pending activity results in a net payable balance of $6 million as of June 29, 2024. The following table presents the fair value of the U.K. Retirement Plan’s assets by major asset category as of June 29, 2024: Assets Measured at Fair Value as of Jun. 29, 2024 Level 1 Level 2 Level 3 Measured at NAV (2) Total (In millions) Investment funds: Common contractual fund (1) $ — $ — $ — $ 158 $ 158 Total investments at fair value $ — $ — $ — $ 158 $ 158 (1) There were $4 million of unfunded commitments as of June 29, 2024. As of June 29, 2024 there are no monetary redemption restrictions, however timing restrictions ranged from daily to quarterly. (2) Includes certain investments that are measured at fair value using the NAV practical expedient that have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet. The following table presents the fair value of the U.S. Retirement Plan’s assets by major asset category as of July 1, 2023: Assets Measured at Fair Value as of Jul. 1, 2023 Level 1 Level 2 Level 3 Measured at NAV (6) Total (In millions) Cash and cash equivalents $ 13 $ 80 $ — $ — $ 93 Growth assets: U.S. equity (1) 17 — — 214 231 International equity (1) — — — 165 165 Hedge fund of funds (2) — — — 191 191 Real estate funds (3) — — — 105 105 Private equity funds (4) — — — 66 66 Liability hedging assets: Corporate bonds — 1,340 — 46 1,386 U.S. government and agency securities — 200 — 197 397 Other (5) — 7 — — 7 Total investments at fair value $ 30 $ 1,627 $ — $ 984 $ 2,641 (1) Includes direct investments in equity securities and within investment funds for which fair value is measured at NAV. There are no unfunded commitments as of July 1, 2023. The remaining investments may be redeemed once per day with advanced written notice and subject to applicable limits. (2) There were no unfunded commitments as of July 1, 2023, and there were no redemption restrictions as of July 1, 2023. The investment may be redeemed once per quarter. (3) For investments in the funds listed in this category, total unfunded commitment as of July 1, 2023 was $2 million. Less than 1% of the investments cannot be redeemed. The estimate of the liquidation period for these funds varies from 2023 to 2026. The remaining investments may be redeemed quarterly with advanced written notice and subject to applicable limits. (4) Total unfunded commitment as of July 1, 2023 was $15 million. The investments cannot be redeemed, but the fund will make distributions through liquidation. The estimate of the liquidation period varies for each fund from 2023 to 2031. (5) Includes foreign government and state and municipal debt securities. (6) Includes certain investments that are measured at fair value using the NAV practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet. The following table presents the fair value of the U.K. Retirement Plan’s assets by major asset category as of July 1, 2023: Assets Measured at Fair Value as of Jul. 1, 2023 Level 1 Level 2 Level 3 Measured at NAV (2) Total (In millions) Investment funds: Common contractual fund (1) $ — $ — $ — $ 184 $ 184 Total investments at fair value $ — $ — $ — $ 184 $ 184 (1) There were $5 million of unfunded commitments as of July 1, 2023. As of July 1, 2023 there are no monetary redemption restrictions, however timing restrictions ranged from daily to quarterly. (2) Includes certain investments that are measured at fair value using the NAV practical expedient that have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.

MULTIEMPLOYER EMPLOYEE BENEFI_2

MULTIEMPLOYER EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Jun. 29, 2024
Multiple-Employer Plan Accounted for as Multiemployer Plan [Abstract]
Schedule of Multiemployer Defined Benefit Pension Plan Contributions	contributions to multiemployer defined benefit pension plans were as follows for each fiscal year: 2024 2023 2022 (In millions) Individually significant plans $ 47 $ 41 $ 35 All other plans 16 12 10 Total contributions $ 63 $ 53 $ 45
Schedule of Multiemployer Individually Significant Plans Statistics	The following table provides information about the funded status of individually significant plans: • The “EIN-PN” column provides the Employer Identification Number (EIN) and the three-digit plan number (PN). • The “Pension Protection Act Zone Status” columns provide the two most recent Pension Protection Act zone statuses available from each plan. The zone status is based on information that the company received from the plan’s administrators and is certified by each plan’s actuary, together with information included in the annual return/reports filed by each plan with the U.S. Department of Labor. Among other factors, plans in the red zone are generally less than 65% funded, plans in the orange zone are both less than 80% funded and have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans in the yellow zone are less than 80% funded and plans in the green zone are at least 80% funded. The Multiemployer Protection Act of 2014 created a new zone called “critical and declining.” Plans are generally considered “critical and declining” if they are projected to become insolvent within 15 years. • The “FIP/RP Status” column indicates whether a financial improvement plan (FIP) for yellow/orange zone plans or a rehabilitation plan (RP) for red zone plans is pending or implemented in the current year or was put in place in a prior year. A status of “Pending” indicates a FIP/RP has been approved but actual period covered by the FIP/RP has not begun. A status of “Implemented” means the period covered by the FIP/RP began in the current year or is ongoing. • The “Surcharge Imposed” column indicates whether a surcharge or supplemental contribution was paid during the most recent annual period presented for the company’s contributions to each plan in the yellow, orange or red zone. If the company’s current collective bargaining agreement (CBA) with a plan satisfies the requirements of a pending but not yet implemented FIP or RP, then the payment of surcharges or supplemental contributions is not required and “No” will be reflected in this column. If the company’s current CBA with a plan does not yet satisfy the requirements of a pending but not yet implemented FIP or RP, then the payment of surcharges or supplemental contributions is required and “Yes” will be reflected in this column. Pension Protection Act Pension Fund EIN-PN As of 12/31/23 As of 12/31/22 FIP/RP Surcharge Expiration Western Conference of Teamsters Pension Plan 91-6145047-001 Green Green N/A N/A 6/30/2024 to 9/28/2028 (1) (1) Sysco is party to 24 CBAs that require contributions to the Western Conference of Teamsters Pension Trust. Each agreement covers anywhere from less than 1% to 21% of the total contributions Sysco is required to pay the fund. 1 of the CBAs expired during fiscal year 2024 and is currently being renegotiated.
Schedule of Multiemployer Individually Significant Plans Contributions	The following table provides information about the company’s contributions to individually significant plans: • The “Sysco Contributions” columns provide contribution amounts based on Sysco’s fiscal years, which may not coincide with the plans’ fiscal years. • The “Sysco 5% of Total Plan Contributions” columns indicate whether Sysco was listed on Schedule R of the plan’s most recently filed Form 5500s as providing more than five percent of the total contributions to the plan, and the plan year-end is noted. Sysco Contributions Sysco 5% of Pension Fund 2024 2023 2022 Year Ending 12/31/22 Year Ending 12/31/21 (In millions) Western Conference of Teamsters Pension Plan $ 47 $ 41 $ 35 No No

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Jun. 29, 2024
Earnings Per Share, Basic [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share: 2024 2023 2022 (In millions, except for share and per share data) Numerator: Net earnings $ 1,955 $ 1,770 $ 1,359 Denominator: Weighted-average basic shares outstanding 501,238,422 507,362,913 510,630,645 Dilutive effect of share-based awards 1,857,664 2,356,843 3,375,182 Weighted-average diluted shares outstanding 503,096,086 509,719,756 514,005,827 Basic earnings per share $ 3.90 $ 3.49 $ 2.66 Diluted earnings per share $ 3.89 $ 3.47 $ 2.64

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Jun. 29, 2024
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of components of other comprehensive (loss) income and related tax effects	A summary of the components of other comprehensive income (loss) and the related tax effects for each of the periods presented is as follows: 2024 Location of Expense Before Tax Tax Net of Tax (In millions) Foreign currency translation: Foreign currency translation adjustment N/A $ (33) $ — $ (33) Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in excluded component of fair value Other expense, net 2 — 2 Change in cash flow hedges Operating expenses (1) 21 5 16 Change in net investment hedges N/A (5) (2) (3) Total other comprehensive income (loss) before reclassification adjustments 18 3 15 Reclassification adjustments: Amortization of cash flow hedges Interest expense 11 4 7 Pension and other postretirement benefit plans: Other comprehensive income before reclassification adjustments: Net actuarial loss, arising in the current year Other expense, net (130) (33) (97) Reclassification adjustments: Amortization of actuarial loss, net Other expense, net 28 8 20 Total reclassification adjustments 28 8 20 Marketable securities: Change in marketable securities (2) N/A 3 1 2 Total other comprehensive loss $ (103) $ (17) $ (86) (1) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. (2) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in fiscal 2024. 2023 Location of Expense Before Tax Tax Net of Tax (In millions) Foreign currency translation: Foreign currency translation adjustment N/A $ 127 $ — $ 127 Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedges Operating expenses (1) (71) (16) (55) Change in net investment hedges N/A (28) (7) (21) Total other comprehensive income (loss) before reclassification adjustments (99) (23) (76) Reclassification adjustments: Amortization of cash flow hedges Interest expense 11 3 8 Pension and other postretirement benefit plans: Other comprehensive income before reclassification adjustments: Net actuarial loss, arising in the current year Other expense, net (121) (32) (89) Settlements Other expense, net 315 78 237 Total other comprehensive income before reclassification adjustments 194 46 148 Reclassification adjustments: Amortization of actuarial loss, net Other expense, net 32 8 24 Total reclassification adjustments 32 8 24 Marketable securities: Change in marketable securities (2) N/A (2) — (2) Total other comprehensive income $ 263 $ 34 $ 229 (1) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. (2) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in fiscal 2023. 2022 Location of Expense Before Tax Tax Net of Tax (In millions) Foreign currency translation: Foreign currency translation adjustment N/A $ (461) $ — $ (461) Hedging instruments: Other comprehensive income (loss) before reclassification adjustments: Change in cash flow hedges Operating expenses (1) 31 7 24 Change in net investment hedges N/A 72 18 54 Total other comprehensive income before reclassification adjustments 103 25 78 Reclassification adjustments: Amortization of cash flow hedges Interest expense 11 2 9 Pension and other postretirement benefit plans: Other comprehensive income before reclassification adjustments: Net actuarial gain, arising in the current year (11) (2) (9) Reclassification adjustments: Amortization of actuarial loss, net Other expense, net 75 16 59 Total reclassification adjustments 75 16 59 Marketable securities: Change in marketable securities (2) N/A (12) (3) (9) Total other comprehensive loss $ (295) $ 38 $ (333) (1) Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges. (2) Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in fiscal 2022.
Schedule of rollforward of accumulated other comprehensive (loss) income	The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented: Foreign Currency Translation Hedging, net of tax Pension and Other Postretirement Benefit Plans, Marketable Securities Total (In millions) Balance as of Jul. 3, 2021 $ (40) $ (51) $ (1,062) $ 4 $ (1,149) Other comprehensive income before (461) 78 (9) — (392) Amounts reclassified from accumulated — 9 59 — 68 Change in marketable securities — — — (9) (9) Balance as of Jul. 2, 2022 (501) 36 (1,012) (5) (1,482) Other comprehensive income before 127 (76) 148 — 199 Amounts reclassified from accumulated — 8 24 — 32 Change in marketable securities — — — (2) (2) Balance as of Jul. 1, 2023 (374) (32) (840) (7) (1,253) Other comprehensive income before (33) 15 (97) — (115) Amounts reclassified from accumulated — 7 20 — 27 Change in marketable securities — — — 2 2 Balance as of Jun. 29, 2024 $ (407) $ (10) $ (917) $ (5) $ (1,339)

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Jun. 29, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Black-Scholes Option Model Assumption	The weighted average assumptions discussed above are noted in the table below for relevant periods as follows: 2024 2023 2022 Dividend yield 2.6 % 2.4 % 2.5 % Expected volatility 27.2 % 32.6 % 30.1 % Risk-free interest rate 4.1 % 3.0 % 1.0 % Expected Life 6.6 years 6.6 years 6.6 years
Schedule of Option Roll Forward and Other Disclosures	The following summary presents information regarding outstanding options as of June 29, 2024 and changes during the fiscal year then ended with regard to options under all stock incentive plans: Shares Under Option Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding as of July 1, 2023 9,750,183 $ 65.05 Granted 808,279 73.06 Exercised 1,586,486 55.05 Forfeited 477,689 77.65 Expired — — Outstanding as of June 29, 2024 8,494,287 $ 66.97 5.19 $ 63 Expected to vest as of June 29, 2024 1,444,819 77.71 8.42 NM Exercisable as of June 29, 2024 6,997,052 $ 64.68 4.50 $ 63
Schedule of Non-Vested Awards	The following summary presents information regarding outstanding non-vested awards as of June 29, 2024 and changes during the fiscal year then ended with regard to these awards under the stock incentive plans. Award types represented include restricted stock units granted to employees, restricted awards granted to non-employee directors and PSUs. Shares Weighted Average Grant Date Fair Value Per Share Non-vested as of July 1, 2023 2,453,904 $ 82.05 Granted 1,727,704 74.58 Vested (722,080) 73.96 Forfeited (487,334) 77.24 Non-vested as of June 29, 2024 2,972,194 $ 80.46

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 29, 2024
Income Tax Disclosure [Abstract]
Schedule of Earnings Before Income Taxes by Jurisdiction	For financial reporting purposes, earnings before income taxes consists of the following: 2024 2023 2022 (In millions) U.S. $ 2,260 $ 1,941 $ 1,643 Foreign 305 344 104 Total $ 2,565 $ 2,285 $ 1,747
Schedule of Income Tax Provision by Jurisdiction	The income tax provision for each fiscal year consists of the following: 2024 2023 2022 (In millions) U.S. federal income taxes $ 447 $ 388 $ 354 State and local income taxes 125 79 45 Foreign income taxes 38 48 (11) Total $ 610 $ 515 $ 388
Schedule of Income Tax Provision by Component	The current and deferred components of the income tax provisions for each fiscal year are as follows: 2024 2023 2022 (In millions) Current $ 584 $ 531 $ 452 Deferred 26 (16) (64) Total $ 610 $ 515 $ 388
Schedule of Tax Rate Reconciliation	Reconciliations of the statutory federal income tax rate to the effective income tax rates for each fiscal year are as follows: 2024 2023 2022 U.S. statutory federal income tax rate 21.0 % 21.0 % 21.0 % State and local income taxes, net of any applicable federal income tax benefit 3.9 2.6 2.4 Foreign income taxes (1.0) (1.1) (1.9) Uncertain tax positions 0.1 0.1 0.8 Tax benefit of equity-based compensation 0.1 (0.1) (0.1) Other (0.3) 0.1 — Effective income tax rate 23.8 % 22.6 % 22.2 %
Schedule of Components of Deferred Tax Assets and Liabilities	Significant components of Sysco’s deferred tax assets and liabilities are as follows: Jun. 29, 2024 Jul. 1, 2023 (In millions) Deferred tax assets: Net operating tax loss carryforwards $ 534 $ 537 Operating lease liabilities 237 171 Interest carryforwards 228 205 Pension 121 101 Receivables 52 51 Inventory 30 27 Deferred compensation 28 26 Share-based compensation 27 24 Other 67 60 Deferred tax assets before valuation allowances 1,324 1,202 Valuation allowances (278) (267) Total deferred tax assets 1,046 935 Deferred tax liabilities: Goodwill and intangible assets 374 364 Excess tax depreciation and basis differences of assets 285 238 Operating lease assets 231 172 Foreign currency remeasurement losses and currency hedge 20 16 Other 36 28 Total deferred tax liabilities 946 818 Total net deferred tax assets $ 100 $ 117

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Jun. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Unrecorded Unconditional Purchase Obligations Table	Minimum amounts committed to by year are as follows: Amount (In millions) 2025 $ 7,294 2026 2,237 2027 799 2028 211 2029 15

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	12 Months Ended
	Jun. 29, 2024
Segment Reporting [Abstract]
Schedule of Business Segment	The following tables set forth certain financial information for Sysco’s business segments. Fiscal Year 2024 2023 2022 Sales: (In millions) U.S. Foodservice Operations $ 55,339 $ 53,683 $ 48,521 International Foodservice Operations 14,561 13,560 11,787 SYGMA 7,768 7,843 7,246 Other 1,176 1,239 1,082 Total $ 78,844 $ 76,325 $ 68,636 Fiscal Year 2024 2023 2022 Operating income (loss): (In millions) U.S. Foodservice Operations $ 3,673 $ 3,587 $ 3,181 International Foodservice Operations 375 314 100 SYGMA 72 56 (3) Other 40 57 17 Total segments 4,160 4,014 3,295 Global Support Center (958) (975) (949) Total operating income 3,202 3,039 2,346 Interest expense 607 527 624 Other expense (income), net 30 227 (25) Earnings before income taxes $ 2,565 $ 2,285 $ 1,747 Fiscal Year 2024 2023 2022 Depreciation and amortization: (In millions) U.S. Foodservice Operations $ 499 $ 437 $ 407 International Foodservice Operations 247 218 240 SYGMA 33 32 31 Other 10 8 9 Total segments 789 695 687 Global Support Center 84 81 86 Total $ 873 $ 776 $ 773 Fiscal Year 2024 2023 2022 Capital Expenditures: (In millions) U.S. Foodservice Operations $ 366 $ 389 $ 262 International Foodservice Operations 289 193 155 SYGMA 21 31 35 Other 35 23 5 Total segments 711 636 457 Global Support Center 121 157 176 Total $ 832 $ 793 $ 633 Fiscal Year 2024 2023 2022 Assets: (In millions) U.S. Foodservice Operations $ 12,505 $ 11,398 $ 9,541 International Foodservice Operations 7,545 7,433 6,596 SYGMA 923 840 835 Other 616 644 555 Total segments 21,589 20,315 17,527 Global Support Center 3,328 2,506 4,559 Total $ 24,917 $ 22,821 $ 22,086
Schedule of Geographic Area Revenue and Long-Lived Assets	Information concerning geographic areas is as follows: Fiscal Year 2024 2023 2022 Sales: (In millions) United States $ 63,931 $ 62,404 $ 56,511 Canada 5,993 5,828 5,094 United Kingdom 3,760 3,340 2,859 France 1,712 1,591 1,413 Other 3,448 3,162 2,759 Total $ 78,844 $ 76,325 $ 68,636 Plant and equipment at cost, less accumulated depreciation: United States $ 4,165 $ 3,721 $ 3,346 United Kingdom 369 298 249 Canada 364 335 337 France 308 300 304 Other 291 261 220 Total $ 5,497 $ 4,915 $ 4,456 Operating lease right-of-use assets, net: United States $ 487 $ 338 $ 317 United Kingdom 194 197 193 Canada 88 28 39 France 59 65 78 Sweden 32 37 38 Other 63 67 58 Total $ 923 $ 732 $ 723 The sales mix for the principal product categories by segment is disclosed in Note 3, “Revenue.”

SUMMARY OF ACCOUNTING POLICIE_3

SUMMARY OF ACCOUNTING POLICIES - Narrative (Details) customer in Thousands, $ in Millions	12 Months Ended
	Jun. 29, 2024 USD ($) facility customer	Jul. 01, 2023 USD ($)	Jul. 02, 2022 USD ($)
Summary of Accounting Policies [Line Items]
Number of customers | customer	730
Number of distribution facilities | facility	340
Accounts receivable sold without recourse	$ 5,500	$ 4,200
Outstanding principal amount of receivables derecognized	173	86
Capitalized software costs	171	70	$ 87
Cash surrender value of corporate-owned life insurance	166	160
Customer receivables, less allowances	5,000	4,700
Shipping and Handling
Summary of Accounting Policies [Line Items]
Shipping and handling costs	$ 4,300	$ 4,000	$ 3,900

SUMMARY OF ACCOUNTING POLICIE_4

SUMMARY OF ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022	Jul. 03, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 696	$ 745	$ 867
Restricted cash	249	221	64
Total cash, cash equivalents and restricted cash shown in the Consolidated Statement of Cash Flows	$ 945	$ 966	$ 931	$ 3,037

SUMMARY OF ACCOUNTING POLICIE_5

SUMMARY OF ACCOUNTING POLICIES - Non-Cash Investing and Financing Activities (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Non-cash investing and financing activities:
Plant and equipment acquired through financing programs	$ 402	$ 197	$ 0
Assets obtained in exchange for finance lease obligations	$ 115	$ 114	$ 192

NEW ACCOUNTING STANDARDS (Detai

NEW ACCOUNTING STANDARDS (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable	Accounts payable	Accounts payable
Financed payment obligations	$ 102	$ 100	$ 90

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Disaggregation of Revenue [Line Items]
Total Sales	$ 78,844	$ 76,325	$ 68,636
Canned and dry products
Disaggregation of Revenue [Line Items]
Total Sales	14,902	14,352	11,963
Fresh and frozen meats
Disaggregation of Revenue [Line Items]
Total Sales	14,295	13,490	13,270
Frozen fruits, vegetables, bakery and other
Disaggregation of Revenue [Line Items]
Total Sales	12,061	11,365	9,650
Dairy products
Disaggregation of Revenue [Line Items]
Total Sales	8,031	8,209	6,760
Poultry
Disaggregation of Revenue [Line Items]
Total Sales	7,686	7,752	7,691
Fresh produce
Disaggregation of Revenue [Line Items]
Total Sales	6,825	6,681	5,712
Paper and disposables
Disaggregation of Revenue [Line Items]
Total Sales	5,386	5,442	5,086
Seafood
Disaggregation of Revenue [Line Items]
Total Sales	2,821	3,023	3,214
Beverage products
Disaggregation of Revenue [Line Items]
Total Sales	2,792	2,558	2,159
Equipment and smallwares
Disaggregation of Revenue [Line Items]
Total Sales	1,545	1,057	1,012
Other
Disaggregation of Revenue [Line Items]
Total Sales	2,500	2,396	2,119
U.S. Foodservice Operations
Disaggregation of Revenue [Line Items]
Total Sales	55,339	53,683	48,521
U.S. Foodservice Operations | Canned and dry products
Disaggregation of Revenue [Line Items]
Total Sales	10,677	10,441	8,811
U.S. Foodservice Operations | Fresh and frozen meats
Disaggregation of Revenue [Line Items]
Total Sales	10,243	9,773	9,641
U.S. Foodservice Operations | Frozen fruits, vegetables, bakery and other
Disaggregation of Revenue [Line Items]
Total Sales	8,083	7,662	6,356
U.S. Foodservice Operations | Dairy products
Disaggregation of Revenue [Line Items]
Total Sales	5,856	6,022	4,920
U.S. Foodservice Operations | Poultry
Disaggregation of Revenue [Line Items]
Total Sales	5,502	5,501	5,719
U.S. Foodservice Operations | Fresh produce
Disaggregation of Revenue [Line Items]
Total Sales	5,451	5,367	4,539
U.S. Foodservice Operations | Paper and disposables
Disaggregation of Revenue [Line Items]
Total Sales	4,035	3,999	3,731
U.S. Foodservice Operations | Seafood
Disaggregation of Revenue [Line Items]
Total Sales	2,196	2,380	2,599
U.S. Foodservice Operations | Beverage products
Disaggregation of Revenue [Line Items]
Total Sales	1,436	1,308	1,073
U.S. Foodservice Operations | Equipment and smallwares
Disaggregation of Revenue [Line Items]
Total Sales	826	304	291
U.S. Foodservice Operations | Other
Disaggregation of Revenue [Line Items]
Total Sales	1,034	926	841
International Foodservice Operations
Disaggregation of Revenue [Line Items]
Total Sales	14,561	13,560	11,787
International Foodservice Operations | Canned and dry products
Disaggregation of Revenue [Line Items]
Total Sales	3,294	2,949	2,407
International Foodservice Operations | Fresh and frozen meats
Disaggregation of Revenue [Line Items]
Total Sales	2,019	1,857	1,662
International Foodservice Operations | Frozen fruits, vegetables, bakery and other
Disaggregation of Revenue [Line Items]
Total Sales	2,718	2,396	2,139
International Foodservice Operations | Dairy products
Disaggregation of Revenue [Line Items]
Total Sales	1,610	1,537	1,257
International Foodservice Operations | Poultry
Disaggregation of Revenue [Line Items]
Total Sales	1,115	1,154	995
International Foodservice Operations | Fresh produce
Disaggregation of Revenue [Line Items]
Total Sales	1,092	1,042	912
International Foodservice Operations | Paper and disposables
Disaggregation of Revenue [Line Items]
Total Sales	537	551	493
International Foodservice Operations | Seafood
Disaggregation of Revenue [Line Items]
Total Sales	442	465	459
International Foodservice Operations | Beverage products
Disaggregation of Revenue [Line Items]
Total Sales	685	585	474
International Foodservice Operations | Equipment and smallwares
Disaggregation of Revenue [Line Items]
Total Sales	197	203	268
International Foodservice Operations | Other
Disaggregation of Revenue [Line Items]
Total Sales	852	821	721
SYGMA
Disaggregation of Revenue [Line Items]
Total Sales	7,768	7,843	7,246
SYGMA | Canned and dry products
Disaggregation of Revenue [Line Items]
Total Sales	931	960	734
SYGMA | Fresh and frozen meats
Disaggregation of Revenue [Line Items]
Total Sales	2,033	1,860	1,967
SYGMA | Frozen fruits, vegetables, bakery and other
Disaggregation of Revenue [Line Items]
Total Sales	1,260	1,307	1,155
SYGMA | Dairy products
Disaggregation of Revenue [Line Items]
Total Sales	565	650	583
SYGMA | Poultry
Disaggregation of Revenue [Line Items]
Total Sales	1,069	1,097	977
SYGMA | Fresh produce
Disaggregation of Revenue [Line Items]
Total Sales	282	272	261
SYGMA | Paper and disposables
Disaggregation of Revenue [Line Items]
Total Sales	756	833	778
SYGMA | Seafood
Disaggregation of Revenue [Line Items]
Total Sales	183	178	156
SYGMA | Beverage products
Disaggregation of Revenue [Line Items]
Total Sales	583	573	529
SYGMA | Equipment and smallwares
Disaggregation of Revenue [Line Items]
Total Sales	25	24	22
SYGMA | Other
Disaggregation of Revenue [Line Items]
Total Sales	81	89	84
Other
Disaggregation of Revenue [Line Items]
Total Sales	1,176	1,239	1,082
Other | Canned and dry products
Disaggregation of Revenue [Line Items]
Total Sales	0	2	11
Other | Fresh and frozen meats
Disaggregation of Revenue [Line Items]
Total Sales	0	0	0
Other | Frozen fruits, vegetables, bakery and other
Disaggregation of Revenue [Line Items]
Total Sales	0	0	0
Other | Dairy products
Disaggregation of Revenue [Line Items]
Total Sales	0	0	0
Other | Poultry
Disaggregation of Revenue [Line Items]
Total Sales	0	0	0
Other | Fresh produce
Disaggregation of Revenue [Line Items]
Total Sales	0	0	0
Other | Paper and disposables
Disaggregation of Revenue [Line Items]
Total Sales	58	59	84
Other | Seafood
Disaggregation of Revenue [Line Items]
Total Sales	0	0	0
Other | Beverage products
Disaggregation of Revenue [Line Items]
Total Sales	88	92	83
Other | Equipment and smallwares
Disaggregation of Revenue [Line Items]
Total Sales	497	526	431
Other | Other
Disaggregation of Revenue [Line Items]
Total Sales	$ 533	$ 560	$ 473

ACQUISITION (Details)

ACQUISITION (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022	Nov. 27, 2023
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired	$ 1,210	$ 37	$ 1,281
Goodwill	5,153	4,646	4,542
U.S. Foodservice Operations
Business Acquisition [Line Items]
Goodwill	2,756	$ 2,247	$ 2,211
Edward Don & Company
Business Acquisition [Line Items]
Contingent consideration outstanding				$ 965
Voting interests acquired				100%
Edward Don & Company | U.S. Foodservice Operations
Business Acquisition [Line Items]
Goodwill	$ 362

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value Table (Details) - Recurring Fair Value Measurements - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 269	$ 319
Other assets	249	221
Total assets at fair value	518	540
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	269	309
Other assets	249	221
Total assets at fair value	518	530
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	10
Other assets	0	0
Total assets at fair value	0	10
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Other assets	0	0
Total assets at fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Billions	Jun. 29, 2024	Jul. 01, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	$ 11.4	$ 9.8
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	$ 12	$ 10.4

MARKETABLE SECURITIES - Availab

MARKETABLE SECURITIES - Available-for-Sale Marketable Securities (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Marketable Securities [Line Items]
Amortized Cost Basis	$ 132	$ 129
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(6)	(9)
Total	126	120
Short-Term Marketable Securities	24	12
Long-Term Marketable Securities	102	108
Corporate bonds
Marketable Securities [Line Items]
Amortized Cost Basis	98	99
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(4)	(7)
Total	94	92
Short-Term Marketable Securities	24	12
Long-Term Marketable Securities	70	80
Government bonds
Marketable Securities [Line Items]
Amortized Cost Basis	34	30
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2)	(2)
Total	32	28
Short-Term Marketable Securities	0	0
Long-Term Marketable Securities	$ 32	$ 28

MARKETABLE SECURITIES - Avail_2

MARKETABLE SECURITIES - Available-for-Sale Debt Securities Held to Actual Maturity (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Investments, Debt and Equity Securities [Abstract]
Due in one year or less	$ 24
Due after one year through five years	70
Due after five years	32
Total	$ 126	$ 120

ALLOWANCE FOR CREDIT LOSSES O_3

ALLOWANCE FOR CREDIT LOSSES ON TRADE RECEIVABLES (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Allowance for Doubtful Accounts
Balance at beginning of period	$ 46	$ 71	$ 118
Adjustments to costs and expenses	57	36	(15)
Customer accounts written off, net of recoveries	(57)	(62)	(24)
Other adjustments	8	1	(8)
Balance at end of period	$ 54	$ 46	$ 71

PLANT AND EQUIPMENT (Details)

PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Property, Plant and Equipment [Line Items]
Total plant and equipment at cost	$ 13,023	$ 12,064
Accumulated depreciation	(7,526)	(7,149)
Plant and equipment at cost, less accumulated depreciation	5,497	4,915
Depreciation expense	728	650	$ 641
Land
Property, Plant and Equipment [Line Items]
Total plant and equipment at cost	490	493
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total plant and equipment at cost	$ 5,976	5,769
Buildings and improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	10 years
Buildings and improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	30 years
Fleet and equipment
Property, Plant and Equipment [Line Items]
Total plant and equipment at cost	$ 4,788	4,215
Fleet and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	3 years
Fleet and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	10 years
Computer hardware and software
Property, Plant and Equipment [Line Items]
Total plant and equipment at cost	$ 1,769	$ 1,587
Computer hardware and software | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	3 years
Computer hardware and software | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	5 years

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLES - Schedule of Goodwill Roll Forward Table by Reporting Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023
Goodwill [Roll Forward]
Goodwill carrying amount, beginning balance	$ 4,646	$ 4,542
Goodwill acquired during year	517	39
Currency translation/other	(10)	65
Goodwill carrying amount, ending balance	5,153	4,646
U.S. Foodservice Operations
Goodwill [Roll Forward]
Goodwill carrying amount, beginning balance	2,247	2,211
Goodwill acquired during year	510	39
Currency translation/other	(1)	(3)
Goodwill carrying amount, ending balance	2,756	2,247
International Foodservice Operations
Goodwill [Roll Forward]
Goodwill carrying amount, beginning balance	2,178	2,110
Goodwill acquired during year	7	0
Currency translation/other	(9)	68
Goodwill carrying amount, ending balance	2,176	2,178
SYGMA
Goodwill [Roll Forward]
Goodwill carrying amount, beginning balance	33	33
Goodwill acquired during year	0	0
Currency translation/other	0	0
Goodwill carrying amount, ending balance	33	33
Other
Goodwill [Roll Forward]
Goodwill carrying amount, beginning balance	188	188
Goodwill acquired during year	0	0
Currency translation/other	0	0
Goodwill carrying amount, ending balance	$ 188	$ 188

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Goodwill and Other Intangibles [Line Items]
Amortized intangibles acquired during year	$ 294
Acquired intangible assets, weighted average useful life	14 years 3 months 18 days
Customer relationships
Goodwill and Other Intangibles [Line Items]
Amortized intangibles acquired during year	$ 273
Acquired intangible assets, weighted average useful life	14 years 8 months 12 days
Trademarks
Goodwill and Other Intangibles [Line Items]
Amortized intangibles acquired during year	$ 8
Acquired intangible assets, weighted average useful life	14 years 9 months 18 days
Amortization expense	$ 142	$ 126	$ 133
Non-compete agreements
Goodwill and Other Intangibles [Line Items]
Amortized intangibles acquired during year	$ 3
Acquired intangible assets, weighted average useful life	3 years
Other
Goodwill and Other Intangibles [Line Items]
Amortized intangibles acquired during year	$ 10
Acquired intangible assets, weighted average useful life	6 years

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLES - Schedule of Amortized Intangible Assets (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Goodwill and Other Intangibles [Line Items]
Gross Carrying Amount	$ 1,691	$ 1,457
Accumulated Amortization	(807)	(726)
Net	884	731
Customer relationships
Goodwill and Other Intangibles [Line Items]
Gross Carrying Amount	1,502	1,284
Accumulated Amortization	(754)	(685)
Net	748	599
Non-compete agreements
Goodwill and Other Intangibles [Line Items]
Gross Carrying Amount	28	26
Accumulated Amortization	(20)	(15)
Net	8	11
Trademarks
Goodwill and Other Intangibles [Line Items]
Gross Carrying Amount	151	147
Accumulated Amortization	(32)	(26)
Net	119	121
Other
Goodwill and Other Intangibles [Line Items]
Gross Carrying Amount	10	0
Accumulated Amortization	(1)	0
Net	$ 9	$ 0

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLES - Schedule of Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Goodwill and Other Intangibles [Line Items]
Indefinite-lived intangible assets balance	$ 304	$ 128
Trademarks
Goodwill and Other Intangibles [Line Items]
Indefinite-lived intangible assets balance	303	127
Licenses
Goodwill and Other Intangibles [Line Items]
Indefinite-lived intangible assets balance	$ 1	$ 1

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLES - Schedule of Intangibles Estimated Amortization Expense for the Next Five Years (Details) $ in Millions	Jun. 29, 2024 USD ($)
Estimated Future Amortization Expense for the Next Five Fiscal Years
2025	$ 139
2026	96
2027	88
2028	84
2029	$ 83

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Outstanding Swap Agreements (Details) - 12 months ended Jun. 29, 2024 £ in Millions, kr in Millions, gal in Millions, $ in Millions	SEK (kr) gal	GBP (£)	MXN ($)
Hedging of interest rate risk, U.S dollar, January 2034
Derivative [Line Items]
Notional value | kr	kr 500
Hedging of foreign currency risk, Various
Derivative [Line Items]
Notional value	kr 153	£ 15
Hedging of foreign currency risk, Mexican peso, May 2024
Derivative [Line Items]
Notional value			$ 439
Hedging of foreign currency risk, Canadian dollar, April 2025
Derivative [Line Items]
Notional value			180
Hedging of foreign currency risk, Euro, January 2029
Derivative [Line Items]
Notional value			$ 470
Hedging of fuel risk
Derivative [Line Items]
Notional amount (in gallons) | gal	61

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Derivatives Balance Sheet Location Table (Details) - Hedging Instrument - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Fair value hedges | Interest rate swaps | Other assets
Derivative [Line Items]
Derivative asset, fair value	$ 6	$ 0
Fair value hedges | Interest rate swaps | Other current liabilities
Derivative [Line Items]
Derivative liability, fair value	1	0
Fair value hedges | Cross currency swaps | Other current assets
Derivative [Line Items]
Derivative asset, fair value	2	1
Fair value hedges | Cross currency swaps | Other current liabilities
Derivative [Line Items]
Derivative liability, fair value	3	0
Cash flow hedges | Fuel swaps | Other assets
Derivative [Line Items]
Derivative liability, fair value	1	0
Cash flow hedges | Fuel swaps | Other current assets
Derivative [Line Items]
Derivative asset, fair value	1	0
Cash flow hedges | Fuel swaps | Other current liabilities
Derivative [Line Items]
Derivative liability, fair value	2	18
Cash flow hedges | Fuel swaps | Other long-term liabilities
Derivative [Line Items]
Derivative liability, fair value	0	6
Cash flow hedges | Foreign currency forwards | Other current assets
Derivative [Line Items]
Derivative asset, fair value	0	1
Net investment hedging | Cross currency swaps | Other current assets
Derivative [Line Items]
Derivative asset, fair value	4	0
Net investment hedging | Cross currency swaps | Other long-term liabilities
Derivative [Line Items]
Derivative liability, fair value	$ 10	$ 0

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Location and Effect of Derivative Instruments and Related Hedged Items (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Derivative [Line Items]
Interest expense	$ (607)	$ (527)	$ (624)
Derivatives designated as hedging instruments	2	0
Interest expense	(18)	(7)
Increase in fair value of debt	(6)	(2)
Hedging Instrument | Fair value hedges
Derivative [Line Items]
Interest expense	637	753
Hedging Instrument | Fair value hedges | Interest rate swaps
Derivative [Line Items]
Hedged items	(22)	(9)
Hedging Instrument | Fair value hedges | Interest expense | Interest rate swaps
Derivative [Line Items]
Hedged items	(24)	(10)
Derivatives designated as hedging instruments	6	(4)
Hedging Instrument | Fair value hedges | Interest expense | Cross currency swaps
Derivative [Line Items]
Hedged items	2	1
Derivatives designated as hedging instruments	$ (2)	$ (1)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS - Hedging Relationship (Details) - Hedging Instrument - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023
Cash flow hedges
Derivative [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives	$ 23	$ (71)
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(1)	29
Cash flow hedges | Hedging of fuel risk
Derivative [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives	23	(71)
Cash flow hedges | Hedging of fuel risk | Operating expense
Derivative [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(1)	29
Cash flow hedges | Cross currency swaps
Derivative [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives	0	0
Cash flow hedges | Cross currency swaps | Cost of sales / Other income
Derivative [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	0	0
Net investment hedging | Cross currency swaps
Derivative [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives	(5)
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	0
Net investment hedging | Foreign denominated debt
Derivative [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives		(28)
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income		0
Fair value hedges | Cross currency swaps
Derivative [Line Items]
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives	2	0
Fair value hedges | Cross currency swaps | Other expense (income)
Derivative [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	$ 0	$ 0

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS - Location of Hedged Liabilities (Details) $ in Millions	Jun. 29, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Long-term debt
Carrying Amount of Hedged Assets (Liabilities)	$ (498)
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets (Liabilities)	$ (6)

SELF-INSURED LIABILITIES (Detai

SELF-INSURED LIABILITIES (Details) - Self-insured liabilities - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Self-Insured Liabilities
Balance at beginning of period	$ 485	$ 397	$ 359
Charged to costs and expenses	726	707	552
Payments	(667)	(619)	(514)
Balance at end of period	544	485	$ 397
Long-term portion of self-insured liability balance	$ 364	$ 315

DEBT AND OTHER FINANCING ARRA_3

DEBT AND OTHER FINANCING ARRANGEMENTS - Schedule of Debt (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Debt [Line Items]
Total debt	$ 11,982	$ 10,411
Less current maturities of long-term debt	(469)	(63)
Long-term debt	11,513	10,348
Senior Notes | Senior notes, interest at 3.65%, maturing in fiscal 2025
Debt [Line Items]
Total debt	$ 365	377
Coupon Rate	3.65%
Senior Notes | Senior notes, interest at 3.75%, maturing in fiscal 2026
Debt [Line Items]
Total debt	$ 749	749
Coupon Rate	3.75%
Senior Notes | Senior notes, interest at 3.30%, maturing in fiscal 2027
Debt [Line Items]
Total debt	$ 998	997
Coupon Rate	3.30%
Senior Notes | Senior notes, interest at 3.25%, maturing in fiscal 2028
Debt [Line Items]
Total debt	$ 747	746
Coupon Rate	3.25%
Senior Notes | Senior notes, interest at 5.75%, maturing in fiscal 2029
Debt [Line Items]
Total debt	$ 496	0
Coupon Rate	5.75%
Senior Notes | Senior notes, interest at 2.40%, maturing in fiscal 2030
Debt [Line Items]
Total debt	$ 497	497
Coupon Rate	2.40%
Senior Notes | Senior notes, interest at 5.95%, maturing fiscal 2030
Debt [Line Items]
Total debt	$ 994	993
Coupon Rate	5.95%
Senior Notes | Senior notes, interest at 2.45%, maturing in fiscal 2032
Debt [Line Items]
Total debt	$ 446	446
Coupon Rate	2.45%
Senior Notes | Senior notes, interest at 6.00%, maturing in fiscal 2034
Debt [Line Items]
Total debt	$ 498	0
Coupon Rate	6%
Senior Notes | Senior notes, interest at 5.375%, maturing in fiscal 2036
Debt [Line Items]
Total debt	$ 383	383
Coupon Rate	5.375%
Senior Notes | Senior notes, interest at 6.625%, maturing in fiscal 2039
Debt [Line Items]
Total debt	$ 200	200
Coupon Rate	6.625%
Senior Notes | Senior notes, interest at 6.60%, maturing in fiscal 2040
Debt [Line Items]
Total debt	$ 350	350
Coupon Rate	6.60%
Senior Notes | Senior notes, interest at 4.85%, maturing in fiscal 2046
Debt [Line Items]
Total debt	$ 497	496
Coupon Rate	4.85%
Senior Notes | Senior notes, interest at 4.50%, maturing in fiscal 2046
Debt [Line Items]
Total debt	$ 495	495
Coupon Rate	4.50%
Senior Notes | Senior notes, interest at 4.45%, maturing in fiscal 2048
Debt [Line Items]
Total debt	$ 493	493
Coupon Rate	4.45%
Senior Notes | Senior notes, interest at 3.30%, maturing in fiscal 2050
Debt [Line Items]
Total debt	$ 495	495
Coupon Rate	3.30%
Senior Notes | Senior notes, interest at 6.60%, maturing in fiscal 2050
Debt [Line Items]
Total debt	$ 1,177	1,177
Coupon Rate	6.60%
Senior Notes | Senior notes, interest at 3.15%, maturing in fiscal 2052
Debt [Line Items]
Total debt	$ 788	787
Coupon Rate	3.15%
Debentures | Debentures, interest at 7.16%, maturing in fiscal 2027
Debt [Line Items]
Total debt	$ 43	43
Coupon Rate	7.16%
Debentures | Debentures, interest at 6.50%, maturing in fiscal 2029
Debt [Line Items]
Total debt	$ 155	155
Coupon Rate	6.50%
Plant and equipment financing programs, finance leases, notes payable, and other debt, interest averaging 5.13% and maturing at various dates to fiscal 2052 as of June 29, 2024, and 4.49% and maturing at various dates to fiscal 2052 as of July 1, 2023
Debt [Line Items]
Total debt	$ 916	$ 532
Average interest rate on debt instruments (as a percent)	5.13%	4.49%
Commercial Paper | U.S. Commercial paper, interest at 5.45%, maturing in fiscal 2025
Debt [Line Items]
Total debt	$ 200	$ 0
Coupon Rate	5.45%

DEBT AND OTHER FINANCING ARRA_4

DEBT AND OTHER FINANCING ARRANGEMENTS - Schedule of Principal and Interest Payments (Details) $ in Millions	Jun. 29, 2024 USD ($)
Principal payment required during next five years
2025	$ 365
2026	750
2027	1,043
2028	750
2029	655
Interest payment required during next five years
2025	512
2026	473
2027	442
2028	410
2029	$ 398

DEBT AND OTHER FINANCING ARRA_5

DEBT AND OTHER FINANCING ARRANGEMENTS - Narrative (Details)				12 Months Ended
	Jun. 29, 2024 USD ($)	Nov. 17, 2023 USD ($)	Oct. 17, 2023 EUR (€)	Jun. 29, 2024 USD ($)	Jun. 29, 2024 EUR (€)	Jul. 01, 2023 USD ($)
Debt [Line Items]
Total debt	$ 11,400,000,000			$ 11,400,000,000		$ 9,800,000,000
Maximum board-authorized aggregate commercial paper limit	3,000,000,000
Debt issuance outstanding	11,982,000,000			11,982,000,000		10,411,000,000
Letters of credit outstanding, amount	271,000,000			271,000,000		268,000,000
Commercial Paper
Debt [Line Items]
Debt issuance outstanding	200,000,000			200,000,000
Commercial Paper | Barclays Bank of Ireland
Debt [Line Items]
Maximum board-authorized aggregate commercial paper limit | €			€ 250,000,000
Debt issuance outstanding | €					€ 0
Senior Notes
Debt [Line Items]
Principal amount of notes		$ 1,000,000,000
Senior Notes | January 17, 2029 (the 2029 Notes)
Debt [Line Items]
Principal amount of notes		$ 500,000,000
Period prior to maturity for early redemption		1 month
Percent of principal due upon early repayment		100%
Senior Notes | January 17, 2034 (the 2034 Notes)
Debt [Line Items]
Principal amount of notes		$ 500,000,000
Period prior to maturity for early redemption		3 months
Percent of principal due upon early repayment		100%
Revolving Credit Facility | Line of Credit
Debt [Line Items]
Aggregate commitments				3,000,000,000
Increase in commitment fee amount				$ 4,000,000,000
Line of credit facility, covenant, require to maintain EBITDA ratio				3
Borrowings outstanding under revolving credit facility	0			$ 0
Carrying Value
Debt [Line Items]
Total debt	$ 12,000,000,000			$ 12,000,000,000		$ 10,400,000,000

DEBT AND OTHER FINANCING ARRA_6

DEBT AND OTHER FINANCING ARRANGEMENTS - Schedule of Senior Notes (Details) - Senior Notes	Nov. 17, 2023 USD ($)
Debt Instrument [Line Items]
Par Value (in millions)	$ 1,000,000,000
January 17, 2029 (the 2029 Notes)
Debt Instrument [Line Items]
Par Value (in millions)	$ 500,000,000
Coupon Rate	5.75%
Pricing (percentage of par)	99.784%
January 17, 2034 (the 2034 Notes)
Debt Instrument [Line Items]
Par Value (in millions)	$ 500,000,000
Coupon Rate	6%
Pricing (percentage of par)	99.037%

LEASES - Summary of Lease, Fina

LEASES - Summary of Lease, Financial Statement Presentation (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Leases [Abstract]
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Plant and equipment at cost, less accumulated depreciation	Plant and equipment at cost, less accumulated depreciation
Finance lease right-of-use assets	$ 339	$ 285
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Long-Term Debt and Lease Obligation, Current	Long-Term Debt and Lease Obligation, Current
Current finance lease liabilities	$ 54	$ 38
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt	Long-term debt
Long-term finance lease liabilities	$ 307	$ 260

LEASES - Lease Costs (Details)

LEASES - Lease Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023
Leases [Abstract]
Operating lease cost	$ 154	$ 139
Financing lease cost:
Amortization of right-of-use assets	60	50
Interest on lease obligations	14	11
Variable lease cost	111	73
Short-term lease cost	68	55
Net lease cost	$ 407	$ 328

LEASES - Future Minimum Lease O

LEASES - Future Minimum Lease Obligations (Details) $ in Millions	Jun. 29, 2024 USD ($)
Operating Leases
2024	$ 161
2025	146
2026	141
2027	111
2028	92
Thereafter	551
Total undiscounted lease obligations	1,202
Less imputed interest	(239)
Present value of lease obligations	963
Finance Leases
2024	69
2025	59
2026	53
2027	39
2028	30
Thereafter	224
Total undiscounted lease obligations	474
Less imputed interest	(113)
Present value of lease obligations	$ 361

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Millions	Jun. 29, 2024 USD ($)
Leases [Abstract]
Lessee, operating lease, lease not yet commenced, minimum lease payments	$ 374

LEASES - Other Information Rela

LEASES - Other Information Related to Lease Agreements (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows for operating leases	$ 144	$ 134
Operating cash flows for financing leases	14	11
Financing cash flows for financing leases	51	44
Supplemental Non-cash Information on Lease Liabilities:
Assets obtained in exchange for operating lease obligations	287	105
Assets obtained in exchange for finance lease obligations	115	114	$ 192
Operating lease asset adjustments, including renewals and remeasurements	24	13
Operating lease liability adjustments, including renewals and remeasurements	$ 24	$ 17
Weighted-average remaining lease term (years):
Operating leases	10 years 7 months 17 days	10 years 4 months 9 days
Financing leases	12 years 6 months	14 years 11 months 8 days
Weighted-average discount rate:
Operating leases	4.19%	3.31%
Financing leases	4.50%	4.06%

COMPANY-SPONSORED EMPLOYEE BE_3

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Defined Contribution Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined contribution plans expense	$ 200	$ 176	$ 146
Safe Harbor 401(k) Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Non-elective employer contribution, percent of participant's compensation	3%
Employer matching contribution percent	50%
Employer matching contribution, percent of participant's compensation	6%
Safe Harbor 401(k) Plan Non Adopting Unions
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching contribution percent	50%
Employer matching contribution, percent of participant's compensation	6%
Management Savings Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Non-elective employer contribution, percent of participant's compensation	3%
Employer matching contribution percent	50%
Employer matching contribution, percent of participant's compensation	6%
Maximum annual contributions per employee, percent of salary	50%
Maximum annual contributions per employee, percent of bonus	90%
Deferred compensation obligations	$ 103	$ 106

COMPANY-SPONSORED EMPLOYEE BE_4

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Defined Benefit Plans (Details) participant in Thousands, $ in Millions			3 Months Ended			4 Months Ended	8 Months Ended	12 Months Ended
	Oct. 25, 2022 USD ($) participant	Jul. 02, 2022	Dec. 30, 2023 USD ($)	Jul. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)	Oct. 31, 2022	Jun. 30, 2023	Jun. 29, 2024 USD ($)	Jul. 01, 2023 USD ($)	Jul. 02, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Settlement loss recognized								$ 0	$ 315	$ 0
Other Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, benefit obligation				$ 7				9	7
Pension Benefits | United States
Defined Benefit Plan Disclosure [Line Items]
Settlements	$ 695
Number of participants | participant	10
Settlement loss recognized			$ 315	$ (122)	$ 315			$ 0	$ 315	$ 0
Discount rate		4.91%		5.62%		6.07%		5.86%	5.62%	4.91%
Expected rate of return		4.50%				4.50%	6%	5.50%	6%	4.50%

COMPANY-SPONSORED EMPLOYEE BE_5

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Funded Status (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Change in plan assets:
Cash surrender value of corporate-owned life insurance	$ 166	$ 160
Accumulated other comprehensive loss (income)
Prior service cost	3	4
Actuarial losses	1,271	1,172
Total	1,274	1,176
Other Postretirement Plans
Change in benefit obligation:
Benefit obligation at beginning of year	7
Benefit obligation at end of year	9	7
Change in plan assets:
Cash surrender value of corporate-owned life insurance	91	91
Pension Benefits and SERP | United States
Change in benefit obligation:
Benefit obligation at beginning of year	2,979	3,921
Service cost	8	8
Interest cost	164	170
Amendments	0	2
Curtailments	0	0
Actuarial (gain) loss, net	(135)	(300)
Benefit payments	(119)	(127)
Settlements	0	(695)
Benefit obligation at end of year	2,897	2,979	$ 3,921
Change in plan assets:
Fair value of plan assets at beginning of year	2,641	3,633
Actual return on plan assets	(65)	(199)
Employer contribution	13	29
Benefit payments	(87)	(127)
Settlements	0	(695)
Fair value of plan assets at end of year	2,502	2,641	3,633
Funded status at end of year	(395)	(338)
Accumulated benefit obligations/aggregate benefit obligation in excess of fair value of plan assets
Accumulated benefit obligation/aggregate benefit obligation	2,888	348
Fair value of plan assets at end of year	2,502	0
Pension Benefits
Change in plan assets:
Employer contribution	68	50
Pension Benefits | United States
Change in benefit obligation:
Service cost	8	8	13
Interest cost	164	171	153
Change in plan assets:
Fair value of plan assets at beginning of year	2,641
Fair value of plan assets at end of year	2,502	2,641
Amounts recognized in the balance sheets
Noncurrent assets (Other assets)	0	10
Current accrued benefit liability (Accrued expenses)	(32)	(32)
Noncurrent accrued benefit liability (Other long-term liabilities)	(363)	(316)
Net amount recognized	(395)	(338)
Accumulated other comprehensive loss (income)
Prior service cost	2	3
Actuarial losses	1,160	1,115
Total	1,162	1,118
Pension Benefits | International Plan
Change in benefit obligation:
Benefit obligation at beginning of year	286	289
Service cost	2	2	3
Interest cost	14	10	8
Amendments	0	0
Curtailments	(1)	(1)
Actuarial (gain) loss, net	8	(11)
Benefit payments	(13)	(13)
Settlements	(1)	10
Benefit obligation at end of year	295	286	289
Change in plan assets:
Fair value of plan assets at beginning of year	185	242
Actual return on plan assets	(35)	(73)
Employer contribution	22	21
Benefit payments	(13)	(13)
Settlements	(1)	8
Fair value of plan assets at end of year	158	185	$ 242
Funded status at end of year	(137)	(101)
Amounts recognized in the balance sheets
Noncurrent assets (Other assets)	0	0
Current accrued benefit liability (Accrued expenses)	(2)	(2)
Noncurrent accrued benefit liability (Other long-term liabilities)	(135)	(99)
Net amount recognized	(137)	(101)
Accumulated other comprehensive loss (income)
Prior service cost	1	1
Actuarial losses	111	57
Total	112	58
Accumulated benefit obligations/aggregate benefit obligation in excess of fair value of plan assets
Accumulated benefit obligation/aggregate benefit obligation	291	280
Fair value of plan assets at end of year	158	185
Supplemental executive retirement plan
Change in plan assets:
Long-term defined benefit pension liabilities	340	348
U.S Retirement Plan
Change in plan assets:
Employer contribution	13
U.S Retirement Plan | United States
Change in plan assets:
Funded status at end of year	$ (55)	$ 10

COMPANY-SPONSORED EMPLOYEE BE_6

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Components of Net Benefit Costs and Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Dec. 30, 2023	Jul. 01, 2023	Dec. 31, 2022	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Net benefit costs
Settlement loss recognized				$ 0	$ 315	$ 0
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss)
Amortization of actuarial loss				97	89	9
Actuarial gain (loss) arising in current year				(20)	(24)	(59)
Accumulated other comprehensive loss (income) expected to be recognized as components of net benefit cost
Amortization of actuarial losses				34
Pension Benefits | United States
Net benefit costs
Service cost				8	8	13
Interest cost				164	171	153
Expected return on plan assets				(143)	(148)	(206)
Amortization of prior service cost				1	0	0
Amortization of actuarial loss				28	33	35
Curtailment gain				0	0	0
Settlement loss recognized	$ 315	$ (122)	$ 315	0	315	0
Net pension costs (benefits)				58	379	(5)
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss)
Amortization of prior service cost				1	0	0
Amortization of actuarial loss				28	348	35
Prior service cost arising in current year				0	(3)	0
Effect of exchange rates on amounts in AOCI				0	0	0
Actuarial gain (loss) arising in current year				(73)	(46)	(13)
Net pension income (cost)				(44)	299	22
Accumulated other comprehensive loss (income) expected to be recognized as components of net benefit cost
Amortization of actuarial losses				30
Pension Benefits | International Plan
Net benefit costs
Service cost				2	2	3
Interest cost				14	10	8
Expected return on plan assets				(12)	(11)	(10)
Amortization of prior service cost				0	0	0
Amortization of actuarial loss				1	0	0
Curtailment gain				(1)	(1)	(1)
Settlement loss recognized				0	0	0
Net pension costs (benefits)				4	0	0
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss)
Amortization of prior service cost				0	0	0
Amortization of actuarial loss				1	0	0
Prior service cost arising in current year				0	0	0
Effect of exchange rates on amounts in AOCI				(1)	(4)	(1)
Actuarial gain (loss) arising in current year				(54)	(72)	36
Net pension income (cost)				(54)	$ (76)	$ 35
Accumulated other comprehensive loss (income) expected to be recognized as components of net benefit cost
Amortization of actuarial losses				$ 4

COMPANY-SPONSORED EMPLOYEE BE_7

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Employer Contributions (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contribution	$ 68	$ 50
Pension Benefits | International Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contribution	22	$ 21
Estimated contributions to defined benefit plans in next fiscal year	20
U.S Retirement Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contribution	13
Supplemental executive retirement plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated contributions to defined benefit plans in current fiscal year	$ 32

COMPANY-SPONSORED EMPLOYEE BE_8

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Estimated Future Benefit Payments (Details) - Pension Benefits $ in Millions	Jun. 29, 2024 USD ($)
United States
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2025	$ 140
2026	153
2027	164
2028	174
2029	183
Subsequent five years	1,015
International Plan
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2025	13
2026	13
2027	14
2028	15
2029	15
Subsequent five years	$ 77

COMPANY-SPONSORED EMPLOYEE BE_9

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Assumptions (Details)		4 Months Ended	8 Months Ended	12 Months Ended
	Jul. 02, 2022	Oct. 31, 2022	Jun. 30, 2023	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Pension Benefits | United States
Weighted-average assumptions used to determine benefit obligations
Discount rate	4.91%	6.07%		5.86%	5.62%	4.91%
Rate of compensation increase				3%	3%
Weighted-average assumptions used in calculating net periodic benefit cost
Discount rate		4.91%	6.07%	5.62%	6.07%	3.12%
Expected rate of return	4.50%	4.50%	6%	5.50%	6%	4.50%
Rate of compensation increase				3%	3%	2.56%
Discount rate used to calculate next year benefit costs				5.86%
Expected rate of return on plan assets used in calculating net periodic benefit cost for next fiscal year				5.63%
Pension Benefits | United Kingdom
Weighted-average assumptions used to determine benefit obligations
Discount rate				5.20%	5.20%
Weighted-average assumptions used in calculating net periodic benefit cost
Discount rate				5.20%	3.65%	1.90%
Expected rate of return				6.65%	4.65%	3.30%
Discount rate used to calculate next year benefit costs				5.20%
Expected rate of return on plan assets used in calculating net periodic benefit cost for next fiscal year				6.60%
Supplemental executive retirement plan
Weighted-average assumptions used to determine benefit obligations
Discount rate				5.89%	5.65%
Weighted-average assumptions used in calculating net periodic benefit cost
Discount rate				5.65%	4.84%	2.91%
Discount rate used to calculate next year benefit costs				5.89%

COMPANY-SPONSORED EMPLOYEE B_10

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Investment Strategy (Details) - Pension Benefits	12 Months Ended
	Jul. 01, 2023	Jun. 29, 2024
United States
Defined Benefit Plan Disclosure [Line Items]
Actual Asset Allocation		100%
United Kingdom
Defined Benefit Plan Disclosure [Line Items]
Target Asset Allocation		2%
Actual Asset Allocation		100%
Maximum allowable portfolio annual risk	10%
Growth assets | United States
Defined Benefit Plan Disclosure [Line Items]
Target Asset Allocation		30%
Actual Asset Allocation		27%
Matching portfolio | United States
Defined Benefit Plan Disclosure [Line Items]
Target Asset Allocation		70%
Actual Asset Allocation		73%
Matching portfolio | United Kingdom
Defined Benefit Plan Disclosure [Line Items]
Target Asset Allocation		50%
Actual Asset Allocation		49%
Growth portfolio | United Kingdom
Defined Benefit Plan Disclosure [Line Items]
Target Asset Allocation		50%
Actual Asset Allocation		51%

COMPANY-SPONSORED EMPLOYEE B_11

COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Fair Value Measurements (Details) - Pension Benefits - USD ($)	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
United States
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 2,502,000,000	$ 2,641,000,000
Net payables	(6,000,000)
Investment redemption restriction, percentage (less than)		1%
United States | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	147,000,000	$ 93,000,000
Net payables	(6,000,000)
United States | Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Unfunded commitments related to investments	0	0
United States | U.S. equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	221,000,000	231,000,000
Net payables	0
United States | International equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	152,000,000	165,000,000
Net payables	0
United States | Alternative investment funds - Hedge fund of funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	167,000,000	191,000,000
Net payables	0
Unfunded commitments related to investments	0	0
United States | Alternative investment funds - Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	88,000,000	105,000,000
Net payables	0
Unfunded commitments related to investments	2,000,000	2,000,000
United States | Alternative investment funds - Private equity funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	55,000,000	66,000,000
Net payables	0
Unfunded commitments related to investments	13,000,000	15,000,000
United States | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,185,000,000	1,386,000,000
Net payables	0
United States | U.S. government and agency securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	472,000,000	397,000,000
Net payables	0
United States | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	15,000,000	7,000,000
Net payables	0
United States | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	17,000,000	30,000,000
United States | Level 1 | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	13,000,000
United States | Level 1 | U.S. equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	17,000,000	17,000,000
United States | Level 1 | International equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 1 | Alternative investment funds - Hedge fund of funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 1 | Alternative investment funds - Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 1 | Alternative investment funds - Private equity funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 1 | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 1 | U.S. government and agency securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 1 | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,603,000,000	1,627,000,000
United States | Level 2 | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	153,000,000	80,000,000
United States | Level 2 | U.S. equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 2 | International equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 2 | Alternative investment funds - Hedge fund of funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 2 | Alternative investment funds - Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 2 | Alternative investment funds - Private equity funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 2 | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,140,000,000	1,340,000,000
United States | Level 2 | U.S. government and agency securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	295,000,000	200,000,000
United States | Level 2 | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	15,000,000	7,000,000
United States | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 3 | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 3 | U.S. equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 3 | International equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 3 | Alternative investment funds - Hedge fund of funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 3 | Alternative investment funds - Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 3 | Alternative investment funds - Private equity funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 3 | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 3 | U.S. government and agency securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Level 3 | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Fair Value Measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	888,000,000	984,000,000
United States | Fair Value Measured at NAV | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Fair Value Measured at NAV | U.S. equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	204,000,000	214,000,000
United States | Fair Value Measured at NAV | International equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	152,000,000	165,000,000
United States | Fair Value Measured at NAV | Alternative investment funds - Hedge fund of funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	167,000,000	191,000,000
United States | Fair Value Measured at NAV | Alternative investment funds - Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	88,000,000	105,000,000
United States | Fair Value Measured at NAV | Alternative investment funds - Private equity funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	55,000,000	66,000,000
United States | Fair Value Measured at NAV | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	45,000,000	46,000,000
United States | Fair Value Measured at NAV | U.S. government and agency securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	177,000,000	197,000,000
United States | Fair Value Measured at NAV | Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International Plan
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	158,000,000	185,000,000	$ 242,000,000
United Kingdom
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	158,000,000	184,000,000
United Kingdom | Growth portfolio
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	158,000,000	184,000,000
Unfunded commitments related to investments	4,000,000	5,000,000
United Kingdom | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United Kingdom | Level 1 | Growth portfolio
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United Kingdom | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United Kingdom | Level 2 | Growth portfolio
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United Kingdom | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United Kingdom | Level 3 | Growth portfolio
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United Kingdom | Fair Value Measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	158,000,000	184,000,000
United Kingdom | Fair Value Measured at NAV | Growth portfolio
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 158,000,000	$ 184,000,000

MULTIEMPLOYER EMPLOYEE BENEFI_3

MULTIEMPLOYER EMPLOYEE BENEFIT PLANS - Plan Contributions (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Multiple-Employer Plan Accounted for as Multiemployer Plan [Abstract]
Individually significant plans	$ 47	$ 41	$ 35
All other plans	16	12	10
Total contributions	$ 63	$ 53	$ 45

MULTIEMPLOYER EMPLOYEE BENEFI_4

MULTIEMPLOYER EMPLOYEE BENEFIT PLANS - Individually Significant Plans (Details) $ in Millions	12 Months Ended
	Jun. 29, 2024 USD ($) agreement	Jul. 01, 2023 USD ($)	Jul. 02, 2022 USD ($)
Multiemployer Plans [Line Items]
Individually significant plans	$ 47	$ 41	$ 35
Western Conference of Teamsters Pension Plan
Multiemployer Plans [Line Items]
Pension Protection Act Zone Status		Green	Green
Multiemployer plan number of collective bargaining agreements | agreement	24
Individually significant plans	$ 47	$ 41	$ 35
Western Conference of Teamsters Pension Plan | Minimum
Multiemployer Plans [Line Items]
Multiemployer plan collective bargaining agreement average percentage of employer's contributions	1%
Western Conference of Teamsters Pension Plan | Maximum
Multiemployer Plans [Line Items]
Multiemployer plan collective bargaining agreement average percentage of employer's contributions	21%

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Numerator:
Net earnings	$ 1,955	$ 1,770	$ 1,359
Denominator:
Weighted-average basic shares outstanding (in shares)	501,238,422	507,362,913	510,630,645
Dilutive effect of share-based awards (in shares)	1,857,664	2,356,843	3,375,182
Weighted-average diluted shares outstanding (in shares)	503,096,086	509,719,756	514,005,827
Basic earnings per share (in dollars per share)	$ 3.90	$ 3.49	$ 2.66
Diluted earnings per share (in dollars per share)	$ 3.89	$ 3.47	$ 2.64

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2024	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividends declared		$ 1,006	$ 999	$ 971
Dividends declared but not yet paid		$ 251	$ 253	$ 249
Accelerated Share Repurchase | Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Accelerated share repurchase program, authorized amount	$ 500
Accelerated share repurchases, payment	$ 500
Treasury stock purchases (in shares)	6,026,110	6,349,219
Accelerated share repurchases, number of incremental shares due (in shares)	323,109
Accelerated share repurchases, average price per share (in dollars per share)		$ 78.75
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded (in shares)		4,611,724	2,373,000	1,538,000

OTHER COMPREHENSIVE INCOME - Na

OTHER COMPREHENSIVE INCOME - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive income	$ 1,869	$ 1,999	$ 1,026

OTHER COMPREHENSIVE INCOME - Co

OTHER COMPREHENSIVE INCOME - Components of Other Comprehensive (Loss) Income and Related Tax Effects (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Before Tax Amount
Total other comprehensive loss	$ (103)	$ 263	$ (295)
Tax
Total other comprehensive loss	(17)	34	38
Net of Tax Amount
Before reclassifications, net of tax	(115)	199	(392)
Amortization of prior service cost	27	32	68
Total other comprehensive income (loss)	(86)	229	(333)
Foreign currency translation adjustment
Before Tax Amount
Other comprehensive income before reclassifications, before tax	(33)	127	(461)
Tax
Before reclassifications tax	0	0	0
Net of Tax Amount
Before reclassifications, net of tax	(33)	127	(461)
Hedging, net of tax
Before Tax Amount
Other comprehensive income before reclassifications, before tax	18	(99)	103
Tax
Before reclassifications tax	3	(23)	25
Net of Tax Amount
Before reclassifications, net of tax	15	(76)	78
Amortization of prior service cost	7	8	9
Change in excluded component of fair value hedge
Before Tax Amount
Other comprehensive income before reclassifications, before tax	2
Tax
Before reclassifications tax	0
Net of Tax Amount
Before reclassifications, net of tax	2
Change in cash flow hedges
Before Tax Amount
Other comprehensive income before reclassifications, before tax	21	(71)	31
Reclassification adjustments, before tax	11	11	11
Tax
Before reclassifications tax	5	(16)	7
Amortization of prior service cost	4	3	2
Net of Tax Amount
Before reclassifications, net of tax	16	(55)	24
Amortization of prior service cost	7	8	9
Change in net investment hedges
Before Tax Amount
Other comprehensive income before reclassifications, before tax	(5)	(28)	72
Tax
Before reclassifications tax	(2)	(7)	18
Net of Tax Amount
Before reclassifications, net of tax	(3)	(21)	54
Pension and other postretirement benefit plans:
Before Tax Amount
Reclassification adjustments, before tax	28	32	75
Tax
Amortization of prior service cost	8	8	16
Net of Tax Amount
Before reclassifications, net of tax	(97)	148	(9)
Amortization of prior service cost	20	24	59
Amortization of actuarial loss, net
Before Tax Amount
Other comprehensive income before reclassifications, before tax	(130)	(121)	(11)
Reclassification adjustments, before tax	28	32	75
Tax
Before reclassifications tax	(33)	(32)	(2)
Amortization of prior service cost	8	8	16
Net of Tax Amount
Before reclassifications, net of tax	(97)	(89)	(9)
Amortization of prior service cost	20	24	59
Settlements
Before Tax Amount
Other comprehensive income before reclassifications, before tax		315
Tax
Before reclassifications tax		78
Net of Tax Amount
Before reclassifications, net of tax		237
Total other comprehensive income before reclassification adjustments
Before Tax Amount
Other comprehensive income before reclassifications, before tax		194
Tax
Before reclassifications tax		46
Net of Tax Amount
Before reclassifications, net of tax		148
Marketable Securities
Before Tax Amount
Other comprehensive income before reclassifications, before tax	3	(2)	(12)
Tax
Before reclassifications tax	1	0	(3)
Net of Tax Amount
Before reclassifications, net of tax	$ 2	$ (2)	$ (9)

OTHER COMPREHENSIVE INCOME - Sc

OTHER COMPREHENSIVE INCOME - Schedule of Rollforward of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 2,009	$ 1,382	$ 1,553
Other comprehensive income before     reclassification adjustments	(115)	199	(392)
Amounts reclassified from accumulated     other comprehensive loss	27	32	68
Change in marketable securities	2	(2)	(9)
Ending balance	1,860	2,009	1,382
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,253)	(1,482)	(1,149)
Ending balance	(1,339)	(1,253)	(1,482)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(374)	(501)	(40)
Other comprehensive income before     reclassification adjustments	(33)	127	(461)
Ending balance	(407)	(374)	(501)
Hedging, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(32)	36	(51)
Other comprehensive income before     reclassification adjustments	15	(76)	78
Amounts reclassified from accumulated     other comprehensive loss	7	8	9
Ending balance	(10)	(32)	36
Pension and Other Postretirement Benefit Plans, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(840)	(1,012)	(1,062)
Other comprehensive income before     reclassification adjustments	(97)	148	(9)
Amounts reclassified from accumulated     other comprehensive loss	20	24	59
Ending balance	(917)	(840)	(1,012)
Marketable Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(7)	(5)	4
Other comprehensive income before     reclassification adjustments	2	(2)	(9)
Change in marketable securities	2	(2)	(9)
Ending balance	$ (5)	$ (7)	$ (5)

SHARE-BASED COMPENSATION - Stoc

SHARE-BASED COMPENSATION - Stock Incentive Plans (Details) - shares	1 Months Ended	12 Months Ended
	Nov. 30, 2018	Jun. 29, 2024
2018 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of shares authorized (in shares)	51,500,000
Performance measurement period (in years)	10 years
Total number of shares available for grant (in shares)		38,124,860
2018 Omnibus Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award expiration period (in years)	1 year
2018 Omnibus Incentive Plan | Restricted Stock, Restricted Stock Units or Other Types of Stock-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of shares authorized (in shares)	17,500,000
Total number of shares available for grant (in shares)		10,689,230
2018 Omnibus Incentive Plan | Options or Stock Appreciation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of shares available for grant (in shares)		38,124,860
Long-term Incentive Plan Prior to 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award expiration period (in years)		10 years

SHARE-BASED COMPENSATION - Perf

SHARE-BASED COMPENSATION - Performance Share Units (Details) - Performance Share Units (PSUs) - $ / shares	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted (in shares)	527,081	460,672
Equity instruments other than options granted, weighted average grant date fair value per share (in dollars per share)	$ 74.91	$ 84.87

SHARE-BASED COMPENSATION - St_2

SHARE-BASED COMPENSATION - Stock Options (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 29, 2024 USD ($) employee officer $ / shares shares	Jul. 01, 2023 USD ($) officer employee $ / shares shares	Jul. 02, 2022 USD ($) employee officer $ / shares shares
Fair Value Assumptions and Methodology
Dividend yield	2.60%	2.40%	2.50%
Expected volatility	27.20%	32.60%	30.10%
Risk-free interest rate	4.10%	3%	1%
Expected life (in years)	6 years 7 months 6 days	6 years 7 months 6 days	6 years 7 months 6 days
Shares Under Option
Outstanding, beginning balance (in shares)	9,750,183
Granted (in shares)	808,279	954,249	1,224,150
Exercised (in shares)	1,586,486
Forfeited (in shares)	477,689
Expired (in shares)	0
Outstanding, ending balance (in shares)	8,494,287	9,750,183
Vested or expected to vest (in shares)	1,444,819
Exercisable (in shares)	6,997,052
Weighted Average Exercise Price Per Share
Outstanding, beginning balance (in dollars per share) | $ / shares	$ 65.05
Granted (in dollars per share) | $ / shares	73.06
Exercised (in dollars per share) | $ / shares	55.05
Forfeited (in dollars per share) | $ / shares	77.65
Expired (in dollars per share) | $ / shares	0
Outstanding, ending balance (in dollars per share) | $ / shares	66.97	$ 65.05
Vested or expected to vest (in dollars per share) | $ / shares	77.71
Exercisable (in dollars per share) | $ / shares	$ 64.68
Additional Disclosures
Outstanding, ending balance, weighted average remaining contractual term (in years)	5 years 2 months 8 days
Vested or expected to vest, weighted average remaining contractual term (in years)	8 years 5 months 1 day
Exercisable, weighted average remaining contractual term (in years)	4 years 6 months
Outstanding, ending balance, aggregate intrinsic value | $	$ 63
Exercisable, aggregate intrinsic value | $	$ 63
Weighted average fair value of options granted in period (in USD per share) | $ / shares	$ 19.27	$ 24.46	$ 17.39
Total intrinsic value of options exercised in period | $	$ 1	$ 1	$ 5
Key Employees
Shares Under Option
Granted (in shares)	485,954	570,037	724,596
Additional Disclosures
Number of employees/officers receiving options in period | employee	167	167	145
Executive Officer
Shares Under Option
Granted (in shares)	322,325	384,212	499,554
Additional Disclosures
Number of employees/officers receiving options in period | officer	12	13	11

SHARE-BASED COMPENSATION - Rest

SHARE-BASED COMPENSATION - Restricted Stock Units (Details) - Restricted Stock Units - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted (in shares)	1,146,158	917,560	758,934
Equity instruments other than options granted, award vesting period (in years)	3 years
Equity instruments other than options granted, weighted average grant date fair value per share (in dollars per share)	$ 74.52	$ 75.66	$ 80.31
Equity instruments other than options vested, total fair value	$ 52	$ 44	$ 42
Equity instruments other than options vested, intrinsic value	$ 54	$ 47	$ 53

SHARE-BASED COMPENSATION - Non-

SHARE-BASED COMPENSATION - Non-Employee Director Awards (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Elected Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options vested (in shares)	5,966	6,974	6,002
Equity instruments other than options vested, weighted average grant date fair value per share (in dollars per share)	$ 72.22	$ 78.82	$ 78.35
Director Restricted Award and Elected Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options vested but not distributed ending balance (in shares)	117,455
Director Restricted Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options granted (in shares)	29,115	22,055	22,293
Equity instruments other than options granted, award vesting period (in years)	1 year
Equity instruments other than options granted, weighted average grant date fair value per share (in dollars per share)	$ 70.67	$ 84.10	$ 74.93
Equity instruments other than options distributed, total fair value	$ 2	$ 2	$ 2
2009 Non-Employee Directors Stock Plan | Elected Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum percentage of annual director fees that can be received in common stock	100%

SHARE-BASED COMPENSATION - Summ

SHARE-BASED COMPENSATION - Summary of Non-Vested Awards (Details) - Nonvested Awards	12 Months Ended
	Jun. 29, 2024 $ / shares shares
Shares
Nonvested beginning balance (in shares) | shares	2,453,904
Granted (in shares) | shares	1,727,704
Vested (in shares) | shares	(722,080)
Forfeited (in shares) | shares	(487,334)
Nonvested ending balance (in shares) | shares	2,972,194
Weighted Average Grant Date Fair Value Per Share
Nonvested, beginning balance (in dollars per share) | $ / shares	$ 82.05
Granted (in dollars per share) | $ / shares	74.58
Vested (in dollars per share) | $ / shares	73.96
Forfeited (in dollars per share) | $ / shares	77.24
Nonvested, ending balance (in dollars per share) | $ / shares	$ 80.46

SHARE-BASED COMPENSATION - Empl

SHARE-BASED COMPENSATION - Employee Stock Purchase Plan (Details) - Employees' Stock Purchase Plan - $ / shares	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, discount from market price	15%
Total number of shares authorized (in shares)	79,000,000
Total number of shares available for grant (in shares)	1,127,023
Equity instruments other than options vested (in shares)	1,092,062	1,032,545	868,439
Equity instruments other than options vested, weighted average grant date fair value per share (in dollars per share)	$ 10.83	$ 11.15	$ 12.10

SHARE-BASED COMPENSATION - All

SHARE-BASED COMPENSATION - All Share-Based Payment Arrangements (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Share-based compensation expense	$ 104	$ 96	$ 122
Total income tax benefit for share-based compensation arrangements	17	16	19
Total unrecognized compensation cost related to share-based compensation arrangements	$ 136
Weighted average period of time for unrecognized compensation cost to be recognized (in years)	1 year 10 months 24 days
Cash received from options exercises and purchase of shares under the employees' stock purchase plan	$ 120	79	128
Share-based compensation	$ 4	$ 2	$ 13

INCOME TAXES - Income Tax Provi

INCOME TAXES - Income Tax Provisions (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Income Tax Disclosure [Abstract]
U.S.	$ 2,260	$ 1,941	$ 1,643
Foreign	305	344	104
Earnings before income taxes	2,565	2,285	1,747
U.S. federal income taxes	447	388	354
State and local income taxes	125	79	45
Foreign income taxes	38	48	(11)
Current	584	531	452
Deferred	26	(16)	(64)
Total	$ 610	$ 515	$ 388

INCOME TAXES - Effective Tax Ra

INCOME TAXES - Effective Tax Rates (Details)	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Income Tax Disclosure [Abstract]
U.S. statutory federal income tax rate	21%	21%	21%
State and local income taxes, net of any applicable federal income tax benefit	3.90%	2.60%	2.40%
Foreign income taxes	(1.00%)	(1.10%)	(1.90%)
Uncertain tax positions	0.10%	0.10%	0.80%
Tax benefit of equity-based compensation	0.10%	(0.10%)	(0.10%)
Other	(0.30%)	0.10%	0%
Effective income tax rate	23.80%	22.60%	22.20%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Operating Loss Carryforwards [Line Items]
Effective income tax rate		23.80%	22.60%	22.20%
State income tax expense		$ 99	$ 60
Valuation allowances	$ 267	278	267
Unrecognized tax benefits	32	32	32
Liability recorded for interest and penalties related to unrecognized tax benefits	8	$ 12	$ 8
Income tax benefit	$ 131
Foreign Tax Authority | Minimum
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward period		5 years

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Deferred tax assets:
Net operating tax loss carryforwards	$ 534	$ 537
Operating lease liabilities	237	171
Interest carryforwards	228	205
Pension	121	101
Receivables	52	51
Inventory	30	27
Deferred compensation	28	26
Share-based compensation	27	24
Other	67	60
Deferred tax assets before valuation allowances	1,324	1,202
Valuation allowances	(278)	(267)
Total deferred tax assets	1,046	935
Deferred tax liabilities:
Goodwill and intangible assets	374	238
Excess tax depreciation and basis differences of assets	285	364
Operating lease assets	231	172
Foreign currency remeasurement losses and currency hedge	20	16
Other	36	28
Total deferred tax liabilities	946	818
Total net deferred tax assets	$ 100	$ 117

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 29, 2024
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Gain (loss) related to litigation settlement	$ 122
Product Purchases for Resale Commitments
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Unrecorded unconditional purchase obligation as of balance sheet date		$ 10,600
Information Technology Services Commitments
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Remaining amount of long-term purchase commitment		271
Termination fee associated with long-term purchase commitment if terminated in next fiscal year		$ 98

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Other Commitments (Details) - Product Purchases for Resale Commitments $ in Millions	Jun. 29, 2024 USD ($)
Product purchases for resale commitments:
2025	$ 7,294
2026	2,237
2027	799
2028	211
2029	$ 15

BUSINESS SEGMENT INFORMATION -

BUSINESS SEGMENT INFORMATION - Schedule of Business Segments (Details) $ in Millions		12 Months Ended
		Jun. 29, 2024 USD ($) segment	Jul. 01, 2023 USD ($)	Jul. 02, 2022 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment		3
Segment Reporting Information [Line Items]
Sales		$ 78,844	$ 76,325	$ 68,636
Operating income		3,202	3,039	2,346
Interest expense		607	527	624
Other expense (income), net	[1]	30	227	(25)
Earnings before income taxes		2,565	2,285	1,747
Depreciation and amortization		873	776	773
Capital expenditures		832	793	633
Assets		24,917	22,821	22,086
U.S. Foodservice Operations
Segment Reporting Information [Line Items]
Sales		55,339	53,683	48,521
International Foodservice Operations
Segment Reporting Information [Line Items]
Sales		14,561	13,560	11,787
SYGMA
Segment Reporting Information [Line Items]
Sales		7,768	7,843	7,246
Other
Segment Reporting Information [Line Items]
Sales		1,176	1,239	1,082
Operating
Segment Reporting Information [Line Items]
Sales		78,844	76,325	68,636
Operating income		4,160	4,014	3,295
Depreciation and amortization		789	695	687
Capital expenditures		711	636	457
Assets		21,589	20,315	17,527
Operating | U.S. Foodservice Operations
Segment Reporting Information [Line Items]
Sales		55,339	53,683	48,521
Operating income		3,673	3,587	3,181
Depreciation and amortization		499	437	407
Capital expenditures		366	389	262
Assets		12,505	11,398	9,541
Operating | International Foodservice Operations
Segment Reporting Information [Line Items]
Sales		14,561	13,560	11,787
Operating income		375	314	100
Depreciation and amortization		247	218	240
Capital expenditures		289	193	155
Assets		7,545	7,433	6,596
Operating | SYGMA
Segment Reporting Information [Line Items]
Sales		7,768	7,843	7,246
Operating income		72	56	(3)
Depreciation and amortization		33	32	31
Capital expenditures		21	31	35
Assets		923	840	835
Operating | Other
Segment Reporting Information [Line Items]
Sales		1,176	1,239	1,082
Operating income		40	57	17
Depreciation and amortization		10	8	9
Capital expenditures		35	23	5
Assets		616	644	555
Corporate
Segment Reporting Information [Line Items]
Operating income		(958)	(975)	(949)
Depreciation and amortization		84	81	86
Capital expenditures		121	157	176
Assets		$ 3,328	$ 2,506	$ 4,559
[1] Sysco’s second quarter of fiscal 2023 included a charge of $315 million in other expense related to pension settlement charges. See Note 14, “Company-Sponsored Employee Benefit Plans.” Sysco’s fourth quarter of fiscal 2023 included $122 million in other income related to a legacy litigation financing agreement. See Note 20, “Commitments and Contingencies.”

BUSINESS SEGMENT INFORMATION _2

BUSINESS SEGMENT INFORMATION - Schedule of Geographic Area Revenue and Long-Lived Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jul. 02, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	$ 78,844	$ 76,325	$ 68,636
Plant and equipment at cost, less accumulated depreciation:	5,497	4,915	4,456
Operating lease right-of-use assets, net	923	732	723
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	63,931	62,404	56,511
Plant and equipment at cost, less accumulated depreciation:	4,165	3,721	3,346
Operating lease right-of-use assets, net	487	338	317
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	5,993	5,828	5,094
Plant and equipment at cost, less accumulated depreciation:	364	335	337
Operating lease right-of-use assets, net	88	28	39
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	3,760	3,340	2,859
Plant and equipment at cost, less accumulated depreciation:	369	298	249
Operating lease right-of-use assets, net	194	197	193
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	1,712	1,591	1,413
Plant and equipment at cost, less accumulated depreciation:	308	300	304
Operating lease right-of-use assets, net	59	65	78
Sweden
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating lease right-of-use assets, net	32	37	38
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	3,448	3,162	2,759
Plant and equipment at cost, less accumulated depreciation:	291	261	220
Operating lease right-of-use assets, net	$ 63	$ 67	$ 58