Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Sysco Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Jun 29, 2024	Mar 30, 2024	Dec 30, 2023	Sep 30, 2023	Jul 1, 2023	Apr 1, 2023	Dec 31, 2022	Oct 1, 2022	Jul 2, 2022	Apr 2, 2022	Jan 1, 2022	Oct 2, 2021	Jul 3, 2021	Mar 27, 2021	Dec 26, 2020	Sep 26, 2020	Jun 27, 2020	Mar 28, 2020	Dec 28, 2019	Sep 28, 2019	Jun 29, 2019	Mar 30, 2019	Dec 29, 2018	Sep 29, 2018
Accounts payable	6,290)	5,869)	5,738)	5,796)	6,026)	5,902)	5,420)	6,018)	5,753)	5,722)	5,019)	5,238)	4,885)	4,221)	3,555)	4,035)	3,447)	3,969)	4,160)	4,247)	4,315)	4,293)	4,230)	4,218)
Accrued expenses	2,226)	2,247)	2,266)	2,177)	2,251)	2,136)	2,129)	2,178)	2,271)	2,012)	1,980)	1,809)	1,815)	1,645)	1,679)	1,698)	1,616)	1,721)	1,687)	1,597)	1,730)	1,664)	1,723)	1,503)
Accrued income taxes	131)	34)	47)	182)	102)	124)	33)	113)	40)	19)	4)	83)	23)	64)	—)	—)	3)	—)	188)	97)	17)	—)	5)	133)
Current operating lease liabilities	125)	123)	119)	110)	99)	95)	104)	94)	106)	113)	95)	107)	103)	112)	108)	109)	107)	103)	104)	103)	—)	—)	—)	—)
Current maturities of long-term debt	469)	93)	85)	189)	63)	723)	702)	556)	581)	507)	496)	500)	495)	966)	1,375)	1,326)	1,544)	832)	794)	58)	41)	543)	792)	787)
Current liabilities	9,241)	8,366)	8,254)	8,454)	8,540)	8,981)	8,389)	8,959)	8,750)	8,372)	7,594)	7,738)	7,320)	7,008)	6,717)	7,168)	6,718)	6,625)	6,932)	6,101)	6,103)	6,500)	6,750)	6,641)
Long-term debt, excluding current maturities	11,513)	12,113)	12,028)	10,704)	10,348)	10,258)	10,350)	10,263)	10,067)	10,609)	10,593)	10,645)	10,588)	11,741)	12,463)	12,423)	12,902)	10,023)	8,093)	8,638)	8,122)	8,134)	8,020)	7,914)
Deferred income taxes	345)	313)	304)	300)	303)	212)	232)	242)	250)	196)	161)	172)	147)	49)	48)	54)	87)	129)	142)	179)	172)	220)	234)	277)
Long-term operating lease liabilities	838)	791)	737)	696)	656)	633)	634)	629)	636)	702)	659)	672)	634)	586)	564)	545)	523)	543)	562)	546)	—)	—)	—)	—)
Other long-term liabilities	1,089)	995)	979)	959)	932)	1,009)	1,013)	971)	968)	1,090)	1,166)	1,168)	1,136)	1,228)	1,236)	1,217)	1,205)	1,052)	1,082)	1,005)	1,031)	950)	988)	1,034)
Long-term liabilities	13,785)	14,213)	14,049)	12,658)	12,239)	12,113)	12,229)	12,105)	11,921)	12,597)	12,579)	12,657)	12,506)	13,605)	14,311)	14,240)	14,718)	11,747)	9,878)	10,367)	9,325)	9,304)	9,241)	9,226)
Total liabilities	23,026)	22,579)	22,303)	21,112)	20,779)	21,094)	20,617)	21,064)	20,671)	20,969)	20,173)	20,395)	19,826)	20,613)	21,027)	21,408)	21,435)	18,372)	16,810)	16,469)	15,428)	15,804)	15,991)	15,867)
Noncontrolling interest	31)	33)	33)	35)	33)	33)	33)	31)	32)	33)	33)	34)	35)	34)	36)	34)	34)	32)	34)	33)	35)	35)	35)	37)
Preferred stock, par value $1 per share, issued none	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, par value $1 per share	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)	765)
Paid-in capital	1,908)	1,847)	1,877)	1,839)	1,815)	1,785)	1,774)	1,754)	1,766)	1,737)	1,690)	1,655)	1,620)	1,595)	1,565)	1,534)	1,507)	1,529)	1,526)	1,491)	1,457)	1,425)	1,465)	1,438)
Retained earnings	12,260)	11,899)	11,724)	11,561)	11,311)	10,830)	10,649)	10,757)	10,540)	10,280)	10,217)	10,288)	10,152)	10,242)	10,383)	10,547)	10,563)	11,407)	11,640)	11,487)	11,230)	10,894)	10,655)	10,592)
Accumulated other comprehensive loss	(1,339)	(1,231)	(1,190)	(1,327)	(1,253)	(1,281)	(1,325)	(1,711)	(1,482)	(1,299)	(1,236)	(1,218)	(1,149)	(1,352)	(1,388)	(1,612)	(1,711)	(1,666)	(1,566)	(1,675)	(1,600)	(1,483)	(1,524)	(1,451)
Treasury stock at cost	(11,734)	(11,179)	(10,773)	(10,712)	(10,629)	(10,524)	(10,427)	(10,450)	(10,207)	(10,162)	(10,215)	(9,817)	(9,835)	(9,853)	(9,899)	(9,934)	(9,966)	(10,007)	(9,837)	(9,612)	(9,350)	(9,239)	(9,193)	(8,706)
Shareholders’ equity	1,860)	2,101)	2,404)	2,126)	2,009)	1,575)	1,437)	1,115)	1,382)	1,321)	1,221)	1,673)	1,553)	1,396)	1,427)	1,300)	1,159)	2,029)	2,528)	2,455)	2,503)	2,362)	2,168)	2,639)
Total liabilities and shareholders’ equity	24,917)	24,712)	24,741)	23,273)	22,821)	22,702)	22,087)	22,211)	22,086)	22,324)	21,427)	22,103)	21,414)	22,043)	22,490)	22,742)	22,628)	20,432)	19,372)	18,957)	17,967)	18,201)	18,194)	18,542)

Accounts payable: The accounts payable values exhibit some volatility over the periods, initially declining from $4,218 million in late 2018 to $3,447 million in mid-2020, followed by a general upward trend reaching $6,290 million by mid-2024. This indicates increasing payables in recent periods after a trough during the early COVID-19 pandemic timeframe.
Accrued expenses: Accrued expenses increased steadily from $1,503 million in late 2018 to a peak of $2,271 million in mid-2022. After a slight decline and fluctuation around the $2,200 million mark, the value stabilizes near $2,200 million in 2023 and mid-2024, suggesting steady operational accruals.
Accrued income taxes: The accrued income taxes show irregular and erratic behavior, with frequent gaps and large fluctuations ranging from negligible amounts early on to as high as $182 million in late 2023. This reflects inconsistent tax accruals, likely influenced by variable tax obligations or timing differences.
Current operating lease liabilities: Current operating lease liabilities, introduced starting late 2019, remained relatively stable between $95 million and $125 million, with minor fluctuations typical for operating lease obligations.
Current maturities of long-term debt: Current maturities of long-term debt vary significantly with no clear trend. Notably, values spike to over $1,500 million in mid-2020, likely representing scheduled debt repayments, before declining sharply in subsequent quarters. The late 2023 value of $469 million suggests reduced near-term debt obligations.
Current liabilities: Current liabilities overall exhibit a fluctuating but upward trajectory, increasing from approximately $6,641 million in late 2018 to $9,241 million by mid-2024. Key drivers include spikes in accounts payable and accrued expenses.
Long-term debt, excluding current maturities: Long-term debt shows a notable increase starting in 2020, rising from around $8,000 million pre-pandemic to a peak exceeding $12,000 million in late 2023, before a modest reduction in mid-2024. This indicates significant debt financing activity, perhaps linked to strategic investments or liquidity management.
Deferred income taxes: Deferred income taxes decline from $277 million in 2018 to a low of $48 million at the end of 2019 but then increase steadily thereafter, reaching $345 million by mid-2024. This growth toward the end of the period could reflect timing differences in tax recognition or changes in tax assets or liabilities.
Long-term operating lease liabilities: Long-term operating lease liabilities stabilize after introduction in late 2019, fluctuating moderately between approximately $530 million and $840 million, showing a slight upward trend by mid-2024, indicating ongoing lease commitments.
Other long-term liabilities: Other long-term liabilities remain relatively stable with minor fluctuations between $900 million and $1,200 million. The absence of significant spikes suggests consistent other obligations over the period.
Long-term liabilities: Long-term liabilities grow substantially from around $9,200 million in late 2018 to a peak of over $14,000 million by late 2023, with a slight decline in mid-2024. This increase corresponds closely with the rise in long-term debt, indicating increased financing needs over time.
Total liabilities: Total liabilities trend upward from approximately $15,867 million in late 2018 to over $23,000 million in mid-2024, reflecting both growing current and long-term obligations. Periods of sharper increases coincide with rising debt and payables.
Noncontrolling interest: Noncontrolling interest remains minimal and stable, fluctuating narrowly between $31 million and $37 million, indicating negligible minority shareholder stakes or changes therein.
Common stock: The common stock value remains constant at $765 million throughout the entire period, indicating no new common stock issuances or retirements.
Paid-in capital: Paid-in capital shows a consistent upward trend from $1,438 million to approximately $1,908 million by mid-2024, reflecting possible capital contributions or share-based payments increasing equity financing.
Retained earnings: Retained earnings increase steadily from $10,592 million in late 2018 to nearly $12,260 million by mid-2024, signifying cumulative profitability despite some declines around early 2020, likely due to pandemic-related impacts.
Accumulated other comprehensive loss: This item fluctuates negatively throughout the timeframe, with values ranging roughly from -$1,700 million to -$1,200 million. There is no clear improving trend, indicating persistent comprehensive losses, potentially from foreign currency translation and other comprehensive income components.
Treasury stock at cost: Treasury stock shows a steady increase in magnitude (negative amounts growing from about -$8,700 million to -$11,700 million), indicating ongoing share repurchases and reduction of outstanding shares.
Shareholders’ equity: Shareholders' equity experiences fluctuations, declining sharply from $2,639 million in late 2018 to as low as $1,159 million in mid-2020, before recovering to over $2,400 million by late 2023 and slightly declining again thereafter. This volatility aligns with treasury stock increases and changes in retained earnings.
Total liabilities and shareholders’ equity: The total sums of liabilities plus equity increase from $18,542 million in late 2018 to $24,917 million by mid-2024, reflecting growth in the overall balance sheet size driven primarily by liabilities expansion.

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Sysco Corp. (NYSE:SYY)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data