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SYSCO
CHANGES IN CONSOLIDATED SHAREHOLDERS’ EQUITY
Shares Amount
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss Shares Amounts Totals
Common Stock Treasury Stock
(In thousands except for share data)
Balance as of June 28, 2008 . . . . 765,174,900 $765,175 $712,208 $6,041,429 $ (68,768) 163,942,358 $4,041,058 $3,408,986
Net earnings . . . . . . . . . . . . . . . 1,055,948 1,055,948
Foreign currency translation
adjustment . . . . . . . . . . . . . . . (84,452) (84,452)
Amortization of cash flow hedge,
netoftax................ 428 428
Reclassification of pension and
other postretirement benefit
plans amounts to net earnings,
net of tax . . . . . . . . . . . . . . . . 13,335 13,335
Pension liability assumption, net
of tax. . . . . . . . . . . . . . . . . . . (16,450) (16,450)
Pension funded status
adjustment, net of tax . . . . . . . (122,079) (122,079)
Comprehensive income . . . . . . . . 846,730
Dividends declared . . . . . . . . . . . (557,487) (557,487)
Treasury stock purchases. . . . . . . 16,951,200 438,842 (438,842)
Share-based compensation
awards . . . . . . . . . . . . . . . . . 48,144 (5,745,155) (142,171) 190,315
Balance as of June 27, 2009 . . . . 765,174,900 $765,175 $760,352 $6,539,890 $(277,986) 175,148,403 $4,337,729 $3,449,702
Net earnings . . . . . . . . . . . . . . . 1,179,983 1,179,983
Foreign currency translation
adjustment . . . . . . . . . . . . . . . 49,973 49,973
Amortization of cash flow hedge,
netoftax................ 428 428
Reclassification of pension and
other postretirement benefit
plans amounts to net earnings,
net of tax . . . . . . . . . . . . . . . . 27,464 27,464
Pension funded status
adjustment, net of tax . . . . . . . (280,130) (280,130)
Comprehensive income . . . . . . . . 977,718
Dividends declared . . . . . . . . . . . (585,734) (585,734)
Treasury stock purchases. . . . . . . 6,000,000 179,174 (179,174)
Share-based compensation
awards . . . . . . . . . . . . . . . . . 56,481 (4,379,608) (108,533) 165,014
Balance as of July 3, 2010 . . . . . . 765,174,900 $765,175 $816,833 $7,134,139 $(480,251) 176,768,795 $4,408,370 $3,827,526
Net earnings . . . . . . . . . . . . . . . 1,152,030 1,152,030
Foreign currency translation
adjustment . . . . . . . . . . . . . . . 122,217 122,217
Amortization of cash flow hedge,
netoftax................ 428 428
Reclassification of pension and
other postretirement benefit
plans amounts to net earnings,
net of tax . . . . . . . . . . . . . . . . 51,659 51,659
Pension funded status
adjustment, net of tax . . . . . . . 45,989 45,989
Comprehensive income . . . . . . . . 1,372,323
Dividends declared . . . . . . . . . . . (604,500) (604,500)
Treasury stock purchases. . . . . . . 10,000,000 291,600 (291,600)
Treasury stock issued for
acquisitions . . . . . . . . . . . . . . (10,625) (422,132) (10,625) —
Share-based compensation
awards . . . . . . . . . . . . . . . . . 81,546 (12,749,317) (319,947) 401,493
Balance as of July 2, 2011 . . . . . . 765,174,900 $765,175 $887,754 $7,681,669 $(259,958) 173,597,346 $4,369,398 $4,705,242
See Notes to Consolidated Financial Statements
43