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SYSCO CORPORATION-Form10-K 43
PARTII
ITEM8Financial Statements and Supplementary Data
Assuming that fuel prices do not rise signi cantly over recent levels during  scal 2014, fuel costs, exclusive of any amounts recovered through fuel
surcharges, are expected to increase by approximately $10 to $20million as compared to  scal 2013. Our estimate is based upon current, published
quarterly market price projections for diesel, the cost committed to in our forward fuel purchase agreements currently in place for  scal 2014 and estimates
of fuel consumption. Actual fuel costs could vary from our estimates if any of these assumptions change, in particular if future fuel prices vary signi cantly
from our current estimates. A 10% unfavorable change in diesel prices from the market price used in our estimates above would result in a potential
increase of $20million to $30million.
Investment Risk
Our company-sponsored quali ed pensionplan (Retirement Plan) holds investments in public and private equity,  xed income securities and real estate
funds. The amount of our annual contribution to the plan is dependent upon, among other things, the return on the plan’s assets and discount rates used to
calculate the plan’s liability. Fluctuations in asset values can cause the amount of our anticipated future contributions to the plan to increaseand can result
in a reduction to shareholders’ equity on our balance sheet as of  scal year-end, which is when this plan’s funded status is measured. Also, the projected
liability of the plan will be impacted by the  uctuations of interest rates on high quality bonds in the public markets. To the extent the  nancial markets
experience declines, our anticipated future contributions and funded status will be affected for future years. A 10% unfavorable change in the value of the
investments held by our company-sponsored Retirement Plan at the plan’s  scal year end (December31,2012) would not have a material impact on our
anticipated future contributions for  scal 2014; however, this unfavorable change would increase our pension expense for  scal 2014 by $26.8million and
would reduce our shareholders’ equity on our balance sheet as of June29,2013 by $155.1million.
ITEM8 Financial Statements and Supplementary Data
Sysco Corporation and Subsidiaries Index to Consolidated Financial Statements
Consolidated Financial Statements:
Report of Management on Internal Control OverFinancial Reporting .....................................................................................................................................................................44
Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting .............................................................45
Report of Independent Registered Public Accounting Firm on Consolidated Financial Statements ............................................................................... 46
Consolidated Balance Sheets .......................................................................................................................................................................................................................................................................................47
Consolidated Results of Operations .....................................................................................................................................................................................................................................................................48
Consolidated Statements of Comprehensive Income....................................................................................................................................................................................................................48
Changes in Consolidated Shareholders’ Equity.....................................................................................................................................................................................................................................49
Consolidated Cash Flows ...................................................................................................................................................................................................................................................................................................50
Notes to Consolidated Financial Statements ............................................................................................................................................................................................................................................ 51
All schedules are omitted because they are not applicable or the information is set forth in the consolidated  nancial statements or notes thereto.