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SYSCO CORPORATION-Form10-K54
PARTII
ITEM8Financial Statements and Supplementary Data
Changes in Consolidated Shareholders’ Equity
(In thousands except for
share data)
Common Stock
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Treasury Stock
TotalsShares Amount Shares Amounts
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
Net earnings 1,121,585 1,121,585
Foreign currency
translation adjustment (81,003) (81,003)
Amortization of cash  ow
hedges, net of tax 426 426
Settlement of cash  ow
hedge, net of tax 445 445
Reclassi cation of pension
and other postretirement
bene t plans amounts to
net earnings, net of tax 40,046 40,046
Pension funded status
adjustment, net of tax (362,822) (362,822)
Dividends declared (628,024) (628,024)
Treasury stock purchases 10,000,000 (272,299) (272,299)
Share-based
compensation awards 51,425 (4,368,963) 110,019 161,444
BALANCE AS OF
JUNE 30, 2012 765,174,900 $ 765,175 $ 939,179 $ 8,175,230 $ (662,866) 179,228,383 $ (4,531,678) $ 4,685,040
Net earnings 992,427 992,427
Foreign currency
translation adjustment (33,191) (33,191)
Amortization of cash  ow
hedges, net of tax 386 386
Reclassi cation of pension
and other postretirement
bene t plans amounts to
net earnings, net of tax 56,008 56,008
Pension funded status
adjustment, net of tax 192,726 192,726
Dividends declared (654,871) (654,871)
Treasury stock purchases 21,897,403 (729,333) (729,333)
Share-based
compensation awards 120,445 (22,057,356) 562,173 682,618
BALANCE AS OF
JUNE 29, 2013 765,174,900 $ 765,175 $ 1,059,624 $ 8,512,786 $ (446,937) 179,068,430 $ (4,698,838) $ 5,191,810
Net earnings 931,533 931,533
Foreign currency
translation adjustment (3,106) (3,106)
Amortization of cash  ow
hedges, net of tax 385 385
Change in fair value of
cash  ow hedges, net
of tax (82,215) (82,215)
Reclassi cation of pension
and other postretirement
bene t plans amounts to
net earnings, net of tax 16,938 16,938
Pension funded status
adjustment, net of tax (127,728) (127,728)
Dividends declared (673,568) (673,568)
Treasury stock purchases 9,834,000 (324,665) (324,665)
Share-based
compensation awards 79,594 (9,852,244) 257,717 337,311
BALANCE AS OF
JUNE 28, 2014 765,174,900 $ 765,175 $
1,139,218 $ 8,770,751 $ (642,663) 179,050,186 $ (4,765,786) $ 5,266,695
See Notes to Consolidated Financial Statements