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SYSCO CORPORATION-Form10-K76
PARTII
ITEM8Financial Statements and Supplementary Data
The following table provides information about the company’s contributions to individually signi cant plans:
•The “Sysco Contributions” columns provide contribution amounts based on Sysco’s  scal years, which may not coincide with the plans’  scal years.
•
The “Sysco 5% of Total Plan Contributions” columns indicate whether Sysco was listed in the plan’s most recently  led Form 5500s as providing more
than  ve percent of the total contributions to the plan, and the plan year-end is noted. As of August 13, 2014, Form 5500s were not available for plan
years ending December 31, 2013.
Pension Fund
(Inthousands)
Sysco Contributions
Sysco 5% of Total Plan
Contributions
2014 2013 2012
Year Ending
12/31/12
Year Ending
12/31/11
Western Conference of Teamsters Pension Plan $ 21,893 $ 20,561 $ 19,829 No No
Teamsters Pension Trust Fund of Philadelphia and Vicinity 1,977 2,256 2,227 No No
NewYork State Teamsters Conference Pension and
Retirement Fund
1,444 1,399 1,395 No No
Truck Drivers and Helpers Local Union No. 355
Retirement Pension Fund
1,874 1,624 1,490 Yes Yes
Minneapolis Food Distributing Industry Pension Plan 3,214 2,976 4,556 Yes Yes
For all of the plans noted in the table above, minimum contributions outside of the agreed upon contractual rate are not required.
Other Postretirement Bene t Plans
In addition to the contributions to the de ned bene t pension plans described above, Sysco also contributes to several multiemployer plans that provide
other postretirement bene ts based on obligations arising under collective bargaining agreements covering union-represented employees. These plans may
provide medical, pharmacy, dental, vision, mental health and other bene ts to active employees and retirees as determined by the trustees of each plan.
Sysco contributed to these plans $29.7 million in  scal 2014, $30.6 million in  scal 2013 and $25.5 million in  scal 2012. There have been no signi cant
changes that affect the comparability of  scal 2014,  scal 2013 and  scal 2012 contributions.
NOTE16 Earnings Per Share
Basic earnings per share has been computed by dividing net earnings by the weighted average number of shares of common stock outstanding for each
respective year. Diluted earnings per share has been computed by dividing net earnings by the weighted average number of shares of common stock
outstanding during those respective years adjusted for the dilutive effect of share-based awards outstanding using the treasury stock method.
A reconciliation of the numerators and the denominators of the basic and diluted earnings per share computations for the periods presented follows:
(Inthousands, except for share and per share data)
2014 2013 2012
Numerator:
Net earnings $ 931,533 $ 992,427 $ 1,121,585
Denominator:
Weighted-average basicshares outstanding 585,988,084 589,397,807 587,726,343
Dilutive effect of share-based awards 4,228,136 3,277,303 1,265,098
Weighted-average dilutedshares outstanding 590,216,220 592,675,110 588,991,441
BASIC EARNINGS PER SHARE: $ 1.59 $ 1.68 $ 1.91
DILUTED EARNINGS PER SHARE: $ 1.58 $ 1.67 $ 1.90
The number of options that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately
2,100,000, 18,200,000 and 49,100,000 for  scal 2014, 2013 and 2012, respectively.
Dividends declared were $673.6 million, $654.9 million and $628.0 million in  scal 2014, 2013 and 2012, respectively. Included in dividends declared for
each year were dividends declared but not yet paid at year-end of approximately $171.6 million, $165.8 million and $159.4 million in  scal 2014, 2013
and 2012, respectively.