SYY · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

SYSCO CORP · 2026-11-04 · Importance 56 · Surprise 24 · From source text

Sysco held $3.2 billion in cash and cash equivalents as of September 26, 2026, with approximately 24% held by international subsidiaries, and stated that cash flows, available facilities, and capital-market access would cover anticipated needs for more than 12 months. The company issued C$1.5 billion of CAD-denominated senior notes, approximately US$1.1 billion, on September 25, 2026; $12.2 billion of senior notes, debentures, and revolving-credit borrowings were guaranteed by U.S. Broadline subsidiaries. Sysco also purchased $135 million of marketable securities for a restricted captive-insurance portfolio. Operating cash flow was $278 million, including a $277 million favorable year-over-year working-capital comparison, primarily from inventory and receivables.

Key facts

• As of September 26, 2026, $12.2 billion of Sysco senior notes, debentures, and long-term revolving-credit-facility borrowings were guaranteed by its U.S. Broadline subsidiary guarantors. source
• Sysco and Sysco Holdings co-issued two series of CAD-denominated senior notes with aggregate principal of C$1.5 billion, approximately US$1.1 billion, on September 25, 2026. source
• Other noncurrent assets of the combined parent and guarantor subsidiaries were $5,631 million and $5,459 million in the two presented periods. source
• Long-term debt of the combined parent and guarantor subsidiaries was $12,286 million and $12,115 million in the two presented periods. source
• Sysco's level of indebtedness and the terms of its indebtedness could adversely affect its business and liquidity position. source
• Sysco purchased $135 million of marketable securities in the first 13 weeks of fiscal 2027 and made no such purchases in the first 13 weeks of fiscal 2026; the securities are held in a restricted portfolio by its wholly owned captive insurance subsidiary. source
• Sysco held $3.2 billion in cash and cash equivalents as of September 26, 2026, approximately 24% of which was held by international subsidiaries. source
• Sysco expects operating cash flow, liquidity under its commercial paper programs and revolving credit facility, and access to financial markets to cover anticipated cash requirements for more than 12 months while maintaining liquidity for normal operations. source

Impact estimates