Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name SYSCO CORP
CIK 0000096021
Accession number 0000096021-14-000040
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/96021/000009602114000040/syy-20140628.xml
Fiscal year end --06-28
Fiscal year focus 2014
Fiscal period focus FY
Current balance sheet date 2014-06-28
Current year-to-date income statement start date 2013-06-30
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 28, 2014

 

June 29, 2013

 

 

(In thousands)

Deferred tax liabilities:

 

 

 

 

 

 

Excess tax depreciation and basis differences of assets

 

$
416,417 

 

$
455,752 

Goodwill and intangible assets

 

 
211,434 

 

 
208,229 

Other

 

 
15,171 

 

 
18,127 

Total deferred tax liabilities

 

 
643,022 

 

 
682,108 

Deferred tax assets:

 

 

 

 

 

 

Net operating tax loss carryforwards

 

 
20,123 

 

 
19,149 

Benefit on unrecognized tax benefits

 

 
22,170 

 

 
23,833 

Pension

 

 
287,046 

 

 
224,990 

Share-based compensation

 

 
41,262 

 

 
39,316 

Deferred compensation

 

 
33,280 

 

 
34,951 

Self-insured liabilities

 

 
65,002 

 

 
47,538 

Receivables

 

 
47,688 

 

 
48,236 

Inventory

 

 
62,799 

 

 
63,509 

Cash flow hedge

 

 
56,826 

 

 
5,815 

Other

 

 
26,471 

 

 
44,760 

Total deferred tax assets

 

 
662,667 

 

 
552,097 

Total net deferred tax (assets) liabilities

 

$
(19,645)

 

$
130,011 

 

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 662,667,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance 0
Deferred tax assets, net 662,667,000
Deferred tax liabilities -643,022,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 19,645,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 141,225,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -121,580,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 19,645,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 662,667,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -643,022,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 19,645,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

*

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