| Schedule of debt |
Sysco’s debt consists of the following: | | | | | | | | | | July 2, 2016 | | Jun. 27, 2015 | | (In thousands) | Senior notes, interest at 5.25%, maturing in fiscal 2018 (1) | $ | 506,456 |
| | $ | 502,608 |
| Senior notes, interest at 5.375%, maturing in fiscal 2019 (1) | 249,141 |
| | 248,824 |
| Senior notes, interest at 2.60%, maturing in fiscal 2022 (1) | 445,026 |
| | 444,212 |
| Debentures, interest at 7.16%, maturing in fiscal 2027 (2) | 50,000 |
| | 50,000 |
| Debentures, interest at 6.50%, maturing in fiscal 2029 (1) | 223,716 |
| | 223,610 |
| Senior notes, interest at 5.375%, maturing in fiscal 2036 (1) | 496,932 |
| | 496,775 |
| Senior notes, interest at 6.625%, maturing in fiscal 2039 (1) | 244,655 |
| | 244,415 |
| Senior notes, interest at 2.60%, maturing in fiscal 2021 (1) | 762,227 |
| | — |
| Senior notes, interest at 3.75%, maturing in fiscal 2026 (1) | 746,023 |
| | — |
| Senior notes, interest at 4.85%, maturing in fiscal 2046 (1) | 495,395 |
| | — |
| Senior notes, interest at 1.90%, maturing in fiscal 2019 (1) | 502,151 |
| | — |
| Senior notes, interest at 2.50%, maturing in fiscal 2022 (1) | 506,484 |
| | — |
| Senior notes, interest at 3.30%, maturing in fiscal 2027 (1) | 990,603 |
| | — |
| Senior notes, interest at 4.50%, maturing in fiscal 2046 (1) | 493,897 |
| | — |
| Senior notes, interest at 1.25%, maturing in fiscal 2023 (1) | 552,391 |
| | — |
| Senior notes, interest at 1.45%, maturing in fiscal 2018 (1), (3) | — |
| | 500,801 |
| Senior notes, interest at 2.35%, maturing in fiscal 2020 (1), (3) | — |
| | 752,070 |
| Senior notes, interest at 3.00%, maturing in fiscal 2022 (1), (3) | — |
| | 745,136 |
| Senior notes, interest at 3.50%, maturing in fiscal 2025 (1), (3) | — |
| | 1,239,116 |
| Senior notes, interest at 4.35%, maturing in fiscal 2035 (1), (3) | — |
| | 742,664 |
| Senior notes, interest at 4.50%, maturing in fiscal 2045 (1), (3) | — |
| | 981,813 |
| Notes payable, capital leases, and other debt, interest averaging 3.12% and maturing at various dates to fiscal 2025 as of July 2, 2016 and 2.81% and maturing at various dates to fiscal 2026 as of June 27, 2015 | 170,305 |
| | 149,833 |
| Total debt | 7,435,402 |
| | 7,321,877 |
| Less current maturities of long-term debt | (8,909 | ) | | (4,979,301 | ) | Less notes payable | (89,563 | ) | | (70,751 | ) | Net long-term debt | $ | 7,336,930 |
| | $ | 2,271,825 |
|
(1) Represents senior notes that are unsecured, are not subject to any sinking fund requirement and include a redemption provision that allows Sysco to retire the debentures and notes at any time prior to maturity at the greater of par plus accrued interest or an amount designed to ensure that the debenture and note holders are not penalized by the early redemption. (2) This debenture is not subject to any sinking fund requirement and is no longer redeemable prior to maturity. (3) Represents senior notes that were redeemed in July 2015 under a mandatory redemption feature. On September 28, 2015, Sysco issued senior notes totaling $2.0 billion. Details of the senior notes are as follows: | | | | | | | | | | | | Maturity Date | | Par Value (in thousands) | | Coupon Rate | | Pricing (percentage of par) | October 1, 2020 | | $ | 750,000 |
| | 2.60 | % | | 99.809 | % | October 1, 2025 | | 750,000 |
| | 3.75 |
| | 100.000 |
| October 1, 2045 | | 500,000 |
| | 4.85 |
| | 99.921 |
|
Details of the senior notes are as follows: | | | | | | | | | | | | Maturity Date | | Par Value (in thousands) | | Coupon Rate | | Pricing (percentage of par) | April 1, 2019 | | $ | 500,000 |
| | 1.90 | % | | 99.945 | % | July 15, 2021 | | 500,000 |
| | 2.50 |
| | 99.948 |
| July 15, 2026 | | 1,000,000 |
| | 3.30 |
| | 99.623 |
| April 1, 2046 | | 500,000 |
| | 4.50 |
| | 99.657 |
|
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