2022 Q1 Form 10-K Financial Statement

#000166591822000008 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q1
Revenue $7.639B $29.49B $6.138B
YoY Change 24.45% 28.85% -3.17%
Cost Of Revenue $6.397B $24.83B $5.130B
YoY Change 24.7% 29.56% -2.71%
Gross Profit $1.242B $4.655B $1.008B
YoY Change 23.21% 25.17% -5.44%
Gross Profit Margin 16.26% 15.79% 16.42%
Selling, General & Admin $1.094B $4.220B $959.0M
YoY Change 14.08% 12.32% -19.55%
% of Gross Profit 88.08% 90.66% 95.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $92.00M $378.0M $106.0M
YoY Change -13.21% -10.43% 4.95%
% of Gross Profit 7.41% 8.12% 10.52%
Operating Expenses $1.094B $4.231B $978.0M
YoY Change 11.86% 11.46% -17.95%
Operating Profit $148.0M $424.0M $30.00M
YoY Change 393.33% -650.65% -123.81%
Interest Expense -$55.00M $213.0M -$60.00M
YoY Change -8.33% -10.5% -215.38%
% of Operating Profit -37.16% 50.24% -200.0%
Other Income/Expense, Net $7.000M $26.00M $5.000M
YoY Change 40.0% 23.81% -16.67%
Pretax Income $89.00M $214.0M -$25.00M
YoY Change -456.0% -172.79% -85.47%
Income Tax $20.00M $50.00M -$15.00M
% Of Pretax Income 22.47% 23.36%
Net Earnings $69.00M $164.0M -$10.00M
YoY Change -790.0% -172.57% -92.42%
Net Earnings / Revenue 0.9% 0.56% -0.16%
Basic Earnings Per Share $0.55
Diluted Earnings Per Share $306.7K $0.54 -$45.45K
COMMON SHARES
Basic Shares Outstanding 223.0M shares 222.0M shares 221.1M shares
Diluted Shares Outstanding 225.0M shares

Balance Sheet

Concept 2022 Q1 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $148.0M $148.0M $828.0M
YoY Change -82.13% -82.13% -23.12%
Cash & Equivalents $148.0M $148.0M $828.0M
Short-Term Investments
Other Short-Term Assets $18.00M $119.0M $26.00M
YoY Change -30.77% -25.16% 8.33%
Inventory $1.686B $1.686B $1.273B
Prepaid Expenses $120.0M $132.0M
Receivables $1.500B $1.496B $1.100B
Other Receivables $145.0M $145.0M $121.0M
Total Short-Term Assets $3.594B $3.594B $3.465B
YoY Change 3.72% 3.72% -11.67%
LONG-TERM ASSETS
Property, Plant & Equipment $2.033B $2.308B $2.021B
YoY Change 0.59% 0.13% -3.99%
Goodwill $5.625B $5.637B
YoY Change -0.21% 19.23%
Intangibles $830.0M $892.0M
YoY Change -6.95% -5.91%
Long-Term Investments
YoY Change
Other Assets $431.0M $138.0M $407.0M
YoY Change 5.9% 11.29% 49.08%
Total Long-Term Assets $8.927B $8.927B $8.958B
YoY Change -0.35% -0.35% 11.13%
TOTAL ASSETS
Total Short-Term Assets $3.594B $3.594B $3.465B
Total Long-Term Assets $8.927B $8.927B $8.958B
Total Assets $12.52B $12.52B $12.42B
YoY Change 0.79% 0.79% 3.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.662B $1.662B $1.218B
YoY Change 36.45% 36.45% -6.24%
Accrued Expenses $610.0M $384.0M $497.0M
YoY Change 22.74% 20.75% 17.49%
Deferred Revenue
YoY Change
Short-Term Debt $183.0M $183.0M $136.0M
YoY Change 34.56% 34.56% -14.47%
Long-Term Debt Due $95.00M $95.00M $131.0M
YoY Change -27.48% -27.48% -10.27%
Total Short-Term Liabilities $2.550B $2.550B $1.982B
YoY Change 28.66% 28.66% -2.22%
LONG-TERM LIABILITIES
Long-Term Debt $4.916B $4.916B $5.617B
YoY Change -12.48% -12.48% -2.63%
Other Long-Term Liabilities $479.0M $479.0M $505.0M
YoY Change -5.15% -5.15% 62.9%
Total Long-Term Liabilities $479.0M $5.395B $505.0M
YoY Change -5.15% -11.88% 62.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.550B $2.550B $1.982B
Total Long-Term Liabilities $479.0M $5.395B $505.0M
Total Liabilities $8.252B $8.252B $8.374B
YoY Change -1.46% -1.46% -0.33%
SHAREHOLDERS EQUITY
Retained Earnings $782.0M $661.0M
YoY Change 18.31% -15.58%
Common Stock $2.972B $2.903B
YoY Change 2.38% 1.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $3.735B $4.269B $3.530B
YoY Change
Total Liabilities & Shareholders Equity $12.52B $12.52B $12.42B
YoY Change 0.79% 0.79% 3.66%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q1
OPERATING ACTIVITIES
Net Income $69.00M $164.0M -$10.00M
YoY Change -790.0% -172.57% -92.42%
Depreciation, Depletion And Amortization $92.00M $378.0M $106.0M
YoY Change -13.21% -10.43% 4.95%
Cash From Operating Activities -$101.0M $419.0M -$120.0M
YoY Change -15.83% 1.45% 93.55%
INVESTING ACTIVITIES
Capital Expenditures -$101.0M $274.0M -$35.00M
YoY Change 188.57% 44.97% -144.3%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $5.000M $12.00M $12.00M
YoY Change -58.33% -101.3% 140.0%
Cash From Investing Activities -$96.00M -$262.0M -$23.00M
YoY Change 317.39% -76.4% -68.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -426.0M -$837.0M -48.00M
YoY Change 787.5% -158.65% -104.27%
NET CHANGE
Cash From Operating Activities -101.0M $419.0M -120.0M
Cash From Investing Activities -96.00M -$262.0M -23.00M
Cash From Financing Activities -426.0M -$837.0M -48.00M
Net Change In Cash -623.0M -$680.0M -191.0M
YoY Change 226.18% -193.15% -119.35%
FREE CASH FLOW
Cash From Operating Activities -$101.0M $419.0M -$120.0M
Capital Expenditures -$101.0M $274.0M -$35.00M
Free Cash Flow $0.00 $145.0M -$85.00M
YoY Change -100.0% -35.27% -39.72%

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CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
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CY2021 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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218000000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019 us-gaap Net Income Loss
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CY2021Q1 us-gaap Stockholders Equity
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48000000 USD
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2022 us-gaap Dividends Preferred Stock
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CY2022 us-gaap Net Income Loss
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CY2022Q1 us-gaap Stockholders Equity
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss
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CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2019 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 us-gaap Amortization Of Financing Costs
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CY2021 us-gaap Amortization Of Financing Costs
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2019 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Inventories
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CY2019 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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30000000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 usfd Increase Decrease In Accounts Payable And Bank Checks Outstanding
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471000000 USD
CY2021 usfd Increase Decrease In Accounts Payable And Bank Checks Outstanding
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CY2019 usfd Increase Decrease In Accounts Payable And Bank Checks Outstanding
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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413000000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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760000000 USD
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2022 us-gaap Proceeds From Divestiture Of Businesses
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CY2021 us-gaap Proceeds From Divestiture Of Businesses
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7000000 USD
CY2019 us-gaap Proceeds From Divestiture Of Businesses
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CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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274000000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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258000000 USD
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Proceeds From Other Debt
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CY2021 us-gaap Proceeds From Other Debt
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CY2019 us-gaap Proceeds From Other Debt
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CY2022 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2021 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2019 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2022 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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CY2021 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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CY2019 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2019 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2022 us-gaap Payments Of Financing Costs
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CY2021 us-gaap Payments Of Financing Costs
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CY2019 us-gaap Payments Of Financing Costs
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CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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20000000 USD
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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18000000 USD
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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19000000 USD
CY2022 us-gaap Proceeds From Stock Options Exercised
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15000000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
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CY2019 us-gaap Proceeds From Stock Options Exercised
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19000000 USD
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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5000000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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5000000 USD
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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1427000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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1220000000 USD
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
730000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
828000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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105000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
828000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98000000 USD
CY2022 us-gaap Interest Paid Net
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185000000 USD
CY2021 us-gaap Interest Paid Net
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216000000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
173000000 USD
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1000000 USD
CY2021 usfd Property And Equipment Transferred To Assets Held For Sale
PropertyAndEquipmentTransferredToAssetsHeldForSale
24000000 USD
CY2019 usfd Property And Equipment Transferred To Assets Held For Sale
PropertyAndEquipmentTransferredToAssetsHeldForSale
0 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
137000000 USD
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
40000000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
21000000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
49000000 USD
CY2022 usfd Property And Equipment Transferred To Assets Held For Sale
PropertyAndEquipmentTransferredToAssetsHeldForSale
11000000 USD
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
56000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
73000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
86000000 USD
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
32000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
48000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
39000000 USD
CY2022 usfd Cashless Exercise Of Equity Awards
CashlessExerciseOfEquityAwards
1000000 USD
CY2021 usfd Cashless Exercise Of Equity Awards
CashlessExerciseOfEquityAwards
0 USD
CY2019 usfd Cashless Exercise Of Equity Awards
CashlessExerciseOfEquityAwards
1000000 USD
CY2022 us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
15000000 USD
CY2021 us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
28000000 USD
CY2019 us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
0 USD
CY2022 us-gaap Number Of Reportable Segments
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1 segment
CY2022 us-gaap Use Of Estimates
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The Company's consolidated financial statements are prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”). This requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</span>
CY2022 usfd Accounts Receivable Collection Period
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P30D
CY2022Q1 us-gaap Inventory Lifo Reserve
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342000000 USD
CY2021Q1 us-gaap Inventory Lifo Reserve
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177000000 USD
CY2022 usfd Increase Decrease In Cost Of Goods Sold Due To Change In Inventory Lifo Reserve
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165000000 USD
CY2021 usfd Increase Decrease In Cost Of Goods Sold Due To Change In Inventory Lifo Reserve
IncreaseDecreaseInCostOfGoodsSoldDueToChangeInInventoryLIFOReserve
25000000 USD
CY2019 usfd Increase Decrease In Cost Of Goods Sold Due To Change In Inventory Lifo Reserve
IncreaseDecreaseInCostOfGoodsSoldDueToChangeInInventoryLIFOReserve
22000000 USD
CY2022 us-gaap Selling Expense
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2000000000 USD
CY2021 us-gaap Selling Expense
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1700000000 USD
CY2019 us-gaap Selling Expense
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1800000000 USD
CY2022 us-gaap Concentration Risk Credit Risk
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration Risks</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash equivalents and accounts receivable. The Company’s cash equivalents are invested primarily in money market funds at major financial institutions. The account balances at these institutions may exceed Federal Deposit Insurance Corporation (“FDIC”) insurance coverage, and as a result, there may be a concentration of risk related to amounts invested in excess of FDIC insurance coverage. Credit risk related to accounts receivable is dispersed across a significantly large number of customers located throughout the U.S. The Company attempts to reduce credit risk through initial and ongoing credit evaluations of its customers’ financial condition. There were no receivables from any one customer representing more than 5% of our consolidated gross accounts receivable as of January 1, 2022.</span>
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1500000000 USD
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1100000000 USD
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29487000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22885000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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25939000000 USD
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CY2021Q1 us-gaap Self Insurance Reserve
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CY2022 us-gaap Short Term Lease Cost
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CY2021 us-gaap Short Term Lease Cost
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CY2019 us-gaap Short Term Lease Cost
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CY2022 us-gaap Variable Lease Cost
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CY2021 us-gaap Variable Lease Cost
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CY2019 us-gaap Variable Lease Cost
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CY2022 us-gaap Lease Cost
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35000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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56000000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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79000000 USD
CY2022Q1 usfd Lessee Operating Lease And Finance Lease Liability Due Next Twelve Months
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135000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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55000000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
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77000000 USD
CY2022Q1 usfd Lessee Operating Lease And Finance Lease Liability Due Year Two
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132000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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40000000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
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60000000 USD
CY2022Q1 usfd Lessee Operating Lease And Finance Lease Liability Due Year Three
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100000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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39000000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
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41000000 USD
CY2022Q1 usfd Lessee Operating Lease And Finance Lease Liability Due Year Four
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80000000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Five
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26000000 USD
CY2022Q1 usfd Lessee Operating Lease And Finance Lease Liability Due Year Five
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61000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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140000000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due After Year Five
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30000000 USD
CY2022Q1 usfd Lessee Operating Lease And Finance Lease Liability Due After Year Five
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170000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
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365000000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due
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313000000 USD
CY2022Q1 usfd Lessee Operating Lease And Finance Lease Liability Due
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678000000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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85000000 USD
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
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21000000 USD
CY2022Q1 usfd Lessee Operating Lease And Finance Lease Undiscounted Excess Amount
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106000000 USD
CY2022Q1 us-gaap Operating Lease Liability
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280000000 USD
CY2022Q1 us-gaap Finance Lease Liability
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292000000 USD
CY2022Q1 usfd Presentvalueofoperatingandfinancingleaseliabilities
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572000000 USD
CY2022 us-gaap Operating Lease Payments
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55000000 USD
CY2021 us-gaap Operating Lease Payments
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56000000 USD
CY2019 us-gaap Operating Lease Payments
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37000000 USD
CY2022 us-gaap Finance Lease Interest Payment On Liability
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10000000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
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12000000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
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12000000 USD
CY2022 us-gaap Finance Lease Principal Payments
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87000000 USD
CY2021 us-gaap Finance Lease Principal Payments
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102000000 USD
CY2019 us-gaap Finance Lease Principal Payments
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90000000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y3M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y5M1D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y1M20D
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0.061
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.066
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.044
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.032
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.032
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.035
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P5Y8M26D
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P5Y3M21D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P4Y10M6D
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Payment For Settlement
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66000000 USD
CY2019 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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CY2022 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss
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CY2019 us-gaap Defined Benefit Plan Actuarial Gain Loss
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CY2022Q1 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
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0.0550
CY2021Q1 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
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0.0560
CY2019Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
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0.0590
CY2022Q1 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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0.0450
CY2021Q1 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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0.0450
CY2019Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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0.0450
CY2022Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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1103000000 USD
CY2021Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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1112000000 USD
CY2022 us-gaap Multiemployer Plan Employer Contribution Cost
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43000000 USD
CY2021 us-gaap Multiemployer Plan Employer Contribution Cost
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44000000 USD
CY2019 us-gaap Multiemployer Plan Employer Contribution Cost
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38000000 USD
CY2022 us-gaap Multiemployer Plan Pension Insignificant Employer Contribution Under Collective Bargaining Arrangement To Total Employer Contribution Percentage
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0.05
CY2022Q1 us-gaap Multiemployer Plans Withdrawal Obligation
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160000000 USD
CY2022 us-gaap Net Income Loss
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164000000 USD
CY2021 us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss
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CY2022 us-gaap Preferred Stock Dividends And Other Adjustments
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CY2021 us-gaap Preferred Stock Dividends And Other Adjustments
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CY2019 us-gaap Preferred Stock Dividends And Other Adjustments
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CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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121000000 USD
CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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CY2019 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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385000000 USD
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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222000000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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220000000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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218000000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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3000000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2022 us-gaap Earnings Per Share Basic
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2000000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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225000000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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220000000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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220000000 shares
CY2021 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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45000000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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24000000 USD
CY2022 usfd Income Tax Reconciliation Change In Share Based Compensation Expense
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CY2021 usfd Income Tax Reconciliation Change In Share Based Compensation Expense
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1000000 USD
CY2019 usfd Income Tax Reconciliation Change In Share Based Compensation Expense
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
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5000000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
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7000000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
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4000000 USD
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 usfd Income Tax Reconciliation Net Operating Loss Carryforward Expirations
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CY2021 usfd Income Tax Reconciliation Net Operating Loss Carryforward Expirations
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3000000 USD
CY2019 usfd Income Tax Reconciliation Net Operating Loss Carryforward Expirations
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CY2021Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
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40000000 USD
CY2022 us-gaap Income Tax Reconciliation Tax Credits
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CY2021 us-gaap Income Tax Reconciliation Tax Credits
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CY2019 us-gaap Income Tax Reconciliation Tax Credits
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CY2022 usfd Income Tax Reconciliation Increase Decrease In Unrecognized Tax Benefit
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CY2021 usfd Income Tax Reconciliation Increase Decrease In Unrecognized Tax Benefit
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CY2019 usfd Income Tax Reconciliation Increase Decrease In Unrecognized Tax Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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50000000 USD
CY2021 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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126000000 USD
CY2022Q1 usfd Deferred Tax Assets Tax Deferred Expense Operating Lease Liabilities
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70000000 USD
CY2021Q1 usfd Deferred Tax Assets Tax Deferred Expense Operating Lease Liabilities
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71000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
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45000000 USD
CY2022Q1 usfd Deferred Tax Assets Tax Deferred Expense Finance Lease Liabilities
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71000000 USD
CY2021Q1 usfd Deferred Tax Assets Tax Deferred Expense Finance Lease Liabilities
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78000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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68000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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64000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Other
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97000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Other
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100000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Gross
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351000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Gross
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353000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
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28000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
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35000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Net
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323000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Net
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318000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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195000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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201000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
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68000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
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70000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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40000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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21000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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290000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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274000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities Other
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29000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities Other
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21000000 USD
CY2022Q1 us-gaap Deferred Income Tax Liabilities
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622000000 USD
CY2021Q1 us-gaap Deferred Income Tax Liabilities
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587000000 USD
CY2022Q1 us-gaap Deferred Tax Liabilities
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299000000 USD
CY2021Q1 us-gaap Deferred Tax Liabilities
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269000000 USD
CY2022Q1 us-gaap Deferred Income Taxes And Other Assets Noncurrent
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8000000 USD
CY2021Q1 us-gaap Deferred Income Taxes And Other Assets Noncurrent
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CY2022Q1 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
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307000000 USD
CY2021Q1 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
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270000000 USD
CY2021Q1 us-gaap Operating Loss Carryforwards Valuation Allowance
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CY2019Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
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CY2022Q1 us-gaap Deferred Tax Liabilities
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CY2021Q1 us-gaap Deferred Tax Liabilities
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269000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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68000000 USD
CY2022Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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68000000 USD
CY2018Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
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30000000 USD
CY2022 usfd Valuation Allowances And Reserves Expense Benefit Recognized
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CY2021 usfd Valuation Allowances And Reserves Expense Benefit Recognized
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CY2019 usfd Valuation Allowances And Reserves Expense Benefit Recognized
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6000000 USD
CY2022Q1 us-gaap Operating Loss Carryforwards Valuation Allowance
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28000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021Q1 us-gaap Operating Loss Carryforwards Valuation Allowance
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CY2019Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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39000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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CY2021Q1 us-gaap Unrecognized Tax Benefits
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39000000 USD
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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5000000 USD
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
5000000 USD
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
5000000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32000000 USD
CY2022Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
17000000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
28000000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
34000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
35000000 USD
CY2022Q1 usfd Debt Covenants Restricted Payment Capacity
DebtCovenantsRestrictedPaymentCapacity
1400000000 USD
CY2022Q1 usfd Restricted Assets
RestrictedAssets
2800000000 USD
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment

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