2024 Q1 Form 10-K Financial Statement

#000166591824000014 Filed on February 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $8.949B $8.936B $35.60B
YoY Change 0.21% 20.72%
Cost Of Revenue $7.454B $7.346B $29.45B
YoY Change -1.49% 18.59%
Gross Profit $1.495B $1.590B $6.148B
YoY Change 8.9% 32.07%
Gross Profit Margin 16.71% 17.79% 17.27%
Selling, General & Admin $1.317B $1.298B $5.117B
YoY Change 4.17% 21.26%
% of Gross Profit 88.09% 81.64% 83.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $105.0M $105.0M $395.0M
YoY Change 29.63% 4.5%
% of Gross Profit 7.02% 6.6% 6.42%
Operating Expenses $1.330B $1.298B $5.131B
YoY Change 4.17% 21.27%
Operating Profit $165.0M $292.0M $1.017B
YoY Change 36.45% 139.86%
Interest Expense $79.00M -$80.00M $324.0M
YoY Change -223.08% 52.11%
% of Operating Profit 47.88% -27.4% 31.86%
Other Income/Expense, Net $1.000M $2.000M $6.000M
YoY Change -60.0% -76.92%
Pretax Income $87.00M $200.0M $678.0M
YoY Change 29.87% 216.82%
Income Tax $5.000M $53.00M $172.0M
% Of Pretax Income 5.75% 26.5% 25.37%
Net Earnings $82.00M $147.0M $506.0M
YoY Change 34.86% 208.54%
Net Earnings / Revenue 0.92% 1.65% 1.42%
Basic Earnings Per Share $0.33 $2.09
Diluted Earnings Per Share $0.33 $0.59 $2.02
COMMON SHARES
Basic Shares Outstanding 244.9M shares 245.9M shares 239.0M shares
Diluted Shares Outstanding 248.0M shares 250.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $267.0M $269.0M $269.0M
YoY Change -26.5% 81.76%
Cash & Equivalents $267.0M $269.0M $269.0M
Short-Term Investments
Other Short-Term Assets $19.00M $14.00M $152.0M
YoY Change 27.27% 27.73%
Inventory $1.620B $1.600B $1.600B
Prepaid Expenses $152.0M $138.0M
Receivables $2.000B $1.900B $1.854B
Other Receivables $210.0M $156.0M $156.0M
Total Short-Term Assets $4.234B $4.031B $4.031B
YoY Change -6.21% 12.16%
LONG-TERM ASSETS
Property, Plant & Equipment $2.303B $2.280B $2.280B
YoY Change 9.88% -1.21%
Goodwill $5.697B $5.697B
YoY Change 1.28%
Intangibles $796.0M $803.0M
YoY Change 0.75%
Long-Term Investments
YoY Change
Other Assets $360.0M $376.0M $376.0M
YoY Change -15.88% 172.46%
Total Long-Term Assets $9.156B $9.156B $9.156B
YoY Change 2.37% 2.57%
TOTAL ASSETS
Total Short-Term Assets $4.234B $4.031B $4.031B
Total Long-Term Assets $9.156B $9.156B $9.156B
Total Assets $13.39B $13.19B $13.19B
YoY Change -0.42% 5.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.273B $2.051B $2.051B
YoY Change -5.92% 23.41%
Accrued Expenses $651.0M $731.0M $731.0M
YoY Change 8.94% 90.36%
Deferred Revenue
YoY Change
Short-Term Debt $198.0M $220.0M $220.0M
YoY Change 0.46% 20.22%
Long-Term Debt Due $116.0M $110.0M $110.0M
YoY Change 10.0% 15.79%
Total Short-Term Liabilities $3.238B $3.112B $3.112B
YoY Change -1.83% 22.04%
LONG-TERM LIABILITIES
Long-Term Debt $4.585B $4.564B $4.564B
YoY Change -5.64% -7.16%
Other Long-Term Liabilities $442.0M $469.0M $469.0M
YoY Change -1.47% -2.09%
Total Long-Term Liabilities $442.0M $469.0M $5.033B
YoY Change -1.47% -6.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.238B $3.112B $3.112B
Total Long-Term Liabilities $442.0M $469.0M $5.033B
Total Liabilities $8.565B $8.438B $8.438B
YoY Change -3.91% 2.25%
SHAREHOLDERS EQUITY
Retained Earnings $1.591B $1.509B
YoY Change 62.78%
Common Stock $3.671B $3.666B
YoY Change 21.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $324.0M $311.0M
YoY Change 2121.43%
Treasury Stock Shares
Shareholders Equity $4.825B $4.749B $4.749B
YoY Change
Total Liabilities & Shareholders Equity $13.39B $13.19B $13.19B
YoY Change -0.42% 5.32%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $82.00M $147.0M $506.0M
YoY Change 34.86% 208.54%
Depreciation, Depletion And Amortization $105.0M $105.0M $395.0M
YoY Change 29.63% 4.5%
Cash From Operating Activities $139.0M $205.0M $1.140B
YoY Change -42.09% 172.08%
INVESTING ACTIVITIES
Capital Expenditures $87.00M $142.0M $309.0M
YoY Change -344.83% 12.77%
Acquisitions $196.0M
YoY Change
Other Investing Activities $1.000M -$52.00M -$186.0M
YoY Change -5300.0% -1650.0%
Cash From Investing Activities -$86.00M -$194.0M -$495.0M
YoY Change 240.35% 88.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $294.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$55.00M -88.00M -$587.0M
YoY Change -31.25% -29.87%
NET CHANGE
Cash From Operating Activities $139.0M 205.0M $1.140B
Cash From Investing Activities -$86.00M -194.0M -$495.0M
Cash From Financing Activities -$55.00M -88.00M -$587.0M
Net Change In Cash -$2.000M -77.00M $58.00M
YoY Change -145.56% -108.53%
FREE CASH FLOW
Cash From Operating Activities $139.0M $205.0M $1.140B
Capital Expenditures $87.00M $142.0M $309.0M
Free Cash Flow $52.00M $63.00M $831.0M
YoY Change -84.71% 473.1%

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<div style="margin-top:6pt;padding-left:24.75pt;text-align:justify"><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></div>
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CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:6pt;padding-left:24.75pt;text-align:justify"><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 December 30, 2023.</span></div>
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1900000000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1700000000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35597000000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34057000000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29487000000 usd
CY2023 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6000000 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
16000000 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
15000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2280000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2171000000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
297000000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
263000000 usd
CY2023Q4 usfd Allowance For Doubtful Vendor Receivables Current
AllowanceForDoubtfulVendorReceivablesCurrent
5000000 usd
CY2022Q4 usfd Allowance For Doubtful Vendor Receivables Current
AllowanceForDoubtfulVendorReceivablesCurrent
8000000 usd
CY2023 usfd Number Of Facilities Sold
NumberOfFacilitiesSold
1 facility
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5499000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5152000000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3219000000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2981000000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
349000000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
327000000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
323000000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
55000000 usd
CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
49000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
288000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
5697000000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
5625000000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
803000000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
785000000 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
4674000000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
650000000 usd
CY2023Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
152000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
4854000000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
110000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
116000000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4564000000 usd
CY2022Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
145000000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
265000000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
246000000 usd
CY2023Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
5000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4738000000 usd
CY2023Q4 usfd Debt Instrument Percentage Of Principal Amount At Floating Rate
DebtInstrumentPercentageOfPrincipalAmountAtFloatingRate
0.30
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
106000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
100000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1176000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
73000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1273000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1980000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4708000000 usd
CY2023Q4 usfd Debt Covenants Restricted Payment Capacity
DebtCovenantsRestrictedPaymentCapacity
2000000000 usd
CY2023Q4 usfd Restricted Assets
RestrictedAssets
2800000000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
213000000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
205000000 usd
CY2023Q4 usfd Accrued Operating Expenses
AccruedOperatingExpenses
94000000 usd
CY2022Q4 usfd Accrued Operating Expenses
AccruedOperatingExpenses
93000000 usd
CY2023Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
52000000 usd
CY2022Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
41000000 usd
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
27000000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
33000000 usd
CY2023Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
134000000 usd
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
125000000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
64000000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
49000000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
43000000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
36000000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
7000000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
3000000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
40000000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
33000000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
57000000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
32000000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
731000000 usd
CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
5000000 usd
CY2023Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
32000000 usd
CY2022Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
32000000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
15000000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
18000000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
469000000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
446000000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
186000000 usd
CY2022Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
192000000 usd
CY2021Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
175000000 usd
CY2023 usfd Self Insurance Expenses
SelfInsuranceExpenses
123000000 usd
CY2022 usfd Self Insurance Expenses
SelfInsuranceExpenses
107000000 usd
CY2022 usfd Self Insurance Expenses
SelfInsuranceExpenses
95000000 usd
CY2023Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
13000000 usd
CY2022Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
2000000 usd
CY2022Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
7000000 usd
CY2023 usfd Self Insurance Reserve Payments
SelfInsuranceReservePayments
118000000 usd
CY2022 usfd Self Insurance Reserve Payments
SelfInsuranceReservePayments
115000000 usd
CY2022 usfd Self Insurance Reserve Payments
SelfInsuranceReservePayments
85000000 usd
CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
204000000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
186000000 usd
CY2022Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
192000000 usd
CY2023Q4 usfd Self Insurance Reserve Discount Rate
SelfInsuranceReserveDiscountRate
0.0480
CY2022Q4 usfd Self Insurance Reserve Discount Rate
SelfInsuranceReserveDiscountRate
0.0425
CY2022Q1 usfd Self Insurance Reserve Discount Rate
SelfInsuranceReserveDiscountRate
0.0049
CY2023Q4 usfd Self Insurance Reserve Repayments Of Principal And Interest In Next Rolling Twelve Months
SelfInsuranceReserveRepaymentsOfPrincipalAndInterestInNextRollingTwelveMonths
58000000 usd
CY2023Q4 usfd Self Insurance Reserve Repayments Of Principal And Interest In Rolling Year Two
SelfInsuranceReserveRepaymentsOfPrincipalAndInterestInRollingYearTwo
45000000 usd
CY2023Q4 usfd Self Insurance Reserve Repayments Of Principal And Interest In Rolling Year Three
SelfInsuranceReserveRepaymentsOfPrincipalAndInterestInRollingYearThree
26000000 usd
CY2023Q4 usfd Self Insurance Reserve Repayments Of Principal And Interest In Rolling Year Four
SelfInsuranceReserveRepaymentsOfPrincipalAndInterestInRollingYearFour
18000000 usd
CY2023Q4 usfd Self Insurance Reserve Repayments Of Principal And Interest In Rolling Year Five
SelfInsuranceReserveRepaymentsOfPrincipalAndInterestInRollingYearFive
14000000 usd
CY2023Q4 usfd Self Insurance Reserve Repayments Of Principal And Interest In Rolling After Year Five
SelfInsuranceReserveRepaymentsOfPrincipalAndInterestInRollingAfterYearFive
89000000 usd
CY2023Q4 usfd Self Insurance Reserve Principal And Interest
SelfInsuranceReservePrincipalAndInterest
250000000 usd
CY2023Q4 usfd Self Insurance Reserve Interest Included In Payments
SelfInsuranceReserveInterestIncludedInPayments
46000000 usd
CY2023Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
204000000 usd
CY2020Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
500000 shares
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
500000000 usd
CY2020Q2 usfd Preferred Stock Per Share Proceeds
PreferredStockPerShareProceeds
1000
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
532281 shares
CY2022Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
534000000 usd
CY2020Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
161237 shares
CY2023Q1 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
7600037 shares
CY2023Q1 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
1000 usd
CY2023Q1 usfd Preferred Stock Conversion Price
PreferredStockConversionPrice
21.50
CY2023Q1 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
7600037 shares
CY2023 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
7000000 usd
CY2023Q2 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
371044 shares
CY2023Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
17425053 shares
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
150000000 usd
CY2021Q1 us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
9154 shares
CY2022 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
28000000 usd
CY2022 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
37000000 usd
CY2023 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
7000000 usd
CY2021Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
523127 shares
CY2021Q1 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
519000000 usd
CY2022 us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
9154 shares
CY2022 usfd Dividends Preferred Stock1
DividendsPreferredStock1
15000000 usd
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
532281 shares
CY2022Q1 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
534000000 usd
CY2022 us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
0 shares
CY2022 usfd Dividends Preferred Stock1
DividendsPreferredStock1
0 usd
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
532281 shares
CY2022Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
534000000 usd
CY2023Q2 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
161237 shares
CY2023Q2 usfd Convertible Preferred Stock Carrying Value
ConvertiblePreferredStockCarryingValue
162 usd
CY2023Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
371044 shares
CY2023Q3 usfd Convertible Preferred Stock Carrying Value
ConvertiblePreferredStockCarryingValue
372 usd
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
22000000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
13000000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
14000000 usd
CY2023Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
45000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48000000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
12000000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10000000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3836927 shares
CY2022Q4 usfd Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageFairValue
9.05
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.32
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1246259 shares
CY2023 usfd Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageFairValue
7.82
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
22.14
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
51882 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
15.50
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
31.62
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2538786 shares
CY2023Q4 usfd Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageFairValue
9.52
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.24
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y2M12D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2344236 shares
CY2023 usfd Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestWeightedAverageGrantDateFairValue
8.77
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
24.28
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y1M6D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.59
CY2023Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 usd
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
7396224 shares
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
294000000 usd
CY2023 usfd Treasury Stock Excise Tax On Stock Repurchases
TreasuryStockExciseTaxOnStockRepurchases
3000000 usd
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
192000000 usd
CY2023Q4 us-gaap Residual Value Of Leased Asset
ResidualValueOfLeasedAsset
238000000 usd
CY2022 usfd Leases Termination Expense
LeasesTerminationExpense
9000000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
290000000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
265000000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
450000000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
395000000 usd
CY2023Q4 usfd Operating Lease And Finance Lease Right Of Use Asset
OperatingLeaseAndFinanceLeaseRightOfUseAsset
740000000 usd
CY2022Q4 usfd Operating Lease And Finance Lease Right Of Use Asset
OperatingLeaseAndFinanceLeaseRightOfUseAsset
660000000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
43000000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
36000000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
95000000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
92000000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
265000000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
246000000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
367000000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
354000000 usd
CY2023Q4 usfd Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
770000000 usd
CY2022Q4 usfd Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
728000000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
297000000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
263000000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
59000000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
69000000 usd
CY2022 us-gaap Operating Lease Cost
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
5000000 usd
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2000000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
30000000 usd
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4000000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
24000000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
27000000 usd
CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
28000000 usd
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
RecordedUnconditionalPurchaseObligationDueWithinOneYear
875000000 usd
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Second Year
RecordedUnconditionalPurchaseObligationDueInSecondYear
925000000 usd
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Third Year
RecordedUnconditionalPurchaseObligationDueInThirdYear
950000000 usd
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Fourth Year
RecordedUnconditionalPurchaseObligationDueInFourthYear
0 usd
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Fifth Year
RecordedUnconditionalPurchaseObligationDueInFifthYear
0 usd
CY2023Q4 usfd Debt Covenants Restricted Payment Capacity
DebtCovenantsRestrictedPaymentCapacity
2000000000 usd
CY2023Q4 usfd Restricted Assets
RestrictedAssets
2800000000 usd
CY2023 usfd Treasury Stock Excise Tax On Stock Repurchases
TreasuryStockExciseTaxOnStockRepurchases
3000000 usd
CY2022 usfd Treasury Stock Excise Tax On Stock Repurchases
TreasuryStockExciseTaxOnStockRepurchases
0 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2024Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
283988 shares
CY2024Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
13000000 usd
CY2024Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
179000000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.24

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