XML 22 R10.htm IDEA: XBRL DOCUMENT

Business Acquisitions	9 Months Ended
Business Acquisitions	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Business Acquisitions	BUSINESS ACQUISITIONS During the fiscal quarter ended September 30, 2023, the Company acquired Renzi Foodservice, a broadline distributor in New York, for a purchase price of $142 million. The acquisition, which was funded with cash from operations, allows US Foods to further expand its reach into central upstate New York. The Renzi Foodservice acquisition, reflected in the Company’s consolidated financial statements commencing from the date of acquisition on July 7, 2023, did not materially affect the Company’s results of operations or financial position. The Company recorded goodwill of $60 million and intangible assets of $57 million for this acquisition. The intangible assets included $54 million related to customer relationships and $3 million related to noncompete agreements, which will be amortized on a straight-line basis over an estimated useful life of 15 and 5 years, respectively. The goodwill recognized from the Renzi Foodservice acquisition is deductible for tax purposes. Renzi Foodservice is integrated into the Company’s foodservice distribution network.