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Marketable Securities
 3 Months Ended
Sep. 28, 2019
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities MARKETABLE SECURITIES

Sysco invests a portion of the assets held by its wholly owned captive insurance subsidiary in a restricted investment portfolio of marketable fixed income securities, which have been classified and accounted for as available-for-sale. The company includes fixed income securities maturing in less than twelve months within Prepaid expenses and other current assets and includes fixed income securities maturing in more than twelve months within Other assets in the accompanying Consolidated Balance Sheets. The company records the amounts at fair market value, which is determined using quoted market prices at the end of the reporting period. Unrealized gains and losses on marketable securities are recorded in Accumulated other comprehensive loss. The following table presents the company’s available-for-sale marketable securities as of September 28, 2019 and June 29, 2019:

 
September 28, 2019
 
Amortized Cost Basis
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Short-Term Marketable Securities
 
Long-Term Marketable Securities
 
(In thousands)
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds
$
88,505

 
$
2,067

 
$
(2
)
 
$
90,570

 
$
12,017

 
$
78,553

Government bonds
28,834

 
2,695

 
—

 
31,529

 
—

 
31,529

Total marketable securities
$
117,339

 
$
4,762

 
$
(2
)
 
$
122,099

 
$
12,017

 
$
110,082

 
 
 
 
 
 
 
 
 
 
 
 
 
June 29, 2019
 
Amortized Cost Basis
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Short-Term Marketable Securities
 
Long-Term Marketable Securities
 
(In thousands)
Corporate bonds
$
87,540

 
$
1,734

 
$
—

 
$
89,274

 
$
12,006

 
$
77,268

Government bonds
28,900

 
1,845

 
—

 
30,745

 
—

 
30,745

Total marketable securities
$
116,440

 
$
3,579

 
$
—

 
$
120,019

 
$
12,006

 
$
108,013



The fixed income securities held at September 28, 2019 had effective maturities ranging from less than one year to approximately eleven years. There were no significant realized gains or losses in marketable securities in the first quarter of 2020.