GOODWILL AND OTHER INTANGIBLES

12 Months Ended

Jul. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill by reportable segment for the years presented are as follows:


	U.S. Foodservice Operations		International Foodservice Operations		SYGMA		Other		Total
	(In thousands)
Carrying amount as of June 29, 2019	$	1,265,485	$	2,375,932	$	32,607	$	222,202	$	3,896,226
Goodwill acquired during year	90,477		—		—		—		90,477
Impairment	—		(169,007)		—		(34,199)		(203,206)
Currency translation/other	2,162		(53,164)		—		(26)		(51,028)
Carrying amount as of June 27, 2020	$	1,358,124	$	2,153,761	$	32,607	$	187,977	$	3,732,469
Goodwill acquired during year	—		—		—		—		—

Currency translation/other	(4,520)		216,012		—		178		211,670
Carrying amount as of July 3, 2021	$	1,353,604	$	2,369,773	$	32,607	$	188,155	$	3,944,139

There were no acquisitions in fiscal 2021.

Fully amortized intangible assets have been removed in the period fully amortized in the table below, which presents the company’s amortizable intangible assets in total by category as follows:


	Jul. 3, 2021						Jun. 27, 2020
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
	(In thousands)
Customer relationships	$	1,125,464	$	(552,444)	$	573,020	$	1,048,702	$	(434,262)	$	614,440
Non-compete agreements	19,525		(9,926)		9,599		23,252		(10,182)		13,070
Trademarks	14,360		(6,943)		7,417		13,691		(5,816)		7,875

Total amortizable intangible assets	$	1,159,349	$	(569,313)	$	590,036	$	1,085,645	$	(450,260)	$	635,385

The table below presents the company’s indefinite-lived intangible assets by category as follows:


	Jul. 3, 2021		Jun. 27, 2020
	(In thousands)
Trademarks	$	155,071	$	143,820
Licenses	966		966
Total indefinite-lived intangible assets	$	156,037	$	144,786

Amortization expense for 2021, 2020 and 2019 was $103.5 million, $95.3 million and $92.3 million, respectively. The estimated future amortization expense for the next five fiscal years on intangible assets outstanding as of July 3, 2021 is shown below:


	Amount
	(In thousands)
2022	$	102,921
2023	99,836
2024	95,991
2025	90,237
2026	83,622