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MARKETABLE SECURITIES
 6 Months Ended
Dec. 31, 2022
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 12 months within prepaid expenses and other current assets and includes fixed income securities maturing in more than 12 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 any portion of a security’s unrealized loss attributable to non-credit losses are recorded in accumulated other comprehensive loss. There were no significant credit losses recognized in the first 26 weeks of fiscal 2023. The following table presents the company’s available-for-sale marketable securities as of December 31, 2022 and July 2, 2022:
December 31, 2022
Amortized Cost BasisGross Unrealized GainsGross Unrealized LossesFair ValueShort-Term Marketable SecuritiesLong-Term Marketable Securities
(In thousands)
Fixed income securities:
Corporate bonds$97,844 $106 $(7,363)$90,587 $— $90,587 
Government bonds29,925 — (1,732)28,193 — 28,193 
Total marketable securities$127,769 $106 $(9,095)$118,780 $— $118,780 
Jul. 2, 2022
Amortized Cost BasisGross Unrealized GainsGross Unrealized LossesFair ValueShort-Term Marketable SecuritiesLong-Term Marketable Securities
(In thousands)
Fixed income securities:
Corporate bonds$96,167 $8 $(5,995)$90,180 $5,983 $84,197 
Government bonds30,070 — (302)29,768 — 29,768 
Total marketable securities$126,237 $8 $(6,297)$119,948 $5,983 $113,965 

As of December 31, 2022, the balance of available-for-sale securities by contractual maturity is shown in the following table. Within the table, maturities of fixed income securities have been allocated based upon timing of estimated cash flows. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.

December 31, 2022
(In thousands)
Due after one year through five years$70,553 
Due after five years through ten years48,227 
Total$118,780 

There were no significant realized gains or losses in marketable securities in the first 26 weeks of fiscal 2023.