Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 30

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 30
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 acquired during year510 7 — — 517 Currency translation/other(1)(9)— — (10)Carrying amount as of June 29, 2024$2,756 $2,176 $33 $188 $5,153 Goodwill acquired during year(1)10 — — 9 Impairment— — — (92)(92)Currency translation/other161 — — 161 Carrying amount as of June 28, 2025$2,755 $2,347 $33 $96 $5,231 Amortizable intangible assets acquired during fiscal 2025 were $12 million, with a weighted-average amortization period of 17 years. Amortizable intangible assets acquired during fiscal 2025 by category were customer relationships and trademarks of $6 million and $6 million, respectively, with a weighted-average amortization period of 9 years and 25 years, respectively.

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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: Jun. 28, 2025Jun. 29, 2024 Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet (In millions)Customer relationships$1,595 $(951)$644 $1,502 $(754)$748 Non-compete agreements27 (22)5 28 (20)8 Trademarks156 (46)110 151 (32)119 Other10 (3)7 10 (1)9 Total amortizable intangibleassets$1,788 $(1,022)$766 $1,691 $(807)$884 The table below presents our indefinite-lived intangible assets by category as follows: Jun. 28, 2025Jun. 29, 2024 (In millions)Trademarks$313 $303 Licenses1 1 Total indefinite-lived intangible assets$314 $304 Amortization expense for 2025, 2024 and 2023 was $147 million, $142 million and $126 million, respectively. The estimated future amortization expense for the next five fiscal years on intangible assets outstanding as of June