Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 29

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 29
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There were no significant realized gains or losses in marketable securities during fiscal 2025, 2024, and 2023.

7.  ALLOWANCE FOR CREDIT LOSSES ON TRADE RECEIVABLES

Sysco determines the past due status of trade receivables based on contractual terms with each customer and evaluates the collectability of accounts receivable to determine an appropriate allowance for credit losses on trade receivables. To calculate an allowance for credit losses, the company estimates uncollectible amounts based on historical loss experience, including those experienced during times of local and regional disasters, current conditions and collection rates, and expectations regarding future losses.

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A summary of the activity in the allowance for credit losses on trade receivables appears below: 202520242023 (In millions)Balance at beginning of period$54 $46 $71 Adjustments to costs and expenses85 57 36 Customer accounts written off, net of recoveries(106)(57)(62)Other adjustments(16)8 1 Balance at end of period$17 $54 $46 

8.  PLANT AND EQUIPMENT

A summary of plant and equipment, including the related accumulated depreciation, appears below: Jun. 28, 2025Jun. 29, 2024Estimated Useful Lives (In millions) Plant and equipment at cost:   Land$492 $490  Buildings and improvements6,217 5,976 10-30 yearsFleet and equipment5,170 4,788 3-13 yearsComputer hardware and software2,085 1,769 3-5 yearsTotal plant and equipment at cost13,964 13,023  Accumulated depreciation(7,880)(7,526) Total plant and equipment, net$6,084 $5,497  Depreciation expense, including amortization of capital leases, was $798 million in 2025, $728 million in 2024 and $650 million in 2023.

9.  GOODWILL AND OTHER INTANGIBLES

The changes in the carrying amount of goodwill by reportable segment for the years presented are as follows: U.S. Foodservice OperationsInternational Foodservice OperationsSYGMAOtherTotal (In millions)Carrying amount as of July 1, 2023$2,247 $2,178 $33 $188 $4,646 Goodwill