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GOODWILL AND OTHER INTANGIBLES | 12 Months Ended
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Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLES | 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 Operations |  | International Foodservice Operations |  | SYGMA |  | Other |  | Total
| (In thousands)
Carrying amount as of June 27, 2020 | $ | 1,358,124 |  |  | $ | 2,153,761 |  |  | $ | 32,607 |  |  | $ | 187,977 |  |  | $ | 3,732,469 |
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 |
Goodwill acquired during year | 851,899 |  |  | 9,227 |  |  | — |  |  | — |  |  | 861,126 |
Currency translation/other | 6,012 |  |  | (268,797) |  |  | — |  |  | (165) |  |  | (262,950) |
Carrying amount as of July 2, 2022 | $ | 2,211,515 |  |  | $ | 2,110,203 |  |  | $ | 32,607 |  |  | $ | 187,990 |  |  | $ | 4,542,315 |
Amortizable intangible assets acquired during fiscal 2022 were $424.7 million, with a weighted-average amortization period of 14.4 years. Amortizable intangible assets acquired during fiscal 2022 by category were customer relationships, amortizable trademarks, and non-compete of $286.5 million, $132.9 million, and $5.3 million respectively, with a weighted-average amortization period of 14.6 years, 14.2 years, and 4.6 years respectively. 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. 2, 2022 |  | Jul. 3, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
| (In thousands)
Customer relationships | $ | 1,280,809 |  |  | $ | (594,691) |  |  | $ | 686,118 |  |  | $ | 1,125,464 |  |  | $ | (552,444) |  |  | $ | 573,020 |
Non-compete agreements | 22,147 |  |  | (10,943) |  |  | 11,204 |  |  | 19,525 |  |  | (9,926) |  |  | 9,599 |
Trademarks | 148,151 |  |  | (17,175) |  |  | 130,976 |  |  | 14,360 |  |  | (6,943) |  |  | 7,417 |
Total amortizable intangible assets | $ | 1,451,107 |  |  | $ | (622,809) |  |  | $ | 828,298 |  |  | $ | 1,159,349 |  |  | $ | (569,313) |  |  | $ | 590,036 |
The table below presents the company’s indefinite-lived intangible assets by category as follows:
| Jul. 2, 2022 |  | Jul. 3, 2021
| (In thousands)
Trademarks | $ | 123,419 |  |  | $ | 155,071 |
Licenses | 966 |  |  | 966 |
Total indefinite-lived intangible assets | $ | 124,385 |  |  | $ | 156,037 |
Amortization expense for 2022, 2021 and 2020 was $132.9 million, $103.5 million and $95.3 million, respectively. The estimated future amortization expense for the next five fiscal years on intangible assets outstanding as of July 2, 2022 is shown below:
| Amount
| (In thousands)
2023 | $ | 124,436 |
2024 | 120,582 |
2025 | 114,735 |
2026 | 73,165 |
2027 | 65,118 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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