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GOODWILL AND OTHER INTANGIBLES | 12 Months Ended
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Jul. 01, 2023
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 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 |
Goodwill acquired during year | 38,827 |  |  | — |  |  | — |  |  | — |  |  | 38,827 |
Currency translation/other | (2,941) |  |  | 67,587 |  |  | — |  |  | (34) |  |  | 64,612 |
Carrying amount as of July 1, 2023 | $ | 2,247,401 |  |  | $ | 2,177,790 |  |  | $ | 32,607 |  |  | $ | 187,956 |  |  | $ | 4,645,754 |
Amortizable intangible assets acquired during fiscal 2023 were $15.2 million, with a weighted-average amortization period of 6.2 years. Amortizable intangible assets acquired during fiscal 2023 by category were customer relationships and non-compete arrangements of $10.1 million and $5.1 million, respectively, with a weighted-average amortization period of 7.0 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. 1, 2023 |  | Jul. 2, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
| (In thousands)
Customer relationships | $ | 1,284,045 |  |  | $ | (684,815) |  |  | $ | 599,230 |  |  | $ | 1,280,809 |  |  | $ | (594,691) |  |  | $ | 686,118 |
Non-compete agreements | 26,010 |  |  | (14,966) |  |  | 11,044 |  |  | 22,147 |  |  | (10,943) |  |  | 11,204 |
Trademarks | 146,986 |  |  | (26,037) |  |  | 120,949 |  |  | 148,151 |  |  | (17,175) |  |  | 130,976 |
Total amortizable intangible assets | $ | 1,457,041 |  |  | $ | (725,818) |  |  | $ | 731,223 |  |  | $ | 1,451,107 |  |  | $ | (622,809) |  |  | $ | 828,298 |
The table below presents the company’s indefinite-lived intangible assets by category as follows:
| Jul. 1, 2023 |  | Jul. 2, 2022
| (In thousands)
Trademarks | $ | 127,341 |  |  | $ | 123,419 |
Licenses | 966 |  |  | 966 |
Total indefinite-lived intangible assets | $ | 128,307 |  |  | $ | 124,385 |
Amortization expense for 2023, 2022 and 2021 was $126.3 million, $132.9 million and $103.5 million, respectively. The estimated future amortization expense for the next five fiscal years on intangible assets outstanding as of July 1, 2023 is shown below:
| Amount
| (In thousands)
2024 | $ | 126,173 |
2025 | 117,551 |
2026 | 74,241 |
2027 | 66,383 |
2028 | 63,116 |

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