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ALLOWANCE FOR CREDIT LOSSES ON TRADE RECEIVABLES | 12 Months Ended
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Jul. 01, 2023
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
ALLOWANCE FOR CREDIT LOSSES ON TRADE RECEIVABLES | ALLOWANCE FOR CREDIT LOSSES ON TRADE RECEIVABLESSysco 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. A summary of the activity in the allowance for credit losses on trade receivables appears below:
| 2023 |  | 2022 |  | 2021
| (In thousands)
Balance at beginning of period | $ | 70,790 |  |  | $ | 117,695 |  |  | $ | 334,810 |
Adjustments to costs and expenses | 35,655 |  |  | (15,494) |  |  | (152,740) |
Customer accounts written off, net of recoveries | (61,964) |  |  | (23,823) |  |  | (45,230) |
Other adjustments | 1,118 |  |  | (7,588) |  |  | (19,145) |
Balance at end of period | $ | 45,599 |  |  | $ | 70,790 |  |  | $ | 117,695 |
In fiscal 2020, the company experienced an increase in past due trade receivables and recognized additional bad debt charges because of closures among customers stemming from the onset of the COVID-19 pandemic. In fiscal 2021 and 2022, conditions improved and the company’s results reflect a benefit on the reduction of its allowance for these receivable balances, as the company made progress on obtaining payments from its customers.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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