SYY · 10-K · 2026A · Full report

Amortization Expense Trends

SYSCO CORP · 2026-08-21 · Importance 40 · Surprise 42 · Matches filing data

Sysco began transitioning its U.K. Brakes® and smaller brands to “Sysco GB” in the second quarter of fiscal 2026. The rebranding will take approximately 19 months and requires straight-line amortization of previously indefinite-lived intangible assets. The initiative is expected to create approximately $100 million of additional amortization expense over 19 months; $29 million was recorded in fiscal 2026 and approximately $76 million is expected in fiscal 2027. Sysco treats this amortization as a Certain Item.

Key facts

• Sysco will amortize previously indefinite-lived intangible assets associated with its United Kingdom rebranding initiative on a straight-line basis over 19 months through June 2027. source
• The Sysco GB rebranding is expected to result in approximately $100 million of additional amortization expense over 19 months; $29 million was recorded in fiscal 2026 and approximately $76 million is expected in fiscal 2027. source
• Fiscal 2026 acquisition-related costs included $147 million of intangible amortization expense and $85 million of acquisition and due diligence costs; fiscal 2025 included $133 million and $27 million, respectively. source
• Fiscal 2026 adjusted depreciation and amortization was $976 million of GAAP depreciation and amortization less $155 million of non-GAAP depreciation and amortization, primarily related to acquisitions. source
• Fiscal 2025 adjusted depreciation and amortization was $945 million of GAAP depreciation and amortization less $137 million of non-GAAP depreciation and amortization, primarily related to acquisitions. source

Impact estimates