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Marketable Securities
 9 Months Ended
Mar. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities MARKETABLE SECURITIES

In March 2019, Sysco began to invest a portion of the assets held by its wholly-owned captive insurance subsidiary in a restricted investment portfolio of marketable fixed income securities, which have been classified and accounted for as available-for-sale. The company includes fixed income securities maturing in less than twelve months within Prepaid expenses and other current assets and includes fixed income securities maturing in more than twelve months within Other assets in the accompanying Consolidated Balance Sheets. The company records the amounts at fair market value, which is determined using quoted market prices at the end of the reporting period. Unrealized gains and losses on marketable securities are recorded in Accumulated other comprehensive loss. The following table presents the company’s available-for-sale marketable securities as of March 30, 2019:

 
March 30, 2019
 
Amortized Cost Basis
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Short-Term Marketable Securities
 
Long-Term Marketable Securities
 
(in thousands)
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds
$
86,843

 
$
563

 
$
(15
)
 
$
87,391

 
$
8,990

 
$
78,401

Government bonds
28,964

 
848

 
—

 
29,812

 
—

 
29,812

Total marketable securities
$
115,807

 
$
1,411

 
$
(15
)
 
$
117,203

 
$
8,990

 
$
108,213



The fixed income securities held at March 30, 2019 had effective maturities ranging from less than one year to approximately ten years. The company did not realize any gains or losses on its marketable securities during the third quarter of fiscal 2019.