Goodwill and Other Intangible Assets

9 Months Ended

Jul. 03, 2026

Intangible Asset, Goodwill and Other [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS:

Goodwill represents the excess of the fair value of consideration paid for an acquired entity over the fair value of assets acquired and liabilities assumed in a business combination. Goodwill is not amortized and is subject to an impairment test that the Company conducts annually or more frequently if a change in circumstances or the occurrence of events indicates that potential impairment exists, using discounted cash flows.

Changes in total goodwill during the nine months ended July 3, 2026 are as follows (in thousands):


Segment	October 3, 2025		Acquisitions		Translation		July 3, 2026
FSS United States	$	4,221,026	$	28,524	$	(72)	$	4,249,478
FSS International	653,644		107,423		(14,099)		746,968
	$	4,874,670	$	135,947	$	(14,171)	$	4,996,446

Other intangible assets consist of the following (in thousands):


	July 3, 2026						October 3, 2025
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer relationship assets	$	1,380,532	$	(686,499)	$	694,033	$	1,291,305	$	(616,793)	$	674,512
Trade names	1,325,223		(97,428)		1,227,795		1,271,821		(72,266)		1,199,555
	$	2,705,755	$	(783,927)	$	1,921,828	$	2,563,126	$	(689,059)	$	1,874,067

Amortization of intangible assets for the nine months ended July 3, 2026 and June 27, 2025 was $103.3 million and $90.6 million, respectively.