PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jun. 30, 2013

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT

	June 30
(In millions)	2013		2012
Assets (Useful Life)

Land	$	14.7	$	14.6
Buildings and improvements (10 to 40 years)	195.4		188.8
Machinery and equipment (3 to 10 years)	647.9		620.9
Computer hardware and software (4 to 10 years)	948.4		850.4
Furniture and fixtures (5 to 10 years)	71.6		66.4
Leasehold improvements	1,349.6		1,227.3
	3,227.6		2,968.4
Less accumulated depreciation and amortization	1,876.9		1,736.6
	$	1,350.7	$	1,231.8

The cost of assets related to projects in progress of $178.7 million and $231.6 million as of June 30, 2013 and 2012, respectively, is included in their respective asset categories above. Depreciation and amortization of property, plant and equipment was $329.8 million, $286.9 million and $283.5 million in fiscal 2013, 2012 and 2011, respectively. Depreciation and amortization related to the Company’s manufacturing process is included in Cost of sales and all other depreciation and amortization is included in Selling, general and administrative expenses in the accompanying consolidated statements of earnings.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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