PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jun. 30, 2015

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

NOTE 5 — PROPERTY, PLANT AND EQUIPMENT

	June 30
(In millions)	2015		2014
Assets (Useful Life)
Land	$	15.4	$	15.4
Buildings and improvements (10 to 40 years)	184.9		205.0
Machinery and equipment (3 to 10 years)	671.3		673.9
Computer hardware and software (4 to 10 years)	1,012.4		994.8
Furniture and fixtures (5 to 10 years)	73.7		75.1
Leasehold improvements	1,621.9		1,565.7
	3,579.6		3,529.9
Less accumulated depreciation and amortization	2,089.4		2,027.3
	$	1,490.2	$	1,502.6

The cost of assets related to projects in progress of $192.0 million and $229.9 million as of June 30, 2015 and 2014, respectively, is included in their respective asset categories above.  Depreciation and amortization of property, plant and equipment was $400.0 million, $378.1 million and $329.8 million in fiscal 2015, 2014 and 2013, 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.