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PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Jun. 30, 2018
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

 

NOTE 5 – PROPERTY, PLANT AND EQUIPMENT

 

 

 

June 30

 

(In millions)

 

2018

 

2017

 

Assets (Useful Life)

 

 

 

 

 

 

 

 

 

 

 

Land

 

$
30

 

$
30

 

Buildings and improvements (10 to 40 years)

 
237

 
192

 

Machinery and equipment (3 to 10 years)

 
719

 
668

 

Computer hardware and software (4 to 10 years)

 
1,193

 
1,115

 

Furniture and fixtures (5 to 10 years)

 
104

 
96

 

Leasehold improvements

 
2,152

 
1,918

 

 

 

 

 

 

 

 

 
4,435

 
4,019

 

Less accumulated depreciation and amortization

 
(2,612)

 
(2,348)

 

 

 

 

 

 

 

 

 

$
1,823

 

$
1,671

 

 

 

 

 

 

 

 

 

 

The cost of assets related to projects in progress of $300 million and $183 million as of June 30, 2018 and 2017, respectively, is included in their respective asset categories above.  Depreciation and amortization of property, plant and equipment was $469 million, $428 million and $401 million in fiscal 2018, 2017 and 2016, 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.