PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

Property and equipment, net as of June 30, 2014 and 2013 are presented below:



	June 30, 2014			June 30, 2013
Land, buildings and leasehold improvements	$	230.7		$	230.9
Machinery and equipment	492.8			491.8
Marketing furniture and fixtures	278.1			258.0
Computer equipment and software	339.8			300.3
Construction in progress	45.4			73.8
	1,386.8			1,354.8
Accumulated depreciation and amortization	(846.5		)	(854.1		)
Property and equipment, net	$	540.3		$	500.7

Depreciation and amortization expense of property and equipment totaled $165.0, $169.4 and $145.9 in fiscal 2014, 2013 and 2012, respectively, and is recorded in Cost of sales and Selling, general and administrative expenses in the Consolidated Statements of Operations.

In fiscal 2014, 2013 and 2012, the Company recorded asset impairment charges of $6.0, $1.5 and $2.9, respectively, primarily relating to the disposal of various manufacturing facilities.

During fiscal 2014 and 2013, the Company removed certain fully depreciated assets from service that had original costs of $175.2 and $81.9 and no net book value at the date they were removed from service.

- 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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