PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

PROPERTY AND EQUIPMENT, NET

Property and equipment, net as of June 30, 2015 and 2014 are presented below:

	June 30, 2015			June 30, 2014
Land, buildings and leasehold improvements	$	232.4		$	230.7
Machinery and equipment	471.3			492.8
Marketing furniture and fixtures	267.7			278.1
Computer equipment and software	325.5			339.8
Construction in progress	48.7			45.4
	1,345.6			1,386.8
Accumulated depreciation and amortization	(845.4		)	(846.5		)
Property and equipment, net	$	500.2		$	540.3

Depreciation and amortization expense of property and equipment totaled $156.2, $165.0 and $169.4 in fiscal 2015, 2014 and 2013, respectively, and is recorded in Cost of sales and Selling, general and administrative expenses in the Consolidated Statements of Operations.

In fiscal 2015, 2014 and 2013, the Company recorded asset impairment charges of $0.0, $6.0 and $1.5, respectively, primarily relating to the disposal of various manufacturing facilities. In October 2014, the Company agreed to sell certain TJoy assets for cash of 86.0 million RMB ($14.1) in conjunction with China Optimization. As a result, the Company recognized a gain of $7.2 in Gain on sale of asset in the Consolidated Statement of Operations during fiscal 2015.

During fiscal 2015 and 2014, the Company removed certain fully depreciated assets from service that had original costs of $71.2 and $175.2, respectively.