PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property and equipment, net as of June 30, 2016 and 2015 are presented below:



	June 30, 2016			June 30, 2015
Land, buildings and leasehold improvements	$	284.8		$	232.4
Machinery and equipment	523.1			471.3
Marketing furniture and fixtures	295.2			267.7
Computer equipment and software	346.7			325.5
Construction in progress	79.6			48.7
	1,529.4			1,345.6
Accumulated depreciation and amortization	(890.8		)	(845.4		)
Property and equipment, net	$	638.6		$	500.2

Depreciation and amortization expense of property and equipment totaled $152.4, $156.2 and $165.0 in fiscal 2016, 2015 and 2014, respectively, and is recorded in Cost of sales and Selling, general and administrative expenses in the Consolidated Statements of Operations.

In fiscal 2016, 2015 and 2014, the Company recorded asset impairment charges of nil, nil and $6.0, respectively, primarily relating to the disposal of various manufacturing facilities. In October 2014, the Company agreed to sell certain TJoy Holdings Co., Ltd. (“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 assets in the Consolidated Statements of Operations during fiscal 2015.