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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET
Property and equipment, net as of June 30, 2017 and 2016 are presented below:
 
June 30,
2017
 
June 30,
2016
Land, buildings and leasehold improvements
$
646.1

 
$
284.8

Machinery and equipment
851.5

 
523.1

Marketing furniture and fixtures
432.8

 
295.2

Computer equipment and software
459.0

 
346.7

Construction in progress
286.1

 
79.6

Property and equipment, gross
2,675.5

 
1,529.4

Accumulated depreciation and amortization
(1,043.4
)
 
(890.8
)
Property and equipment, net
$
1,632.1

 
$
638.6


Depreciation and amortization expense of property and equipment totaled $280.0, $152.4 and $156.2 in fiscal 2017, 2016 and 2015, respectively, and is recorded in Cost of sales and Selling, general and administrative expenses in the Consolidated Statements of Operations.
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 a reorganization of certain business operations in China. 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.