XML 48 R20.htm IDEA: XBRL DOCUMENT v3.20.2
PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
Property and equipment, net as of June 30, 2020 and 2019 are presented below:
June 30,
2020		June 30,
2019
Land, buildings and leasehold improvements$475.0 $530.2 
Machinery and equipment706.6 748.6 
Marketing furniture and fixtures548.8 551.1 
Computer equipment and software706.3 776.4 
Construction in progress108.6 114.4 
Property and equipment, gross2,545.3 2,720.7 
Accumulated depreciation and amortization(1,463.7)(1,388.0)
Property and equipment, net$1,081.6 $1,332.7 

Depreciation expense of property and equipment totaled $351.7, $331.8 and $331.1 in fiscal 2020, 2019 and 2018, respectively. Depreciation expense is recorded in Cost of sales and Selling, general and administrative expenses in the Consolidated Statements of Operations.
During fiscal 2020, 2019 and 2018 the Company recorded asset impairment charges of $16.8, $27.8 and $15.6 respectively. The fiscal 2020 impairment charge is recorded in Selling, general and administrative expenses in the Consolidated Statements of Operations and primarily relate to the abandonment of a retail store and software no longer in use. The fiscal 2019 and 2018 impairment charges are included in Restructuring costs in the Consolidated Statements of Operations and primarily relate to the disposal of certain manufacturing facilities, and the write-off of machinery and equipment in excess of the Company’s needs.