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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
Property and equipment, net as of June 30, 2023 and 2022 are presented below:
June 30,
2023
June 30,
2022
Land, buildings and leasehold improvements$432.1 $424.2 
Machinery and equipment676.4 670.7 
Marketing furniture and fixtures531.8 501.8 
Computer equipment and software751.5 737.9 
Construction in progress81.6 65.2 
Property and equipment, gross2,473.4 2,399.8 
Accumulated depreciation and amortization(1,760.5)(1,684.3)
Property and equipment, net$712.9 $715.5 
Depreciation expense of property and equipment totaled $235.0, $309.0 and $334.1 in fiscal 2023, 2022 and 2021, respectively. Depreciation expense is recorded in Cost of sales and Selling, general and administrative expenses in the Consolidated Statements of Operations.
During fiscal 2023, 2022 and 2021, the Company recorded asset impairment charges of $4.3, $2.4 and $5.2 respectively, which are included in Selling, general and administrative expenses in the Consolidated Statements of Operations. The fiscal 2023, 2022, and 2021 impairment charges primarily relate to the abandonment of distribution equipment and IT software, the abandonment of computer software, and the abandonment of machinery and equipment, respectively.