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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
Property and equipment, net as of June 30, 2024 and 2023 are presented below:
June 30,
2024
June 30,
2023
Land, buildings and leasehold improvements$428.6 $432.1 
Machinery and equipment694.0 676.4 
Marketing furniture and fixtures568.4 531.8 
Computer equipment and software776.0 751.5 
Construction in progress110.0 81.6 
Property and equipment, gross2,577.0 2,473.4 
Accumulated depreciation and amortization(1,858.1)(1,760.5)
Property and equipment, net$718.9 $712.9 
Depreciation expense of property and equipment totaled $227.7, $235.0 and $309.0 in fiscal 2024, 2023 and 2022, respectively. Depreciation expense is recorded in Cost of sales and Selling, general and administrative expenses in the Consolidated Statements of Operations.
During fiscal 2024, 2023 and 2022, the Company recorded asset impairment charges of $1.7, $4.3 and $2.4 respectively, which are included in Selling, general and administrative expenses in the Consolidated Statements of Operations. The fiscal 2024, 2023, and 2022 impairment charges primarily related to the abandonment of machinery and equipment, the abandonment of distribution equipment and IT software, the abandonment of computer software, respectively.