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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
Property and equipment, net as of June 30, 2025 and 2024 are presented below:
June 30,
2025
June 30,
2024
Land, buildings and leasehold improvements$450.9 $428.6 
Machinery and equipment750.7 694.0 
Marketing furniture and fixtures605.0 568.4 
Computer equipment and software817.3 776.0 
Construction in progress76.0 110.0 
Property and equipment, gross2,699.9 2,577.0 
Accumulated depreciation(1,990.7)(1,858.1)
Property and equipment, net$709.2 $718.9 
Depreciation expense of property and equipment totaled $233.1, $227.7 and $235.0 in fiscal 2025, 2024 and 2023, respectively. Depreciation expense is recorded in Cost of sales and Selling, general and administrative expenses in the Consolidated Statements of Operations.
During fiscal 2025, 2024 and 2023, the Company recorded asset impairment charges of nil, $1.7 and $4.3 respectively, which are included in Selling, general and administrative expenses in the Consolidated Statements of Operations. The fiscal 2024 and 2023 impairment charges primarily related to the abandonment of machinery and equipment, the abandonment of distribution equipment and IT software, and the abandonment of computer software, respectively.