Property, Plant and Equipment, Net

12 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment at cost and Accumulated depreciation at June 30, 2021 and 2020 are as follows:

	June 30,
	2021		2020
	(in millions)
Property, plant and equipment:
Land and buildings	$	2.7	$	2.6
Equipment	310.4		269.1
Furniture, leaseholds and other	196.8		196.9
	509.9		468.6
Less: Accumulated depreciation	(332.7)		(307.0)
Property, plant and equipment, net	$	177.2	$	161.6

In fiscal years 2021 and 2020, Property, plant and equipment and Accumulated depreciation were each reduced by $15.6 million and $33.9 million, respectively, for asset retirements related to fully depreciated property, plant and equipment no longer in use.

Depreciation expense for Property, plant and equipment for the years ended June 30, 2021, 2020 and 2019 was as follows:

	Years ended June 30,
	2021		2020		2019
	(in millions)
Depreciation expense for Property, plant and equipment	$	38.8	$	50.6	$	65.8