Property, Plant and Equipment

12 Months Ended

Jun. 30, 2014

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

NOTE 6. PROPERTY, PLANT AND EQUIPMENT

	Useful Lives		As of June 30,
			2014			2013
			(in millions)
Land			$	177		$	185
Buildings and leaseholds		3 to 50 years		2,069			1,923
Machinery and equipment(a)		3 to 40 years		3,282			3,019
				5,528			5,127
Less: accumulated depreciation and amortization(b)				(2,623	)		(2,284	)
				2,905			2,843
Construction in progress				104			149
Total Property, plant and equipment, net(c)			$	3,009		$	2,992

^(a)  Includes capitalized software of approximately $548 million and $568 million as of June 30, 2014 and 2013, respectively.

^(b)  Includes accumulated amortization of capitalized software of approximately $243 million and $244 million as of June 30, 2014 and 2013, respectively.

^(c)  For the fiscal year ended June 30, 2014, the Company recorded impairment charges of $15 million, primarily due to the sale of a U.S. printing plant. For the fiscal year ended June 30, 2013, the Company recorded a $46 million write-down of News and Information Services fixed assets in Australia in accordance with ASC 360. (See Note 7—Goodwill and Other Intangible Assets for further discussion of the impairment charges).

Depreciation and amortization related to property, plant and equipment was $483 million, $454 million and $406 million for the fiscal years ended June 30, 2014, 2013 and 2012, respectively. This includes amortization of capitalized software of $155 million, $122 million and $122 million for the fiscal years ended June 30, 2014, 2013 and 2012, respectively.

Total operating lease expense was approximately $192 million, $146 million and $147 million for the fiscal years ended June 30, 2014, 2013 and 2012, respectively.