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PROPERTY AND EQUIPMENT (Tables)
 12 Months Ended
Jun. 30, 2018
PROPERTY AND EQUIPMENT  
Schedule of Property and Equipment

 

 

 

 

 

 

 

 

 

 

 

Estimated useful lives

 

As of June 30,

 

    

(in years)

    

2018

    

2017

 

 

 

 

 

(in millions)

Land

 

N/A

 

$

29.6

 

$

28.9

Buildings - leasehold and site improvements

 

15 to 45

 

 

321.8

 

 

277.1

Furniture, fixtures and office equipment

 

3 to 7

 

 

61.7

 

 

27.3

Computer hardware

 

3 to 5

 

 

42.7

 

 

33.1

Software

 

3

 

 

70.1

 

 

56.5

Components, machinery and equipment

 

5 to 7

 

 

585.1

 

 

483.4

Fiber optic components and equipment(1)

 

8

 

 

1,086.6

 

 

904.9

Circuit switch components and equipment

 

10

 

 

399.4

 

 

337.6

Packet switch components and equipment(1)

 

5

 

 

58.1

 

 

51.9

Fiber optic network

 

33

 

 

4,954.9

 

 

4,110.3

Construction in progress

 

N/A

 

 

465.5

 

 

651.5

Total

 

 

 

 

8,075.5

 

 

6,962.5

Less accumulated depreciation

 

 

 

 

(2,592.6)

 

 

(1,946.5)

Less property and equipment held for sale(2)

 

 

 

 

(35.7)

 

 

 —

Property and equipment, net

 

 

 

$

5,447.2

 

$

5,016.0

(1)

Prior period amounts were reclassified for comparability with the 2018 presentation.

(2)

Property and equipment held for sale includes $35.7 million reported as assets held for sale in the Allstream segment. See Note 3—Acquisitions and Dispositions.