PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Jun. 30, 2019

PROPERTY AND EQUIPMENT

Schedule of Property and Equipment

	Estimated useful lives	As of June 30,
	(in years)	2019		2018
			(in millions)
Land	N/A	$	29.4	$	29.6
Buildings - leasehold and site improvements	15 to 45		372.9		321.8
Furniture, fixtures and office equipment	3 to 7		49.1		61.7
Computer hardware	3 to 5		43.6		42.7
Software	3		82.0		70.1
Components, machinery and equipment	5 to 7		699.4		585.1
Fiber optic components and equipment	8		1,332.3		1,086.6
Circuit switch components and equipment	10		407.1		399.4
Packet switch components and equipment	5		68.6		58.1
Fiber optic network	33		5,307.2		4,933.6
Construction in progress	N/A		522.0		465.5
Total			8,913.6		8,054.2
Less accumulated depreciation			(3,104.7)		(2,590.9)
Less property and equipment held for sale(1)			—		(35.7)
Property and equipment, net		$	5,808.9	$	5,427.6

(1) 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.