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Property, Plant, and Equipment
 12 Months Ended
Jul. 02, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment

7. Property, Plant, and Equipment

Property, plant, and equipment as of July 2, 2022 and July 3, 2021 consisted of the following:

 

(In millions)

 

As of
July 2, 2022

 

 

As of
July 3, 2021

 

 

Range of Lives

 

Buildings and building improvements

 

$

943.2

 

 

$

842.0

 

 

10 – 39 years

 

Land

 

 

101.4

 

 

 

96.0

 

 

 

—

 

Transportation equipment

 

 

880.6

 

 

 

565.4

 

 

2 – 10 years

 

Warehouse and plant equipment

 

 

599.6

 

 

 

447.8

 

 

3 – 20 years

 

Office equipment, furniture, and fixtures

 

 

377.8

 

 

 

385.2

 

 

2 – 10 years

 

Leasehold improvements

 

 

281.5

 

 

 

212.7

 

 

Lease term(1)

 

Construction-in-process

 

 

147.3

 

 

 

61.5

 

 

 

 

 

 

 

3,331.4

 

 

 

2,610.6

 

 

 

 

Less: accumulated depreciation and amortization

 

 

(1,196.9

)

 

 

(1,021.0

)

 

 

 

Property, plant and equipment, net

 

$

2,134.5

 

 

$

1,589.6

 

 

 

 

 

(1)
Leasehold improvements are depreciated over the shorter of the useful life of the asset or the lease term.

Total depreciation expense for the fiscal 2022, fiscal 2021, and fiscal 2020 was $279.7 million, $213.9 million, and $178.5 million, respectively, and is included in operating expenses on the consolidated statement of operations.