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Property plant and equipment, net
12 Months Ended
Jun. 29, 2019
Property plant and equipment, net  
Property, plant and equipment, net

6. Property, plant and equipment, net

Property, plant and equipment are recorded at cost and consist of the following:

 

 

 

 

 

 

 

 

 

 

    

June 29, 2019

    

June 30, 2018

 

 

 

(Thousands)

 

Buildings

 

$

121,847

 

$

132,511

 

Machinery, fixtures and equipment

 

 

224,838

 

 

200,231

 

Information technology hardware and software

 

 

799,324

 

 

677,179

 

Leasehold improvements

 

 

107,659

 

 

106,242

 

Depreciable property, plant and equipment, gross

 

 

1,253,668

 

 

1,116,163

 

Accumulated depreciation

 

 

(886,062)

 

 

(758,041)

 

Depreciable property, plant and equipment, net

 

 

367,606

 

 

358,122

 

Land

 

 

23,874

 

 

41,984

 

Construction in progress

 

 

60,691

 

 

122,803

 

Property, plant and equipment, net

 

$

452,171

 

$

522,909

 

Depreciation expense including accelerated depreciation related to property, plant and equipment was $97.2 million, $143.4 million and $101.4 million in fiscal 2019, 2018 and 2017, respectively. Interest expense capitalized during fiscal 2019, 2018 and 2017 was not material.

Included as a component of restructuring, integration and other expenses was $11.3 million and $52.9 million of accelerated depreciation expense for fiscal 2019 and 2018, respectively, associated with the changes in estimates of the useful life of certain information technology hardware and software in the Americas.