XML 27 R13.htm IDEA: XBRL DOCUMENT v3.20.2
Property plant and equipment, net
12 Months Ended
Jun. 27, 2020
Property plant and equipment, net  
Property, plant and equipment, net

5. Property, plant and equipment, net

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

    

June 27, 2020

    

June 29, 2019

 

(Thousands)

 

Buildings

$

124,007

$

121,847

Machinery, fixtures and equipment

 

242,347

 

224,838

Information technology hardware and software

 

809,182

 

799,324

Leasehold improvements

 

117,036

 

107,659

Depreciable property, plant and equipment, gross

 

1,292,572

 

1,253,668

Accumulated depreciation

 

(938,002)

 

(886,062)

Depreciable property, plant and equipment, net

 

354,570

 

367,606

Land

 

23,618

 

23,874

Construction in progress

 

26,419

 

60,691

Property, plant and equipment, net

$

404,607

$

452,171

Depreciation expense including accelerated depreciation related to property, plant and equipment was $101.1 million, $97.2 million and $143.4 million in fiscal 2020, 2019 and 2018, respectively. Interest expense capitalized during fiscal 2020, 2019 and 2018 was not material.

Included as a component of restructuring, integration and other expenses was $10.9 million, $11.3 million and $52.9 million of accelerated depreciation expense for fiscal 2020, 2019 and 2018, respectively, associated with the changes in estimates of the useful life of certain information technology hardware and software in the Americas.