Property plant and equipment, net

12 Months Ended

Jun. 29, 2024

Property plant and equipment, net

Property, plant and equipment, net

5. Property, plant and equipment, net

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

	June 29, 2024		July 1, 2023
	(Thousands)
Buildings	$	137,460	$	108,236
Machinery, fixtures and equipment		275,171		259,745
Information technology hardware and software		903,812		884,448
Leasehold improvements		138,757		137,745
Depreciable property, plant and equipment, gross		1,455,200		1,390,174
Accumulated depreciation		(1,144,018)		(1,109,631)
Depreciable property, plant and equipment, net		311,182		280,543
Land		29,365		22,036
Construction in progress		227,622		138,978
Property, plant and equipment, net	$	568,169	$	441,557

Depreciation expense related to property, plant, and equipment, was $83.6 million, $82.6 million and $87.4 million in fiscal 2024, 2023, and 2022, respectively. Interest expense capitalized during fiscal 2024, 2023, and 2022 was not material.