Property plant and equipment, net K

12 Months Ended

Jun. 28, 2025

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 28, 2025		June 29, 2024
	(Thousands)
Buildings	$	258,653	$	137,460
Machinery, fixtures and equipment		305,864		275,171
Information technology hardware and software		893,572		903,812
Leasehold improvements		151,745		138,757
Depreciable property, plant and equipment, gross		1,609,834		1,455,200
Accumulated depreciation		(1,191,652)		(1,144,018)
Depreciable property, plant and equipment, net		418,182		311,182
Land		31,898		29,365
Construction in progress		217,167		227,622
Property, plant and equipment, net	$	667,247	$	568,169

Depreciation expense related to property, plant, and equipment, was $70.2 million, $83.6 million and $82.6 million in fiscal 2025, 2024, and 2023, respectively. Interest expense capitalized during fiscal 2025, 2024, and 2023 was not material.