Plant and Equipment

12 Months Ended

Jun. 28, 2014

7. PLANT AND EQUIPMENT

A summary of plant and equipment, including the related accumulated depreciation, appears below:



	June 28, 2014		June 29, 2013		Estimated Useful Lives
	(In thousands)
Plant and equipment, at cost:
Land	$	431,694	$	411,853
Buildings and improvements		3,816,387		3,656,846	10-30 years
Fleet and equipment		2,726,415		2,633,497	3-10 years
Computer hardware and software		1,109,379		1,054,260	3-7 years
		8,083,875		7,756,456
Accumulated depreciation		(4,098,257)		(3,778,385)
Net plant and equipment	$	3,985,618	$	3,978,071

The capitalized direct costs for the internal use software portion of the company’s Business Transformation Project are included within “computer hardware and software” in the table above in the amount of $355.2 million and $417.7 million, net of accumulated amortization, as of June 28, 2014 and June 29, 2013, respectively. The majority of this internal use software related to the Business Transformation Project was placed into service and began amortization in August of fiscal 2013.

Depreciation expense, including capital leases, for the past three years was $493.8 million in 2014, $473.5 million in 2013 and $384.9 million in 2012.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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