PLANT AND EQUIPMENT

12 Months Ended

Jun. 27, 2020

Property, Plant and Equipment [Abstract]

PLANT AND EQUIPMENT

PLANT AND EQUIPMENT

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

	Jun. 27, 2020		Jun. 29, 2019		Estimated Useful Lives
	(In thousands)
Plant and equipment at cost:
Land	$	493,694	$	498,180
Buildings and improvements	4,854,307		4,545,099		10-30 years
Fleet and equipment	3,561,500		3,697,008		3-10 years
Computer hardware and software	1,258,980		1,213,942		3-7 years
Total plant and equipment at cost	10,168,481		9,954,229
Accumulated depreciation	(5,709,914)		(5,452,524)
Total plant and equipment, net	$	4,458,567	$	4,501,705

Depreciation expense, including amortization of capital leases, was $705.2 million in 2020, $656.6 million in 2019 and $614.8 million in 2018.

As of June 27, 2020, Sysco had eight properties (land and facilities) located in Texas, Indiana, Florida, Louisiana and Illinois that qualified to be classified as held for sale. The carrying amount of these properties was determined to be higher than fair value and was written down to fair value less cost to sell, which resulted in an impairment loss of $55.9 million reported within Other expense (income), net in fiscal 2020. As of June 27, 2020, the aggregate net book value of assets held for sale was $30.9 million.

In fiscal 2020, Sysco recognized $74.4 million in accelerated depreciation, including facilities and equipment, due to restructuring in Europe and certain enterprise resource planning (ERP) systems and software platforms. In fiscal 2019, Sysco recognized $39.3 million in accelerated depreciation, including facilities and equipment, due to restructuring in Europe and certain ERP systems and software platforms.