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PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
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Jun. 30, 2021
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consists of the following:
|  | June 30
(In millions) |  | 2021 |  | 2020
Assets (Useful Life) |  |  |  |
Land |  | $ | 55 |  |  | $ | 33 |
Buildings and improvements (10 to 40 years) |  | 524 |  |  | 400 |
Machinery and equipment (3 to 10 years) |  | 1,039 |  |  | 865 |
Computer hardware and software (4 to 10 years) |  | 1,444 |  |  | 1,335 |
Furniture and fixtures (5 to 10 years) |  | 127 |  |  | 120 |
Leasehold improvements |  | 2,429 |  |  | 2,381 |
|  | 5,618 |  |  | 5,134 |
Less accumulated depreciation and amortization |  | (3,338) |  |  | (3,079) |
|  | $ | 2,280 |  |  | $ | 2,055 |
The cost of assets related to projects in progress of $647 million and $501 million as of June 30, 2021 and 2020, respectively, is included in their respective asset categories above. Depreciation and amortization of property, plant and equipment was $516 million, $514 million and $495 million in fiscal 2021, 2020 and 2019, respectively. Depreciation and amortization related to the Company’s manufacturing process is included in Cost of sales and all other depreciation and amortization is included in Selling, general and administrative expenses in the accompanying consolidated statements of earnings. See Note 7 – Leases for discussion of property, plant and equipment impairments.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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