XML 64 R11.htm IDEA: XBRL DOCUMENT v3.21.2
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
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)20212020
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 improvements2,429 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.