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PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
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Jun. 30, 2024
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) |  | 2024 |  | 2023
Assets (Useful Life) |  |  |  |
Land and improvements(1) |  | $ | 68 |  |  | $ | 70 |
Buildings and improvements (10 to 40 years) |  | 929 |  |  | 843 |
Machinery and equipment (3 to 10 years) |  | 1,253 |  |  | 1,071 |
Computer hardware and software (4 to 10 years) |  | 1,861 |  |  | 1,651 |
Furniture and fixtures (5 to 10 years) |  | 137 |  |  | 136 |
Leasehold improvements |  | 2,418 |  |  | 2,310 |
Construction in progress |  | 500 |  |  | 827 |
|  | 7,166 |  |  | 6,908 |
Less accumulated depreciation and amortization |  | (4,030) |  |  | (3,729) |
|  | $ | 3,136 |  |  | $ | 3,179 |
(1) Land improvements are depreciated over a 10 year useful life. Depreciation and amortization of property, plant and equipment was $663 million, $577 million and $543 million in fiscal 2024, 2023 and 2022, 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 d iscussion 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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