PROPERTY, PLANT AND EQUIPMENT, NET

Depreciation expense for Property, plant and equipment was $38.0 million, $35.5 million, and $35.2 million for the fiscal years ended June 30, 2015, 2014 and 2013, respectively. Property, plant and equipment at cost and Accumulated depreciation at June 30, 2015 and 2014 are as follows:



	June 30,
	2015			2014
	($ in millions)
Property, plant and equipment:
Land and buildings	$	4.9		$	4.9
Equipment	317.4			280.9
Furniture, leaseholds and other	170.9			166.7
	493.2			452.5
Less: Accumulated depreciation	(395.9		)	(364.2		)
Property, plant and equipment, net	$	97.3		$	88.3

In fiscal years 2015 and 2014, Property, plant and equipment and Accumulated depreciation were each reduced by $1.9 million and $14.0 million, respectively, of asset retirements related to fully depreciated property, plant and equipment.