v3.19.2

Property, Plant and Equipment, Net

12 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment at cost and Accumulated depreciation at June 30, 2019 and 2018 are as follows:

		June 30,
		2019				2018
		(in millions)
Property, plant and equipment:
Land and buildings		$	2.6			$	2.6
Equipment		435.6				432.1
Furniture, leaseholds and other		174.6				161.5
		612.9				596.3
Less: Accumulated depreciation		(423.9		)		(392.2		)
Property, plant and equipment, net		$	189.0			$	204.1

In fiscal years 2019 and 2018, Property, plant and equipment and Accumulated depreciation were each reduced by $32.8 million and $40.3 million, respectively, for asset retirements related to fully depreciated property, plant and equipment no longer in use.

Depreciation expense for Property, plant and equipment for the years ended June 30, 2019, 2018 and 2017 was as follows:

		Years ended June 30,
		2019				2018				2017
		(in millions)
Depreciation expense for Property, plant and equipment		$	65.8			$	63.4			$	53.5

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- References

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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