PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Jun. 30, 2012

NOTE 9. PROPERTY, PLANT AND EQUIPMENT, NET

Depreciation and amortization expense for Property, plant and equipment was $36.3 million, $36.1 million, and $32.3 million for the three fiscal years ended June 30, 2012, 2011 and 2010, respectively. Property, plant and equipment at cost and accumulated depreciation at June 30, 2012 and 2011 are as follows:


	June 30,
	2012			2011
	($ in millions)
Property, plant and equipment:
Land and buildings	$	4.5		$	4.4
Equipment		255.1			242.9
Furniture, leaseholds and other		159.3			157.3

		418.9			404.6
Less: Accumulated depreciation		(339.9	)		(321.5	)

Property, plant and equipment, net	$	79.0		$	83.1

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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