Property, Plant and Equipment

12 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

NOTE 6. PROPERTY, PLANT AND EQUIPMENT

	Useful Lives		As of June 30,
			2015			2014
			(in millions)
Land			$	161		$	177
Buildings and leaseholds		3 to 50 years		1,932			2,069
Machinery and equipment(a)		3 to 40 years		3,070			3,282
				5,163			5,528
Less: accumulated depreciation and amortization(b)				(2,542	)		(2,623	)
				2,621			2,905
Construction in progress(a)				125			104
Total Property, plant and equipment, net			$	2,746		$	3,009

^(a)  Includes capitalized software of approximately $982 million and $870 million as of June 30, 2015 and 2014, respectively. For the fiscal year ended June 30, 2015, the Company recorded impairment charges of $45 million. (See Note 7—Goodwill and Other Intangible Assets for further discussion of the impairment charges). For the fiscal year ended June 30, 2014, recorded an impairment charge of $15 million related to the sale of a U.S. printing plant.

^(b)  Includes accumulated amortization of capitalized software of approximately $479 million and $412 million as of June 30, 2015 and 2014, respectively.

Depreciation and amortization related to property, plant and equipment was $428 million, $483 million and $454 million for the fiscal years ended June 30, 2015, 2014 and 2013, respectively. This includes amortization of capitalized software of $186 million, $155 million and $122 million for the fiscal years ended June 30, 2015, 2014 and 2013, respectively.

Total operating lease expense was approximately $200 million, $192 million and $146 million for the fiscal years ended June 30, 2015, 2014 and 2013, respectively.