Property, plant, and equipment as of July 1, 2023 and July 2, 2022 consisted of the following:
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(In millions) |
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As of July 1, 2023 |
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As of July 2, 2022 |
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Range of Lives |
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Buildings and building improvements |
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$ |
1,019.1 |
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$ |
943.2 |
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10 – 39 years |
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Land |
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102.2 |
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101.4 |
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— |
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Transportation equipment |
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1,076.4 |
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880.6 |
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2 – 10 years |
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Warehouse and plant equipment |
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657.3 |
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599.6 |
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3 – 20 years |
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Office equipment, furniture, and fixtures |
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415.4 |
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377.8 |
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2 – 10 years |
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Leasehold improvements |
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300.3 |
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281.5 |
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Lease term(1) |
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Construction-in-process |
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163.2 |
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147.3 |
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3,733.9 |
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3,331.4 |
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Less: accumulated depreciation and amortization |
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(1,469.9 |
) |
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(1,196.9 |
) |
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Property, plant and equipment, net |
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$ |
2,264.0 |
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$ |
2,134.5 |
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(1)Leasehold improvements are depreciated over the shorter of the useful life of the asset or the lease term.
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