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Property, Plant & Equipment, net
12 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant & Equipment, net

Note 5—Property, Plant & Equipment, net

At June 30, 2015 and 2014, property, plant and equipment, net consisted of the following:

 

     Estimated
Useful Lives
(in Years)
     June 30,  
      2015      2014  

Land

      $ 9,742       $ 11,077   

Buildings and improvements

     1-50         260,074         296,401   

Machinery and equipment

     3-20         1,270,650         1,240,750   

Furniture and fixtures

     3-10         30,492         33,414   
     

 

 

    

 

 

 

Property, plant and equipment, gross

        1,570,958         1,581,642   

Less accumulated depreciation and amortization

        (1,018,537      (1,071,786
     

 

 

    

 

 

 

Property, plant and equipment, net

      $ 552,421       $ 509,856   
     

 

 

    

 

 

 

Depreciation expense for the fiscal years ended June 30, 2015, 2014 and 2013 was $132.0 million, $119.1 million and $115.6 million, respectively.