The table below provides estimated useful lives of property, plant and equipment by asset classification.
Estimated
Useful Lives
Buildings and leasehold improvements
5 - 40 years
Land improvements
10 - 30 years
Machinery and equipment
3 - 15 years
Computer equipment
3 - 5 years
Capitalized software costs
3 - 7 years
The components of property, plant and equipment, net, consisted of the following as of June 30:
20252024
Land and improvements$169 $174 
Buildings799 816 
Machinery and equipment2,468 2,398 
Capitalized software costs426 413 
Computer equipment162 137 
Construction in progress154 198 
Total4,178 4,136 
Less: Accumulated depreciation and amortization(2,911)(2,821)
Property, plant and equipment, net$1,267 $1,315 

Historical Timeline

Fiscal YearFiled
2025Aug 8, 2025Showing above
2024Aug 8, 2024
2023Aug 10, 2023
2022Aug 10, 2022
2021Aug 10, 2021
2020Aug 13, 2020
2019Aug 14, 2019
2018Aug 14, 2018
2017Aug 15, 2017
2016Aug 16, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.