v3.25.2
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 7. PROPERTY, PLANT AND EQUIPMENT
Original Useful Lives
As of June 30,
20252024
(in millions)
Property, plant and equipment:
Land$123 $121 
Buildings and leaseholds
3 to 50 years
1,511 1,479 
Machinery and equipment
2 to 20 years
752 782 
Capitalized software
2 to 15 years
1,753 1,715 
Construction in progress113 86 
Total Property, plant and equipment
4,252 4,183 
Accumulated depreciation and amortization(a)
(2,921)(2,911)
Total Property, plant and equipment, net
$1,331 $1,272 
(a)Includes accumulated amortization of capitalized software of approximately $1,149 million and $1,175 million as of June 30, 2025 and 2024, respectively.
Depreciation and amortization related to property, plant and equipment was $361 million, $341 million and $309 million for the fiscal years ended June 30, 2025, 2024 and 2023, respectively. This includes amortization of capitalized software of $281 million, $252 million and $215 million for the fiscal years ended June 30, 2025, 2024 and 2023, respectively.
Fixed Asset Impairments
During the fiscal year ended June 30, 2024, the Company recognized non-cash impairment charges of $22 million at the News Media segment related to the write-down of fixed assets associated with the combination of News UK’s printing operations with those of DMG Media.