| Property and Equipment |
Property and Equipment Property and equipment, net, is presented in the table below. | | | | | | | | | | | | | June 28, 2026 | | June 29, 2025 | | (in thousands) | | Manufacturing and engineering equipment | $ | 2,559,970 | | | $ | 2,219,207 | | | Buildings and improvements | 2,289,208 | | | 1,914,570 | | | Computer and computer-related equipment | 192,354 | | | 182,439 | | | Land | 264,507 | | | 166,207 | | | Office equipment, furniture and fixtures | 114,797 | | | 92,740 | | | | | | | 5,420,836 | | | 4,575,163 | | | Less: accumulated depreciation and amortization | (2,484,833) | | | (2,169,641) | | | $ | 2,936,003 | | | $ | 2,405,522 | | | | | |
The Company has excluded an immaterial value of finance right of use assets recorded within property and equipment, net from the table above. Depreciation expense during fiscal years 2026, 2025, and 2024 was $383.9 million, $329.5 million, and $299.0 million, respectively.
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