v3.26.1
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 7. PROPERTY, PLANT AND EQUIPMENT
Original Useful Lives
As of June 30,
20262025
(in millions)
Property, plant and equipment:
Land$123 $123 
Buildings and leaseholds
3 to 50 years
1,506 1,511 
Machinery and equipment
2 to 25 years
732 752 
Capitalized software
2 to 15 years
1,789 1,753 
Construction in progress93 113 
Total Property, plant and equipment
4,243 4,252 
Accumulated depreciation and amortization(a)
(2,845)(2,921)
Total Property, plant and equipment, net
$1,398 $1,331 
(a)Includes accumulated amortization of capitalized software of approximately $1,086 million and $1,149 million as of June 30, 2026 and 2025, respectively.
Depreciation and amortization related to property, plant and equipment was $385 million, $361 million and $341 million for the fiscal years ended June 30, 2026, 2025 and 2024, respectively. This includes amortization of capitalized software of $304 million, $281 million and $252 million for the fiscal years ended June 30, 2026, 2025 and 2024, 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.