v3.26.1
Property, Plant, and Equipment
 12 Months Ended
Jun. 27, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant, and Equipment

7. Property, Plant, and Equipment

Property, plant, and equipment as of June 27, 2026 and June 28, 2025 consisted of the following:

(In millions)

 

As of
June 27, 2026

 

 

As of
June 28, 2025

 

 

Range of Lives

 

Buildings and building improvements

 

$

2,360.4

 

 

$

2,124.8

 

 

10 – 39 years

 

Land

 

 

176.6

 

 

 

185.3

 

 

 

—

 

Transportation equipment

 

 

2,453.9

 

 

 

2,063.0

 

 

2 – 19 years

 

Warehouse and plant equipment

 

 

1,046.1

 

 

 

930.8

 

 

2 – 20 years

 

Office equipment, furniture, and fixtures

 

 

561.0

 

 

 

516.5

 

 

2 – 10 years

 

Leasehold improvements

 

 

548.5

 

 

 

463.8

 

 

Lease term(1)

 

Construction-in-process

 

 

169.8

 

 

 

271.1

 

 

 

 

 

 

 

7,316.3

 

 

 

6,555.3

 

 

 

 

Less: accumulated depreciation and amortization

 

 

(2,531.4

)

 

 

(2,096.6

)

 

 

 

Property, plant and equipment, net

 

$

4,784.9

 

 

$

4,458.7

 

 

 

 
(1)
Leasehold improvements are depreciated over the shorter of the useful life of the asset or the lease term.

Total depreciation expense for fiscal 2026, fiscal 2025, and fiscal 2024 was $541.9 million, $455.3 million, and $355.2 million, respectively, and is included in operating expenses on the consolidated statements of operations.