6. PLANT AND EQUIPMENT
A summary of plant and equipment, including the related accumulated depreciation, appears below:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 29, 2013 |
|
June 30, 2012 |
|
Estimated Useful Lives |
||
|
|
|
(In thousands) |
|
|
||||
|
Plant and equipment, at cost: |
|
|
|
|
|
|
|
|
|
Land |
|
$ |
435,447 |
|
$ |
352,812 |
|
|
|
Buildings and improvements |
|
|
3,632,568 |
|
|
3,510,627 |
|
10-30 years |
|
Fleet and equipment |
|
|
2,633,228 |
|
|
2,449,018 |
|
3-10 years |
|
Computer hardware and software |
|
|
1,054,754 |
|
|
1,028,594 |
|
3-7 years |
|
|
|
|
7,755,997 |
|
|
7,341,051 |
|
|
|
Accumulated depreciation |
|
|
(3,777,926) |
|
|
(3,457,301) |
|
|
|
Net plant and equipment |
|
$ |
3,978,071 |
|
$ |
3,883,750 |
|
|
The capitalized direct costs for the internal use software portion of the company’s Business Transformation Project are included within “computer hardware and software” in the table above in the amount of $417.7 million and $469.4 million, net of accumulated amortization, as of June 29, 2013 and June 30, 2012, respectively. The majority of this internal use software related to the Business Transformation Project was placed into service and began amortization in August of fiscal 2013.
Depreciation expense, including capital leases, for the past three years was $473.5 million in 2013, $384.9 million in 2012 and $374.0 million in 2011.