Depreciation

  
Note 9 - Property, Plant, and Equipment, Net  
    The components of property, plant, and equipment, net, were as follows: 

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ in millions) |  | June 30, 2022 |  | June 30, 2021 |
| Land and land improvements |  | $ | 201  |  |  | $ | 221  |  |
| Buildings and improvements |  | 1,323  |  |  | 1,355  |  |
| Plant and equipment |  | 5,797  |  |  | 5,937  |  |
| Total property, plant, and equipment |  | 7,321  |  |  | 7,513  |  |
|  |  |  |  |  |
| Accumulated depreciation |  | (3,617) |  |  | (3,712) |  |
| Accumulated impairment |  | (58) |  |  | (40) |  |
|  |  |  |  |  |
| Total property, plant, and equipment, net |  | $ | 3,646  |  |  | $ | 3,761  |  |

  
    Depreciation expense amounted to $398 million, $389 million, and $403 million for fiscal years 2022, 2021, and 2020, respectively. Amortization of assets under finance leases is included in depreciation expense.  
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