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TableofContents
AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
5. Property, plant and equipment, net
Property,plantandequipmentarerecordedatcostandconsistofthefollowing:
 
 July 2, 2016  June 27, 2015
(Thousands)
Buildings $ 122,538  $ 122,035 
Machinery,fixturesandequipment   249,538   238,864
Informationtechnologyhardwareandsoftware   827,124   712,099
Leaseholdimprovements 143,918 140,928
Depreciableproperty,plantandequipment,gross   1,343,118   1,213,926
Accumulateddepreciation  (828,126) (773,013)
Depreciableproperty,plantandequipment,net   514,992   440,913
Land   39,650   40,032
Constructioninprogress 58,016 87,834
Property,plantandequipment,net $ 612,658 $ 568,779
Depreciationexpenserelatedtoproperty,plantandequipmentwas$98.4million,$95.6millionand$92.5millioninfiscal
2016,2015and2014,respectively.Interestexpensecapitalizedduringfiscal2016,2015and2014wasnotmaterial.
6. Goodwill and intangible assets
The following table presents the change in goodwill balances by reportable segment for fiscal year 2016. All of the
accumulatedimpairmentwasrecognizedinfiscal2009.
   
 Electronics  Technology  
Marketing Solutions Total
(Thousands)
Grossgoodwill $ 1,684,216  $ 974,274  $ 2,658,490 
Accumulatedimpairment  (1,045,110) (334,624) (1,379,734)
CarryingvalueatJune27,2015 639,106 639,650 1,278,756
Additions —  24,413  24,413
Adjustments —  —  —
Foreigncurrencytranslation  (17,254) (4,695) (21,949)
CarryingvalueatJuly2,2016 $ 621,852 $ 659,368 $ 1,281,220
Grossgoodwill $ 1,666,962  $ 993,992  $ 2,660,954 
Accumulatedimpairment  (1,045,110) (334,624) (1,379,734)
CarryingvalueatJuly2,2016 $ 621,852 $ 659,368 $ 1,281,220
Goodwilladjustments representthe net purchase accounting adjustments for acquisitions during the related measurement
periods.
BasedupontheCompany’sannualimpairmenttestsperformedinthefourthquartersoffiscal2016,2015and2014,there
was no impairment of goodwill in the respective fiscal years. The goodwill impairment testing requirements and related
assumptionsusedaredescribedfurtherinNote1.
59