RESTRUCTURING COSTS

3 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring costs for the three months ended September 30, 2022 and 2021 are presented below:


	Three Months Ended September 30,
	2022		2021
Transformation Plan	$	(1.2)	$	12.4

Total	$	(1.2)	$	12.4

Transformation Plan

In connection with the four-year plan announced on July 1, 2019 to drive substantial improvement and optimization in the Company's businesses (the “Turnaround Plan”), the Company has and expects to continue to incur restructuring and related costs. On May 11, 2020, the Company announced an expansion of the Turnaround Plan to further reduce fixed costs, (the “Transformation Plan”). Of the expected costs, the Company has incurred cumulative restructuring charges of $222.1 related to approved initiatives through September 30, 2022, which have been recorded in Corporate.

Over the next fiscal year, the Company expects to incur approximately $8.0 of additional restructuring charges pertaining to the approved actions, primarily related to employee termination benefits.

The following table presents aggregate restructuring charges for the program:


	Severance and Employee Benefits		Fixed Asset Write-offs		Other Exit Costs		Total
Fiscal 2020	$	151.2	$	(1.1)	$	6.5	$	156.6
Fiscal 2021	73.4		(0.5)		0.3		73.2
Fiscal 2022	(6.2)		—		(0.3)		(6.5)
Fiscal 2023	(1.2)		—		—		(1.2)
Cumulative through September 30, 2022	$	217.2	$	(1.6)	$	6.5	$	222.1

The related liability balance and activity of restructuring costs for the Transformation Plan restructuring costs are presented below:


	Severance and Employee Benefits		Total
Balance—July 1, 2022	$	55.2	$	55.2
Restructuring charges	1.0		1.0
Payments	(21.8)		(21.8)
Changes in estimates	(2.2)		(2.2)

Effect of exchange rates	(2.5)		(2.5)
Balance—September 30, 2022	$	29.7	$	29.7

The Company currently estimates that the total remaining accrual of $29.7 will result in cash expenditures of approximately $27.8, $1.7 and $0.2 in fiscal 2023, 2024 and thereafter, respectively.