LEASES (Tables)

9 Months Ended

Mar. 31, 2023

The following chart provides additional information about the Company’s operating leases:


	Three Months Ended March 31,				Nine Months Ended March 31,
Lease Cost:	2023		2022		2023			2022
Operating lease cost	$	19.0	$	22.1	$	57.5		$	64.2
Short-term lease cost	0.1		0.4		0.6			1.0
Variable lease cost	10.8		9.9		27.6			28.8
Sublease income	(4.3)		(5.1)		(12.0)			(15.8)
Net lease cost	$	25.6	$	27.3	$	73.7		$	78.2
Other information:
Operating cash outflows from operating leases	$	(16.8)	$	(18.7)	$	(57.2)		$	(64.0)
Right-of-use assets obtained in exchange for lease obligations	$	0.4	$	73.1	$	14.2		$	100.1

Weighted-average remaining lease term - real estate					7.4 years			7.8 years
Weighted-average discount rate - real estate leases					4.09		%	3.81		%

Schedule of future minimum lease payments for operating leases

Future minimum lease payments for the Company’s operating leases are as follows:


Fiscal Year Ending June 30,

2023, remaining	$	21.7
2024	68.7
2025	57.7
2026	46.5
2027	39.4
Thereafter	137.9
Total future lease payments	371.9
Less: imputed interest	(56.4)
Total present value of lease liabilities	315.5
Current operating lease liabilities	61.1
Long-term operating lease liabilities	254.4
Total operating lease liabilities	$	315.5

Table excludes obligations for leases with original terms of twelve months or less, which have not been recognized as ROU assets or liabilities in the Condensed Consolidated Balance Sheets.