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Fair Value of Financial Instruments (Tables)
3 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables set forth the Company’s financial assets and liabilities at September 30, 2023 and June 30, 2023, respectively, that are recorded at fair value, segregated by level within the fair value hierarchy:
September 30, 2023
Level 1Level 2Level 3Total
(in millions)
Assets:
Other current assets:
       Securities$0.7 $— $— $0.7 
Other non-current assets:
       Securities (a)144.3 — — 144.3 
Derivative asset— 72.8 — 72.8 
Total assets as of September 30, 2023
$145.0 $72.8 $— $217.8 
Liabilities:
       Contingent consideration obligations— — 12.9 12.9 
Total liabilities as of September 30, 2023
$— $— $12.9 $12.9 
June 30, 2023
Level 1Level 2Level 3Total
(in millions)
Assets:
Other current assets:
       Securities $0.7 $— $— $0.7 
Other non-current assets:
       Securities (a)141.3 — — 141.3 
       Derivative asset— 66.7 — 66.7 
Total assets as of June 30, 2023
$142.0 $66.7 $— $208.7 
Liabilities:
       Contingent consideration obligations— — 12.0 12.0 
Total liabilities as of June 30, 2023
$— $— $12.0 $12.0 
_________
(a) Includes investments related to the Company’s Defined Benefit Pension Plans and Executive Retirement and Savings Plan (the “ERSP”).
Schedule of Changes in Level 3 Financial Liabilities The following table sets forth an analysis of changes during the three months ended September 30, 2023 and 2022, respectively, in Level 3 financial liabilities of the Company:
Three Months Ended September 30,
20232022
 (in millions)
Beginning balance$12.0 $12.9 
Net increase in contingent consideration liability0.8 — 
Foreign currency impact on contingent consideration liability0.1 — 
Payments— — 
Ending balance$12.9 $12.9