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Goodwill and Intangible Assets, Net
 12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net GOODWILL AND INTANGIBLE ASSETS, NET
Changes in Goodwill for the fiscal years ended June 30, 2024 and 2023 are as follows:
Investor
Communication
Solutions		Global
Technology and
Operations		Total
 (in millions)
Goodwill, gross, at June 30, 2022$1,043.7 $2,441.2 $3,484.9 
Additions— — — 
Foreign currency translation and other(0.9)(22.4)(23.3)
Fair value adjustments (a)— — — 
Accumulated impairment losses— — — 
Goodwill, net, at June 30, 2023$1,042.8 $2,418.8 $3,461.6 
Goodwill, gross, at June 30, 2023$1,042.8 $2,418.8 $3,461.6 
Additions41.8 — 41.8 
Foreign currency translation and other(0.3)(33.7)(34.0)
Fair value adjustments (a)— — — 
Accumulated impairment losses— — — 
Goodwill, net, at June 30, 2024$1,084.3 $2,385.1 $3,469.4 
_________
(a) Fair value adjustments includes adjustments to goodwill as part of finalization of the purchase price allocations.
Additions for the fiscal year ended June 30, 2024 include $41.8 million for the acquisition of AdvisorTarget.
During fiscal years 2024, 2023 and 2022, the Company performed the required impairment tests of Goodwill and determined that there was no impairment. The Company also performs a sensitivity analysis under Step 1 of the goodwill impairment test assuming hypothetical reductions in the fair values of the reporting units. A 10% change in our estimates of projected future operating cash flows, discount rates, or terminal value growth rates, which are the most significant estimates used in our calculations of the fair values of the reporting units, would not result in an impairment of our goodwill.
Intangible assets at cost and accumulated amortization at June 30, 2024 and 2023 are as follows:
 June 30,
 20242023
 Original
Cost		Accumulated
Amortization		Intangible
Assets, net		Original
Cost		Accumulated
Amortization		Intangible
Assets, net
 (in millions)
Software licenses$233.9 $(168.5)$65.3 $183.7 $(154.2)$29.5 
Acquired software technology295.0 (215.3)79.7 292.4 (165.5)126.9 
Customer contracts and lists1,140.4 (698.0)442.4 1,150.8 (558.5)592.4 
Acquired intellectual property136.6 (136.6)— 136.6 (136.6)— 
Internal use software823.1 (103.3)719.8 762.9 (44.8)718.1 
Other intangibles20.2 (20.2)0.1 23.7 (23.3)0.4 
$2,649.2 $(1,342.0)$1,307.2 $2,550.2 $(1,082.9)$1,467.2 
All of the intangible assets have finite lives and as such, are subject to amortization.
The weighted-average remaining useful life of the intangible assets is as follows:
Weighted-Average Remaining Useful Life (Years)
Acquired software technology2.0
Software licenses2.7
Customer contracts and lists3.4
Internal use software16.0
Other intangibles0.2
     Total weighted-average remaining useful life10.2
Expenditures for major software purchases and software developed or obtained for internal use are capitalized and amortized on a straight-line basis generally over a three- to five-year period or another period deemed appropriate based on the specific characteristics of the software, considering the potential impact of obsolescence, speed of technology changes, competition, and other economic factors.
Amortization of intangibles for the years ended June 30, 2024, 2023 and 2022 was as follows:
 Years ended June 30,
 202420232022
 (in millions)
Amortization expense for intangible assets$279.5 $257.6 $289.3 
Estimated remaining amortization expenses of the Company’s existing intangible assets for the next five fiscal years and thereafter are as follows:
Years Ending June 30,(in millions)
2025$276.0 
2026253.5 
2027164.1 
2028125.1 
202945.2 
Thereafter443.2 
     Total $1,307.2