Leases (Tables)

3 Months Ended

Sep. 30, 2022

Leases [Abstract]

Summary of lease cost

The following table sets forth the components of the Company's lease cost for the three months ended September 30, 2022 and September 30, 2021:

	Three Months Ended September 30,
($ in millions)	2022		2021
Operating lease cost	$	2.8	$	2.5
Short-term lease cost	0.9		0.8
Variable lease cost	—		0.2
Sublease income	(0.2)		(0.2)
Total lease cost	$	3.5	$	3.3
Operating cash flow payments from operating leases	$	3.1	$	2.8
Non-cash ROU assets obtained in exchange for lease obligations	$	0.2	$	0.2

The following table sets forth the Company's weighted-average remaining lease term and weighted-average discount rate at September 30, 2022 and June 30, 2022:

	September 30, 2022		June 30, 2022
Weighted-average remaining lease term - operating leases	8.4 years		8.5 years
Weighted-average discount rate - operating leases	3.7	%	3.7	%

Summary of right-of-use assets and lease liabilities

The following table sets forth the Company's ROU assets and lease liabilities at September 30, 2022 and June 30, 2022:

($ in millions)	September 30, 2022		June 30, 2022
Operating lease assets:
Other assets	$	40.2	$	42.9
Operating lease liabilities:
Accrued liabilities	$	9.5	$	9.9
Other liabilities	40.2		42.7
Total operating lease liabilities	$	49.7	$	52.6

Schedule of minimum lease payments for operating leases expiring

Minimum lease payments for operating leases by fiscal year expiring subsequent to September 30, 2022 are as follows:

($ in millions)	September 30, 2022
2023 (remaining period of fiscal year)	$	8.6
2024	8.9
2025	6.3
2026	5.0
2027	4.9
Thereafter	24.9
Total future minimum lease payments	58.6
Less imputed interest	(8.9)
Total	$	49.7