Leases (Tables)

12 Months Ended

Jun. 30, 2023

Leases [Abstract]

Lease, Cost

The following table sets forth the components of the Company's lease cost for the fiscal years ended June 30, 2023 and 2022:

	Years Ended June 30,
($ in millions)	2023		2022
Operating lease cost	$	11.3	$	10.9
Short-term lease cost	3.8		3.5
Variable lease cost	0.1		0.1
Sublease income	(1.2)		(1.0)
Total lease cost	$	14.0	$	13.5
Operating cash flow payments from operating leases	$	12.3	$	11.4
Noncash ROU assets obtained in exchange for lease obligations	$	9.9	$	16.5

The leases have a remaining term of one to fourteen years. The following table sets forth the Company's weighted-average remaining lease term and weighted-average discount rate at June 30, 2023 and June 30, 2022.

Weighted-average remaining lease term - operating leases	8.0 years		8.5 years
Weighted-average discount rate - operating leases	4.1	%	3.7	%

Assets and Liabilities Lessee

The following table sets forth the Company's ROU assets and lease liabilities at June 30, 2023 and June 30, 2022:

	June 30,
($ in millions)	2023		2022
Operating lease assets:
Other assets	$	43.9	$	42.9
Operating lease liabilities:
Accrued liabilities	$	9.1	$	9.9
Other liabilities	43.6		42.7
Total operating lease liabilities	$	52.7	$	52.6

Schedule of Minimum Lease Payments for Operating Leases

Minimum lease payments by fiscal year for operating leases expiring subsequent to June 30, 2023, are as follows:

($ in millions)	Lease Payments
2024	$	10.8
2025	8.7
2026	7.1
2027	6.8
2028	6.3
Thereafter	22.6
Total future minimum lease payments	62.3
Less: imputed interest	9.6
Total	$	52.7