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Share-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Weighted-Average Assumptions of Fair Value of Stock Options
The fair value of stock options awarded in fiscal years 2023, 2022 and 2021 was estimated on the date of each grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
 
 Years Ended June 30,
 202320222021
Expected volatility54.0 %51.6 %50.2 %
Dividend yield2.2 %2.4 %0.3 %
Risk-free interest rate4.0 %1.1 %4.4 %
Expected term (in years)5.05.05.0
Summary of Stock Option Activity
 Number of
Awards
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
($ in millions)
Outstanding at June 30, 20202,149,541 $44.50   
Granted67,142 $18.26   
Exercised(11,871)$38.68   
Forfeited(59,330)$44.91   
Expired(69,729)$50.64 
Outstanding at June 30, 20212,075,753 $43.47   
Granted36,444 $34.43   
Exercised(891)$39.70   
Forfeited(69,656)$40.52   
Expired(79,061)$54.49 
Outstanding at June 30, 20221,962,589 $42.96   
Granted27,956 $36.24   
Exercised(117,621)$42.39   
Withheld(1,136)$44.90 
Forfeited(2,097)$42.16   
Expired(61,517)$49.67 
Outstanding at June 30, 20231,808,174 $42.67 3.3 years$24.6 
Exercisable at June 30, 20231,780,218 $42.78 3.2 years$24.1 
Summary of Outstanding and Exercisable Options by Exercise Price Range
Exercise Price
Range
Number Outstanding at June 30, 2023Weighted
Average
Remaining
Contractual
Term (in Years)
Weighted
Average
Exercise
Price
Number Exercisable at June 30, 2023Weighted
Average
Exercise
Price
$18.26 - $20.00
67,142 7.3$18.26 67,142 $18.26 
$20.01 - $30.00
— 0.0$— — $— 
$30.01 - $40.00
799,059 3.4$38.36 775,668 $38.48 
$40.01 - $50.00
437,893 3.9$42.40 433,328 $42.36 
$50.01 - $59.32
504,080 2.0$53.00 504,080 $53.00 
 1,808,174  $42.67 1,780,218 $42.78 
Summary of Nonvested Stock Awards Activity
 Number of AwardsWeighted Average Grant Date Fair Value
Restricted Award Balance at June 30, 2020324,418 $45.99 
Time-based granted413,288 $23.85 
Vested(180,565)$45.34 
Forfeited(60,816)$32.89 
Restricted Award Balance at June 30, 2021496,325 $29.44 
Time-based granted281,533 $35.76 
Vested(216,656)$32.71 
Forfeited(45,538)$32.35 
Restricted Award Balance at June 30, 2022515,664 $31.27 
Time-based granted285,268 $39.01 
Vested(246,306)$31.37 
Forfeited(31,880)$35.23 
Restricted Award Balance at June 30, 2023522,746 $35.18 
Summary of Director Stock Units Activity
 Number of UnitsWeighted Average Grant Date Fair Value
Outstanding at June 30, 2020323,159 $36.25 
Granted62,144 $18.55 
Distributed(40,901)$38.63 
Dividend equivalents8,963 $— 
Outstanding at June 30, 2021353,365 $35.54 
Granted37,234 $33.62 
Distributed(81,136)$33.28 
Dividend equivalents7,770 $— 
Outstanding at June 30, 2022317,233 $31.89 
Granted38,433 $34.93 
Distributed(54,057)$35.85 
Dividend equivalents5,962 $— 
Outstanding at June 30, 2023307,571 $30.75