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Employee Benefit Plans (Tables)
 6 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Components Of Stock-Based Compensation Expense
The following table represents stock-based compensation expense and related income tax benefits for the three and six months ended December 31, 2014 and 2013, respectively:
 
Three Months Ended
 
Six Months Ended
 
December 31,
 
December 31,
 
2014
 
2013
 
2014
 
2013
Operating expenses
$
7.5

 
$
6.3

 
$
15.1

 
$
10.2

Selling, general and administrative expenses
23.3

 
22.1

 
48.9

 
38.8

System development and programming costs
5.5

 
4.9

 
11.1

 
7.6

Total pretax stock-based compensation expense
$
36.3

 
$
33.3

 
$
75.1

 
$
56.6

 
 
 
 
 
 
 
 
Income tax benefit
$
12.8

 
$
11.9

 
$
26.7

 
$
20.3
Changes In Stock Options Outstanding
 
 

Number
of Options
(in thousands)
 

Weighted
Average Price
(in dollars)
Options outstanding at July 1, 2014
 
7,931

 
$
52

Options granted
 
13

 
$
83

Options exercised
 
(1,258
)
 
$
40

Options canceled
 
(119
)
 
$
57

Options increased for spin-off adjustment ratio
 
849

 
$
47

CDK employee options replaced at spin-off with CDK awards
 
(823
)
 
$
54

Options outstanding at December 31, 2014
 
6,593

 
$
47
Time Based Restricted Shares and Units
 
 

Number of Shares
(in thousands)
 

Number of Units
(in thousands)
Restricted shares/units outstanding at July 1, 2014
 
2,341

 
571

Restricted shares/units granted
 
903

 
215

Restricted shares/units vested
 
(1,068
)
 
(250
)
Restricted shares/units forfeited
 
(87
)
 
(32
)
Share/unit increase for spin-off adjustment ratio
 
267

 
64

CDK employee restricted shares/units replaced at spin-off with CDK awards
 
(189
)
 
(43
)
Restricted shares/units outstanding at December 31, 2014
 
2,167

 
525
Performance Based Restricted shares and units
 
 

Number of Shares
(in thousands)
 
Number of Units
(in thousands)
Restricted shares/units outstanding at July 1, 2014
 
803

 
318

Restricted shares/units granted
 
339

 
217

Restricted shares/units vested
 
(223
)
 
(13
)
Restricted shares/units forfeited
 
(44
)
 
(10
)
Share/unit increase for spin-off adjustment ratio
 
118

 
67

CDK employee restricted shares/units replaced at spin-off with CDK awards
 
(45
)
 
(35
)
Restricted shares/units outstanding at December 31, 2014
 
948

 
544
Assumptions Used To Estimate Fair Value For Stock Options Granted
 
Six Months Ended
 
December 31,
 
2014
 
2013
Risk-free interest rate
1.9
%
 
1.5
%
Dividend yield
2.3
%
 
2.4
%
Weighted average volatility factor
22.8
%
 
23.6
%
Weighted average expected life (in years)
5.4

 
5.4

Weighted average fair value (in dollars) (A)
$
12.45

 
$
10.94



(A) The weighted average fair values were adjusted to reflect the impact of the spin-off of CDK.
Components Of Net Pension Expense
The components of net pension expense were as follows:
 
Three Months Ended
 
Six Months Ended
 
December 31,
 
December 31,
 
2014
 
2013
 
2014
 
2013
Service cost – benefits earned during the period
$
16.5

 
$
16.6

 
$
35.7

 
$
33.2

Interest cost on projected benefits
15.7

 
15.7

 
31.5

 
31.3

Expected return on plan assets
(32.5
)
 
(29.9
)
 
(65.0
)
 
(59.7
)
Net amortization and deferral
4.3

 
5.0

 
8.7

 
10.0

Curtailments and special termination benefits
—

 
—

 
3.2

 
—

Net pension expense
$
4.0

 
$
7.4

 
$
14.1

 
$
14.8