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Employee Benefit Plans (Tables)
 9 Months Ended
Mar. 31, 2015
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 nine months ended March 31, 2015 and 2014, respectively:
 
Three Months Ended
 
Nine Months Ended
 
March 31,
 
March 31,
 
2015
 
2014
 
2015
 
2014
Operating expenses
$
6.3

 
$
5.5

 
$
21.4

 
$
15.7

Selling, general and administrative expenses
24.7

 
20.6

 
73.6

 
59.4

System development and programming costs
4.9

 
4.2

 
16.0

 
11.8

Total pretax stock-based compensation expense
$
35.9

 
$
30.3

 
$
111.0

 
$
86.9

 
 
 
 
 
 
 
 
Income tax benefit
$
13.0

 
$
11.2

 
$
39.8

 
$
31.4
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
 
949

 
$
87

Options exercised
 
(2,555
)
 
$
40

Options canceled
 
(159
)
 
$
58

Options increased for spin-off adjustment ratio
 
849

 
$
47

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

Options outstanding at March 31, 2015
 
6,192

 
$
55
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
 
907

 
217

Restricted shares/units vested
 
(1,073
)
 
(250
)
Restricted shares/units forfeited
 
(130
)
 
(34
)
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 March 31, 2015
 
2,123

 
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
 
(224
)
 
(13
)
Restricted shares/units forfeited
 
(68
)
 
(14
)
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 March 31, 2015
 
923

 
540
Assumptions Used To Estimate Fair Value For Stock Options Granted
 
Nine Months Ended
 
March 31,
 
2015
 
2014
Risk-free interest rate
1.5% - 1.9%

 
1.5% - 1.7%

Dividend yield
2.3
%
 
2.3% - 2.4%

Weighted average volatility factor
22.8% - 23.5%

 
23.8%

Weighted average expected life (in years)
5.4

 
5.4

Weighted average fair value (in dollars) (A)
$
14.28

 
$
11.89



(A) The weighted average fair values of grants before September 30, 2014 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
 
Nine Months Ended
 
March 31,
 
March 31,
 
2015
 
2014
 
2015
 
2014
Service cost – benefits earned during the period
$
16.4

 
$
16.6

 
$
52.0

 
$
49.8

Interest cost on projected benefits
15.6

 
15.6

 
47.2

 
46.9

Expected return on plan assets
(32.4
)
 
(29.8
)
 
(97.3
)
 
(89.5
)
Net amortization and deferral
4.3

 
5.0

 
12.9

 
15.0

Curtailments and special termination benefits
—

 
—

 
3.2

 
—

Net pension expense
$
3.9

 
$
7.4

 
$
18.0

 
$
22.2