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Employee Benefit Plans (Tables)
 6 Months Ended
Dec. 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 six months ended December 31, 2015 and 2014, respectively:
 
Three Months Ended
 
Six Months Ended
 
December 31,
 
December 31,
 
2015
 
2014
 
2015
 
2014
Operating expenses
$
5.9

 
$
7.5

 
$
11.7

 
$
15.0

Selling, general and administrative expenses
25.7

 
23.2

 
50.0

 
48.8

System development and programming costs
4.5

 
5.5

 
9.0

 
11.1

Total pre-tax stock-based compensation expense
$
36.1

 
$
36.2

 
$
70.7

 
$
74.9

 
 
 
 
 
 
 
 
Income tax benefit
$
13.2

 
$
12.8

 
$
25.8

 
$
26.7
Changes In Stock Options Outstanding
 
 

Number
of Options
(in thousands)
 

Weighted
Average Price
(in dollars)
Options outstanding at July 1, 2015
 
5,888

 
$
55

Options granted
 
1,138

 
$
75

Options exercised
 
(766
)
 
$
39

Options canceled/forfeited
 
(124
)
 
$
70

Options outstanding at December 31, 2015
 
6,136

 
$
61
Time Based Restricted Shares and Units
 
 

Number of Shares
(in thousands)
 

Number of Units
(in thousands)
Restricted shares/units outstanding at July 1, 2015
 
2,137

 
486

Restricted shares/units granted
 
974

 
240

Restricted shares/units vested
 
(1,123
)
 
(245
)
Restricted shares/units forfeited
 
(77
)
 
(18
)
Restricted shares/units outstanding at December 31, 2015
 
1,911

 
463
Performance Based Restricted shares and units
 
 

Number of Shares
(in thousands)
 
Number of Units
(in thousands)
Restricted shares/units outstanding at July 1, 2015
 
903

 
534

Restricted shares/units granted
 
286

 
353

Restricted shares/units vested
 
(540
)
 
(37
)
Restricted shares/units forfeited
 
(40
)
 
(32
)
Restricted shares/units outstanding at December 31, 2015
 
609

 
818
Assumptions Used To Estimate Fair Value For Stock Options Granted
 
Six Months Ended
 
December 31,
 
2015
 
2014
Risk-free interest rate
1.6
%
 
1.9
%
Dividend yield
2.6
%
 
2.3
%
Weighted average volatility factor
25.6
%
 
22.8
%
Weighted average expected life (in years)
5.4

 
5.4

Weighted average fair value (in dollars) (A)
$
13.16

 
$
12.45



(A) The weighted average fair values of grants issued before December 31, 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
 
Six Months Ended
 
December 31,
 
December 31,
 
2015
 
2014
 
2015
 
2014
Service cost – benefits earned during the period
$
17.6

 
$
16.5

 
$
35.2

 
$
35.7

Interest cost on projected benefits
16.9

 
15.7

 
33.8

 
31.5

Expected return on plan assets
(32.8
)
 
(32.5
)
 
(65.7
)
 
(65.0
)
Net amortization and deferral
2.7

 
4.3

 
5.5

 
8.7

Curtailments and special termination benefits
—

 
—

 
—

 
3.2

Net pension expense
$
4.4

 
$
4.0

 
$
8.8

 
$
14.1