Employee Benefit Plans (Tables)

3 Months Ended

Sep. 30, 2017

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 months ended September 30, 2017 and 2016, respectively:

	Three Months Ended
	September 30,
	2017		2016
Operating expenses	$	5.2	$	5.6
Selling, general and administrative expenses	28.6		21.5
System development and programming costs	5.2		4.0
Total pre-tax stock-based compensation expense	$	39.0	$	31.1
Income tax benefit	$	14.1	$	11.2

Changes In Stock Options Outstanding

tock Options:

	Number of Options (in thousands)		Weighted Average Price (in dollars)
Options outstanding at July 1, 2017	4,172		$	75
Options granted	1,134		$	107
Options exercised	(320	)	$	66
Options canceled/forfeited	(53	)	$	81
Options outstanding at September 30, 2017	4,933		$	83

Time Based Restricted Shares and Units

Time-Based Restricted Stock and Time-Based Restricted Stock Units:

	Number of Shares (in thousands)		Number of Units (in thousands)
Restricted shares/units outstanding at July 1, 2017	1,761		386
Restricted shares/units granted	808		179
Restricted shares/units vested	(862	)	(194	)
Restricted shares/units forfeited	(27	)	(4	)
Restricted shares/units outstanding at September 30, 2017	1,680		367

Performance Based Restricted shares and units

Performance-Based Restricted Stock and Performance-Based Restricted Stock Units:

	Number of Shares (in thousands)		Number of Units (in thousands)
Restricted shares/units outstanding at July 1, 2017	404		769
Restricted shares/units granted	157		338
Restricted shares/units vested	(238	)	(248	)
Restricted shares/units forfeited	(4	)	(15	)
Restricted shares/units outstanding at September 30, 2017	319		844

Assumptions Used To Estimate Fair Value For Stock Options Granted

The fair value for stock options granted was estimated at the date of grant using the following assumptions:

	Three Months Ended
	September 30,
	2017			2016
Risk-free interest rate	1.8		%	1.2		%
Dividend yield	2.1		%	2.3		%
Weighted average volatility factor	21.7		%	23.2		%
Weighted average expected life (in years)	5.4			5.4
Weighted average fair value (in dollars)	$	17.50		$	14.36

Schedule of Net Benefit Costs

The components of net pension expense were as follows:

	Three Months Ended
	September 30,
	2017			2016
Service cost – benefits earned during the period	$	18.6		$	20.2
Interest cost on projected benefits	16.3			15.1
Expected return on plan assets	(34.3		)	(34.0		)
Net amortization and deferral	2.1			4.8
Net pension expense	$	2.7		$	6.1