Other (Income)/Expense, Net

12 Months Ended

Jun. 30, 2021

OTHER (INCOME)/EXPENSE, NET

Other (income)/expense, net consists of the following:


Years ended June 30,	2021		2020		2019
Interest income on corporate funds	$	(36.5)	$	(84.5)	$	(97.6)


Realized (gains)/losses on available-for-sale securities, net	(11.3)		(12.9)		0.9


Impairment of assets	19.9		29.9		12.1
Gain on sale of assets	(8.1)		(5.8)		(4.1)
Gain on sale of investment	(1.7)		(0.2)		(15.7)

Non-service components of pension income, net (see Note 10)	(58.6)		(74.5)		(6.7)
Other (income)/expense, net	$	(96.3)	$	(148.0)	$	(111.1)

In fiscal 2021, the Company recorded impairment charges of $19.9 million which is comprised of a write down of $10.5 million related to internally developed software which was determined to have no future use, impairment charges of $9.4 million related to operating right-of-use assets and certain related fixed assets associated with vacating certain leased locations early, and recognizing certain owned facilities at fair value given intent to sell and accordingly classified as held for sale.

In fiscal 2020, the Company recorded impairment charges of $25.3 million as a result of recognizing certain owned facilities at fair value given intent to sell and accordingly classified as held for sale. In addition, the Company vacated certain leased locations early and recorded total impairment charges of $4.6 million related to operating right-of-use assets and certain related fixed assets associated with the vacated locations.

In fiscal 2019, the Company wrote down $12.1 million of internally developed software which was determined to have no future use due to redundant software identified as part of a recent acquisition.

In fiscal 2019, the Company recognized a gain of $15.7 million in relation to the sale of an investment held at cost acquired in

prior years and subsequently sold during fiscal 2019.