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Employee Benefit Plans (Tables)
 12 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Components of Stock-Based Compensation Expense
The following table represents stock-based compensation expense and related income tax benefits in each of fiscal 2023, 2022, and 2021, respectively:
Years ended June 30,202320222021
Operating expenses$24.6 $19.7 $17.9 
Selling, general and administrative expenses165.0 155.7 133.9 
System development and programming costs30.8 26.3 23.5 
Total pretax stock-based compensation expense$220.4 $201.7 $175.3 
Income tax benefit$54.5 $49.1 $43.0 
Changes In Stock Options Outstanding Stock Options:
Number
of Options
(in thousands)		Weighted
Average Price
(in dollars)
Options outstanding at July 1, 20223,474 $152 
Options granted— $— 
Options exercised(798)$139 
Options forfeited/cancelled(22)$173 
Options outstanding at June 30, 20232,654 $155 
Options exercisable at June 30, 20231,546 $141 
Shares available for future grants, end of year21,012 
Shares reserved for issuance under stock option plans, end of year23,666 
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, 20221,021 173 
Restricted shares/units granted4 671 
Restricted shares/units vested(541)(87)
Restricted shares/units forfeited(34)(27)
Restricted shares/units outstanding at June 30, 2023450 730 
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, 2022222 757 
Restricted shares/units granted95 330 
Restricted shares/units vested(106)(256)
Restricted shares/units forfeited(14)(10)
Restricted shares/units outstanding at June 30, 2023197 821 
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:
 202320222021
Risk-free interest rateN/A0 %0.1 %
Dividend yieldN/A1.8 %2.6 %
Weighted average volatility factorN/A22.7 %25.8 %
Weighted average expected life (in years)N/A4.95.4
Weighted average fair value (in dollars) N/A$33.03 $21.66 
Weighted average fair value of restricted stock granted The weighted average fair values of shares granted were as follows:
Year ended June 30,202320222021
(in dollars)
Performance-based restricted stock $245.96 $206.86 $138.53 
Time-based restricted stock$214.75 $208.08 $141.52 
Schedule of Net Funded Status
The Company's pension plans' funded status as of June 30, 2023 and 2022 is as follows:
June 30,20232022
Change in plan assets:
Fair value of plan assets at beginning of year$1,800.5 $2,306.3 
Actual return on plan assets126.6 (406.7)
Employer contributions17.0 10.7 
Currency translation adjustments(3.0)(16.4)
Benefits paid(86.7)(93.4)
Fair value of plan assets at end of year$1,854.4 $1,800.5 
Change in benefit obligation:
Benefit obligation at beginning of year$1,779.0 $2,149.3 
Service cost4.8 5.7 
Interest cost78.2 52.3 
Actuarial gain (a)(48.2)(319.2)
Currency translation adjustments(2.0)(22.5)
Plan changes— 6.8 
Acquisitions0.7 — 
Benefits paid(86.7)(93.4)
Projected benefit obligation at end of year$1,725.8 $1,779.0 
Funded status - plan assets less benefit obligations$128.6 $21.5 
(a) The actuarial gain for fiscal 2023 was primarily due to a higher discount rate used to value plan liabilities.
Schedule of Amounts Recognized in Balance Sheet The amounts recognized on the Consolidated Balance Sheets as of June 30, 2023 and 2022 consisted of:
June 30,20232022
Noncurrent assets$247.7 $148.5 
Current liabilities(5.6)(5.3)
Noncurrent liabilities(113.5)(121.7)
Net amount recognized$128.6 $21.5 
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets The Company's pension plans with projected benefit obligations in excess of plan assets as of June 30, 2023 and 2022 had the following projected benefit obligation and fair value of plan assets:
June 30,20232022
Projected benefit obligation$146.1 $145.5 
Fair value of plan assets$27.0 $18.5 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets The Company's pension plans with accumulated benefit obligations in excess of plan assets as of June 30, 2023 and 2022 had the following accumulated benefit obligation and fair value of plan assets:
June 30,20232022
Accumulated benefit obligation$117.0 $132.0 
Fair value of plan assets$8.3 $18.5 
Components of Net Pension (Income)/ Expense The components of net pension (income)/ expense were as follows:
 202320222021
Service cost – benefits earned during the year$4.8 $5.7 $4.9 
Interest cost on projected benefits78.2 52.3 51.4 
Expected return on plan assets(127.5)(127.9)(121.3)
Net amortization and deferral1.9 7.5 9.3 
Special termination benefits, plan curtailments, and settlement charges— 9.0 2.9 
Net pension (income)/expense$(42.6)$(53.4)$(52.8)
Schedule of Assumptions Used Assumptions used to determine the actuarial present value of benefit obligations were:
Years ended June 30,20232022
Discount rate5.10 %4.60 %
Interest crediting rate3.50 %3.25 %
Increase in compensation levelsN/AN/A
Defined Benefit Plan Assumptions Used Calculating Net Pension Expense Assumptions used to determine the net pension expense generally were:
Years ended June 30,202320222021
Discount rate4.60 %2.55 %2.45 %
Interest crediting rate3.25 %3.25 %3.25 %
Expected long-term rate of return on assets6.75 %6.75 %6.75 %
Increase in compensation levelsN/AN/A4.00 %
Schedule of Allocation of Plan Assets The Company's pension plans' asset allocations at June 30, 2023 and 2022 by asset category were as follows:
20232022
Cash and cash equivalents— %2 %
Fixed income securities39 %39 %
U.S. equity securities19 %19 %
International equity securities15 %15 %
Global equity securities27 %25 %
100 %100 %
Defined Benefit Plan Target Allocation Percentage The target asset allocation ranges for the U.S. plan are generally as follows:
U.S. fixed income securities
35% - 45%
U.S. equity securities
14% - 24%
International equity securities
11% - 21%
Global equity securities
20% - 30%
Fair Value, Assets Measured on Recurring Basis
The following table presents the investments of the pension plans measured at fair value at June 30, 2023:
Level 1Level 2Level 3Total
Commingled trusts$— $829.5 $— $829.5 
Government securities— 351.7 — 351.7 
Mutual funds18.2 279.0 — 297.2 
Corporate and municipal bonds— 355.1 — 355.1 
Mortgage-backed security bonds— 18.7 — 18.7 
Total pension asset investments$18.2 $1,834.0 $— $1,852.2 

In addition to the investments in the above table, the pension plans also held cash and cash equivalents of $2.2 million as of June 30, 2023, which have been classified as Level 1 in the fair value hierarchy.

The following table presents the investments of the pension plans measured at fair value at June 30, 2022:
Level 1Level 2Level 3Total
Commingled trusts$— $798.2 $— $798.2 
U.S. government securities— 350.7 — 350.7 
Mutual funds11.0 252.6 — 263.6 
Corporate and municipal bonds— 322.4 — 322.4 
Mortgage-backed security bonds— 32.8 — 32.8 
Total pension asset investments$11.0 $1,756.7 $— $1,767.7 
In addition to the investments in the above table, the pension plans also held cash and cash equivalents of $32.8 million as of June 30, 2022, which have been classified as Level 1 in the fair value hierarchy.