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Debt | 12 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Debt | DEBT The Company issued four series of fixed-rate notes with staggered maturities of 7 and 10-years totaling $4.0 billion (collectively the “Notes”). The Notes are senior unsecured obligations, and interest is payable in arrears, semi-annually. During the first quarter ended September 30, 2024, the Company issued $1.0 billion of senior notes due in 2034 bearing a fixed interest rate of 4.450%. In connection with the senior notes issuance, the Company terminated several derivative contracts in place to hedge exposure in changes in benchmark interest rates for the senior notes issued with an aggregate notional amount totaling $1.0 billion (of which $400.0 million were executed during the first quarter ended September 30, 2024 and $600.0 million were executed on the day of issuance). Since these derivative contracts were classified as cash flow hedges, the unamortized loss of $12.5 million was deferred in accumulated other comprehensive (loss)/income and will be amortized to earnings over the life of the respective issued Note as the interest payments are made. During the fourth quarter ended June 30, 2025, the Company issued $1.0 billion of senior notes due in 2032 bearing a fixed interest rate of 4.750%. In connection with the senior notes issuance, the Company also terminated several derivative contracts in place to hedge exposure in changes in benchmark interest rates for the senior notes issued with an aggregate notional amount totaling $1.0 billion (of which $300.0 million were entered into during the third quarter ended March 31, 2025, $100.0 million were entered into during the fourth quarter ended June 30, 2025, and $600.0 million were entered into on the day of issuance). Since these derivative contracts were classified as cash flow hedges, the unamortized loss of $3.0 million was deferred in accumulated other comprehensive (loss)/income and will be amortized to earnings over the life of the respective issued Note as the interest payments are made. During the fourth quarter ended June 30, 2025, the Company redeemed $1.0 billion of senior notes which were due to mature on September 15, 2025 and were bearing a fixed interest rate of 3.375%. The principal amounts and associated effective interest rates of the Notes and other debt as of June 30, 2025 and 2024 are as follows:
Debt instrument |  | Effective Interest Rate |  | June 30, 2025 |  | June 30, 2024
Fixed-rate 3.375% notes due September 15, 2025 |  | 3.47% |  | $ | — |  |  | $ | 1,000.0 |
Fixed-rate 1.700% notes due May 15, 2028 |  | 1.85% |  | 1,000.0 |  |  | 1,000.0 |
Fixed-rate 1.250% notes due September 1, 2030 |  | 1.83% |  | 1,000.0 |  |  | 1,000.0 |
Fixed-rate 4.750% notes due May 8, 2032 |  | 4.95% |  | 1,000.0 |  |  | — |
Fixed-rate 4.450% notes due September 9, 2034 |  | 4.75% |  | 1,000.0 |  |  | — |
Other |  |  |  | 2.9 |  |  | 4.1 |
|  |  |  | 4,002.9 |  |  | 3,004.1 |
Less: current portion (a) |  |  |  | (1.0) |  |  | (1.1) |
Less: unamortized discount and debt issuance costs |  |  |  | (27.2) |  |  | (11.7) |
Total long-term debt |  |  |  | $ | 3,974.7 |  |  | $ | 2,991.3 |
(a) - Current portion of long-term debt as of June 30, 2025 is included within accrued expenses and other current liabilities on the Consolidated Balance Sheets. The effective interest rates for the Notes include the interest on the Notes and amortization of the discount and debt issuance costs. As of June 30, 2025, the fair value of the Notes, based on Level 2 inputs, was $3,801.5 million. For a description of the fair value hierarchy and the Company's fair value methodologies, including the use of an independent third-party pricing service, see Note 1 "Summary of Significant Accounting Policies."

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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