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Acquisitions (Tables) | 12 Months Ended
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Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Purchase Price, Net of Cash Acquired | The following table reconciles the purchase price to the cash paid for the acquisition, net of cash acquired:
Purchase price | $ | 1,170.8 |
Less: cash acquired | (12.5) |
Cash paid for acquisition of business, net of cash acquired | $ | 1,158.3 |
Schedule of Preliminary Purchase Price Allocation | The preliminary purchase price allocation for WorkForce Software is as follows:
Cash | $ | 12.5 |
Accounts receivable, net of allowance for doubtful accounts | 20.0 |
Identifiable intangible assets (1) | 292.0 |
Goodwill | 880.4 |
Deferred income taxes, net of valuation allowance | 51.2 |
All other assets | 14.8 |
Total assets acquired | $ | 1,270.9 |
Deferred revenue | $ | 39.6 |
All other liabilities | 60.5 |
Total liabilities assumed | $ | 100.1 |
Total net assets acquired | $ | 1,170.8 |
(1) Intangible assets are recorded at estimated fair value, as determined by management based on available information which includes an estimated valuation by an independent third-party. The fair values assigned to identifiable intangible assets were determined through the use of the income approach, specifically the relief from royalty and the multi-period excess earnings methods. The major assumptions used in arriving at the estimated identifiable intangible asset values included management’s estimates of future cash flows, discounted at an appropriate rate of return which are based on the weighted average cost of capital for both the Company and other market participants, projected customer attrition rates, as well as applicable royalty rates for comparable assets. The useful lives for intangible assets were determined based upon the remaining useful economic lives of the intangible assets that are expected to contribute directly or indirectly to the future cash flows. The estimated fair value of intangible assets and related useful lives as included in the estimated purchase price allocation include:
| Estimated Fair Value |  | Estimated Useful Life (in years)
Technology | $ | 115.0 |  |  | 7
Customer/Partner relationships | $ | 170.0 |  |  | 8
Tradename | $ | 7.0 |  |  | 4
Schedule of Finite-Lived Intangible Assets | The estimated fair value of intangible assets and related useful lives as included in the estimated purchase price allocation include:
| Estimated Fair Value |  | Estimated Useful Life (in years)
Technology | $ | 115.0 |  |  | 7
Customer/Partner relationships | $ | 170.0 |  |  | 8
Tradename | $ | 7.0 |  |  | 4
Components of intangible assets, net, are as follows:
June 30, |  | 2025 |  | 2024
Intangible assets: |  |  |  |
Software and software licenses |  | $ | 4,103.6 |  |  | $ | 3,803.7 |
Customer contracts and lists |  | 1,429.4 |  |  | 1,181.6 |
Other intangibles |  | 249.8 |  |  | 242.0 |
|  | 5,782.8 |  |  | 5,227.3 |
Less accumulated amortization: |  |  |  |
Software and software licenses |  | (2,830.3) |  |  | (2,642.6) |
Customer contracts and lists |  | (1,105.6) |  |  | (1,007.6) |
Other intangibles |  | (243.9) |  |  | (241.1) |
|  | (4,179.8) |  |  | (3,891.3) |
Intangible assets, net |  | $ | 1,603.0 |  |  | $ | 1,336.0 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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