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Leases (Tables) | 6 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Lease Cost | The components of operating lease expense were as follows:
| Three Months Ended |  | Six Months Ended
| December 31, |  | December 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Operating lease cost | $ | 27.3 |  |  | $ | 32.2 |  |  | $ | 54.8 |  |  | $ | 66.2 |
Short-term lease cost | 0.2 |  |  | 0.4 |  |  | 0.5 |  |  | 0.9 |
Variable lease cost | 4.6 |  |  | 4.8 |  |  | 11.2 |  |  | 8.0 |
Total operating lease cost | $ | 32.1 |  |  | $ | 37.4 |  |  | $ | 66.5 |  |  | $ | 75.1 |
The following table provides supplemental cash flow information related to the Company's leases:
| Six Months Ended
| December 31,
| 2024 |  | 2023
Cash paid for operating lease liabilities | $ | 59.3 |  |  | $ | 63.6 |
Operating lease ROU assets obtained in exchange for new operating lease liabilities | $ | 31.7 |  |  | $ | 45.8 |
Other information related to our operating lease liabilities is as follows:
| December 31, |  | June 30,
| 2024 |  | 2024
Weighted-average remaining lease term (in years) | 5 |  | 5
Weighted-average discount rate | 3.4 | % |  | 3.3 | %
Current operating lease liability | $ | 94.6 |  |  | $ | 92.2 |
Schedule of Lessee, Operating Lease, Liability, Maturity | As of December 31, 2024, maturities of operating lease liabilities are as follows:
Six months ending June 30, 2025 | $ | 55.2 |
Twelve months ending June 30, 2026 | 100.1 |
Twelve months ending June 30, 2027 | 87.1 |
Twelve months ending June 30, 2028 | 66.6 |
Twelve months ending June 30, 2029 | 44.4 |
Thereafter | 77.7 |
Total undiscounted lease obligations | 431.1 |
Less: Imputed interest | (36.2) |
Net lease obligations | $ | 394.9 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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