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Employee Benefit Plans | 9 Months Ended
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Mar. 31, 2025
Retirement Benefits [Abstract] |
Employee Benefit Plans | Employee Benefit Plans A. Stock-based Compensation Plans The Company's share-based compensation consists of stock options, time-based restricted stock, time-based restricted stock units, performance-based restricted stock, and performance-based restricted stock units. The Company also offers an employee stock purchase plan for eligible employees. Beginning in September 2022, the Company discontinued granting stock options, time-based restricted stock and performance-based restricted stock. Any such future awards will be grants of time-based restricted stock units and/or performance-based restricted stock units, depending on employee eligibility. Time-based restricted stock unit awards and performance-based restricted stock unit awards granted to employees with a home country of the United States are settled in stock, and for awards granted to employees with a home country outside the United States are generally settled in cash. The Company currently utilizes treasury stock to satisfy stock option exercises, issuances under the Company's employee stock purchase plan, and restricted stock units. From time to time, the Company may repurchase shares of its common stock under its authorized share repurchase program. The Company repurchased 1.0 million and 1.2 million shares in the three months ended March 31, 2025 and 2024, respectively, and repurchased 3.4 million and 3.3 million shares in the nine months ended March 31, 2025 and 2024, respectively. The Company considers several factors in determining when to execute share repurchases, including, among other things, actual and potential acquisition activity, cash balances and cash flows, issuances due to employee benefit plan activity, and market conditions. The following table represents pre-tax stock-based compensation expense for the three and nine months ended March 31, 2025 and 2024, respectively:
| Three Months Ended |  | Nine Months Ended
| March 31, |  | March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Operating expenses | $ | 9.0 |  |  | $ | 7.8 |  |  | $ | 27.3 |  |  | $ | 22.6 |
Selling, general and administrative expenses | 45.5 |  |  | 39.2 |  |  | 147.4 |  |  | 139.6 |
Research and development | 8.3 |  |  | 9.3 |  |  | 27.8 |  |  | 26.5 |
Total stock-based compensation expense | $ | 62.8 |  |  | $ | 56.3 |  |  | $ | 202.5 |  |  | $ | 188.7 |
B. Pension Plans The components of net pension income were as follows:
| Three Months Ended |  |  |  | Nine Months Ended
| March 31, |  |  |  | March 31,
| 2025 |  | 2024 |  |  |  |  |  | 2025 |  | 2024
Service cost – benefits earned during the period | $ | 1.5 |  |  | $ | 1.3 |  |  |  |  |  |  | $ | 4.5 |  |  | $ | 3.9 |
Interest cost on projected benefits | 21.8 |  |  | 21.2 |  |  |  |  |  |  | 65.5 |  |  | 63.4 |
Expected return on plan assets | (29.0) |  |  | (29.0) |  |  |  |  |  |  | (87.0) |  |  | (86.9) |
Net amortization and deferral | 0.7 |  |  | 0.7 |  |  |  |  |  |  | 2.2 |  |  | 2.2 |
Net pension income | $ | (5.0) |  |  | $ | (5.8) |  |  |  |  |  |  | $ | (14.8) |  |  | $ | (17.4) |

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 710 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/710/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/712/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/715/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent + Details
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