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Leases (Tables) | 9 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Summary of lease cost | The following table sets forth the components of the Company’s lease cost for the three and nine months ended March 31, 2021:
|  | Three Months Ended March 31, |  | Nine Months Ended March 31, |
($ in millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
Operating lease cost |  | $ | 3.0 |  |  | $ | 3.8 |  |  | $ | 9.8 |  |  | $ | 10.8 |  |
Short-term lease cost |  | 0.7 |  |  | 0.9 |  |  | 2.3 |  |  | 2.7 |  |
Variable lease cost |  | — |  |  | 0.1 |  |  | 0.2 |  |  | 0.3 |  |
Sublease income |  | (0.3) |  |  | — |  |  | (0.5) |  |  | — |  |
Total lease cost |  | $ | 3.4 |  |  | $ | 4.8 |  |  | $ | 11.8 |  |  | $ | 13.8 |  |
Operating cash flow payments from operating leases |  | $ | 3.1 |  |  | $ | 3.9 |  |  | $ | 10.2 |  |  | $ | 10.5 |  |
Non-cash ROU assets obtained in exchange for lease obligations |  | $ | — |  |  | $ | 5.2 |  |  | $ | 1.4 |  |  | $ | 18.7 |  |
The following table sets forth the Company’s weighted-average remaining lease term and weighted-average discount rate at March 31, 2021 and June 30, 2020:
|  | March 31, 2021 |  | June 30, 2020
Weighted-average remaining lease term - operating leases |  | 8.4 years |  | 8.1 years
Weighted-average discount rate - operating leases |  | 4.0 | % |  | 3.9 | %
Summary of right-of-use assets and lease liabilities | The following table sets forth the Company’s ROU assets and lease liabilities at March 31, 2021 and June 30, 2020:
($ in millions) |  | March 31, 2021 |  | June 30, 2020
Operating lease assets: |  |  |  |
Other assets |  | $ | 35.9 |  |  | $ | 52.0 |
Operating lease liabilities: |  |  |  |
Other accrued liabilities |  | $ | 9.3 |  |  | $ | 11.5 |
Other liabilities |  | 37.2 |  |  | 50.3 |
Total operating lease liabilities |  | $ | 46.5 |  |  | $ | 61.8 |
Schedule of minimum lease payments for operating leases expiring | Minimum lease payments for operating leases expiring subsequent to March 31, 2021 are as follows:
($ in millions) |  | March 31, 2021
2021 (remaining period of fiscal year) |  | $ | 2.9 |
2022 |  | 10.2 |
2023 |  | 8.5 |
2024 |  | 6.4 |
2025 |  | 4.1 |
Thereafter |  | 23.9 |
Total future minimum lease payments |  | 56.0 |
Less imputed interest |  | (9.5) |
Total |  | $ | 46.5 |

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- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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