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Restructuring (Tables)

9 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Charges

As a result of the Restructuring Plan, the Company incurred the following charges, of which Asset write-downs and write-offs are included within Impairment expense and loss on disposals in the condensed consolidated statements of operations and comprehensive (loss) income. The

remaining charges incurred due to the restructuring plan are included within Restructuring expense in the condensed consolidated statements of operations and comprehensive (loss) income:

			Three Months Ended March 31,						Nine Months Ended March 31,
			2022						2022
Cash restructuring charges:			(in millions)
Severance and other personnel costs			$	99.4					$	99.4
Professional fees and other related charges			14.3						14.3
Total cash charges			113.7						113.7
Non-cash charges:
Asset write-downs and write-offs			27.4						27.4
Stock-based compensation expense			44.9						44.9
Total non-cash charges			72.3						72.3
Total			$	186.0					$	186.0

Schedule of Restructuring Related Liabilities

The following table presents a roll-forward of cash restructuring-related liabilities, which is included within Accounts payable and accrued expenses in the condensed consolidated balance sheets, as follows:

			Severance and other personnel costs						Professional fees and other related charges						Total
			(in millions)
Balance as of June 30, 2021			$	—					$	—					$	—
Charges			99.4						14.3						113.7
Cash payments			(73.3)						(14.3)						(87.6)
Balance as of March 31, 2022			$	26.1					$	—					$	26.1

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
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-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Topic 420
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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-Publisher FASB
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-Topic 420
-SubTopic 10
-Section S99
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-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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