SHARE-BASED COMPENSATION PLANS

6 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Share-based compensation expense is recognized on a straight-line basis over the requisite service period. Total share-based compensation is shown in the table below:


	Three Months Ended December 31,				Six Months Ended December 31,
	2020		2019		2020		2019
Equity plan expense (a)	$	13.7	$	8.6	$	18.6	$	13.0
Equity plan modified and cash settled	—		—		0.9		—
Liability plan (income) expense	0.8		—		0.7		—
Fringe expense	0.4		1.0		0.4		1.0
Total share-based compensation expense	$	14.9	$	9.6	$	20.6	$	14.0

(a) Equity plan shared-based compensation expense of $14.4 and $10.3, and $20.6 and $16.5 were recorded to additional paid in capital and presented in the Condensed Consolidated Statements of Equity for the three and six months ended December 31, 2020 and 2019, respectively. Of the $14.4 and $10.3 for the three months ended December 31, 2020 and 2019, respectively, $0.7 and $1.7, respectively, were reclassified to discontinued operations. Of the $20.6 and $16.5 for the six months ended December 31, 2020 and 2019, respectively, $2.0 and $3.5, respectively, were reclassified to discontinued operations.

The share-based compensation expense for the three and six months ended December 31, 2020 of $14.9 and $20.6, respectively, includes $17.3 and $23.7 expense offset by $(2.4) and $(3.1) income, respectively, primarily due to significant executive forfeitures of share-based compensation instruments. The share-based compensation expense for the three and six months ended December 31, 2019 of $9.6 and $14.0, respectively, includes $9.6 and $16.5 expense offset by nil and $2.5 income, respectively, primarily due to significant executive forfeitures of share-based compensation instruments.

As of December 31, 2020, the total unrecognized share-based compensation expense related to stock options, Series A Preferred Stock, restricted stock, restricted stock units and other share awards is $16.3, $0.0, $2.6 and $69.8, respectively. The unrecognized share-based compensation expense related to stock options, Series A Preferred stock, restricted stock, restricted stock units and other share awards is expected to be recognized over a weighted-average period of 3.01, 0.00, 2.43 and 2.85 years, respectively.

Restricted Share Units and Other Share Awards

The Company granted 8.7 and 8.7 shares of RSUs and other share awards during the three and six months ended December 31, 2020, respectively. The Company recognized share-based compensation expense of $11.8 and $6.8 for the three months ended December 31, 2020 and 2019, respectively and $17.1 and $10.5 for the six months ended December 31, 2020 and 2019, respectively.

Restricted Stock

The Company granted no shares of restricted stock and other share awards during the three and six months ended December 31, 2020. The Company recognized share-based compensation expense of $0.6 and nil for the three months ended December 31, 2020 and 2019, respectively and $0.5 and nil for the six months ended December 31, 2020 and 2019, respectively.

Series A Preferred Stock and Series A-1 Preferred Stock

The Company granted no shares of Series A Preferred Stock and no shares of Series A-1 Preferred Stock during the three and six months ended December 31, 2020. The Company recognized share-based compensation expense (income) of $0.5 and $0.5 for the three months ended December 31, 2020 and 2019, respectively and $0.4 and $1.0 for the six months ended December 31, 2020 and 2019, respectively.

Non-Qualified Stock Options

The Company granted no non-qualified stock options during the three and six months ended December 31, 2020. The Company recognized share-based compensation expense of $2.0 and $2.3 for the three months ended December 31, 2020 and 2019, respectively and $2.6 and $2.6 for the six months ended December 31, 2020 and 2019, respectively.