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LEASES (Tables)
6 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of lease cost
The following chart provides additional information about the Company’s operating leases for the three and six months ended December 31, 2020:
Three Months Ended
December 31,
Six Months Ended
December 31,
Lease Cost:2020201920202019
Operating lease cost$19.8 $25.4 $39.0 $51.8 
Short-term lease cost0.2 0.7 0.4 1.3 
Variable lease cost16.4 10.0 30.3 20.3 
Sublease income(3.0)(2.4)(4.5)(4.6)
Net lease cost$33.4 $33.7 $65.2 $68.8 
Other information:
Operating cash outflows from operating leases$(48.5)$(24.8)$(79.9)$(51.4)
Right-of-use assets obtained in exchange for lease obligations$2.8 $23.8 $10.8 $(2.3)
Weighted-average remaining lease term - real estate6.47.5
Weighted-average discount rate - real estate leases3.49 %3.23 %
Schedule of future minimum lease payments for operating leases
Future minimum lease payments for the Company’s operating leases as of December 31, 2020 are as follows:
Fiscal Year Ending June 30,
2021, remaining$56.3 
202281.8 
202366.6 
202453.6 
202540.8 
Thereafter129.2 
Total future lease payments428.3 
Less: imputed interest(46.9)
Total present value of lease liabilities381.4 
Current operating lease liabilities88.0 
Long-term operating lease liabilities293.4 
Total operating lease liabilities$381.4 

Table excludes obligations for leases with original terms of twelve months or less which have not been recognized as ROU assets or liabilities in the Condensed Consolidated Balance Sheets.