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LEASES (Tables) | 9 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Schedule of lease cost | The following chart provides additional information about the Company’s operating leases for the three and nine months ended March 31, 2021:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
Lease Cost: | 2021 |  | 2020 |  | 2021 |  | 2020
Operating lease cost | $ | 21.4 |  |  | $ | 20.7 |  |  | $ | 60.4 |  |  | $ | 72.5 |
Short-term lease cost | 0.1 |  |  | 0.5 |  |  | 0.5 |  |  | 1.8 |
Variable lease cost | 8.3 |  |  | 13.0 |  |  | 38.6 |  |  | 33.3 |
Sublease income | (5.6) |  |  | (2.1) |  |  | (10.1) |  |  | (6.7) |
Net lease cost | $ | 24.2 |  |  | $ | 32.1 |  |  | $ | 89.4 |  |  | $ | 100.9 |
Other information: |  |  |  |  |  |  |
Operating cash outflows from operating leases | $ | (29.2) |  |  | $ | (25.4) |  |  | $ | (109.1) |  |  | $ | (76.8) |
Right-of-use assets obtained in exchange for lease obligations | $ | 16.6 |  |  | $ | 9.0 |  |  | $ | 27.4 |  |  | $ | 6.7 |
Weighted-average remaining lease term - real estate |  |  |  |  | 6.5 |  | 7.4
Weighted-average discount rate - real estate leases |  |  |  |  | 3.55 | % |  | 3.12 | %
Schedule of future minimum lease payments for operating leases | Future minimum lease payments for the Company’s operating leases as of March 31, 2021 are as follows:
Fiscal Year Ending June 30, |
2021, remaining | $ | 25.7 |
2022 | 83.9 |
2023 | 66.8 |
2024 | 53.4 |
2025 | 41.6 |
Thereafter | 135.4 |
Total future lease payments | 406.8 |
Less: imputed interest | (47.1) |
Total present value of lease liabilities | 359.7 |
Current operating lease liabilities | 79.3 |
Long-term operating lease liabilities | 280.4 |
Total operating lease liabilities | $ | 359.7 |
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.

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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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