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LEASES (Tables) | 6 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Schedule of lease cost | The following chart provides additional information about the Company’s operating leases:
| Three Months Ended December 31, |  | Six Months Ended December 31,
Lease Cost: | 2022 |  | 2021 |  | 2022 |  | 2021
Operating lease cost | $ | 19.3 |  |  | $ | 21.2 |  |  | $ | 38.5 |  |  | $ | 42.1 |
Short-term lease cost | 0.3 |  |  | 0.3 |  |  | 0.5 |  |  | 0.6 |
Variable lease cost | 8.2 |  |  | 10.0 |  |  | 16.8 |  |  | 18.9 |
Sublease income | (3.9) |  |  | (5.4) |  |  | (7.7) |  |  | (10.7) |
Net lease cost | $ | 23.9 |  |  | $ | 26.1 |  |  | $ | 48.1 |  |  | $ | 50.9 |
Other information: |  |  |  |  |  |  |
Operating cash outflows from operating leases | $ | (18.7) |  |  | $ | (22.8) |  |  | $ | (40.4) |  |  | $ | (45.3) |
Right-of-use assets obtained in exchange for lease obligations | $ | 6.2 |  |  | $ | 18.6 |  |  | $ | 13.8 |  |  | $ | 27.0 |
Weighted-average remaining lease term - real estate |  |  |  |  | 7.4 years |  | 6.3 years
Weighted-average discount rate - real estate leases |  |  |  |  | 4.07 | % |  | 3.49 | %
Schedule of future minimum lease payments for operating leases | Future minimum lease payments for the Company’s operating leases are as follows:
Fiscal Year Ending June 30, |
2023, remaining | $ | 39.2 |
2024 | 67.9 |
2025 | 56.9 |
2026 | 46.0 |
2027 | 38.8 |
Thereafter | 136.2 |
Total future lease payments | 385.0 |
Less: imputed interest | (58.8) |
Total present value of lease liabilities | 326.2 |
Current operating lease liabilities | 61.0 |
Long-term operating lease liabilities | 265.2 |
Total operating lease liabilities | $ | 326.2 |
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 https://asc.fasb.org/extlink&oid=128292326&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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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