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RESTRUCTURING COSTS | 6 Months Ended
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Dec. 31, 2022
Restructuring and Related Activities [Abstract] |
RESTRUCTURING COSTS | RESTRUCTURING COSTS Restructuring costs for the three and six months ended December 31, 2022 and 2021 are presented below:
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Transformation Plan | $ | (2.9) |  |  | $ | (4.1) |  |  | $ | (4.1) |  |  | $ | 8.3 |
Total | $ | (2.9) |  |  | $ | (4.1) |  |  | $ | (4.1) |  |  | $ | 8.3 |
Transformation Plan In connection with the four-year plan announced on July 1, 2019 to drive substantial improvement and optimization in the Company's businesses (the “Turnaround Plan”), the Company has and expects to continue to incur restructuring and related costs. On May 11, 2020, the Company announced an expansion of the Turnaround Plan to further reduce fixed costs, (the “Transformation Plan”). Of the expected costs, the Company has incurred cumulative restructuring charges of $219.2 related to approved initiatives through December 31, 2022, which have been recorded in Corporate. Over the next fiscal year, the Company expects to incur approximately $4.0 of additional restructuring charges pertaining to the approved actions, primarily related to employee termination benefits. The following table presents aggregate restructuring charges for the program:
| Severance and Employee Benefits |  |  |  | Fixed Asset Write-offs |  | Other Exit Costs |  | Total
Fiscal 2020 | $ | 151.2 |  |  |  |  | $ | (1.1) |  |  | $ | 6.5 |  |  | $ | 156.6 |
Fiscal 2021 | 73.4 |  |  |  |  | (0.5) |  |  | 0.3 |  |  | 73.2 |
Fiscal 2022 | (6.2) |  |  |  |  | — |  |  | (0.3) |  |  | (6.5) |
Fiscal 2023 | (4.1) |  |  |  |  | — |  |  | — |  |  | (4.1) |
Cumulative through December 31, 2022 | $ | 214.3 |  |  |  |  | $ | (1.6) |  |  | $ | 6.5 |  |  | $ | 219.2 |
The related liability balance and activity of restructuring costs for the Transformation Plan restructuring costs are presented below:
| Severance and Employee Benefits |  |  |  |  |  |  |  | Total
Balance—July 1, 2022 | $ | 55.2 |  |  |  |  |  |  |  |  | $ | 55.2 |
Restructuring charges | 1.5 |  |  |  |  |  |  |  |  | 1.5 |
Payments | (28.6) |  |  |  |  |  |  |  |  | (28.6) |
Changes in estimates | (5.6) |  |  |  |  |  |  |  |  | (5.6) |
Effect of exchange rates | (1.2) |  |  |  |  |  |  |  |  | (1.2) |
Balance—December 31, 2022 | $ | 21.3 |  |  |  |  |  |  |  |  | $ | 21.3 |
The Company currently estimates that the total remaining accrual of $21.3 will result in cash expenditures of approximately $13.1, $7.7 and $0.5 in fiscal 2023, 2024 and thereafter, respectively.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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