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RESTRUCTURING COSTS | 9 Months Ended
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Mar. 31, 2024
Restructuring and Related Activities [Abstract] |
RESTRUCTURING COSTS | RESTRUCTURING COSTS Restructuring costs for the three and nine months ended March 31, 2024 and 2023 are presented below:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Current Restructuring Actions | $ | 1.2 |  |  | $ | — |  |  | $ | 35.9 |  |  | $ | — |
Transformation Plan | (0.3) |  |  | (1.3) |  |  | (0.9) |  |  | (5.4) |
Total | $ | 0.9 |  |  | $ | (1.3) |  |  | $ | 35.0 |  |  | $ | (5.4) |
Current Restructuring Actions The Company continues to analyze our cost structure and evaluate opportunities to streamline operations through a range of smaller initiatives and other cost reduction activities to optimize operations in select businesses. The Company has incurred cumulative restructuring charges of $37.2 related to approved initiatives through March 31, 2024, which have been recorded in Corporate. The liability balances were $36.3 (including certain actions that were accrued during fiscal 2023) and $0.0 at March 31, 2024 and June 30, 2023 respectively. The Company currently estimates that the total remaining accrual of $36.3 will result in cash expenditures of approximately $2.8, $15.6 and $17.9 in fiscal 2024, 2025 and thereafter, respectively. Transformation Plan The Company previously announced a four-year plan to drive substantial improvement and optimization in the Company's businesses, under which the Company expected to incur restructuring and related costs (the “Transformation Plan”), which is now substantially complete. Of the expected costs, the Company has incurred cumulative restructuring charges of $214.6 related to approved initiatives through March 31, 2024, which have been recorded in Corporate. The related liability balances were $5.4 and $10.0 at March 31, 2024 and June 30, 2023, respectively. The Company currently estimates that the total remaining accrual of $5.4 will result in cash expenditures of approximately $0.9 and $4.5 in fiscal 2024 and 2025, 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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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