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RESTRUCTURING COSTS | 12 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
RESTRUCTURING COSTS | RESTRUCTURING COSTS Restructuring costs for the fiscal years ended June 30, 2025, 2024 and 2023 are presented below:
| Year Ended June 30,
| 2025 |  | 2024 |  | 2023
Fixed Cost Reduction Plan | $ | 75.0 |  |  | $ | — |  |  | $ | — |
Current Restructuring Actions and Other | 1.7 |  |  | 36.7 |  |  | (6.5) |
Total | $ | 76.7 |  |  | $ | 36.7 |  |  | $ | (6.5) |
The related liability balance and activity of restructuring costs are presented below:
| Severance and Employee Benefits |  |  | Fixed Asset Write-offs |  | Other Exit Costs |  | Total Program Costs
Balance—July 1, 2024 | $ | 42.6 |  |  |  | $ | — |  |  | $ | — |  |  | $ | 42.6 |
Restructuring charges | 78.4 |  |  |  | 0.4 |  |  | 0.6 |  |  | 79.4 |
Payments | (15.5) |  |  |  | — |  |  | (0.3) |  |  | (15.8) |
Changes in estimates | (2.7) |  |  |  | — |  |  | — |  |  | (2.7) |
Non-cash utilization | — |  |  |  | (0.4) |  |  | — |  |  | (0.4) |
Effect of exchange rates | 1.4 |  |  |  | — |  |  | — |  |  | 1.4 |
Balance—June 30, 2025 | $ | 104.2 |  |  |  | $ | — |  |  | $ | 0.3 |  |  | $ | 104.5 |
Fixed Cost Reduction Plan On April 24, 2025, the Company announced a new plan to strengthen its operating model and simplify its fixed cost structure (the “Fixed Cost Reduction Plan”). Total restructuring charges, which consisted of employee severance, have been recorded in Corporate. The related liability balance at June 30, 2025 was $74.1. The Company currently estimates that the total accrual will result in cash expenditures of approximately $30.7 and $43.4 in fiscal 2026 and 2027 and thereafter, respectively. Current Restructuring Actions and Other The Company continues to analyze its cost structure and evaluate opportunities to streamline operations through a range of smaller initiatives and other cost reduction activities to optimize operations in select parts of the business and markets. The liability balances were $30.4 and $37.9 (including certain actions that were accrued during fiscal 2023) at June 30, 2025 and June 30, 2024, respectively. The Company currently estimates that the total remaining accrual of $30.4 will result in cash expenditures of approximately $16.7 and $13.7 in fiscal 2026 and 2027 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 -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 Reference 2: 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 3: 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 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: 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 + Details
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