LEASE COMMITMENTS

12 Months Ended

Jun. 30, 2014

Leases [Abstract]

Lease Commitments

LEASE COMMITMENTS

The Company has various buildings and equipment under leasing arrangements. The leases generally provide for payment of additional rent based upon increases in items such as real estate taxes and insurance. Certain lease agreements have renewal options for periods typically ranging between two and five years. Certain lease agreements have escalation clauses, which have been straight-lined over the life of the respective lease agreements. The minimum rental lease commitments for non-cancellable operating leases as of June 30, 2014 are presented below:

Fiscal Year Ending June 30
2015	$	67.6
2016	54.7
2017	44.0
2018	40.6
2019	37.4
Thereafter	243.2
	487.5
Less: sublease income	(28.9		)
Total minimum payments required	$	458.6

Rent expense relating to operating leases in fiscal 2014, 2013 and 2012 is presented below:

	Year Ended June 30,
	2014			2013			2012
Rent expense	$	112.5		$	89.7		$	86.1
Less: sublease income	(1.4		)	(1.2		)	(1.4		)
Total	$	111.1		$	88.5		$	84.7

Reflected in rent expense above are lease loss expenses of $21.4, nil and $5.0 and duplicative rent expenses of $5.0, $5.3 and nil in fiscal 2014, 2013 and 2012, respectively. In addition, the Company incurred accelerated depreciation of $4.1, $16.5 and $6.1, in fiscal 2014, 2013 and 2012, respectively. These costs relate to the New York real estate consolidation program and were recorded in Selling, general and administrative expenses in the Consolidated Statements of Operations and included in Corporate (Note 3).