LEASE COMMITMENTS

12 Months Ended

Jun. 30, 2015

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, 2015 are presented below:

Fiscal Year Ending June 30
2016	$	59.0
2017	49.5
2018	43.2
2019	37.7
2020	35.7
Thereafter	205.2
	430.3
Less: sublease income	(41.1		)
Total minimum payments required	$	389.2

Rent expense relating to operating leases in fiscal 2015, 2014 and 2013 is presented below:

	Year Ended June 30,
	2015			2014			2013
Rent expense	$	87.1		$	112.5		$	89.7
Less: sublease income	(4.3		)	(1.4		)	(1.2		)
Total	$	82.8		$	111.1		$	88.5

Reflected in total rent expense above are estimated net future minimum lease payments and related costs for facilities no longer used in operations of $(0.7), $21.4 and nil and duplicative rent expenses of nil, $5.0 and $5.3 in fiscal 2015, 2014 and 2013, respectively. In addition, the Company incurred accelerated depreciation of nil, $4.1 and $16.5, in fiscal 2015, 2014 and 2013, 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).