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SHARE-BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Fair value valuation assumptions
During fiscal 2018 and 2017, the share-based compensation expense recognized on nonqualified stock options is based upon the fair value on the grant date estimated using the Black-Scholes valuation model with the following weighted-average assumptions:
 
2018
 
2017
Expected life
7.50 years
 
7.50 years
Risk-free interest rate
2.19%
 
1.60%
Expected volatility
36.03%
 
36.74%
Expected dividend yield
2.98%
 
1.62%
The fair value of the Company’s outstanding Series A Preferred Stock liability on June 30, 2016 was estimated using the Black-Scholes valuation model with the following assumptions:
 
2016
Expected life
4.79 years
Risk-free interest rate
1.01%
Expected volatility
36.74%
Expected dividend yield
0.96%
As of June 30, 2018, the fair value of the Company’s outstanding Series A Preferred Stock that are liability accounted were estimated with the following weighted-average assumptions.
 
2018
 
2017
Expected life, in years
4.52 years
 
5.86 years
Expected volatility
35.00%
 
30.00%
Risk-free rate of return
2.70%
 
1.99%
Dividend yield on Class A Common Stock
3.55%
 
2.67%
Yield on cash
N/A
 
4.70%
Outstanding nonqualified stock option activity
The Company’s outstanding nonqualified stock options as of June 30, 2018 and activity during the fiscal year then ended are presented below:
 
Shares
(in millions)
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value
 
Weighted
Average
Remaining
Contractual
Term (in years)
Outstanding at July 1, 2017
12.0

 
$
15.64

 
 
 
 
Granted
5.9

 
16.86

 
 
 
 
Exercised
(2.3
)
 
9.76

 
 
 
 
Forfeited
(2.2
)
 
18.45

 
 
 
 
Outstanding at June 30, 2018
13.4

 
$
16.75

 
 
 
 
Vested and expected to vest at June 30, 2018
10.5

 
$
16.63

 
$
—

 
7.73
Exercisable at June 30, 2018
1.7

 
$
9.71

 
$
7.4

 
1.96
Schedule of Stock Summary
A summary of the aggregated weighted-average grant date fair value of stock options granted and total intrinsic value of stock options exercised for fiscal 2018, 2017 and 2016 is presented below:
 
2018
 
2017
 
2016
Weighted-average grant date fair value of stock options
$
4.87

 
$
6.34

 
$
—

Intrinsic value of options exercised
32.2

 
26.3

 
87.6
Schedule of non-vested nonqualified share activity
The Company’s non-vested nonqualified stock options as of June 30, 2018 and activity during the fiscal year then ended are presented below:
 
Shares
(in millions)
 
Weighted
Average
Grant Date
Fair Value
Non-vested at July 1, 2017
8.0

 
$
6.33

Granted
5.9

 
4.87

Forfeited
(2.2
)
 
6.27

Non-vested at June 30, 2018
11.7

 
$
5.60

The Company’s non-vested shares of Series A Preferred Stock as of June 30, 2018 and activity during the fiscal year then ended are presented below:
 
Shares
(in millions)
 
Weighted
Average
Grant Date
Fair Value
Non-vested at July 1, 2017
3.2

 
$
5.19

Granted
1.0

 
4.12

Forfeited
(0.2
)
 
3.63

Non-vested at June 30, 2018
4.0

 
$
4.99
Scheduled of outstanding Series A Preferred shares
The Company’s outstanding Series A Preferred Shares as of June 30, 2018 and activity during the fiscal year then ended are presented below:
 
Shares
(in millions)
 
Weighted
Average
Exercise Price
 
Aggregate Intrinsic Value
 
Weighted Average Remaining Contractual Term (in years)
Outstanding at July 1, 2017
4.2

 
$
24.66

 
 
 
 
Granted
1.0

 
19.85

 
 
 
 
Forfeited
(0.2
)
 
22.66

 
 
 
 
Outstanding at June 30, 2018
5.0

 
$
23.62

 
 
 
 
Vested and expected to vest at June 30, 2018
4.4

 
$
23.57

 
$
—

 
5.17
Outstanding RSU activity
The Company’s outstanding RSUs as of June 30, 2018 and activity during the fiscal year then ended are presented below:
 
Shares
(in millions)
 
Aggregate
Intrinsic
Value
 
Weighted
Average
Remaining
Contractual
Term
Outstanding at July 1, 2017
5.6

 
 
 
 
Granted
3.8

 
 
 
 
Settled
(0.7
)
 
 
 
 
Cancelled
(1.2
)
 
 
 
 
Outstanding at June 30, 2018
7.5

 
 
 
 
Vested and expected to vest at June 30, 2018
6.1

 
$
84.5

 
3.12
Outstanding and non-vested RSU activity
The Company’s outstanding and non-vested RSUs as of June 30, 2018 and activity during the fiscal year then ended are presented below:
 
Shares
(in millions)
 
Weighted
Average
Grant Date
Fair Value
Outstanding and nonvested at July 1, 2017
5.3

 
$
21.76

Granted
3.8

 
16.53

Vested
(0.7
)
 
16.40

Cancelled
(1.2
)
 
20.94

Outstanding and nonvested at June 30, 2018
7.2

 
$
19.57