LEASES (Tables)

9 Months Ended

Mar. 31, 2020

The following chart provides additional information about the Company’s operating leases for the three and nine months ended March 31, 2020:


Lease Cost:	Three Months Ended March 31, 2020		Nine Months Ended March 31, 2020
Operating lease cost	$	34.1	$	96.2
Short-term lease cost	0.5		1.8
Variable lease cost	17.5		45.2
Sublease income	(2.1)		(6.7)
Net lease cost	$	50.0	$	136.5
Other information:
Operating cash outflows from operating leases	$	(31.7)	$	(94.8)
Right-of-use assets obtained in exchange for lease obligations	11.4		15.5

Weighted-average remaining lease term - real estate			7.4 years
Weighted-average discount rate - real estate leases			3.38		%

Schedule of future minimum lease payments for operating leases

Future minimum lease payments for the Company’s operating leases as of March 31, 2020 are as follows:


Fiscal Year Ending June 30,

2020, remaining	$	41.0
2021	113.3
2022	97.9
2023	71.8
2024	61.2
Thereafter	221.5
Total future lease payments	606.7
Less: imputed interest	(72.8)
Total present value of lease liabilities	533.9
Current operating lease liabilities	104.9
Long-term operating lease liabilities	429.0
Total operating lease liabilities	$	533.9

Table excludes obligations for leases with original terms of 12 months or less which have not been recognized as ROU assets or liabilities in the Condensed Consolidated Balance Sheets.

Schedule of future minimum rental payments for operating leases

At June 30, 2019, the aggregate future minimum rental commitments under all non-cancelable operating lease agreements were as follows:


Fiscal Year Ending June 30,
2020	$	122.2
2021	111.2
2022	91.3
2023	76.7
2024	67.8
Thereafter	252.3
Total	721.5
Less: sublease income	(20.1)
Total payments	$	701.4