LEASES (Tables)

3 Months Ended

Sep. 30, 2020

The following chart provides additional information about the Company’s operating leases for the three months ended September 30, 2020:


	Three Months Ended September 30,
Lease Cost:	2020			2019
Operating lease cost	$	19.2		$	26.4
Short-term lease cost	0.2			0.6
Variable lease cost	13.9			10.3
Sublease income	(1.5)			(2.2)
Net lease cost	$	31.8		$	35.1
Other information:
Operating cash outflows from operating leases	$	(31.4)		$	(26.6)
Right-of-use assets obtained in exchange for lease obligations	$	8.0		$	(26.1)

Weighted-average remaining lease term - real estate	6.8 years			7.6 years
Weighted-average discount rate - real estate leases	3.20		%	3.92		%

Schedule of future minimum lease payments for operating leases

Future minimum lease payments for the Company’s operating leases as of September 30, 2020 are as follows:


Fiscal Year Ending June 30,

2021, remaining	$	82.5
2022	83.6
2023	57.8
2024	46.0
2025	35.5
Thereafter	116.5
Total future lease payments	421.9
Less: imputed interest	(40.1)
Total present value of lease liabilities	381.8
Current operating lease liabilities	92.6
Long-term operating lease liabilities	289.2
Total operating lease liabilities	$	381.8

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.