SHARE-BASED COMPENSATION PLANS

9 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Share-based compensation expense is recognized on a straight-line basis over the requisite service period. Total share-based compensation is shown in the table below:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Equity plan expense (a)	$	6.0	$	1.6	$	24.6	$	14.6
Equity plan modified and cash settled	—		19.0		0.9		19.0
Liability plan (income) expense	0.7		(1.9)		1.4		(1.9)
Fringe expense	—		0.1		0.4		1.1
Total share-based compensation expense	$	6.7	$	18.8	$	27.3	$	32.8

(a) Equity plan shared-based compensation expense of $6.0 and $3.5, and $26.6 and $20.0 were recorded to additional paid in capital and presented in the Condensed Consolidated Statements of Equity for the three and nine months ended March 31, 2021 and 2020, respectively. Of the $6.0 and $3.5 for the three months ended March 31, 2021 and 2020, respectively, $0.0 and $1.9, respectively, were reclassified to discontinued operations. Of the $26.6 and $20.0 for the nine months ended March 31, 2021 and 2020, respectively, $2.0 and $5.4, respectively, were reclassified to discontinued operations.

The share-based compensation expense for the three and nine months ended March 31, 2021 of $6.7 and $27.3, respectively, includes $6.7 and $30.4 expense offset by $0.0 and $3.1 income, respectively, primarily due to significant executive forfeitures of share-based compensation instruments. The share-based compensation expense for the three and nine months ended March 31, 2020 of $18.8 and $32.8, respectively, includes $21.9 and $38.4 expense offset by $3.1 and $5.6 income, respectively, primarily due to significant executive forfeitures of share-based compensation instruments.

As of March 31, 2021, the total unrecognized share-based compensation expense related to stock options, Series A Preferred Stock, restricted stock, restricted stock units and other share awards is $11.0, $0.0, $2.4 and $55.3, respectively. The unrecognized share-based compensation expense related to stock options, Series A Preferred stock, restricted stock, restricted stock units and other share awards is expected to be recognized over a weighted-average period of 2.77, 0.00, 2.18 and 2.56 years, respectively.

Restricted Share Units and Other Share Awards

The Company granted no shares and 8.7 million shares of RSUs and other share awards during the three and nine months ended March 31, 2021, respectively. The Company recognized share-based compensation expense of $4.5 and $2.9 for the three months ended March 31, 2021 and 2020, respectively and $21.6 and $13.3 for the nine months ended March 31, 2021 and 2020, respectively.

Restricted Stock

The Company granted no shares of restricted stock and other share awards during the three and nine months ended March 31, 2021. The Company recognized share-based compensation expense of $0.2 and $0.0 for the three months ended March 31, 2021 and 2020, respectively and $0.7 and $0.0 for the nine months ended March 31, 2021 and 2020, respectively.

Series A Preferred Stock and Series A-1 Preferred Stock

The Company granted no shares of Series A Preferred Stock and no shares of Series A-1 Preferred Stock during the three and nine months ended March 31, 2021. The Company recognized share-based compensation expense (income) of $0.4 and $15.4 for the three months ended March 31, 2021 and 2020, respectively and $0.8 and $16.4 for the nine months ended March 31, 2021 and 2020, respectively.

Non-Qualified Stock Options

The Company granted no non-qualified stock options during the three and nine months ended March 31, 2021. The Company recognized share-based compensation expense of $1.6 and $0.5 for the three months ended March 31, 2021 and 2020, respectively and $4.2 and $3.1 for the nine months ended March 31, 2021 and 2020, respectively.