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RESTRUCTURING COSTS
6 Months Ended
Dec. 31, 2021
Restructuring and Related Activities [Abstract]  
RESTRUCTURING COSTS RESTRUCTURING COSTS
Restructuring costs for the three and six months ended December 31, 2021 and 2020 are presented below:
Three Months Ended
December 31,
Six Months Ended
December 31,
2021202020212020
Transformation Plan$(4.1)$62.5 $8.3 $93.7 
Other Restructuring— (2.9)— (4.0)
Total$(4.1)$59.6 $8.3 $89.7 
Transformation Plan
In connection with the four-year plan announced on July 1, 2019 to drive substantial improvement and optimization in the Company's businesses (the “Turnaround Plan”), the Company has and expects to continue to incur restructuring and related costs. On May 11, 2020, the Company announced an expansion of the Turnaround Plan to further reduce fixed costs, (the “Transformation Plan”). Of the expected costs, the Company has incurred cumulative restructuring charges of $238.1 related to approved initiatives through December 31, 2021, which have been recorded in Corporate.
Over the next two fiscal years, the Company expects to incur approximately $65.0 of additional restructuring charges pertaining to the approved actions, primarily related to employee termination benefits, contract terminations and other exit-related costs.
The following table presents aggregate restructuring charges for the program:
Severance and Employee BenefitsFixed Asset Write-offsOther Exit CostsTotal
Fiscal 2020$151.2 $(1.1)$6.5 $156.6 
Fiscal 202173.4 (0.5)0.3 73.2 
Fiscal 20228.6 — (0.3)8.3 
Cumulative through December 31, 2021$233.2 $(1.6)$6.5 $238.1 
The related liability balance and activity of restructuring costs for the Transformation Plan restructuring costs are presented below:
Severance and Employee BenefitsFixed Asset Write-offsOther Exit CostsTotal
Balance—July 1, 2021$122.5 $— $0.3 $122.8 
Restructuring charges15.9 — — 15.9 
Payments(25.1)— (0.2)(25.3)
Changes in estimates(7.3)— (0.3)(7.6)
Non-cash utilization(0.8)— — (0.8)
Effect of exchange rates(4.5)— 0.3 (4.2)
Balance—December 31, 2021$100.7 $— $0.1 $100.8 
The Company currently estimates that the total remaining accrual of $100.8 will result in cash expenditures of approximately $49.9, $50.2 and $0.7 in fiscal 2022, 2023 and thereafter, respectively.