LEASES (Tables)

6 Months Ended

Dec. 31, 2021

The following chart provides additional information about the Company’s operating leases:


	Three Months Ended December 31,				Six Months Ended December 31,
Lease Cost:	2021		2020		2021			2020
Operating lease cost	$	21.2	$	19.8	$	42.1		$	39.0
Short-term lease cost	0.3		0.2		0.6			0.4
Variable lease cost	10.0		16.4		18.9			30.3
Sublease income	(5.4)		(3.0)		(10.7)			(4.5)
Net lease cost	$	26.1	$	33.4	$	50.9		$	65.2
Other information:
Operating cash outflows from operating leases	$	(22.8)	$	(48.5)	$	(45.3)		$	(79.9)
Right-of-use assets obtained in exchange for lease obligations	$	18.6	$	2.8	$	27.0		$	10.8

Weighted-average remaining lease term - real estate					6.3 years			6.4 years
Weighted-average discount rate - real estate leases					3.49		%	3.49		%

Schedule of future minimum lease payments for operating leases

Future minimum lease payments for the Company’s operating leases are as follows:


Fiscal Year Ending June 30,

2022, remaining	$	42.9
2023	72.1
2024	57.8
2025	46.1
2026	38.9
Thereafter	105.0
Total future lease payments	362.8
Less: imputed interest	(40.5)
Total present value of lease liabilities	322.3
Current operating lease liabilities	70.0
Long-term operating lease liabilities	252.3
Total operating lease liabilities	$	322.3

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