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RESTRUCTURING COSTS
 12 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
RESTRUCTURING COSTS RESTRUCTURING COSTS
Restructuring costs for the fiscal years ended June 30, 2023, 2022 and 2021 are presented below:
Year Ended June 30,
202320222021
Transformation Plan$(6.5)$(6.5)$73.2 
Other Restructuring— — (9.6)
Total$(6.5)$(6.5)$63.6 
Transformation Plan
On July 1, 2019, the Company announced a four-year plan to drive substantial improvement in and optimization in the Company's businesses (the “Turnaround Plan”). This plan was expanded on May 11, 2020 to further reduce fixed costs (the “Transformation Plan”). Of the expected costs, the Company has incurred cumulative restructuring charges of $216.8 related to approved initiatives through June 30, 2023, which have been recorded in Corporate.
As of June 30, 2023, the Company does not expect to incur any additional restructuring charges pertaining to the Transformation Plan.
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 2021$73.4 $(0.5)$0.3 $73.2 
Fiscal 2022(6.2)— (0.3)$(6.5)
Fiscal 2023(6.5)— — (6.5)
Cumulative through June 30, 2023211.9 (1.6)6.5 216.8 
The related liability balance and activity of restructuring costs for the Transformation Plan restructuring costs are presented below:
Severance and
Employee
Benefits		Total
Program
Costs
Balance—July 1, 2022$55.2 $55.2 
Restructuring charges4.6 4.6 
Payments(37.8)(37.8)
Changes in estimates(11.1)(11.1)
Effect of exchange rates(0.9)(0.9)
Balance—June 30, 2023$10.0 $10.0 
The Company currently estimates that the total remaining accrual of $10.0 will result in cash expenditures of approximately $8.9 and $1.1 in fiscal 2024 and thereafter, respectively.
Other Restructuring
The Company executed a number of other restructuring activities in prior years, which are substantially completed. The Company recognized expenses (income) of $0.0, $0.0, and $(9.6) in fiscal 2023, 2022 and 2021, respectively, which have been recorded in Corporate. The related liability balances were $0.0 at both June 30, 2023 and June 30, 2022.