LEASES (Tables)

3 Months Ended

Sep. 30, 2023

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


	Three Months Ended September 30,
Lease Cost:		2023			2022
Operating lease cost		$	19.1		$	19.2
Short-term lease cost		0.3			0.2
Variable lease cost		10.8			8.6
Sublease income		(3.9)			(3.8)
Net lease cost		$	26.3		$	24.2
Other information:
Operating cash outflows from operating leases		$	(19.2)		$	(21.7)
Right-of-use assets obtained in exchange for lease obligations		$	15.0		$	7.6

Weighted-average remaining lease term - real estate		7.0 years			7.6 years
Weighted-average discount rate - real estate leases		4.29		%	4.02		%

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,

2024, remaining	$	55.7
2025	62.3
2026	53.9
2027	46.0
2028	33.8
Thereafter	105.7
Total future lease payments	357.4
Less: imputed interest	(53.2)
Total present value of lease liabilities	304.2
Current operating lease liabilities	59.9
Long-term operating lease liabilities	244.3
Total operating lease liabilities	$	304.2

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