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RESTRUCTURING COSTS
9 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
RESTRUCTURING COSTS RESTRUCTURING COSTS
Restructuring costs for the three and nine months ended March 31, 2024 and 2023 are presented below:
Three Months Ended
March 31,
Nine Months Ended
March 31,
2024202320242023
Current Restructuring Actions$1.2 $— $35.9 $— 
Transformation Plan(0.3)(1.3)(0.9)(5.4)
Total$0.9 $(1.3)$35.0 $(5.4)
Current Restructuring Actions
The Company continues to analyze our cost structure and evaluate opportunities to streamline operations through a range of smaller initiatives and other cost reduction activities to optimize operations in select businesses. The Company has incurred cumulative restructuring charges of $37.2 related to approved initiatives through March 31, 2024, which have been recorded in Corporate. The liability balances were $36.3 (including certain actions that were accrued during fiscal 2023) and $0.0 at March 31, 2024 and June 30, 2023 respectively. The Company currently estimates that the total remaining accrual of $36.3 will result in cash expenditures of approximately $2.8, $15.6 and $17.9 in fiscal 2024, 2025 and thereafter, respectively.
Transformation Plan
The Company previously announced a four-year plan to drive substantial improvement and optimization in the Company's businesses, under which the Company expected to incur restructuring and related costs (the “Transformation Plan”), which is now substantially complete. Of the expected costs, the Company has incurred cumulative restructuring charges of $214.6 related to approved initiatives through March 31, 2024, which have been recorded in Corporate. The related liability balances were $5.4 and $10.0 at March 31, 2024 and June 30, 2023, respectively. The Company currently estimates that the total remaining accrual of $5.4 will result in cash expenditures of approximately $0.9 and $4.5 in fiscal 2024 and 2025, respectively.