RESTRUCTURING COSTS

3 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

RESTRUCTURING COSTS

RESTRUCTURING COSTS

Restructuring costs for the three months ended September 30, 2024 and 2023 are presented below:

	Three Months Ended September 30,
	2024		2023
Current Restructuring Actions	$	0.7	$	28.6
Transformation Plan	—		(0.2)
Total	$	0.7	$	28.4

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 $39.9 related to approved initiatives through September 30, 2024, which have been recorded in Corporate. The liability balances were $36.7 and $37.9 at September 30, 2024 and June 30, 2024 respectively. The Company currently estimates that the total remaining accrual of $36.7 will result in cash expenditures of approximately $16.4, $15.6 and $4.7 in fiscal 2025, 2026 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 $214.3 related to approved initiatives through September 30, 2024, which have been recorded in Corporate. The related liability balances were $4.7 at September 30, 2024 and June 30, 2024. The Company currently estimates that the total remaining accrual of $4.7 will result in cash expenditures of approximately $3.7 and $0.9 in fiscal 2025 and 2026, respectively.