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LEASES
12 Months Ended
Jun. 30, 2025
Leases [Abstract]  
LEASES LEASES
The Company leases office facilities under non-cancelable operating leases with terms generally ranging between 4 and 25 years. The Company utilizes these leased office facilities for use by its employees in countries in which the Company conducts its business. Leases are negotiated with third parties and, in some instances, contain renewal, expansion and termination options. The Company also subleases certain office facilities to third parties when the Company no longer intends to utilize the space. None of the Company’s leases restrict the payment of dividends or the incurrence of debt or additional lease obligations, or contain significant purchase options.
The following table provides additional information about the Company’s operating leases for the fiscal years ended June 30, 2025, 2024 and 2023.
Lease Cost:Year Ended
June 30, 2025
Year Ended
June 30, 2024
Year Ended
June 30, 2023
Operating lease cost$74.4 $74.5 $76.2 
Short-term lease cost3.3 3.4 0.9 
Variable lease cost44.4 41.7 40.3 
Sublease income(13.4)(16.7)(15.8)
Net lease cost$108.7 $102.9 $101.6 
Other information:
Operating cash outflows from operating leases(69.3)(72.0)$(73.8)
Right-of-use assets obtained in exchange for lease obligations60.9 32.6 $25.7 
Weighted-average remaining lease term - real estate6.2 years6.8 years7.2 years
Weighted-average discount rate - real estate leases4.29 %4.52 %4.13 %

Future minimum lease payments for the Company’s operating leases as of June 30, 2025 are as follows:
Fiscal Year Ending June 30,
2026$74.4 
202766.0 
202851.7 
202943.5 
203028.2 
Thereafter65.7 
Total future lease payments329.5 
Less: imputed interest(43.3)
Total present value of lease liabilities$286.2 
Current operating lease liabilities64.4 
Long-term operating lease liabilities221.8 
Total operating lease liabilities$286.2 
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 Consolidated Balance Sheets.