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Earnings Per Share (Tables)
12 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Denominators of Basic and Diluted EPS Computations
The following table sets forth the denominators of the basic and diluted EPS computations:
 
 
Years ended June 30,
 
 
2016
 
2015
 
2014
 
 
(in millions)
Weighted-average shares outstanding:
 
 
 
 
 
 
Basic
 
118.3

 
119.9

 
119.6

Common stock equivalents
 
3.4

 
4.1

 
4.5

Diluted
 
121.6

 
124.0

 
124.1

Computation of Basic EPS
The following table sets forth the computation of basic EPS utilizing Net earnings for the fiscal year and the Company’s basic Weighted-average shares outstanding:
 
 
Years ended June 30,
 
 
2016
 
2015
 
2014
 
 
(in millions, except per share
amounts)
Net earnings
 
$
307.5

 
$
287.1

 
$
263.0

Basic Weighted-average shares outstanding
 
118.3

 
119.9

 
119.6

Basic EPS
 
$
2.60

 
$
2.39

 
$
2.20

Computation of Diluted EPS
The following table sets forth the computation of diluted EPS utilizing Net earnings for the fiscal year and the Company’s diluted Weighted-average shares outstanding:
 
 
Years ended June 30,
 
 
2016
 
2015
 
2014
 
 
(in millions, except per share
amounts)
Net earnings
 
$
307.5

 
$
287.1

 
$
263.0

Diluted Weighted-average shares outstanding
 
121.6

 
124.0

 
124.1

Diluted EPS
 
$
2.53

 
$
2.32

 
$
2.12