Leases (Tables)

9 Months Ended

Mar. 31, 2020

Leases [Abstract]

Supplemental Balance Sheet Information

Supplemental Balance Sheet Information

	March 31, 2020
	(In millions)
Assets:
Operating lease ROU assets (a)	$	297.6
Liabilities:
Operating lease liabilities (a) - Current	$	32.3
Operating lease liabilities (a) - Non-current	294.6
Total Operating lease liabilities	$	326.9

_________

(a)Operating lease assets are included within Other non-current assets, and operating lease liabilities are included within Payables and accrued expenses (current portion) and Other non-current liabilities (non-current portion) in the Company’s Condensed Consolidated Balance Sheets as of March 31, 2020.

Components of Lease Cost

Components of Lease Cost (a)

	Three Months Ended March 31, 2020		Nine Months Ended March 31, 2020
	(In millions)
Operating lease cost	$	11.3	$	29.4
Variable lease cost	6.6		18.6

_________

(a)Lease cost is included within Cost of revenues and Selling, general and administrative expenses, dependent upon the nature and use of the ROU asset, in the Company’s Condensed Consolidated Statements of Earnings.

Supplemental Cash Flow Information

Supplemental Cash Flow Information

	Nine Months Ended March 31, 2020
	(In millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$	19.5
ROU assets obtained in exchange for operating lease liabilities	$	84.2

Maturity of Lease Liabilities Under ASC 842

Future rental payments on leases with initial non-cancellable lease terms in excess of one year were due as follows at March 31, 2020:

	Operating Leases
Years Ending June 30,	(In millions)
2020	$	10.4
2021	44.0
2022	40.6
2023	38.5
2024	36.4
Thereafter	214.3
Total lease payments	384.2
Less: Discount Amount	57.2
Present value of operating lease liabilities	$	326.9

Maturities of Lease Liabilities Under ASC 840

Future minimum rental payments on leases with initial non-cancellable lease terms in excess of one year were due as follows at June 30, 2019:

Years Ending June 30,	(In millions)
2020	$	46.8
2021	45.2
2022	39.5
2023	35.9
2024	34.7
Thereafter	204.4
Total lease payments	$	406.5