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Leases (Tables)

12 Months Ended

Jun. 30, 2020


	June 30, 2020
	(In millions)
Assets:
Operating lease ROU assets (a)	$	292.6

Liabilities:
Operating lease liabilities (a) - Current	$	35.3
Operating lease liabilities (a) - Non-current	288.3
Total Operating lease liabilities	$	323.5

_________

(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 Consolidated Balance Sheets as of June 30, 2020.

Components of Lease Cost

Components of Lease Cost (a)


	Fiscal Year Ended June 30, 2020
	(In millions)
Operating lease cost	$	40.9
Variable lease cost	24.4

_________

(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 Consolidated Statements of Earnings.

Supplemental Cash Flow Information


	Fiscal Year Ended June 30, 2020
	(In millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$	26.9
ROU assets obtained in exchange for operating lease liabilities	$	89.6

Lessee, Operating Lease, Liability, Maturity

Future rental payments on leases with initial non-cancellable lease terms in excess of one year were due as follows at June 30, 2020:


	Operating Leases
Years Ending June 30,	(In millions)
2021	$	44.5
2022	41.6
2023	39.3
2024	37.2
2025	35.0
Thereafter	180.6
Total lease payments	378.2
Less: Discount Amount	54.7
Present value of operating lease liabilities	$	323.5

Schedule of Future Minimum Rental Payments for Operating Leases

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