Other Non-Current Assets

3 Months Ended

Sep. 30, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Non-Current Assets

OTHER NON-CURRENT ASSETS

Other non-current assets consisted of the following:

	September 30, 2020		June 30, 2020
	(In millions)
Deferred client conversion and start-up costs	$	499.4	$	433.8
ROU assets (a)	264.5		292.6
Long-term investments	159.4		141.6
Deferred sales commissions costs	100.1		104.4
Contract assets (b)	85.8		81.9
Long-term broker fees	43.5		32.8
Deferred data center costs (c)	24.4		24.5
Other	28.9		30.2
Total	$	1,206.1	$	1,141.9

_________

(a) ROU assets represent the Company’s right to use an underlying asset for the lease term.

(b) Contract assets result from revenue already recognized but not yet invoiced, including certain future amounts to be collected under software term licenses and certain other client contracts.

(c) Represents deferred data center costs associated with the Company’s information technology services agreements with International Business Machines Corporation (“IBM”). Please refer to Note 14, “Contractual Commitments, Contingencies and Off-Balance Sheet Arrangements” for a further discussion.

The total amount of deferred client conversion and start-up costs and deferred sales commission costs amortized in Operating expenses during the three months ended September 30, 2020 and 2019, were $18.7 million and $17.3 million, respectively.