Other Non-Current Assets

12 Months Ended

Jun. 30, 2021

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:

	June 30,
	2021		2020
	(in millions)
Deferred client conversion and start-up costs	$	773.7	$	433.8
ROU assets (a)	262.0		292.6
Long-term investments	194.0		141.6
Deferred sales commissions costs	108.6		104.4
Contract assets (b)	89.8		81.9
Long-term broker fees	48.7		32.8
Deferred data center costs (c)	24.3		24.5
Other	35.0		30.2
Total	$	1,536.2	$	1,141.9

(a) ROU assets represent the Company’s right to an underlying asset for the lease term. Please refer to Note 8, “Leases” for a further discussion.

(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 18, “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 for the fiscal year ended June 30, 2021 and 2020 was $82.0 million and $76.2 million, respectively.