Fair Value of Financial Instruments (Tables)

6 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables set forth the Company’s financial assets and liabilities at December 31, 2022 and June 30, 2022, respectively, that are recorded at fair value, segregated by level within the fair value hierarchy:

	December 31, 2022
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Other current assets:
Securities	$	0.6	$	—	$	—	$	0.6
Other non-current assets:
Securities	127.7		—		—		127.7
Derivative asset	—		97.0		—		97.0
Total assets as of December 31, 2022	$	128.4	$	97.0	$	—	$	225.3
Liabilities:
Contingent consideration obligations	—		—		12.0		12.0
Total liabilities as of December 31, 2022	$	—	$	—	$	12.0	$	12.0

	June 30, 2022
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Other current assets:
Securities	$	0.6	$	—	$	—	$	0.6
Other non-current assets:
Securities	118.0		—		—		118.0
Derivative asset	—		101.4		—		101.4
Total assets as of June 30, 2022	$	118.7	$	101.4	$	—	$	220.1
Liabilities:
Contingent consideration obligations	—		—		12.9		12.9
Total liabilities as of June 30, 2022	$	—	$	—	$	12.9	$	12.9

Schedule of Changes in Level 3 Financial Liabilities

The following table sets forth an analysis of changes during the three and six months ended December 31, 2022 and 2021, respectively, in Level 3 financial liabilities of the Company:

	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
	(in millions)
Beginning balance	$	12.9	$	19.0	$	12.9	$	23.2
Net increase (decrease) in contingent consideration liability	(0.5)		—		(0.5)		1.1
Foreign currency impact on contingent consideration liability	(0.3)		(0.2)		(0.4)		(0.6)
Payments	—		—		—		(4.9)
Ending balance	$	12.0	$	18.8	$	12.0	$	18.8