Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule 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 June 30, 2023 and 2022, respectively, that are recorded at fair value, segregated by level within the fair value hierarchy:

	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Other current assets:
Securities	$	0.7	$	—	$	—	$	0.7
Other non-current assets:
Securities (a)	141.3		—		—		141.3
Derivative asset	—		66.7		—		66.7
Total assets as of June 30, 2023	$	142.0	$	66.7	$	—	$	208.7
Liabilities:
Contingent consideration obligations	$	—	$	—	$	12.0	$	12.0
Total liabilities as of June 30, 2023	$	—	$	—	$	12.0	$	12.0

	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Other current assets:
Securities	$	0.6	$	—	$	—	$	0.6
Other non-current assets:
Securities (a)	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

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(a) Includes investments related to the Company’s Defined Benefit Pension Plans and Executive Retirement and Savings Plan (the “ERSP”).

Schedule of Changes in Level 3 Financial Liabilities

The following table sets forth an analysis of changes during fiscal years 2023 and 2022 in Level 3 financial liabilities of the Company:

	June 30,
	2023		2022
	(in millions)
Beginning balance	$	12.9	$	23.2
Additional contingent consideration incurred	—		—
Net increase (decrease) in contingent consideration liability	(0.5)		1.1
Foreign currency impact	(0.4)		(1.0)
Payments	—		(10.4)
Ending balance	$	12.0	$	12.9