GOODWILL

3 Months Ended

Sep. 30, 2019

GOODWILL

GOODWILL

(4) GOODWILL

During the fourth quarter of Fiscal 2019, the Company implemented organizational changes resulting in changes to its reportable segments. In connection with the organizational change, the Company’s reporting units changed and goodwill was re-allocated to the new reporting units on a relative fair value basis. The Company completed an assessment immediately prior to and after the organizational change and determined it is more likely than not the fair value of the Company’s reporting units is greater than their carrying amounts. 

The following reflects the changes in the carrying amount of goodwill during the three months ended September 30, 2019:

Product Group	As of June 30, 2019		Foreign Currency Translation and Other		As of September 30, 2019
	(in millions)
Fiber Solutions	$	1,000.9	$	(3.2)	$	997.7
Layer 2/3		200.8		(0.7)		200.1
Transport		176.2		(0.6)		175.6
zColo		259.6		(1.0)		258.6
Cloud		14.7		—		14.7
Allstream		39.0		—		39.0
Other		15.4		—		15.4
Total	$	1,706.6	$	(5.5)	$	1,701.1