REVENUE AND CONTRACT COSTS (Tables)

6 Months Ended

Dec. 31, 2019

REVENUE AND CONTRACT COSTS

Reconciliation of Revenue from Contract with Customers

The following table provides the amount of revenue that is not subject to ASC 606, but is instead governed by other accounting standards:

	Three Months Ended December 31,					Six Months Ended December 31,
		2019		2018			2019		2018
		(in millions)
Revenue from Contracts with Customers - ASC 606		$	341.3		376.2		$	688.2	$	757.1
Lease Revenue - ASC 842 (1)			312.4		262.9			604.1		523.1
Total revenue		$	653.7	$	639.1		$	1,292.3	$	1,280.2

⁽¹⁾ Includes revenue from use of long-term Fiber Contracts and Colocation solutions, which are not within the scope of ASC 606. See Note 14 – Leases.

Summary of Customer Receivables, Contract Assets and Liabilities

	December 31, 2019		June 30, 2019
	(in millions)
Customer receivable, net(1)	$	71.0	$	136.4
Contract liabilities(1)	$	45.9	$	50.5

⁽¹⁾ Amounts do not include balances associated with lease revenue from the Company’s Zayo Networks and zColo segments.