Discontinued Operations (Tables)

6 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the comparative financial results of discontinued operations which are presented as Net earnings from discontinued operations in the consolidated statements of operations:

	Three Months Ended December 31,						Six Months Ended December 31,
	2019			2018			2019			2018
Revenues	$	84.8		$	111.7		$	170.5		$	219.9
Expenses:
Cost of revenues	65.9			79.3			132.9			157.7
Selling, general and administrative expenses	10.5			7.6			21.6			14.7
Provision for valuation allowance	69.2			—			69.2			—
Restructuring expenses	—			0.1			—			1.5
Total expenses	145.6			87.0			223.7			173.9
Earnings (loss) before income taxes	(60.8		)	24.7			(53.2		)	46.0
Benefit from (provision for) income taxes	15.1			(6.4		)	13.2			(11.9		)
Net earnings (loss) from discontinued operations	$	(45.7	)	$	18.3		$	(40.0	)	$	34.1

The total assets and liabilities held for sale are stated separately in the consolidated balance sheets. Assets and liabilities held for sale were classified as current at December 31, 2019 and June 30, 2019 as it was probable that the sale would occur within one year as of those dates.

	December 31, 2019			June 30, 2019
Assets:
Current assets:
Accounts Receivable	$	108.5		$	121.9
Prepaid and other current assets	2.6			1.1
Total current assets	111.1			123.0
Property, plant and equipment, net	2.3			2.3
Goodwill	59.4			59.4
Intangible assets, net	39.7			35.6
Other assets	2.9			0.2
Total current assets held for sale	215.4			220.5
Liabilities:
Current liabilities:
Accounts payable	13.6			19.4
Deferred revenues	1.1			0.8
Accrued expenses and other current liabilities	34.9			26.0
Total current liabilities	49.6			46.2
Other liabilities	0.4			2.7
Total current liabilities held for sale	50.0			48.9
Net assets held for sale, at unadjusted carrying value(1)	165.4			171.6
Valuation allowance	(69.2		)	—
Net assets held for sale, at fair value less selling costs	$	96.2		$	171.6