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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES      
Net income $ 11.3 $ 58.7 $ 132.8
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 119.3 122.3 111.9
Goodwill impairment charge 12.5 0.0 0.0
Non-cash excess inventory write-down 22.5 0.0 0.0
Non-cash restructuring and asset impairment charges 7.6 7.6 0.0
Deferred income taxes 0.8 60.4 (9.7)
Net pension expense 53.8 44.5 57.9
Payments from qualified pension plan associated with restructuring charges 9.4 8.3 0.0
Stock-based compensation expense 8.7 10.0 11.4
Net loss on disposal of property and equipment 0.6 1.2 1.5
Changes in working capital and other:      
Accounts receivable 48.2 25.4 5.6
Inventories 1.6 36.0 (37.0)
Other current assets (2.1) (0.3) (5.0)
Accounts payable (7.6) (59.9) 16.8
Accrued liabilities (14.0) (12.1) (21.1)
Pension plan contributions 0.0 (7.2) (6.3)
Other postretirement plan contributions (13.0) (13.2) (13.1)
Other, net (2.7) 0.9 (6.1)
Net cash provided from operating activities 256.9 282.6 239.6
INVESTING ACTIVITIES      
Purchases of property, equipment and software (95.2) (170.5) (349.2)
Proceeds from disposals of property and equipment and assets held for sale 1.4 0.2 0.3
Proceeds received from sale of equity method investment 6.3 0.0 0.0
Proceeds from maturities of marketable securities 0.9 0.3 0.3
Other 4.0 0.0 0.0
Net cash used for investing activities (82.6) (170.0) (348.6)
FINANCING ACTIVITIES      
Dividends paid (34.8) (37.9) (38.5)
Purchases of treasury stock (123.9) (124.5) 0.0
Payments on seller financed debt related to purchase of software (4.9) 0.0 0.0
Tax benefits on share-based compensation 0.0 0.7 2.3
Proceeds from stock options exercised 0.5 2.3 7.1
Net cash used for financing activities (163.1) (159.4) (29.1)
Effect of exchange rate changes on cash and cash equivalents 0.8 (3.2) 0.6
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 12.0 (50.0) (137.5)
Cash and cash equivalents at beginning of year 70.0 120.0 257.5
Cash and cash equivalents at end of year $ 82.0 $ 70.0 $ 120.0