Leases (Tables)

9 Months Ended

Mar. 31, 2020

The following table sets forth the components of the Company’s lease cost for the three and nine months ended March 31, 2020:



	Three Months Ended March 31,			Nine Months Ended March 31,
($ in millions)	2020			2020
Operating lease cost	$	3.8		$	10.8
Short-term lease cost	0.9			2.7
Variable lease cost	0.1			0.3
Total lease cost	$	4.8		$	13.8

Operating cash flow payments from operating leases	$	3.9		$	10.5
Non-cash ROU assets obtained in exchange for lease obligations	$	5.2		$	18.7
Weighted-average remaining lease term - operating leases	8.2 years			8.2 years
Weighted-average discount rate - operating leases	3.9		%	3.9		%

Summary of right-of-use assets and lease liabilities

The following table sets forth the Company’s ROU assets and lease liabilities at March 31, 2020:



($ in millions)	March 31, 2020
Operating lease assets:
Other assets	$	61.9
Operating lease liabilities:
Other accrued liabilities	$	11.7
Other liabilities	52.6
Total operating lease liabilities	$	64.3

Schedule of minimum lease payments for operating leases expiring subsequent to September 30, 2019 and December 31, 2019

Minimum lease payments for operating leases expiring subsequent to March 31, 2020 are as follows:



($ in millions)	March 31, 2020
2020 (remaining period of fiscal year)	$	3.7
2021	13.3
2022	11.5
2023	9.7
2024	7.8
Thereafter	30.5
Total future minimum lease payments	76.5
Less imputed interest	(12.2		)
Total	$	64.3

Schedule of minimum lease payments for operating leases under ASC 840 expiring subsequent to June 30, 2019

The below table as of June 30, 2019 is carried forward, including certain amounts that were historically included in the table as a result of the historical lease term conclusions but were not included in the initial ROU asset and lease liability measurement as of June 30, 2019. Minimum lease payments for operating leases under ASC 840 expiring subsequent to June 30, 2019 were as follows:



($ in millions)	June 30, 2019
2020	$	12.7
2021	10.4
2022	8.3
2023	6.6
2024	5.0
Thereafter	23.5
Total future minimum lease payments	$	66.5