Share-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Summary of weighted-average assumptions of fair value of stock options

The fair value of stock options awarded in fiscal years 2020, 2019 and 2018 was estimated on the date of each grant using a Black-Scholes option pricing model with the following weighted-average assumptions:

	Years Ended June 30,
	2020		2019		2018
Expected volatility	39	%	36	%	35	%
Dividend yield	1.4	%	1.3	%	1.8	%
Risk-free interest rate	1.8	%	2.8	%	1.8	%
Expected term (in years)	5.0		5.0		5.0

Summary of stock option activity

	Number of Awards		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value ($ in millions)
Outstanding at June 30, 2017	2,392,428		$	42.27
Granted	252,545		$	41.27
Exercised	(362,571	)	$	35.70
Forfeited	(25,915	)	$	45.27
Expired	(33,226	)	$	63.12
Outstanding at June 30, 2018	2,223,261		$	42.88
Granted	124,977		$	57.92
Exercised	(96,514	)	$	39.93
Forfeited	(125,435	)	$	40.17
Outstanding at June 30, 2019	2,126,289		$	44.06
Granted	167,926		$	44.75
Exercised	(117,049	)	$	36.37
Forfeited	(27,017	)	$	46.62
Expired	(608	)	$	30.69
Outstanding at June 30, 2020	2,149,541		$	44.50	5.5 years	$	—
Exercisable at June 30, 2020	1,888,639		$	44.19	5.0 years	$	—

Summary of outstanding and exercisable options by exercise price range

Exercise Price Range	Number Outstanding at June 30, 2020	Weighted Average Remaining Contractual Term (in Years)	Weighted Average Exercise Price		Number Exercisable at June 30, 2020	Weighted Average Exercise Price
$30.01 - $40.00	860,528	5.8	$	38.51	860,528	$	38.51
$40.01 - $50.00	617,005	6.3	$	42.74	409,653	$	42.29
$50.01 - $59.53	672,008	4.2	$	53.80	618,458	$	53.36
	2,149,541		$	44.50	1,888,639	$	44.19

Summary of nonvested stock awards activity

	Number of Awards		Weighted Average Grant Date Fair Value
Restricted Balance at June 30, 2017	392,477		$	37.47
Time-based granted	138,718		$	41.49
Performance-based granted	124,432		$	50.99
Vested	(62,215	)	$	35.35
Forfeited	(21,384	)	$	39.48
Restricted Balance at June 30, 2018	572,028		$	41.54
Time-based granted	132,421		$	57.92
Vested	(175,554	)	$	38.39
Forfeited	(54,560	)	$	41.62
Restricted Balance at June 30, 2019	474,335		$	44.66
Time-based granted	191,755		$	44.19
Vested	(291,443	)	$	42.26
Forfeited	(50,229	)	$	46.08
Restricted Balance at June 30, 2020	324,418		$	45.99

Summary Of Director stock units activity

	Number of Units		Weighted Average Grant Date Fair Value
Outstanding at June 30, 2017	338,553		$	42.47
Granted	21,813		$	49.14
Distributed	(35,489	)	$	35.22
Dividend equivalents	4,869		$	—
Outstanding at June 30, 2018	329,746		$	33.05
Granted	21,158		$	56.00
Distributed	(32,352	)	$	39.01
Dividend equivalents	6,003		$	—
Outstanding at June 30, 2019	324,555		$	35.25
Granted	23,002		$	48.72
Distributed	(32,779	)	$	33.03
Dividend equivalents	8,381		$	—
Outstanding at June 30, 2020	323,159		$	36.25