Leases (Tables)

3 Months Ended

Sep. 30, 2020

Leases [Abstract]

Summary of lease cost

The following table sets forth the components of the Company’s lease cost for the three months ended September 30, 2020 and September 30, 2019:

	Three Months Ended September 30,		Three Months Ended September 30,
($ in millions)	2020		2019
Operating lease cost	$	3.6	$	3.4
Short-term lease cost	0.8		0.8
Variable lease cost	0.2		0.1
Total lease cost	$	4.6	$	4.3
Operating cash flow payments from operating leases	$	3.5	$	3.3
Non-cash ROU assets obtained in exchange for lease obligations	$	1.4	$	0.9

The following table sets forth the Company’s weighted-average remaining lease term and weighted-average discount rate at September 30, 2020 and June 30, 2020:

	September 30, 2020		June 30, 2020
Weighted-average remaining lease term - operating leases	8.0 years		8.1 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 September 30, 2020 and June 30, 2020:

($ in millions)	September 30, 2020		June 30, 2020
Operating lease assets:
Other assets	$	46.6	$	52.0
Operating lease liabilities:
Other accrued liabilities	$	11.1	$	11.5
Other liabilities	45.3		50.3
Total operating lease liabilities	$	56.4	$	61.8

Schedule of minimum lease payments for operating leases expiring

Minimum lease payments for operating leases expiring subsequent to September 30, 2020 are as follows:

($ in millions)	September 30, 2020
2021 (remaining period of fiscal year)	$	10.9
2022	11.5
2023	9.9
2024	7.7
2025	4.8
Thereafter	23.6
Total future minimum lease payments	68.4
Less imputed interest	(12.0)
Total	$	56.4