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Share-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2021
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 2021, 2020 and 2019 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,
 202120202019
Expected volatility50 %39 %36 %
Dividend yield0.3 %1.4 %1.3 %
Risk-free interest rate4.4 %1.8 %2.8 %
Expected term (in years)5.05.05.0
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, 20182,223,261 $42.88   
Granted124,977 $57.92   
Exercised(96,514)$39.93   
Forfeited(125,435)$40.17   
Outstanding at June 30, 20192,126,289 $44.06   
Granted167,926 $44.75   
Exercised(117,049)$36.37   
Forfeited(27,017)$46.62   
Expired(608)$30.69 
Outstanding at June 30, 20202,149,541 $44.50   
Granted67,142 $18.26   
Exercised(11,871)$38.68   
Forfeited(59,330)$44.91   
Expired(69,729)$50.64 
Outstanding at June 30, 20212,075,753 $43.47  4.7 years$2,713,698 
Exercisable at June 30, 20211,909,305 $44.15 4.4 years$1,239,260 
Summary of Outstanding and Exercisable Options by Exercise Price Range
Exercise Price
Range
Number Outstanding at June 30, 2021Weighted
Average
Remaining
Contractual
Term (in Years)
Weighted
Average
Exercise
Price
Number Exercisable at June 30, 2021Weighted
Average
Exercise
Price
$18.26 - $20.00
67,142 9.3$18.26 — $— 
$20.01 - $30.00
— 0.0$— — $— 
$30.01 - $40.00
816,877 5.0$38.70 816,877 $38.70 
$40.01 - $50.00
582,038 5.2$42.77 505,731 $42.57 
$50.01 - $59.53
609,696 3.4$53.30 586,697 $53.08 
 2,075,753  $43.47 1,909,305 $44.15 
Summary of Nonvested Stock Awards Activity
 Number of AwardsWeighted Average Grant Date Fair Value
Restricted Balance at June 30, 2018572,028 $41.54 
Time-based granted132,421 $57.92 
Vested(175,554)$38.39 
Forfeited(54,560)$41.62 
Restricted Balance at June 30, 2019474,335 $44.66 
Time-based granted191,755 $44.19 
Vested(291,443)$42.26 
Forfeited(50,229)$46.08 
Restricted Balance at June 30, 2020324,418 $45.99 
Time-based granted413,288 $23.85 
Vested(180,565)$45.34 
Forfeited(60,816)$32.89 
Restricted Balance at June 30, 2021496,325 $44.98 
Summary of Director Stock Units Activity
 Number of UnitsWeighted Average Grant Date Fair Value
Outstanding at June 30, 2018329,746 $33.05 
Granted21,158 $56.00 
Distributed(32,352)$39.01 
Dividend equivalents6,003 $— 
Outstanding at June 30, 2019324,555 $35.25 
Granted23,002 $48.72 
Distributed(32,779)$33.03 
Dividend equivalents8,381 $— 
Outstanding at June 30, 2020323,159 $36.25 
Granted62,144 $18.55 
Distributed(40,901)$38.63 
Dividend equivalents8,963 $— 
Outstanding at June 30, 2021353,365 $35.54