Leases (Tables)

9 Months Ended

Mar. 31, 2022

Leases [Abstract]

Summary of lease cost

The following table sets forth the components of the Company's lease cost for the three and nine months ended March 31, 2022 and March 31, 2021:

	Three Months Ended March 31,				Nine Months Ended March 31,
($ in millions)	2022		2021		2022		2021
Operating lease cost	$	2.8	$	3.0	$	7.7	$	9.8
Short-term lease cost	0.9		0.7		2.5		2.3
Variable lease cost	0.2		—		0.5		0.2
Sublease income	(0.2)		(0.3)		(0.7)		(0.5)
Total lease cost	$	3.7	$	3.4	$	10.0	$	11.8
Operating cash flow payments from operating leases	$	2.7	$	3.1	$	8.2	$	10.2
Non-cash ROU assets obtained in exchange for lease obligations	$	0.2	$	—	$	15.5	$	1.4

The following table sets forth the Company's weighted-average remaining lease term and weighted-average discount rate at March 31, 2022 and June 30, 2021:

	March 31, 2022		June 30, 2021
Weighted-average remaining lease term - operating leases	8.7 years		8.4 years
Weighted-average discount rate - operating leases	3.7	%	4.0	%

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, 2022 and June 30, 2021:

($ in millions)	March 31, 2022		June 30, 2021
Operating lease assets:
Other assets	$	44.3	$	34.3
Operating lease liabilities:
Accrued liabilities	$	9.5	$	9.0
Other liabilities	44.5		35.5
Total operating lease liabilities	$	54.0	$	44.5

Schedule of minimum lease payments for operating leases expiring

Minimum lease payments for operating leases by fiscal year expiring subsequent to March 31, 2022 are as follows:

($ in millions)	March 31, 2022
2022	$	2.7
2023	10.8
2024	8.6
2025	6.2
2026	5.0
Thereafter	30.8
Total future minimum lease payments	64.1
Less imputed interest	(10.1)
Total	$	54.0