XML 42 R33.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
 6 Months Ended
Dec. 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 six months ended December 31, 2022 and December 31, 2021:

Three Months Ended
December 31,		Six Months Ended
December 31,
($ in millions)2022202120222021
Operating lease cost$2.8 $2.5 $5.6 $5.0 
Short-term lease cost1.0 0.8 1.9 1.7 
Variable lease cost— 0.1 — 0.3 
Sublease income(0.2)(0.2)(0.5)(0.5)
Total lease cost, net$3.6 $3.2 $7.0 $6.5 
Operating cash flow payments from operating leases$3.1 $2.8 $6.2 $5.6 
Non-cash ROU assets obtained in exchange for lease obligations$0.9 $15.1 $1.2 $15.5 
The following table sets forth the Company's weighted-average remaining lease term and weighted-average discount rate at December 31, 2022 and June 30, 2022:
December 31,
2022		June 30,
2022
Weighted-average remaining lease term - operating leases8.3 years8.5 years
Weighted-average discount rate - operating leases3.8 %3.7 %
Summary of Right-of-Use Assets and Lease Liabilities
The following table sets forth the Company's ROU assets and lease liabilities at December 31, 2022 and June 30, 2022:

($ in millions)December 31,
2022		June 30,
2022
Operating lease assets:
    Other assets$39.4 $42.9 
Operating lease liabilities:
    Accrued liabilities$9.6 $9.9 
    Other liabilities39.1 42.7 
Total operating lease liabilities$48.7 $52.6 
Schedule of Minimum Lease Payments for Operating Leases Expiring
Minimum lease payments for operating leases by fiscal year expiring subsequent to December 31, 2022 are as follows:

($ in millions)December 31,
2022
2023 (remaining period of fiscal year)$6.0 
20249.2 
20256.6 
20265.1 
20275.1 
Thereafter25.4 
Total future minimum lease payments57.4 
Less: imputed interest(8.7)
Total$48.7