Leases (Tables)

12 Months Ended

Jun. 30, 2024

Leases [Abstract]

Lease, Cost

The following table sets forth the components of the Company's lease cost for the fiscal years ended June 30, 2024, 2023 and 2022:

	Years Ended June 30,
($ in millions)	2024		2023		2022
Operating lease cost	$	11.0	$	11.3	$	10.9
Short-term lease cost	4.4		3.8		3.5
Variable lease cost	0.2		0.1		0.1
Sublease income	(1.0)		(1.2)		(1.0)
Total lease cost	$	14.6	$	14.0	$	13.5
Operating cash flow payments from operating leases	$	11.6	$	12.3	$	11.4
Noncash ROU assets obtained in exchange for lease obligations	$	4.3	$	9.9	$	16.5

The leases have a remaining term of one to thirteen years. The following table sets forth the Company's weighted-average remaining lease term and weighted-average discount rate at June 30, 2024, 2023 and 2022:

	Years Ended June 30,
	2024		2023		2022
Weighted-average remaining lease term - operating leases	7.4 years		8.0 years		8.5 years
Weighted-average discount rate - operating leases	4.4	%	4.1	%	3.7	%

Assets and Liabilities Lessee

The following table sets forth the Company's ROU assets and lease liabilities at June 30, 2024 and June 30, 2023:

	June 30,
($ in millions)	2024		2023
Operating lease assets:
Other assets	$	39.0	$	43.9
Operating lease liabilities:
Accrued liabilities	$	8.8	$	9.1
Other liabilities	38.4		43.6
Total operating lease liabilities	$	47.2	$	52.7

Schedule of Minimum Lease Payments for Operating Leases

Minimum lease payments by fiscal year for operating leases expiring subsequent to June 30, 2024, are as follows:

($ in millions)	Lease Payments
2025	$	10.4
2026	8.1
2027	7.6
2028	6.4
2029	4.9
Thereafter	17.7
Total future minimum lease payments	55.1
Less: imputed interest	7.9
Total	$	47.2