Assets Held-for-Sale, Discontinued Operations, and Dispositions (Tables)

6 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Major Components of Assets and Liabilities Held-for-Sale

The following table presents the major components which are included in assets held-for-sale and liabilities associated with assets held-for-sale.

(in millions)	December 31, 2019		June 30, 2019
Current assets
Cash and cash equivalents	$	—	$	5.1
Accounts receivable, net	2.4		78.1
Inventories	—		0.1
Current portion of subscription acquisition costs	—		34.4
Other current assets	—		0.8
Total current assets	2.4		118.5
Net property, plant, and equipment	0.3		14.3
Operating lease assets	1.4		—
Subscription acquisition costs	—		19.2
Other assets	34.0		1.0
Intangible assets, net	0.8		43.9
Goodwill	12.9		124.1
Total assets held-for-sale	$	51.8	$	321.0
Current liabilities
Current portion of operating lease liabilities	$	0.1	$	—
Accounts payable	0.4		45.2
Accrued expenses and other liabilities	—		27.8
Current portion of unearned revenues	—		67.9
Deferred sale proceeds	—		73.2
Total current liabilities	0.5		214.1
Operating lease liabilities	1.3		—
Unearned revenues	—		37.6
Other noncurrent liabilities	—		0.4
Total liabilities associated with assets held-for-sale	$	1.8	$	252.1

Amounts Applicable to Discontinued Operations in Income

Amounts applicable to discontinued operations on the Condensed Consolidated Statements of Earnings are as follows:

	Three Months						Six Months
Periods ended December 31,	2019			2018			2019			2018
(In millions except per share data)
Revenues	$	25.3		$	128.2		$	110.8		$	251.9
Costs and expenses	(20.9		)	(109.6		)	(107.6		)	(225.9		)
Impairment of goodwill	(11.8		)	—			(16.0		)	—
Interest expense	(0.8		)	(9.3		)	(2.0		)	(15.7		)
Gain on disposal	3.0			—			3.0			—
Earnings (loss) before income taxes	(5.2		)	9.3			(11.8		)	10.3
Income tax expense	(19.1		)	(78.8		)	(18.5		)	(79.0		)
Loss from discontinued operations, net of income taxes	$	(24.3	)	$	(69.5	)	$	(30.3	)	$	(68.7	)
Loss per share from discontinued operations
Basic	$	(0.54	)	$	(1.53	)	$	(0.66	)	$	(1.52	)
Diluted	(0.51		)	(1.47		)	(0.66		)	(1.46		)