Leases (Tables)

6 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease, Cost

The total lease cost for operating leases included within the selling, general, and administrative line on the Condensed Consolidated Statements of Earnings was as follows:

Periods ended December 31, 2019	Three Months			Six Months
(In millions)
Operating lease cost	$	16.7		$	33.5
Variable lease cost	0.5			1.1
Short term lease cost	0.1			0.2
Sublease income	(1.6		)	(3.5		)
Total lease cost	$	15.7		$	31.3

Supplemental Information

The table below presents supplemental information related to operating leases:

Six months ended December 31, 2019
(In millions except for lease term and discount rate)
Operating cash flows for operating leases	$	33.2
Noncash lease liabilities arising from obtaining operating lease assets	2.9
Weighted average remaining lease term (in years)	11.4
Weighted average discount rate	5.3		%

Lease Maturity Schedule

Maturities of operating lease liabilities as of December 31, 2019, were as follows:

Years ending June 30,
(In millions)
2020	$	30.9
2021	61.4
2022	60.3
2023	60.1
2024	61.5
Thereafter	426.8
Total lease payments	701.0
Less: Interest	(181.9		)
Present value of lease liabilities	$	519.1

Schedule of Future Minimum Rental Payments for Operating Leases

Future minimum lease payments under operating leases as of June 30, 2019, were as follows:

	Payments Due In
Years ending June 30,	2020		2021		2022		2023		2024		Thereafter		Total
(In millions)
Operating leases	$	61.3	$	57.5	$	54.9	$	52.4	$	52.8	$	397.7	$	676.6