Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Assets Measured at Fair Value on a Recurring Basis

The following table sets forth the carrying value and the estimated fair value of the Company's financial instruments not measured at fair value on a recurring basis:

	December 31, 2019				June 30, 2019
(In millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
Broadcast rights payable	$	22.4	$	21.1	$	15.0	$	13.6
Total long-term debt	2,355.9		2,457.0		2,333.3		2,452.9

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets forth the assets and liabilities measured at fair value on a recurring basis:

(In millions)	December 31, 2019		June 30, 2019
Accrued expenses and other liabilities
Deferred compensation plans	$	3.8	$	4.7
Other noncurrent liabilities
Contingent consideration	5.2		0.8
Deferred compensation plans	16.2		16.2

Changes in Fair Value of Level 3 Contingent Consideration and Corporate Airplanes

Details of changes in the Level 3 fair value of contingent consideration and certain trademarks are as follows:

Six months ended December 31,		2019			2018
(In millions)
Contingent consideration
Balance at beginning of period		$	0.8		$	25.4
Additions due to acquisitions		4.1			—
Payments		—			(19.3		)
Fair value adjustment of contingent consideration		0.3			(0.1		)
Balance at end of period		$	5.2		$	6.0
Trademark 1
Balance at beginning of period		$	5.2		$	—
Impairment		(5.2		)	—
Balance at end of period		$	—		$	—
1	Represents the fair value of a national media trademark fully impaired at September 30, 2019. For further details, refer to Note 6.