Common Stock Repurchases

12 Months Ended

Jun. 30, 2018

Common Stock Repurchases [Abstract]

Treasury Stock [Text Block]

COMMON STOCK REPURCHASES

On July 20, 2017, the board of directors of the Company authorized the repurchase of up to $1.0 billion of the Company's common stock. The stock repurchase authorization does not have an expiration date and the pace of repurchase activity will depend on factors such as current stock price, levels of cash generation from operations, cash requirements, and other factors. The Company's prior repurchase authorization has been cancelled and superseded by this new repurchase authorization.

During fiscal years 2018, 2017 and 2016, the Company repurchased approximately 7.5 million, 6.1 million and 6.8 million shares of its common stock for $408.0 million, $251.8 million and $237.1 million, respectively. As of June 30, 2018, the Company had a remaining authorization of $618.4 million for future share repurchases.