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Employee Benefit Plans (Tables)
 9 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Components Of Stock-Based Compensation Expense
The following table represents stock-based compensation expense and related income tax benefits for the three and nine months ended March 31, 2016 and 2015, respectively:
 
Three Months Ended
 
Nine Months Ended
 
March 31,
 
March 31,
 
2016
 
2015
 
2016
 
2015
Operating expenses
$
5.3

 
$
6.3

 
$
17.0

 
$
21.3

Selling, general and administrative expenses
22.6

 
24.6

 
72.7

 
73.4

System development and programming costs
3.8

 
4.9

 
12.7

 
16.0

Total pre-tax stock-based compensation expense
$
31.7

 
$
35.8

 
$
102.4

 
$
110.7

 
 
 
 
 
 
 
 
Income tax benefit
$
11.2

 
$
13.0

 
$
37.0

 
$
39.7
Changes In Stock Options Outstanding
 
 

Number
of Options
(in thousands)
 

Weighted
Average Price
(in dollars)
Options outstanding at July 1, 2015
 
5,888

 
$
55

Options granted
 
1,138

 
$
75

Options exercised
 
(1,711
)
 
$
41

Options canceled/forfeited
 
(175
)
 
$
70

Options outstanding at March 31, 2016
 
5,140

 
$
64
Time Based Restricted Shares and Units
 
 

Number of Shares
(in thousands)
 

Number of Units
(in thousands)
Restricted shares/units outstanding at July 1, 2015
 
2,137

 
486

Restricted shares/units granted
 
993

 
242

Restricted shares/units vested
 
(1,125
)
 
(245
)
Restricted shares/units forfeited
 
(112
)
 
(44
)
Restricted shares/units outstanding at March 31, 2016
 
1,893

 
439
Performance Based Restricted shares and units
 
 

Number of Shares
(in thousands)
 
Number of Units
(in thousands)
Restricted shares/units outstanding at July 1, 2015
 
903

 
534

Restricted shares/units granted
 
286

 
354

Restricted shares/units vested
 
(540
)
 
(37
)
Restricted shares/units forfeited
 
(59
)
 
(43
)
Restricted shares/units outstanding at March 31, 2016
 
590

 
808
Assumptions Used To Estimate Fair Value For Stock Options Granted
 
Nine Months Ended
 
March 31,
 
2016
 
2015
Risk-free interest rate
1.6
%
 
1.5
%
Dividend yield
2.6
%
 
2.3
%
Weighted average volatility factor
25.6
%
 
23.4
%
Weighted average expected life (in years)
5.4

 
5.4

Weighted average fair value (in dollars) (A)
$
13.16

 
$
14.29



(A) The weighted average fair values of grants issued before September 30, 2014 were adjusted to reflect the impact of the
spin-off of CDK.
Components Of Net Pension Expense
The components of net pension expense were as follows:
 
Three Months Ended
 
Nine Months Ended
 
March 31,
 
March 31,
 
2016
 
2015
 
2016
 
2015
Service cost – benefits earned during the period
$
17.6

 
$
16.4

 
$
52.8

 
$
52.0

Interest cost on projected benefits
16.8

 
15.6

 
50.6

 
47.2

Expected return on plan assets
(32.8
)
 
(32.4
)
 
(98.5
)
 
(97.3
)
Net amortization and deferral
2.8

 
4.3

 
8.3

 
12.9

Curtailments and special termination benefits
—

 
—

 
—

 
3.2

Net pension expense
$
4.4

 
$
3.9

 
$
13.2

 
$
18.0