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Employee Benefit Plans (Tables)
9 Months Ended
Mar. 31, 2017
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 months ended March 31, 2017 and 2016, respectively:
 
Three Months Ended
 
Nine Months Ended
 
March 31,
 
March 31,
 
2017
 
2016
 
2017
 
2016
Operating expenses
$
4.6

 
$
5.3

 
$
16.4

 
$
17.0

Selling, general and administrative expenses
25.1

 
22.6

 
71.0

 
72.7

System development and programming costs
4.6

 
3.8

 
13.8

 
12.7

Total pre-tax stock-based compensation expense
$
34.3

 
$
31.7

 
$
101.2

 
$
102.4

 
 
 
 
 
 
 
 
Income tax benefit
$
12.5

 
$
11.2

 
$
36.3

 
$
37.0

Changes In Stock Options Outstanding
Stock Options:
 
 

Number
of Options
(in thousands)
 

Weighted
Average Price
(in dollars)
Options outstanding at July 1, 2016
 
4,869

 
$
65

Options granted
 
1,234

 
$
91

Options exercised
 
(1,529
)
 
$
56

Options canceled/forfeited
 
(202
)
 
$
79

Options outstanding at March 31, 2017
 
4,372

 
$
75

Time Based Restricted Shares and Units
Time-Based Restricted Stock and Time-Based Restricted Stock Units:
 
 

Number of Shares
(in thousands)
 

Number of Units
(in thousands)
Restricted shares/units outstanding at July 1, 2016
 
1,889

 
434

Restricted shares/units granted
 
884

 
202

Restricted shares/units vested
 
(855
)
 
(202
)
Restricted shares/units forfeited
 
(127
)
 
(36
)
Restricted shares/units outstanding at March 31, 2017
 
1,791

 
398

Performance Based Restricted shares and units
Performance-Based Restricted Stock and Performance-Based Restricted Stock Units:
 
 

Number of Shares
(in thousands)
 
Number of Units
(in thousands)
Restricted shares/units outstanding at July 1, 2016
 
574

 
811

Restricted shares/units granted
 
172

 
313

Restricted shares/units vested
 
(311
)
 
(272
)
Restricted shares/units forfeited
 
(24
)
 
(77
)
Restricted shares/units outstanding at March 31, 2017
 
411

 
775

Assumptions Used To Estimate Fair Value For Stock Options Granted
The fair value for stock options granted was estimated at the date of grant using the following assumptions:
 
 
Nine Months Ended
 
 
March 31,
 
 
2017
 
2016
Risk-free interest rate
 
1.2
%
 
1.6
%
Dividend yield
 
2.3
%
 
2.6
%
Weighted average volatility factor
 
23.2
%
 
25.6
%
Weighted average expected life (in years)
 
5.4

 
5.4

Weighted average fair value (in dollars)
 
$
14.36

 
$
13.16

Schedule of Net Benefit Costs
The components of net pension expense were as follows:
 
Three Months Ended
 
Nine Months Ended
 
March 31,
 
March 31,
 
2017
 
2016
 
2017
 
2016
Service cost – benefits earned during the period
$
20.2

 
$
17.6

 
$
60.6

 
$
52.8

Interest cost on projected benefits
14.9

 
16.8

 
45.0

 
50.6

Expected return on plan assets
(33.9
)
 
(32.8
)
 
(101.9
)
 
(98.5
)
Net amortization and deferral
4.8

 
2.8

 
14.4

 
8.3

Net pension expense
$
6.0

 
$
4.4

 
$
18.1

 
$
13.2