Employee Benefit Plans (Tables)

3 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Components Of Stock-Based Compensation Expense

The following table represents pre-tax stock-based compensation expense for the three months ended September 30, 2020 and 2019, respectively:

	Three Months Ended
	September 30,
	2020		2019
Operating expenses	$	3.6	$	4.0
Selling, general and administrative expenses	25.3		28.3
System development and programming costs	4.9		4.8
Total stock-based compensation expense	$	33.8	$	37.1

Share-based Payment Arrangement, Option, Activity

Stock Options:

	Number of Options (in thousands)	Weighted Average Price (in dollars)
Options outstanding at July 1, 2020	3,510	$	126
Options granted	1,153	$	139
Options exercised	(156)	$	95
Options forfeited/cancelled	(8)	$	144
Options outstanding at September 30, 2020	4,499	$	130

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, 2020	905	180
Restricted shares/units granted	636	103
Restricted shares/units vested	(340)	(73)
Restricted shares/units forfeited	(9)	(1)
Restricted shares/units outstanding at September 30, 2020	1,192	209

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, 2020	179	851
Restricted shares/units granted	156	167
Restricted shares/units vested	(70)	(279)
Restricted shares/units forfeited	(2)	(5)
Restricted shares/units outstanding at September 30, 2020	263	734

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value for stock options granted was estimated at the date of grant using the following assumptions:

	Three Months Ended
	September 30,
	2020			2019
Risk-free interest rate	0.1		%	1.4		%
Dividend yield	2.6		%	1.9		%
Weighted average volatility factor	25.8		%	19.3		%
Weighted average expected life (in years)	5.4			5.4
Weighted average fair value (in dollars)	$	21.66		$	24.40

Schedule of Net Benefit Costs

The components of net pension income were as follows:

	Three Months Ended
	September 30,
	2020		2019
Service cost – benefits earned during the period	$	1.2	$	14.9
Interest cost on projected benefits	12.7		15.4
Expected return on plan assets	(30.4)		(29.5)
Net amortization and deferral	2.5		1.6
Settlement charges and special termination benefits	2.9		(5.1)
Net pension income	$	(11.1)	$	(2.7)