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Leases
12 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases LEASES
The Company records leases on the Consolidated Balance Sheets as operating lease ROU assets, records the current portion of operating lease liabilities within accrued expenses and other current liabilities and, separately, records long-term operating lease liabilities. The difference between total ROU assets and total lease liabilities are primarily attributable to pre-payments of our obligations and the recognition of various lease incentives.

The Company has entered into operating lease agreements for facilities and equipment. The Company's leases have remaining lease terms of up to approximately eleven years.

The components of operating lease expense were as follows:
Year ended
June 30,
202420232022
Operating lease cost$125.0 $135.2 $144.7 
Short-term lease cost1.4 2.0 1.1 
Variable lease cost18.3 16.1 11.5 
Total operating lease cost$144.7 $153.3 $157.3 
The following table provides supplemental cash flow information related to the Company's leases:
Year ended
June 30,
202420232022
Cash paid for operating lease liabilities$125.5 $129.2 $127.6 
Operating lease ROU assets obtained in exchange for new operating lease liabilities$97.4 $90.5 $127.4 

Other information related to our operating lease liabilities is as follows:
June 30,June 30,
20242023
Weighted-average remaining lease term (in years)56
Weighted-average discount rate3.3 %2.7 %
Current operating lease liability$92.2 $95.5 

As of June 30, 2024, maturities of operating lease liabilities are as follows:
Twelve months ending June 30, 2025$105.9 
Twelve months ending June 30, 202694.8 
Twelve months ending June 30, 202782.6 
Twelve months ending June 30, 202862.9 
Twelve months ending June 30, 202940.2 
Thereafter74.0 
Total undiscounted lease obligations460.4 
Less: Imputed interest(39.6)
Net lease obligations$420.8