Debt

3 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Debt

Debt

The Company issued four series of fixed-rate notes with staggered maturities of 7 and 10 years at the time of issuance totaling $4.0 billion (collectively the “Notes”). The Notes are senior unsecured obligations, and interest is payable in arrears, semi-annually.

The principal amounts and associated effective interest rates of the Notes and other debt as of September 30, 2025 and June 30, 2025, are as follows:

Debt instrument	Effective Interest Rate	September 30, 2025		June 30, 2025
Fixed-rate 1.700% notes due May 15, 2028	1.85%	1,000.0		1,000.0
Fixed-rate 1.250% notes due September 1, 2030	1.83%	1,000.0		1,000.0
Fixed-rate 4.750% notes due May 8, 2032	4.95%	1,000.0		1,000.0
Fixed-rate 4.450% notes due September 9, 2034	4.75%	1,000.0		1,000.0
Other		2.6		2.9
		4,002.6		4,002.9
Less: current portion (a)		(1.0)		(1.0)
Less: unamortized discount and debt issuance costs		(26.0)		(27.2)
Total long-term debt		$	3,975.6	$	3,974.7

(a) - Current portion of long-term debt as of September 30, 2025 is included within accrued expenses and other current liabilities on the Consolidated Balance Sheets.

The effective interest rates for the Notes include the interest on the Notes and amortization of the discount and debt issuance costs.

As of September 30, 2025, the fair value of the Notes, based on Level 2 inputs, was $3,841.6 million. For a description of the fair value hierarchy and the Company's fair value methodologies, including the use of an independent third-party pricing service, see Note 1 “Summary of Significant Accounting Policies” in the Company's Annual Report on Form 10-K for fiscal 2025.