v3.25.1
Fair Value of Financial Instruments (Tables)
 9 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables set forth the Company’s financial assets and liabilities at March 31, 2025 and June 30, 2024, respectively, that are recorded at fair value, segregated by level within the fair value hierarchy:
March 31, 2025
Level 1Level 2Level 3Total
(in millions)
Assets:
Other current assets:
       Securities$0.7 $— $— $0.7 
Other non-current assets:
       Securities (a)178.7 — — 178.7 
Derivative asset— 52.1 — 52.1 
Total assets as of March 31, 2025
$179.4 $52.1 $— $231.4 
Liabilities:
       Contingent consideration obligations— — 14.0 14.0 
Total liabilities as of March 31, 2025
$— $— $14.0 $14.0 
June 30, 2024
Level 1Level 2Level 3Total
(in millions)
Assets:
Other current assets:
       Securities $0.8 $— $— $0.8 
Other non-current assets:
       Securities (a)170.6 — — 170.6 
       Derivative asset— 59.9 — 59.9 
Total assets as of June 30, 2024
$171.4 $59.9 $— $231.3 
Liabilities:
       Contingent consideration obligations— — 14.0 14.0 
Total liabilities as of June 30, 2024
$— $— $14.0 $14.0 
_________
(a) Includes investments related to the Company’s Defined Benefit Pension Plans and Executive Retirement and Savings Plan (the “ERSP”).
Schedule of Changes in Level 3 Financial Liabilities
The following table sets forth an analysis of changes during the three and nine months ended March 31, 2025 and 2024, respectively, in Level 3 financial liabilities of the Company:
Three Months Ended March 31,Nine Months Ended March 31,
2025202420252024
 (in millions)
Beginning balance$14.0 $7.6 $14.0 $12.0 
Net increase in contingent consideration liability— — — 0.8 
Foreign currency impact on contingent consideration liability— 0.1 — — 
Payments— — — (5.2)
Ending balance$14.0 $7.7 $14.0 $7.7