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LEASES
9 Months Ended
Mar. 31, 2026
Leases [Abstract]  
LEASES LEASES
The Company leases office facilities under non-cancelable operating leases with terms generally ranging between 4 and 25 years. The Company utilizes these leased office facilities for use by its employees in countries in which the Company conducts its business. Leases are negotiated with third parties and, in some instances contain renewal, expansion and termination options. The Company also subleases certain office facilities to third parties when the Company no longer intends to utilize the space. None of the Company’s leases restrict the payment of dividends or the incurrence of debt or additional lease obligations, or contain significant purchase options.
The following chart provides additional information about the Company’s operating leases:
Three Months Ended
March 31,
Nine Months Ended
March 31,
Lease Cost:2026202520262025
Operating lease cost$18.0 $17.7 $55.6 $55.9 
Short-term lease cost0.9 0.8 2.7 2.2 
Variable lease cost12.2 10.9 33.0 33.4 
Sublease income(2.3)(3.1)(7.8)(10.5)
Net lease cost$28.8 $26.3 $83.5 $81.0 
Other information:
Operating cash outflows from operating leases$(16.7)$(16.8)$(53.5)$(51.7)
Right-of-use assets obtained in exchange for lease obligations - net of lease terminations$(1.0)$33.6 $21.0 $52.7 
Weighted-average remaining lease term - real estate5.9 years6.4 years
Weighted-average discount rate - real estate leases4.27 %4.32 %
Future minimum lease payments for the Company’s operating leases are as follows:
Fiscal Year Ending June 30,
2026, remaining$20.6 
202768.8 
202854.4 
202944.7 
203029.9 
Thereafter72.0 
Total future lease payments$290.4 
Less: imputed interest(36.9)
Total present value of lease liabilities$253.5 
Current operating lease liabilities63.7 
Long-term operating lease liabilities189.8 
Total operating lease liabilities$253.5