Leases (Tables)

12 Months Ended

Jun. 30, 2026

Total operating lease expense, net, for the fiscal years ended June 30, 2026, 2025, and 2024 was as follows:


Total Operating Lease Expense, Net	Fiscal Year Ended June 30,
	2026		2025		2024
	(in millions)
Operating lease expense	$	73.4	$	81.5	$	98.5
Variable lease expense	20.7		24.7		23.8
Short-term lease expense	1.5		0.1		0.3
Total operating lease expense	$	95.7	$	106.3	$	122.6
Sublease income	(23.6)		(18.4)		(17.8)
Variable sublease income	(5.0)		(5.0)		(4.0)
Total operating lease expense, net	$	67.0	$	82.9	$	100.8

Supplemental cash flow and other information related to leases was as follows:


	Fiscal Year Ended June 30,
	2026		2025		2024
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	101.0	$	111.5	$	121.7
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)	$	17.5	$	3.0	$	24.9
Right-of-use asset reductions related to operating lease modifications and terminations (non-cash)	$	(5.7)	$	(14.4)	$	(23.0)

As of June 30, 2026, the total remaining lease payments included in the measurement of operating lease liabilities were as follows:

^[1]

As of June 30, 2026, future minimum lease payments to be received from operating subleases were as follows:

Supplemental information related to operating leases was as follows:


Reconciliation of Operating Lease Liabilities	As of June 30,
	2026			2025
	(dollars in millions)
Weighted-average remaining lease term (years)	8.4			8.8
Weighted-average discount rate	5.69		%	5.57		%
Total Undiscounted Operating Lease Liability	$	524.6		$	615.7
Less: Imputed interest	(114.4)			(138.0)
Total Discounted Operating Lease Liability	$	410.2		$	477.6
Current portion of operating lease liabilities	$	62.5		$	70.1
Non-current portion of operating lease liabilities	$	347.7		$	407.5

[1]

As of June 30, 2026, the total remaining lease payments included in the measurement of operating lease liabilities were as follows: