v3.24.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities    
Net earnings $ 161.2 $ 108.0
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 59.1 42.5
Amortization of acquired intangibles and purchased intellectual property 100.7 109.5
Amortization of other assets 77.7 64.1
Write-down of long-lived asset and related charges 7.6 0.5
Stock-based compensation expense 36.9 36.5
Deferred income taxes (39.2) (35.3)
Other (23.9) (3.7)
Current assets and liabilities:    
Accounts receivable, net 106.6 110.9
Other current assets (23.6) 13.2
Payables and accrued expenses (261.2) (307.4)
Contract liabilities (5.0) 2.0
Non-current assets and liabilities:    
Other non-current assets (96.7) (291.8)
Other non-current liabilities 27.5 69.4
Net cash flows from operating activities 127.8 (81.4)
Cash Flows From Investing Activities    
Capital expenditures (16.8) (15.9)
Software purchases and capitalized internal use software (19.6) (17.2)
Other investing activities 0.0 (2.0)
Net cash flows from investing activities (36.4) (35.1)
Cash Flows From Financing Activities    
Debt proceeds 622.7 580.0
Debt repayments (382.7) (270.0)
Dividends paid (179.7) (160.3)
Purchases of Treasury stock (161.5) (2.5)
Proceeds from exercise of stock options 44.8 32.2
Other financing activities (9.8) (2.5)
Net cash flows from financing activities (66.2) 176.9
Effect of exchange rate changes on Cash and cash equivalents (0.4) (5.0)
Net change in Cash and cash equivalents 24.7 55.3
Cash and cash equivalents, beginning of period 252.3 224.7
Cash and cash equivalents, end of period 277.0 280.0
Supplemental disclosure of cash flow information:    
Cash payments made for interest 70.0 59.7
Cash payments made for income taxes, net of refunds 142.4 47.6
Non-cash investing and financing activities:    
Accrual of unpaid property, plant and equipment and software 3.2 1.5
Accrual for unpaid stock repurchase excise tax $ 0.6 $ 0.0