v3.24.2.u1
Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Classification:    
Long-term deferred tax assets (included in Other non-current assets) $ 23.8 $ 14.5
Long-term deferred tax liabilities (277.3) (391.3)
Net deferred tax liabilities (253.5) (376.8)
Deferred tax assets:    
Accrued expenses not currently deductible 21.4 8.2
Compensation and benefits not currently deductible 86.5 75.8
Net operating losses 23.1 26.3
Tax credits 6.0 11.5
Research and development expenses 162.1 90.6
Deferred revenue 85.6 29.7
Other 4.3 24.1
Total deferred tax assets 388.9 266.2
Less: Valuation allowances (10.8) (10.3)
Deferred tax assets, net 378.1 255.9
Deferred tax liabilities:    
Goodwill and identifiable intangibles 186.4 215.9
Depreciation 11.9 14.5
Deferred expenses 390.6 359.1
Unremitted earnings 10.4 11.5
Cross Currency Swap and Treasury-Locks 13.1 14.4
Other 19.1 17.3
Deferred tax liabilities 631.6 632.6
Net deferred tax liabilities $ (253.5) $ (376.8)