v3.24.2.u1
Fair Value of Financial Instruments (Tables)
 12 Months Ended
Jun. 30, 2024
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 June 30, 2024 and 2023, respectively, that are recorded at fair value, segregated by level within the fair value hierarchy:
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 
Level 1Level 2Level 3Total
 (in millions)
Assets:
Other current assets:
Securities$0.7 $— $— $0.7 
Other non-current assets:
Securities (a)141.3 — — 141.3 
       Derivative asset— 66.7 — 66.7 
Total assets as of June 30, 2023$142.0 $66.7 $— $208.7 
Liabilities:
Contingent consideration obligations$— $— $12.0 $12.0 
Total liabilities as of June 30, 2023$— $— $12.0 $12.0 
_________
(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 fiscal years 2024 and 2023 in Level 3 financial liabilities of the Company:
June 30,
20242023
 (in millions)
Beginning balance$12.0 $12.9 
Additional contingent consideration incurred14.0 — 
Net decrease in contingent consideration liability(6.7)(0.5)
Foreign currency impact on contingent consideration liability(0.1)(0.4)
Payments(5.2)— 
Ending balance$14.0 $12.0