Payables and accrued expenses consisted of the following:


	September 30, 2024		June 30, 2024
	(in millions)
Accounts payable	$	168.0	$	314.0
Employee compensation and benefits	159.5		354.4
Accrued dividend payable	102.9		93.4
Accrued broker fees	78.4		126.3
Customer deposits	60.8		52.7
Business process outsourcing administration fees	57.5		59.9
Operating lease liabilities	39.5		38.0
Accrued taxes	35.7		112.5
Other	69.0		43.3
Total	$	771.4	$	1,194.4

The total Employee compensation and benefits liability within the table above of $159.5 million and $354.4 million for September 30, 2024 and June 30, 2024, respectively, includes a restructuring liability of $13.4 million and $38.9 million as of September 30, 2024 and June 30, 2024, respectively.

During the fourth quarter of fiscal year 2024, Broadridge completed a corporate restructuring initiative to exit and realign some of its businesses, streamline the Company’s management structure, reallocate work to lower cost locations, and reduce headcount in deprioritized areas (the “Corporate Restructuring Initiative”), which was initiated in the fourth quarter of fiscal year 2023. For fiscal year 2024, this restructuring resulted in total severance costs of $45.2 million recorded in Operating expenses. These costs were not reflected in segment profit and are recorded within the Other segment.