v3.25.2
EQUITY AND SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Costs
Share-based compensation expense for the periods indicated below is detailed as follows: 
 Year Ended June 30,
 202520242023
Stock Options (issued under Stock Option Plans)$15,694 $18,167 $20,144 
Performance Share Units (issued under LTIP)21,121 26,415 18,631 
Restricted Share Units (issued under LTIP)15,418 10,677 9,762 
Restricted Share Units (other)42,706 75,642 72,149 
Deferred Share Units (directors)3,922 3,162 4,036 
Employee Stock Purchase Plan5,979 6,016 5,580 
Total share-based compensation expense$104,840 $140,079 $130,302 
Schedule of Unrecognized Compensation Cost
A summary of unrecognized compensation cost for unvested share-based compensation awards is as follows: 
 As of June 30, 2025
 Unrecognized Compensation CostWeighted Average Recognition Period (years)
Stock Options (issued under Stock Option Plans)$33,672 2.32
Performance Share Units (issued under LTIP)39,948 1.85
Restricted Share Units (issued under LTIP)13,221 1.33
Restricted Share Units (other)33,972 1.54
Total unrecognized share-based compensation cost$120,813 
Schedule of Share-based Compensation, Stock Options, Outstanding Under Various Plans
A summary of stock options outstanding under our 2004 Stock Option Plan is set forth below.
2004 Stock Option Plan
Date of inceptionOct-04
EligibilityEligible employees, as determined by the Board of Directors
Options granted to date50,635,497
Options exercised to date(23,076,178)
Options cancelled to date(15,252,765)
Options outstanding12,306,554
Options available for issuance4,780,548
Termination grace periods
Immediately “for cause”; 90 days for any other reason; 180 days due to death
Vesting schedule
25% per year, unless otherwise specified
Exercise price range
$25.85 - $52.62
Expiration dates
July 1, 2025 - May 2, 2032
Schedule of Option Activity
A summary of activity under our stock option plans for the year ended June 30, 2025 is as follows:
OptionsWeighted-
Average Exercise
Price		Weighted-
Average
Remaining
Contractual Term
(years)		Aggregate Intrinsic Value
($’000’s)
Outstanding at June 30, 2024
12,207,412 $38.51 4.31$6,142 
Granted2,620,150 28.21 
Exercised(139,077)26.81 
Forfeited or expired(2,381,931)37.04 
Outstanding at June 30, 2025
12,306,554 $36.73 3.93$5,942 
Exercisable at June 30, 2025
5,321,170 $40.67 2.66$1,139 
Schedule of Weighted-Average Fair Value of Options and Weighted-Average Assumptions Used
For the periods indicated, the weighted-average fair value of options and weighted-average assumptions estimated under the Black-Scholes option-pricing model were as follows:
 Year Ended June 30,
 202520242023
Weighted–average fair value of options granted$5.80 $9.00 $6.75 
Weighted-average assumptions used:
Expected volatility28.96 %30.46 %28.73 %
Risk–free interest rate3.81 %4.44 %3.98 %
Expected dividend yield3.60 %2.73 %3.07 %
Expected life (in years)4.324.264.20
Forfeiture rate (based on historical rates)7 %7 %7 %
Average exercise share price$26.81 $36.55 $31.13 
For the period in which performance stock options were granted, as indicated, the weighted-average fair value of performance stock options and weighted-average assumptions estimated under the Monte Carlo pricing model were as follows:
Year Ended June 30,
 202520242023
Weighted–average fair value of options granted$— $— $8.09 
Derived service period (in years)——1.70
Weighted-average assumptions used:
Expected volatility— %— %26.00 %
Risk–free interest rate— %— %3.21 %
Expected dividend yield— %— %2.00 %
Average exercise share price$— $— $31.89 
Schedule of Non Option Award Activity
A summary of activity under our PSUs issued under the LTIP for the year ended June 30, 2025 is as follows:
UnitsWeighted-Average
Grant Date Fair Value		Weighted-
Average
Remaining
Contractual Term
(years)		Aggregate Intrinsic Value
($’000’s)
Outstanding at June 30, 2024
1,605,116 $56.09 1.70$48,218 
Granted (1)
982,503 46.58 
Vested (1)
(257,611)75.14 
Forfeited or expired(357,067)51.43 
Outstanding at June 30, 2025
1,972,941 $49.87 1.52$51,956 
______________________
(1)PSUs are earned based on market or performance conditions and the actual number of PSUs earned, if any, is dependent upon performance and may range from 0 to 200 percent.
Schedule of Weighted Average Assumptions, Fair Value and Intrinsic Value
For the periods indicated, the weighted-average fair value of market-based PSUs issued under LTIP, and weighted-average assumptions estimated under the Monte Carlo pricing model were as follows:
 Year Ended June 30,
 202520242023
Weighted–average fair value of performance share units granted
$47.96
$21.17 - $59.48
$43.10 - $55.06
Weighted-average assumptions used:
Expected volatility30.26 %28.05 %29.00 %
Risk–free interest rate
3.67%
4.38% - 4.95%
3.13% - 3.39%
Expected dividend yield— %— %— %
Expected life (in years)3.113.003.11
Forfeiture rate (based on historical rates)7 %7 %7 %
Weighted–average fair value of performance share units vested$75.14 $— $41.75 
Aggregate intrinsic value of performance share units vested ($ in ‘000’s)$8,020 $— $6,216 
For the periods indicated, the weighted-average fair value and aggregate intrinsic value of RSUs (issued under LTIP) were as follows:
 Year Ended June 30,
 202520242023
Weighted–average fair value of restricted share units granted$28.43 $35.07 $38.82 
Weighted–average fair value of restricted share units vested$49.92 $43.40 $36.83 
Aggregate intrinsic value of restricted share units vested ($ in ‘000’s)
$5,111 $9,093 $3,947 
For the periods indicated, the weighted-average fair value and intrinsic value of RSUs (other) were as follows:
 Year Ended June 30,
 202520242023
Weighted–average fair value of restricted share units granted$27.37 $38.04 $30.46 
Weighted–average fair value of restricted share units vested$35.63 $40.94 $36.33 
Aggregate intrinsic value of restricted share units vested ($ in ‘000’s)
$69,891 $62,821 $15,755 
For the periods indicated, the weighted-average fair value and intrinsic value of DSUs were as follows:
 Year Ended June 30,
 202520242023
Weighted–average fair value of deferred share units granted$31.03 $38.43 $29.72 
Weighted–average fair value of deferred share units vested$34.21 $36.81 $32.44 
Aggregate intrinsic value of deferred share units vested ($ in ‘000’s)
$3,194 $1,461 $1,565 
Schedule of Restricted Stock Activity
A summary of activity under our RSUs issued under the LTIP for the year ended June 30, 2025 is as follows:
UnitsWeighted-Average
Grant Date Fair Value		Weighted-
Average
Remaining
Contractual Term
(years)		Aggregate Intrinsic Value
($’000’s)
Outstanding at June 30, 2024
956,325 $39.61 1.77$28,728 
Granted699,220 28.43 
Vested(170,370)49.92 
Forfeited or expired(213,160)33.70 
Outstanding at June 30, 2025
1,272,015 $33.11 1.70$37,143 
A summary of activity under our RSUs (other) issued for the year ended June 30, 2025 is as follows:
UnitsWeighted-Average
Grant Date Fair Value		Weighted-
Average
Remaining
Contractual Term
(years)		Aggregate Intrinsic Value
($’000’s)
Outstanding at June 30, 2024
4,555,955 $35.87 1.79$136,861 
Granted923,127 27.37 
Vested(2,459,944)35.63 
Forfeited or expired(379,255)36.06 
Outstanding at June 30, 2025
2,639,883 $33.11 2.00$77,084 
Schedule of Nonvested Share Activity
A summary of activity under our deferred share units issued for the year ended June 30, 2025 is as follows:
UnitsWeighted-Average
Price		Weighted-
Average
Remaining
Contractual Term
(years)		Aggregate Intrinsic Value
($’000’s)
Outstanding at June 30, 2024 (1)
1,082,471 $30.67 0.42$32,517 
Granted (2)
118,330 31.03 
Settled(296,831)29.69 
Outstanding at June 30, 2025 (2)
903,970 $31.04 0.34$26,415 
______________________
(1)    Includes 47,871 unvested DSUs.
(2)    Includes 62,177 unvested DSUs.