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Statements Of Consolidated Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
REVENUES:        
Revenues, other than interest on funds held for clients and PEO revenues $ 2,440.1 $ 2,266.8 $ 6,705.4 $ 6,299.6
Interest on funds held for clients 112.0 133.3 320.4 373.0
PEO revenues 562.2 [1] 510.8 [1] 1,473.8 [1] 1,319.8 [1]
TOTAL REVENUES 3,114.3 2,910.9 8,499.6 7,992.4
EXPENSES:        
Operating expenses 1,518.2 1,410.1 4,287.3 4,004.0
Systems development and programming costs 164.1 143.6 480.3 438.8
Depreciation and amortization 63.6 64.5 189.2 189.5
TOTAL COSTS OF REVENUES 1,745.9 1,618.2 4,956.8 4,632.3
Selling, general and administrative expenses 654.4 619.9 1,890.5 1,781.7
Interest expense 1.2 1.2 7.3 5.4
TOTAL EXPENSES 2,401.5 2,239.3 6,854.6 6,419.4
Other income, net (12.0) (10.5) (74.2) (141.0)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 724.8 682.1 1,719.2 1,714.0
Provision for income taxes 242.1 231.9 582.1 590.6
NET EARNINGS FROM CONTINUING OPERATIONS 482.7 450.2 1,137.1 1,123.4
EARNINGS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES 0 3.5 66.8 10.6
Provision for Income Taxes 0 1.3 25.1 3.9
NET EARNINGS FROM DISCONTINUED OPERATIONS 0 2.2 41.7 6.7
NET EARNINGS $ 482.7 $ 452.4 $ 1,178.8 $ 1,130.1
Basic Earnings Per Share from Continuing Operations $ 1.00 $ 0.92 $ 2.36 $ 2.30
Basic Earnings Per Share from Discontinued Operations $ 0.00 $ 0.00 $ 0.09 $ 0.01
BASIC EARNINGS PER SHARE $ 1.00 $ 0.93 $ 2.44 $ 2.32
Diluted Earnings Per Share from Continuing Operations $ 0.99 $ 0.91 $ 2.33 $ 2.28
Diluted Earnings Per Share from Discontinued Operations $ 0.00 $ 0.00 $ 0.09 $ 0.01
DILUTED EARNINGS PER SHARE $ 0.99 $ 0.92 $ 2.42 $ 2.29
Basic weighted average shares outstanding 482.7 488.5 482.8 487.7
Diluted weighted average shares outstanding 486.5 493.2 487.1 492.7
Dividends declared per common share $ 0.435 $ 0.395 $ 1.265 $ 1.150
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $5,317.8 and $4,586.0 for the three months ended March 31, 2013 and 2012, respectively, and $15,254.5 and $13,331.7 for the nine months ended March 31, 2013 and 2012, respectively.