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Statements Of Consolidated Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
REVENUES:    
Revenues, other than interest on funds held for clients and PEO revenues $ 1,892.0 $ 1,770.9
Interest on funds held for clients 90.3 89.2
PEO revenues 591.5 [1] 501.9 [1]
TOTAL REVENUES 2,573.8 2,362.0
EXPENSES:    
Operating expenses 1,363.3 1,259.5
Systems development and programming costs 146.7 132.5
Depreciation and amortization 51.9 48.8
TOTAL COSTS OF REVENUES 1,561.9 1,440.8
Selling, general and administrative expenses 578.0 537.7
Interest expense 1.9 1.9
TOTAL EXPENSES 2,141.8 1,980.4
Other income, net (20.5) (22.0)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 452.5 403.6
Provision for income taxes 154.5 138.7
NET EARNINGS FROM CONTINUING OPERATIONS 298.0 264.9
EARNINGS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES 65.6 93.7
Provision for Income Taxes 68.4 30.0
NET (LOSS)/EARNINGS FROM DISCONTINUED OPERATIONS (2.8) 63.7
NET EARNINGS $ 295.2 $ 328.6
Basic Earnings Per Share from Continuing Operations $ 0.62 $ 0.55
Basic Earnings Per Share from Discontinued Operations $ (0.01) $ 0.13
BASIC EARNINGS PER SHARE $ 0.62 $ 0.68
Diluted Earnings Per Share from Continuing Operations $ 0.62 $ 0.55
Diluted Earnings Per Share from Discontinued Operations $ (0.01) $ 0.13
DILUTED EARNINGS PER SHARE $ 0.61 $ 0.68
Basic weighted average shares outstanding 478.4 480.1
Diluted weighted average shares outstanding 481.7 484.3
Dividends declared per common share $ 0.480 $ 0.435
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $5,736.2 million and $4,947.2 million for the three months ended September 30, 2014 and 2013, respectively.