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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Jun. 30, 2014
Assets    
Cash and cash equivalents $ 1,639.3 [1] $ 1,584.0
Short-term marketable securities 26.6 [1] 2,032.2
Accounts receivable, net 1,546.9 1,498.8
Other current assets 731.1 689.8
Assets of discontinued operations 0.0 2,430.2
Total current assets before funds held for clients 3,943.9 8,235.0
Funds held for clients 24,865.3 19,258.0
Total current assets 28,809.2 27,493.0
Long-term marketable securities 28.9 54.1 [1]
Long-term receivables, net 32.2 155.4
Property, Plant and Equipment, Net 672.7 667.1
Other assets 1,270.8 1,315.7
Goodwill [2] 1,793.5 1,883.5
Intangible assets, net 503.2 491.0
Total assets 33,110.5 32,059.8
Liabilities    
Accounts payable 194.5 152.1
Accrued expenses and other current liabilities 1,159.2 1,186.8
Accrued payroll and payroll-related expenses 627.3 607.1
Dividends payable 226.4 226.9
Short-term deferred revenues 228.6 237.1
Obligations under commercial paper borrowing 0.0 [1] 2,173.0
Income taxes payable 27.2 19.7
Liabilities of discontinued operations 0.0 601.5
Total current liabilities before client funds obligations 2,463.2 5,204.2
Client funds obligations 24,650.5 18,963.4
Total current liabilities 27,113.7 24,167.6
Long-term debt 9.2 11.5
Other liabilities 644.3 619.4
Deferred income taxes 172.1 215.9
Long-term deferred revenues 362.7 375.2
Total liabilities 28,302.0 25,389.6
Stockholders' equity:    
Preferred stock, $1.00 par value: Authorized, 0.3 shares; issued, none 0.0 0.0
Common stock, $0.10 par value: Authorized, 1,000.0 shares; issued 638.7 shares at June 30, 2014 and June 30, 2013; outstanding, 480.2 and 482.6 shares at June 30, 2014 and 2013, respectively 63.9 63.9
Capital in excess of par value 663.3 545.2
Retained earnings 13,460.3 13,632.9
Treasury stock - at cost: 158.5 and 156.1 shares at June 30, 2014 and June 30, 2013, respectively (9,118.4) (7,750.0)
Accumulated other comprehensive income (260.6) 178.2
Total stockholders' equity 4,808.5 6,670.2
Total liabilities and stockholders' equity $ 33,110.5 $ 32,059.8
[1] (A) As of June 30, 2014, $2,015.8 million of short-term marketable securities and $183.8 million of cash and cash equivalents are related to the Company's outstanding commercial paper borrowings (see Note 8).
[2] The goodwill balance at June 30, 2015, 2014, and 2013 is net of accumulated impairment losses of $42.7 million related to the Employer Services segment.