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Income Taxes Income Taxes (Tables)
12 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Income Tax From Continuing Operations Provision For Income Tax Components Disclosure
Years ended June 30,
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes:
 
 
 
 
 
 
United States
 
$
2,028.5

 
$
1,895.3

 
$
1,635.6

Foreign
 
206.2

 
175.4

 
243.6

 
 
$
2,234.7

 
$
2,070.7

 
$
1,879.2

Schedule Of Components Of Provision (Benefit) For Income Taxes
Years ended June 30,
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
Current:
 
 
 
 
 
 
Federal
 
$
579.0

 
$
576.3

 
$
552.1

Foreign
 
85.0

 
93.1

 
71.3

State
 
76.6

 
40.1

 
51.1

Total current
 
740.6

 
709.5

 
674.5

 
 
 
 
 
 
 
Deferred:
 
 
 
 
 
 
Federal
 
17.7

 
(1.3
)
 
(32.7
)
Foreign
 
(15.7
)
 
(17.0
)
 
(10.3
)
State
 
(1.3
)
 
3.0

 
5.1

Total deferred
 
0.7

 
(15.3
)
 
(37.9
)
Total provision for income taxes
 
$
741.3

 
$
694.2

 
$
636.6

Reconciliation Between Federal Statutory Tax And Effective Tax Rate
Years ended June 30,
 
2016
 
%
 
2015
 
%
 
2014
 
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for taxes at U.S. statutory rate
 
$
782.1

 
35.0

 
$
724.8

 
35.0

 
$
657.7

 
35.0

 
 
 
 
 
 
 
 
 
 
 
 
 
Increase (decrease) in provision from:
 
 
 
 
 
 
 
 
 
 
 
 
State taxes, net of federal tax benefit
 
47.2

 
2.1

 
34.8

 
1.7

 
33.4

 
1.8

U.S. tax on foreign income
 
122.6

 
5.5

 
155.3

 
7.5

 
26.6

 
1.4

Utilization of foreign tax credits
 
(155.4
)
 
(7.0
)
 
(177.1
)
 
(8.6
)
 
(26.2
)
 
(1.4
)
Section 199 - Qualified production activities
 
(31.9
)
 
(1.4
)
 
(28.9
)
 
(1.4
)
 
(23.0
)
 
(1.2
)
Other
 
(23.3
)
 
(1.0
)
 
(14.7
)
 
(0.7
)
 
(31.9
)
 
(1.7
)
 
 
$
741.3

 
33.2

 
$
694.2

 
33.5

 
$
636.6

 
33.9

Components Of Deferred Tax Assets And Liabilities
Years ended June 30,
 
2016
 
2015
 
 
 
 
 
Deferred tax assets:
 
 
 
 
Accrued expenses not currently deductible
 
$
262.8

 
$
240.6

Stock-based compensation expense
 
74.6

 
72.3

Net operating losses
 
46.0

 
47.5

Other
 
70.8

 
23.5

 
 
454.2

 
383.9

Less: valuation allowances
 
(15.4
)
 
(23.7
)
Deferred tax assets, net
 
$
438.8

 
$
360.2

 
 
 
 
 
Deferred tax liabilities:
 
 
 
 
Prepaid retirement benefits
 
$
77.2

 
$
147.9

Deferred revenue
 
43.2

 
36.6

Fixed and intangible assets
 
171.4

 
122.5

Prepaid expenses
 
118.0

 
108.5

Unrealized investment gains, net
 
176.2

 
71.9

Tax on unrepatriated earnings
 
—

 
5.1

Other
 
3.6

 
1.9

Deferred tax liabilities
 
$
589.6

 
$
494.4

Net deferred tax liabilities
 
$
150.8

 
$
134.2

Summary of Income Tax Contingencies
 
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
Unrecognized tax benefits at beginning of the year
 
$
27.1

 
$
56.5

 
$
67.0

Additions for tax positions
 
3.8

 
2.4

 
3.6

Additions for tax positions of prior periods
 
3.5

 
3.1

 
6.8

Reductions for tax positions of prior periods
 
(0.1
)
 
(6.5
)
 
(3.7
)
Settlement with tax authorities
 
(1.7
)
 
(12.2
)
 
(4.4
)
Expiration of the statute of limitations
 
(4.9
)
 
(14.0
)
 
(13.7
)
Impact of foreign exchange rate fluctuations
 
(0.3
)
 
(2.2
)
 
0.9

Unrecognized tax benefit at end of year
 
$
27.4

 
$
27.1

 
$
56.5

Summary of Income Tax Examinations
Taxing Jurisdiction
 
Fiscal Years under Examination
U.S. (IRS)
 
2015-2016
Arizona
 
2010-2013
California
 
2012-2014
Illinois
 
2007-2014
New York
 
2010-2014
New Jersey
 
2011-2014
Canada
 
2012-2014
India
 
2004-2011, 2013-2015