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Statements Of Consolidated Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
REVENUES:    
Revenues, other than interest on funds held for clients and PEO revenues $ 2,037.4 $ 1,928.7
Interest on funds held for clients 89.2 87.8
PEO revenues (A) [1] 790.3 697.5
TOTAL REVENUES 2,916.9 2,714.0
EXPENSES:    
Operating expenses 1,531.5 1,439.8
Systems development and programming costs 154.9 156.1
Depreciation and amortization 57.2 50.6
TOTAL COSTS OF REVENUES 1,743.6 1,646.5
Selling, general, and administrative expenses 647.7 605.3
Interest expense 19.9 4.9
TOTAL EXPENSES 2,411.2 2,256.7
Other income, net (23.0) (47.7)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 528.7 505.0
Provision for income taxes 160.0 167.5
NET EARNINGS FROM CONTINUING OPERATIONS 368.7 337.5
LOSS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES 0.0 (1.4)
Benefit for income taxes 0.0 (0.5)
NET LOSS FROM DISCONTINUED OPERATIONS 0.0 (0.9)
NET EARNINGS $ 368.7 $ 336.6
Basic Earnings Per Share from Continuing Operations (in US$ per share) $ 0.82 $ 0.73
Basic Loss Per Share from Discontinued Operations (in US$ per share) 0.00 0.00
BASIC EARNINGS PER SHARE (in US$ per share) 0.82 0.73
Diluted Earnings Per Share from Continuing Operations (in US$ per share) 0.81 0.72
Diluted Loss Per Share from Discontinued Operations (in US$ per share) 0.00 0.00
DILUTED EARNINGS PER SHARE (in US$ per share) $ 0.81 $ 0.72
Basic weighted average shares outstanding (shares) 452.3 462.4
Diluted weighted average shares outstanding (shares) 455.3 465.7
Dividends declared per common share (in US$ per share) $ 0.530 $ 0.490
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $7,687.6 million and $6,865.3 million for the three months ended September 30, 2016 and 2015, respectively.