XML 36 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events
3 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

With the exception of the item discussed below and the new obligation discussed in Note 14, there are no further subsequent events for disclosure.

In November 2016, the Company signed an agreement to sell its Consumer Health Spending Account ("CHSA") and Consolidated Omnibus Reconciliation Act ("COBRA") businesses for $235 million.  The results of operations of these businesses are currently included within the Employer Services segment.  The Company expects the sale to be completed during the second quarter of fiscal 2017, subject to normal and customary closing conditions.  The transaction is expected to create a fiscal 2017 pre-tax gain of approximately $200 million.