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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 2,363.6 $ 2,780.4
Accounts receivable, net of allowance for doubtful accounts of $54.0 and $49.6, respectively 1,788.7 1,703.6
Other current assets 1,164.1 883.2
Total current assets before funds held for clients 5,316.4 5,367.2
Funds held for clients 25,686.2 27,291.5
Total current assets 31,002.6 32,658.7
Long-term receivables, net of allowance for doubtful accounts of $0.8 and $0.8, respectively 27.3 28.0
Property, plant and equipment, net 800.4 779.9
Other assets 1,386.2 1,352.2
Goodwill 1,757.3 1,741.0
Intangible assets, net 687.3 620.2
Total assets 35,661.1 37,180.0
Current liabilities:    
Accounts payable 112.6 149.7
Accrued expenses and other current liabilities 1,440.4 1,381.9
Accrued payroll and payroll-related expenses 441.1 562.5
Dividends payable 249.0 250.5
Short-term deferred revenues 230.5 232.9
Obligations under reverse repurchase agreements [1] 129.4 0.0
Income taxes payable 87.0 49.0
Total current liabilities before client funds obligations 2,690.0 2,626.5
Client funds obligations 25,596.6 27,189.4
Total current liabilities 28,286.6 29,815.9
Long-term debt 2,002.1 2,002.4
Other liabilities 835.5 830.2
Deferred income taxes 196.0 163.1
Long-term deferred revenues 387.5 391.4
Total liabilities 31,707.7 33,203.0
Commitments and contingencies (Note 12)
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 September 30, 2017 and June 30, 2017 outstanding, 444.0 and 445.0 shares at September 30, 2017 and June 30, 2017, respectively 63.9 63.9
Capital in excess of par value 869.8 867.8
Retained earnings 14,872.4 14,728.2
Treasury stock - at cost: 194.7 and 193.7 shares at September 30, 2017 and June 30, 2017, respectively (11,508.1) (11,303.7)
Accumulated other comprehensive loss (344.6) (379.2)
Total stockholders’ equity 3,953.4 3,977.0
Total liabilities and stockholders’ equity 35,661.1 37,180.0
Short-term marketable securities under reverse repurchase agreements 110.0 0.0
Long-term marketable securities under reverse repurchase agreements 19.3 0.0
Cash and cash equivalents under reverse repurchase agreements $ 0.1 $ 0.0
[1] (A) As of September 30, 2017, $110.0 million of short-term marketable securities, $19.3 million of long-term marketable securities and $0.1 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements (see Note 8).