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Statements of Consolidated Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]        
Direct Pass Through Costs P E O Revenues $ 10,632.3 $ 9,145.5 $ 19,370.8 $ 16,833.1
REVENUES:        
Revenues, other than interest on funds held for clients and PEO revenues 2,188.8 2,077.4 4,269.8 4,114.8
Interest on funds held for clients 106.7 91.8 206.1 181.0
PEO revenues (A) [1] 939.9 818.1 1,838.3 1,608.4
TOTAL REVENUES 3,235.4 2,987.3 6,314.2 5,904.2
Costs of revenues:        
Operating expenses 1,719.3 1,560.4 3,366.0 3,091.9
Systems development and programming costs 158.1 152.5 315.1 307.4
Depreciation and amortization 69.3 54.9 131.9 112.2
TOTAL COSTS OF REVENUES 1,946.7 1,767.8 3,813.0 3,511.5
Selling, general, and administrative expenses 717.2 640.8 1,379.6 1,288.6
Interest expense 27.5 20.5 55.5 40.4
TOTAL EXPENSES 2,691.4 2,429.1 5,248.1 4,840.5
Other income, net (21.7) (228.0) (47.8) (251.1)
EARNINGS BEFORE INCOME TAXES 565.7 786.2 1,113.9 1,314.8
Provision for income taxes 98.2 275.3 244.9 435.2
NET EARNINGS $ 467.5 $ 510.9 $ 869.0 $ 879.6
Basic earnings per share (in US$ per share) $ 1.06 $ 1.14 $ 1.97 $ 1.95
Diluted earnings per share (in US$ per share) $ 1.05 $ 1.13 $ 1.96 $ 1.94
Basic weighted average shares outstanding (shares) 441.3 447.9 441.8 450.1
Diluted weighted average shares outstanding (shares) 443.7 450.3 444.4 452.7
Dividends declared per common share (in US$ per share) $ 0.630 $ 0.570 $ 1.200 $ 1.100
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $10,632.3 million and $9,145.5 million for the three months ended December 31, 2017 and 2016, respectively, and $19,370.8 million and $16,833.1 million for the six months ended December 31, 2017 and 2016, respectively.