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Corporate Investments And Funds Held For Clients (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2020
Jun. 30, 2020
Corporate Investments And Funds Held For Clients [Abstract]    
Available-for-sale Securities  
Corporate investments and funds held for clients at June 30, 2020 and 2019 were as follows:
 
 June 30, 2020
Amortized
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
 Fair Value (A)
Type of issue:   
Money market securities, cash and other cash equivalents$7,053.6  $—  $—  $7,053.6  
Available-for-sale securities:    
Corporate bonds9,188.7  473.4  —  9,662.1  
Asset-backed securities3,274.6  96.0  (0.5) 3,370.1  
U.S. Treasury securities
3,580.6  120.8  —  3,701.4  
U.S. government agency securities1,128.2  35.6  —  1,163.8  
Canadian government obligations and
Canadian government agency obligations
1,018.7  23.1  —  1,041.8  
Commercial Mortgage-Backed Securities814.3  53.9  —  868.2  
Canadian provincial bonds676.6  33.6  —  710.2  
Other securities1,018.1  41.1  (0.2) 1,059.0  
Total available-for-sale securities20,699.8  877.5  (0.7) 21,576.6  
Total corporate investments and funds held for clients$27,753.4  $877.5  $(0.7) $28,630.2  

(A) Included within available-for-sale securities are corporate investments with fair values of $13.6 million and funds held for clients with fair values of $21,563.0 million. All available-for-sale securities are included in Level 2 of the fair value hierarchy.
 June 30, 2019
Amortized 
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value (B)
Type of issue:    
Money market securities, cash and other cash equivalents$6,796.2  $—  $—  $6,796.2  
Available-for-sale securities:    
Corporate bonds10,691.8  182.8  (6.7) 10,867.9  
Asset-backed securities4,658.3  37.8  (5.4) 4,690.7  
U.S. Treasury securities
2,933.0  23.8  (8.0) 2,948.8  
U.S. government agency securities2,612.0  17.7  (5.8) 2,623.9  
Canadian government obligations and
Canadian government agency obligations
1,164.1  7.0  (6.0) 1,165.1  
Canadian provincial bonds800.2  14.5  (0.5) 814.2  
Municipal bonds596.1  16.4  (0.1) 612.4  
Other securities1,116.1  20.6  (0.6) 1,136.1  
Total available-for-sale securities24,571.6  320.6  (33.1) 24,859.1  
Total corporate investments and funds held for clients$31,367.8  $320.6  $(33.1) $31,655.3  
(B) Included within available-for-sale securities are corporate investments with fair values of $271.9 million and funds held for clients with fair values of $24,587.2 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy.
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value  
The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2020, are as follows: 
June 30, 2020
Securities in unrealized loss position less than
12 months
Securities in unrealized loss position greater than 12 monthsTotal
Gross Unrealized
Losses
Fair Market
Value
Gross Unrealized
Losses
Fair Market
Value
Gross
Unrealized
Losses
Fair
Market Value
Corporate bonds$—  $—  $—  $—  $—  $—  
Asset-backed securities(0.5) 43.9  —  —  (0.5) 43.9  
U.S. Treasury securities
—  2.0  —  —  —  2.0  
U.S. government agency securities
—  —  —  —  —  —  
Canadian government obligations and
Canadian government agency obligations
—  —  —  —  —  —  
Commercial Mortgage-Backed Securities—  —  —  1.5  —  1.5  
Canadian provincial bonds—  —  —  —  —  —  
Other securities(0.2) 17.1  —  —  (0.2) 17.1  
 $(0.7) $63.0  $—  $1.5  $(0.7) $64.5  

The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2019 are as follows: 
June 30, 2019
Securities in unrealized loss position less than
12 months
Securities in unrealized loss position greater than 12 monthsTotal
Gross Unrealized
Losses
Fair Market
Value
Gross Unrealized
Losses
Fair Market
Value
Gross
Unrealized
Losses
Fair
Market Value
Corporate bonds$(0.6) $151.9  $(6.1) $2,055.6  $(6.7) $2,207.5  
Asset-backed securities(0.2) 171.9  (5.2) 2,083.5  (5.4) 2,255.4  
U.S. Treasury securities
—  1.8  (8.0) 1,159.4  (8.0) 1,161.2  
U.S. government agency securities
—  —  (5.8) 1,671.4  (5.8) 1,671.4  
Canadian government obligations and
Canadian government agency obligations
(6.0) 662.7  —  1.1  (6.0) 663.8  
Canadian provincial bonds(0.3) 81.5  (0.2) 50.1  (0.5) 131.6  
Municipal bonds—  1.5  (0.1) 23.3  (0.1) 24.8  
Other securities(0.1) 36.4  (0.5) 148.1  (0.6) 184.5  
 $(7.2) $1,107.7  $(25.9) $7,192.5  $(33.1) $8,300.2  
Classification Of Corporate Investments On The Consolidated Balance Sheets
Classification of corporate investments on the Consolidated Balance Sheets is as follows:
June 30,20202019
Corporate investments:  
Cash and cash equivalents$1,908.5  $1,949.2  
Short-term marketable securities—  10.5  
Long-term marketable securities (a)13.6  261.4  
Total corporate investments$1,922.1  $2,221.1  
 
(a) - Long-term marketable securities are included within Other assets on the Consolidated Balance Sheets.
 
Schedule Of Investment Of Funds Held For Clients
Funds held for clients have been invested in the following categories:
June 30,20202019
Funds held for clients:  
Restricted cash and cash equivalents held to satisfy client funds obligations$5,145.1  $4,847.0  
Restricted short-term marketable securities held to satisfy client funds obligations5,541.2  5,013.9  
Restricted long-term marketable securities held to satisfy client funds obligations16,021.8  19,573.3  
Total funds held for clients$26,708.1  $29,434.2  
 
Expected Maturities Of Available-For-Sale Securities
Expected maturities of available-for-sale securities at June 30, 2020 are as follows:
One year or less$5,541.2  
One year to two years3,962.2  
Two years to three years4,761.5  
Three years to four years3,005.6  
After four years4,306.1  
Total available-for-sale securities$21,576.6