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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 1,745.0 $ 2,575.2
Accounts receivable, net of allowance for doubtful accounts of $78.2 and $79.6, respectively 2,736.0 2,727.4
Other current assets 735.9 533.4
Total current assets before funds held for clients 5,216.9 5,836.0
Funds held for clients 45,890.4 34,905.8
Total current assets 51,107.3 40,741.8
Long-term receivables, net of allowance for doubtful accounts of $0.2 and $0.3, respectively 9.4 11.5
Property, plant and equipment, net 644.5 684.5
Operating lease right-of-use asset 472.1 462.2
Deferred contract costs 2,448.1 2,498.2
Other assets 868.0 825.8
Goodwill 2,330.7 2,338.4
Intangible assets, net 1,222.5 1,210.1
Total assets 59,102.6 48,772.5
Current liabilities:    
Accounts payable 103.5 141.1
Accrued expenses and other current liabilities 1,937.0 1,963.3
Accrued payroll and payroll-related expenses 590.1 910.2
Dividends payable 433.6 390.8
Short-term deferred revenues 189.4 203.9
Obligations under reverse repurchase agreements [1] 0.0 23.5
Income taxes payable 63.8 58.2
Total current liabilities before client funds obligations 3,317.4 3,691.0
Client funds obligations 45,766.6 34,403.8
Total current liabilities 49,084.0 38,094.8
Long-term debt 2,986.1 2,985.0
Operating lease liabilities 363.5 343.2
Other liabilities 843.6 834.1
Deferred income taxes 434.3 482.9
Long-term deferred revenues 341.5 362.4
Total liabilities 54,053.0 43,102.4
Commitments and contingencies (Note 13)
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 December 31, 2021 and June 30, 2021; outstanding, 420.4 and 423.7 shares at December 31, 2021 and June 30, 2021, respectively 63.9 63.9
Capital in excess of par value 1,664.7 1,531.3
Retained earnings 20,011.8 19,451.1
Treasury stock - at cost: 218.3 and 215.0 shares at December 31, 2021 and June 30, 2021, respectively (16,362.4) (15,386.8)
Accumulated other comprehensive (loss) income (328.4) 10.6
Total stockholders’ equity 5,049.6 5,670.1
Total liabilities and stockholders’ equity $ 59,102.6 $ 48,772.5
[1] As of June 30, 2021, $23.5 million of long-term marketable securities have been pledged as collateral under the Company's reverse repurchase agreements (see Note 9).