XML 38 R5.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 1,634.2 $ 2,575.2
Accounts receivable, net of allowance for doubtful accounts of $58.3 and $79.6, respectively 3,250.7 2,727.4
Other current assets 699.3 533.4
Total current assets before funds held for clients 5,584.2 5,836.0
Funds held for clients 58,319.6 34,905.8
Total current assets 63,903.8 40,741.8
Long-term receivables, net of allowance for doubtful accounts of $0.2 and $0.3, respectively 10.2 11.5
Property, plant and equipment, net 650.5 684.5
Operating lease right-of-use asset 445.5 462.2
Deferred contract costs 2,496.7 2,498.2
Other assets 910.0 825.8
Goodwill 2,324.1 2,338.4
Intangible assets, net 1,327.3 1,210.1
Total assets 72,068.1 48,772.5
Current liabilities:    
Accounts payable 81.7 141.1
Accrued expenses and other current liabilities 2,100.6 1,963.3
Accrued payroll and payroll-related expenses 765.6 910.2
Dividends payable 431.7 390.8
Short-term deferred revenues 197.5 203.9
Obligations under reverse repurchase agreements [1] 0.0 23.5
Income taxes payable 141.5 58.2
Total current liabilities before client funds obligations 3,718.6 3,691.0
Client funds obligations 59,387.9 34,403.8
Total current liabilities 63,106.5 38,094.8
Long-term debt 2,986.6 2,985.0
Operating lease liabilities 344.9 343.2
Other liabilities 954.2 834.1
Deferred income taxes 135.6 482.9
Long-term deferred revenues 347.4 362.4
Total liabilities 67,875.2 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 March 31, 2022 and June 30, 2021; outstanding, 418.2 and 423.7 shares at March 31, 2022 and June 30, 2021, respectively 63.9 63.9
Capital in excess of par value 1,736.8 1,531.3
Retained earnings 20,504.5 19,451.1
Treasury stock - at cost: 220.5 and 215.0 shares at March 31, 2022 and June 30, 2021, respectively (16,850.0) (15,386.8)
Accumulated other comprehensive (loss)/ income (1,262.3) 10.6
Total stockholders’ equity 4,192.9 5,670.1
Total liabilities and stockholders’ equity $ 72,068.1 $ 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).