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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Jun. 30, 2021
Current assets:    
Cash and cash equivalents $ 1,436.3 $ 2,575.2
Accounts receivable, net of allowance for doubtful accounts of $56.8 and $79.6, respectively 3,170.6 2,727.4
Other current assets 628.8 533.4
Total current assets before funds held for clients 5,235.7 5,836.0
Funds held for clients 49,569.2 34,905.8
Total current assets 54,804.9 40,741.8
Long-term receivables, net of allowance for doubtful accounts of $0.1 and $0.3, respectively 9.1 11.5
Property, plant and equipment, net 652.6 684.5
Operating lease right-of-use asset 450.9 462.2
Deferred contract costs 2,579.7 2,498.2
Other assets 937.4 825.8
Goodwill 2,300.5 2,338.4
Intangible assets, net 1,333.1 1,210.1
Total assets 63,068.2 48,772.5
Current liabilities:    
Accounts payable 110.2 141.1
Accrued expenses and other current liabilities 2,107.8 1,963.3
Accrued payroll and payroll-related expenses 862.6 910.2
Dividends payable 429.6 390.8
Short-term deferred revenues 188.2 203.9
Obligations under reverse repurchase agreements (A) [1] 136.4 23.5
Income taxes payable 38.4 58.2
Total current liabilities before client funds obligations 3,873.2 3,691.0
Client funds obligations 51,285.5 34,403.8
Total current liabilities 55,158.7 38,094.8
Long-term debt 2,987.1 2,985.0
Operating lease liabilities 370.9 343.2
Other liabilities 924.2 834.1
Deferred income taxes 67.0 482.9
Long-term deferred revenues 335.0 362.4
Total liabilities 59,842.9 43,102.4
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 June 30, 2022 and June 30, 2021; outstanding, 416.1 and 423.7 shares at June 30, 2022 and June 30, 2021, respectively 63.9 63.9
Capital in excess of par value 1,794.2 1,531.3
Retained earnings 20,696.3 19,451.1
Treasury stock - at cost: 222.7 and 215.0 shares at June 30, 2022 and June 30, 2021, respectively (17,335.4) (15,386.8)
Accumulated other comprehensive (loss)/income (1,993.7) 10.6
Total stockholders’ equity 3,225.3 5,670.1
Total liabilities and stockholders’ equity $ 63,068.2 $ 48,772.5
[1] (A) As of June 30, 2022, $14.3 million of short-term marketable securities and $122.1 million of long-term marketable securities have been pledged as collateral under the Company's reverse repurchase agreements. 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 8).