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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 1,207.7 $ 1,436.3
Accounts receivable, net of allowance for doubtful accounts of $52.5 and $56.8, respectively 2,939.2 3,170.6
Other current assets 884.0 628.8
Total current assets before funds held for clients 5,030.9 5,235.7
Funds held for clients 32,937.9 49,569.2
Total current assets 37,968.8 54,804.9
Long-term receivables, net of allowance for doubtful accounts of $0.1 and $0.1, respectively 8.2 9.1
Property, plant and equipment, net 645.1 652.6
Operating lease right-of-use asset 419.0 450.9
Deferred contract costs 2,546.5 2,579.7
Other assets 1,135.0 937.4
Goodwill 2,273.4 2,300.5
Intangible assets, net 1,368.7 1,333.1
Total assets 46,364.7 63,068.2
Current liabilities:    
Accounts payable 82.7 110.2
Accrued expenses and other current liabilities 2,165.1 2,107.8
Accrued payroll and payroll-related expenses 501.2 862.6
Dividends payable 428.8 429.6
Short-term deferred revenues 172.3 188.2
Obligations under reverse repurchase agreements [1] 167.6 136.4
Income taxes payable 176.8 38.4
Total current liabilities before client funds obligations 3,694.5 3,873.2
Client funds obligations 35,471.7 51,285.5
Total current liabilities 39,166.2 55,158.7
Long-term debt 2,987.6 2,987.1
Operating lease liabilities 348.5 370.9
Other liabilities 902.1 924.2
Deferred income taxes 66.0 67.0
Long-term deferred revenues 317.8 335.0
Total liabilities 43,788.2 59,842.9
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 September 30, 2022 and June 30, 2022; outstanding, 415.2 and 416.1 shares at September 30, 2022 and June 30, 2022, respectively 63.9 63.9
Capital in excess of par value 1,893.1 1,794.2
Retained earnings 21,039.0 20,696.3
Treasury stock - at cost: 223.6 and 222.7 shares at September 30, 2022 and June 30, 2022, respectively (17,695.4) (17,335.4)
Accumulated other comprehensive (loss)/ income (2,724.1) (1,993.7)
Total stockholders’ equity 2,576.5 3,225.3
Total liabilities and stockholders’ equity $ 46,364.7 $ 63,068.2
[1] As of September 30, 2022, $167.0 million of long-term marketable securities and $0.6 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements. 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 (see Note 9)