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Statements of Consolidated Cash Flows - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net earnings $ 2,635.3 $ 2,323.4
Adjustments to reconcile net earnings to cash flows provided by operating activities:    
Depreciation and amortization 408.9 384.6
Amortization of deferred contract costs 738.1 714.3
Deferred income taxes (17.6) 2.1
Stock-based compensation expense 176.6 146.2
Net pension income (30.7) (47.4)
Net amortization of premiums and accretion of discounts on available-for-sale securities 25.5 76.1
Other 48.6 (4.6)
Changes in operating assets and liabilities:    
Decrease/(Increase) in accounts receivable 80.1 (533.6)
Increase in other assets (985.7) (936.9)
Decrease in accounts payable (31.6) (41.3)
(Decrease)/Increase in accrued expenses and other liabilities (25.6) 103.7
Net cash flows provided by operating activities 3,021.9 2,186.6
Cash Flows from Investing Activities:    
Purchases of corporate and client funds marketable securities (5,471.1) (8,944.0)
Proceeds from the sales and maturities of corporate and client funds marketable securities 3,881.4 3,366.9
Capital expenditures (145.4) (126.8)
Additions to intangibles (285.3) (282.3)
Acquisitions of businesses, net of cash acquired (32.4) (11.7)
Proceeds from sale of property, plant, and equipment and other assets 0.0 34.2
Net cash flows used in investing activities (2,052.8) (5,963.7)
Cash Flows from Financing Activities:    
Net (decrease)/increase in client funds obligations (3,412.3) 25,028.7
Payments of debt (0.7) (0.7)
Proceeds from the issuance of debt 0.0 7.3
Repurchases of common stock (817.5) (1,481.9)
Net proceeds from stock purchase plan and stock-based compensation plans 72.7 73.5
Dividends paid (1,386.1) (1,224.7)
Net payments related to reverse repurchase agreements (142.3) (23.5)
Net cash flows (used in)/provided by financing activities (5,686.2) 22,378.7
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents (25.3) (14.2)
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents (4,742.4) 18,587.4
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period 22,783.0 13,143.2
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period 18,040.6 31,730.6
Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Consolidated Balance Sheets    
Cash and cash equivalents 1,828.4 1,634.2
Restricted cash and cash equivalents held to satisfy client funds obligations [1] 16,212.2 30,096.4
Total cash, cash equivalents, restricted cash, and restricted cash equivalents 18,040.6 31,730.6
Supplemental disclosures of cash flow information:    
Cash paid for interest 148.5 57.1
Cash paid for income taxes, net of income tax refunds $ 778.8 $ 587.9
[1] See Note 6 for a reconciliation of restricted cash and restricted cash equivalents in funds held for clients on the Consolidated Balance Sheets.