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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 3,291.7 $ 2,083.5
Accounts receivable, net of allowance for doubtful accounts of $51.5 and $53.0, respectively 3,460.7 3,009.6
Other current assets 957.7 743.9
Total current assets before funds held for clients 7,710.1 5,837.0
Funds held for clients 47,929.5 36,333.6
Total current assets 55,639.6 42,170.6
Long-term receivables, net of allowance for doubtful accounts of $0.2 and $0.1, respectively 7.0 8.5
Property, plant and equipment, net 676.5 681.4
Operating lease right-of-use asset 354.8 402.4
Deferred contract costs 2,838.3 2,769.7
Other assets 1,014.7 1,255.4
Goodwill 2,355.4 2,339.4
Intangible assets, net 1,295.3 1,343.6
Total assets 64,181.6 50,971.0 Close
Current liabilities:    
Accounts payable 84.6 96.8
Accrued expenses and other current liabilities 3,714.5 2,342.6
Accrued payroll and payroll-related expenses 722.1 941.4
Dividends payable 568.9 510.0
Short-term deferred revenues 189.1 188.6
Obligations under reverse repurchase agreements [1] 0.0 105.4
Income taxes payable 110.4 44.2
Total current liabilities before client funds obligations 5,389.6 4,229.0
Client funds obligations 49,512.3 38,538.6
Total current liabilities 54,901.9 42,767.6
Long-term debt 2,990.7 2,989.0
Operating lease liabilities 309.1 349.9
Other liabilities 935.5 933.7
Deferred income taxes 64.4 73.6
Long-term deferred revenues 353.3 348.1
Total liabilities 59,554.9 47,461.9 Close
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, 2024 and June 30, 2023; outstanding, 409.8 and 412.1 shares at March 31, 2024 and June 30, 2023, respectively 63.9 63.9
Capital in excess of par value 2,354.0 2,102.3
Retained earnings 23,366.1 22,118.0
Treasury stock - at cost: 228.9 and 226.6 shares at March 31, 2024 and June 30, 2023, respectively (19,305.4) (18,469.3)
Accumulated other comprehensive (loss)/ income (1,851.9) (2,305.8)
Total stockholders’ equity 4,626.7 3,509.1 Close
Total liabilities and stockholders’ equity $ 64,181.6 $ 50,971.0
[1] As of June 30, 2023, $104.6 million of long-term marketable securities and $0.8 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements (see Note 9)