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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 2,913.4 $ 2,083.5
Accounts receivable, net of allowance for doubtful accounts of $52.2 and $53.0, respectively 3,428.2 3,009.6
Other current assets 1,204.8 743.9
Total current assets before funds held for clients 7,546.4 5,837.0
Funds held for clients 37,996.1 36,333.6
Total current assets 45,542.5 42,170.6
Long-term receivables, net of allowance for doubtful accounts of $0.1 and $0.1, respectively 7.3 8.5
Property, plant and equipment, net 685.6 681.4
Operating lease right-of-use asset 370.6 402.4
Deferred contract costs 2,965.0 2,769.7
Other assets 1,102.1 1,255.4
Goodwill 2,353.6 2,339.4
Intangible assets, net 1,336.0 1,343.6
Total assets 54,362.7 50,971.0 Close
Current liabilities:    
Accounts payable 100.6 96.8
Accrued expenses and other current liabilities 3,350.1 2,342.6
Accrued payroll and payroll-related expenses 958.7 941.4
Dividends payable 566.4 510.0
Short-term deferred revenues 199.8 188.6
Obligations under reverse repurchase agreements [1] 385.4 105.4
Income taxes payable 15.1 44.2
Total current liabilities before client funds obligations 5,576.1 4,229.0
Client funds obligations 39,503.9 38,538.6
Total current liabilities 45,080.0 42,767.6
Long-term debt 2,991.3 2,989.0
Operating lease liabilities 328.6 349.9
Other liabilities 990.8 933.7
Deferred income taxes 64.3 73.6
Long-term deferred revenues 360.1 348.1
Total liabilities 49,815.1 47,461.9 Close
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, 2024 and June 30, 2023; outstanding, 408.1 and 412.1 shares at June 30, 2024 and June 30, 2023, respectively 63.9 63.9
Capital in excess of par value 2,406.9 2,102.3
Retained earnings 23,622.2 22,118.0
Treasury stock - at cost: 230.6 and 226.6 shares at June 30, 2024 and June 30, 2023, respectively (19,737.1) (18,469.3)
Accumulated other comprehensive (loss)/income (1,808.3) (2,305.8)
Total stockholders’ equity 4,547.6 3,509.1 Close
Total liabilities and stockholders’ equity $ 54,362.7 $ 50,971.0
[1] As of June 30, 2024, $384.0 million of short-term marketable securities and $1.4 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements. 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 8).