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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 2,104.9 $ 2,913.4
Short-term marketable securities [1] 5,242.2 384.0
Accounts receivable, net of allowance for doubtful accounts of $53.2 and $52.2, respectively 3,316.7 3,428.2
Other current assets 1,070.5 820.8
Total current assets before funds held for clients 11,734.3 7,546.4
Funds held for clients 28,176.9 37,996.1
Total current assets 39,911.2 45,542.5
Long-term marketable securities [1] 940.6 0.0
Long-term receivables, net of allowance for doubtful accounts of $0.2 and $0.1, respectively 6.6 7.3
Property, plant and equipment, net 692.5 685.6
Operating lease right-of-use asset 362.5 370.6
Deferred contract costs 2,975.5 2,965.0
Other assets 923.2 1,102.1
Goodwill 2,369.0 2,353.6
Intangible assets, net 1,330.3 1,336.0
Total assets 49,511.4 54,362.7 Close
Current liabilities:    
Accounts payable 145.2 100.6
Accrued expenses and other current liabilities 2,973.9 3,349.0
Accrued payroll and payroll-related expenses 552.7 958.7
Dividends payable 565.9 566.4
Short-term deferred revenues 188.6 199.8
Obligations under reverse repurchase agreements [1] 679.1 385.4
Obligations under commercial paper borrowing 4,375.4 0.0
Short-term debt 1,000.3 1.1
Income taxes payable 170.4 15.1
Total current liabilities before client funds obligations 10,651.5 5,576.1
Client funds obligations 28,720.9 39,503.9
Total current liabilities 39,372.4 45,080.0
Long-term debt 2,981.4 2,991.3
Operating lease liabilities 316.1 328.6
Other liabilities 977.0 990.8
Deferred income taxes 154.4 64.3
Long-term deferred revenues 361.5 360.1
Total liabilities 44,162.8 49,815.1 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 September 30, 2024 and June 30, 2024; outstanding, 407.7 and 408.1 shares at September 30, 2024 and June 30, 2024, respectively 63.9 63.9
Capital in excess of par value 2,528.6 2,406.9
Retained earnings 24,001.2 23,622.2
Treasury stock - at cost: 231.0 and 230.6 shares at September 30, 2024 and June 30, 2024, respectively (20,144.9) (19,737.1)
Accumulated other comprehensive (loss)/ income (1,100.2) (1,808.3)
Total stockholders’ equity 5,348.6 4,547.6 Close
Total liabilities and stockholders’ equity $ 49,511.4 $ 54,362.7
[1] As of September 30, 2024, $578.6 million of short-term marketable securities, $98.8 million of long-term marketable securities and $1.7 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements. 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 (see Note 9).