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Statements Of Consolidated Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
REVENUES:        
Revenues, other than interest on funds held for clients and PEO revenues $ 2,054.0 $ 1,921.0 $ 4,056.7 $ 3,684.8
Interest on funds held for clients 117.9 129.0 239.8 255.8
PEO revenues 411.1 [1] 355.7 [1] 809.0 [1] 694.6 [1]
TOTAL REVENUES 2,583.0 2,405.7 5,105.5 4,635.2
EXPENSES:        
Operating expenses 1,307.7 1,173.6 2,600.3 2,290.3
Systems development and programming costs 149.1 142.1 298.8 277.0
Depreciation and amortization 63.1 64.6 126.9 124.9
TOTAL COSTS OF REVENUES 1,519.9 1,380.3 3,026.0 2,692.2
Selling, general and administrative expenses 577.5 570.1 1,166.7 1,085.7
Interest expense 2.1 2.8 4.2 5.6
TOTAL EXPENSES 2,099.5 1,953.2 4,196.9 3,783.5
Other income, net (96.2) (32.1) (130.4) (69.3)
EARNINGS BEFORE INCOME TAXES 579.7 484.6 1,039.0 921.0
Provision for income taxes 204.7 174.5 361.3 332.4
NET EARNINGS $ 375.0 $ 310.1 $ 677.7 $ 588.6
BASIC EARNINGS PER SHARE $ 0.77 $ 0.63 $ 1.39 $ 1.20
DILUTED EARNINGS PER SHARE $ 0.76 $ 0.62 $ 1.38 $ 1.19
Basic weighted average shares outstanding 486.7 492.0 487.3 491.7
Diluted weighted average shares outstanding 492.4 496.9 492.8 495.9
Dividends declared per common share $ 0.3950 $ 0.3600 $ 0.7550 $ 0.7000
[1] Professional Employer Organization ("PEO") revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $4,810.4 and $4,231.3 for the three months ended December 31, 2011 and 2010, respectively, and $8,745.7 and $7,582.7 for the six months ended December 31, 2011 and 2010, respectively.