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Statements Of Consolidated Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
REVENUES:        
Revenues, other than interest on funds held for clients and PEO revenues $ 2,279.0 $ 2,143.5 $ 6,335.8 $ 5,828.2
Interest on funds held for clients 133.3 148.6 373.0 404.4
PEO revenues 510.8 [1] 445.2 [1] 1,319.8 [1] 1,139.8 [1]
TOTAL REVENUES 2,923.1 2,737.3 8,028.6 7,372.4
EXPENSES:        
Operating expenses 1,413.9 1,300.3 4,014.3 3,590.5
Systems development and programming costs 145.4 155.8 444.2 432.9
Depreciation and amortization 65.4 64.5 192.3 189.4
TOTAL COSTS OF REVENUES 1,624.7 1,520.6 4,650.8 4,212.8
Selling, general and administrative expenses 622.1 577.3 1,788.8 1,663.0
Interest expense 1.2 1.4 5.4 6.9
TOTAL EXPENSES 2,248.0 2,099.3 6,445.0 5,882.7
Other income, net (10.5) (15.0) (141.0) (84.3)
EARNINGS BEFORE INCOME TAXES 685.6 653.0 1,724.6 1,574.0
Provision for income taxes 233.2 229.2 594.5 561.6
NET EARNINGS $ 452.4 $ 423.8 $ 1,130.1 $ 1,012.4
BASIC EARNINGS PER SHARE $ 0.93 $ 0.85 $ 2.32 $ 2.05
DILUTED EARNINGS PER SHARE $ 0.92 $ 0.85 $ 2.29 $ 2.03
Basic weighted average shares outstanding 488.5 496.2 487.7 493.2
Diluted weighted average shares outstanding 493.2 501.3 492.7 497.5
Dividends declared per common share $ 0.3950 $ 0.3600 $ 1.1500 $ 1.0600
[1] Professional Employer Organization ("PEO") revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $4,586.0 and $4,177.9 for the three months ended March 31, 2012 and 2011, respectively, and $13,331.7 and $11,760.6 for the nine months ended March 31, 2012 and 2011, respectively.