Interim Financial Data By Segment

3 Months Ended

Sep. 30, 2012

Interim Financial Data By Segment [Abstract]

Interim Financial Data By Segment

Note 17. Interim Financial Data by Segment

Based upon similar economic characteristics and operational characteristics, the Company’s strategic business units have been aggregated into the following three reportable segments: Employer Services, PEO Services, and Dealer Services.  The primary components of the “Other” segment are the results of operations of ADP Indemnity (a wholly-owned captive insurance company that provides workers’ compensation and employer’s liability deductible reimbursement insurance protection for PEO Services worksite employees), non-recurring gains and losses, miscellaneous processing services, such as customer financing transactions, and certain expenses that have not been charged to the reportable segments, such as stock-based compensation expense.  Certain revenues and expenses are charged to the reportable segments at a standard rate for management reasons.  Other costs are recorded based on management responsibility.  The prior year reportable segments’ revenues and earnings from continuing operations before income taxes have been adjusted to reflect updated fiscal 2013 budgeted foreign exchange rates.  In addition, there is a reconciling item for the difference between actual interest income earned on invested funds held for clients and interest credited to Employer Services and PEO Services at a standard rate of 4.5%.  The reportable segments’ results also include an internal cost of capital charge related to the funding of acquisitions and other investments.  All of these adjustments/charges are reconciling items to the Company’s reportable segments’ revenues and/or earnings from continuing operations before income taxes and result in the elimination of these adjustments/charges in consolidation. Reportable segments' assets from continuing operations include funds held for clients, but exclude corporate cash, corporate marketable securities, and goodwill.

Segment Results:

	Revenues
	Three Months Ended
	September 30,
	2012			2011
Employer Services	$	1,819.0		$	1,708.9
PEO Services	451.9			400.5
Dealer Services	439.8			402.6
Other	0.7			2.8
Reconciling items:
Foreign exchange	0.2			44.8
Client fund interest	(74.1		)	(48.7		)
Total	$	2,637.5		$	2,510.9

	Earnings from Continuing Operations before Income Taxes
	Three Months Ended
	September 30,
	2012			2011
Employer Services	$	421.8		$	407.2
PEO Services	46.2			36.7
Dealer Services	76.0			63.4
Other	(34.0		)	(30.9		)
Reconciling items:
Foreign exchange	1.2			(0.7		)
Client fund interest	(74.1		)	(48.7		)
Cost of capital charge	28.5			28.7
Total	$	465.6		$	455.7

During the three months endedSeptember 30, 2012 and 2011, Dealer Services earned 11.3% and 12.0%, respectively, of its segment revenues from one client. The Company did not have any customers that individually accounted for more than 10% of the Company's consolidated revenue from continuing operations.