Divestiture

6 Months Ended

Dec. 31, 2012

Divestitures [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note 6. Divestitures

On December 17, 2012, the Company completed the sale of its Taxware Enterprise Service business ("Taxware") for a pre-tax gain of $58.8 million, less costs to sell, and recorded such gain within earnings from discontinued operations on the Statements of Consolidated Earnings. In connection with the disposal of Taxware, the Company has classified the results of this business as discontinued operations for all periods presented. Taxware was previously reported in the Employer Services segment.

Operating results for discontinued operations were as follows:

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2012		2011		2012		2011
Revenues	$	10.8	$	12.3	$	23.7	$	23.9
Earnings from discontinued operations before income taxes	3.5		3.5		8.0		7.1
Provision for income taxes	1.3		1.3		3.0		2.6
Net earnings from discontinued operations before gain on disposal of discontinued operations	2.2		2.2		5.0		4.5
Gain on disposal of discontinued operations, less costs to sell	58.8		—		58.8		—
Provision for income taxes	22.1		—		22.1		—
Net gain on disposal of discontinued operations	36.7		—		36.7		—
Net earnings from discontinued operations	$	38.9	$	2.2	$	41.7	$	4.5

There were no assets or liabilities of discontinued operations as of December 31, 2012. The following are the major classes of assets and liabilities related to the discontinued operations as of June 30, 2012:

	June 30, 2012
Assets:
Accounts receivable, net	$	7.6
Goodwill	93.3
Intangible assets, net	22.9
Other assets	1.2
Total assets	$	125.0
Liabilities:
Accounts payable	$	0.4
Accrued expenses and other current liabilities	0.1
Accrued payroll and payroll related expenses	2.3
Deferred Revenues	22.7
Deferred Income Taxes	3.5
Total liabilities	$	29.0