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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, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
REVENUES:        
Revenues, other than interest on funds held for clients and PEO revenues $ 2,365.8 $ 2,183.4 $ 4,614.5 $ 4,265.3
Interest on funds held for clients 89.2 101.7 178.4 208.4
PEO revenues 527.8 [1] 462.7 [1] 1,029.6 [1] 911.6 [1]
TOTAL REVENUES 2,982.8 2,747.8 5,822.5 5,385.3
EXPENSES:        
Operating expenses 1,528.7 1,401.6 3,020.3 2,769.1
Systems development and programming costs 179.3 159.9 351.2 316.2
Depreciation and amortization 64.4 62.8 125.3 125.6
TOTAL COSTS OF REVENUES 1,772.4 1,624.3 3,496.8 3,210.9
Selling, general and administrative expenses 675.6 624.7 1,314.2 1,236.1
Interest expense 2.0 3.0 3.9 6.1
TOTAL EXPENSES 2,450.0 2,252.0 4,814.9 4,453.1
Other income, net (28.3) (33.0) (50.8) (62.2)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 561.1 528.8 1,058.4 994.4
Provision for income taxes 184.1 176.8 352.8 340.0
NET EARNINGS FROM CONTINUING OPERATIONS 377.0 352.0 705.6 654.4
EARNINGS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES 0 62.3 0 66.8
Provision for Income Taxes 0 23.4 0 25.1
NET EARNINGS FROM DISCONTINUED OPERATIONS 0 38.9 0 41.7
NET EARNINGS $ 377.0 $ 390.9 $ 705.6 $ 696.1
Basic Earnings Per Share from Continuing Operations $ 0.79 $ 0.73 $ 1.47 $ 1.36
Basic Earnings Per Share from Discontinued Operations $ 0.00 $ 0.08 $ 0.00 $ 0.09
BASIC EARNINGS PER SHARE $ 0.79 $ 0.81 $ 1.47 $ 1.44
Diluted Earnings Per Share from Continuing Operations $ 0.78 $ 0.72 $ 1.46 $ 1.34
Diluted Earnings Per Share from Discontinued Operations $ 0.00 $ 0.08 $ 0.00 $ 0.09
DILUTED EARNINGS PER SHARE $ 0.78 $ 0.80 $ 1.46 $ 1.43
Basic weighted average shares outstanding 478.4 482.1 479.2 482.8
Diluted weighted average shares outstanding 482.8 486.8 483.6 487.7
Dividends declared per common share $ 0.480 $ 0.435 $ 0.915 $ 0.830
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $6,140.4 million and $5,410.9 million for the three months ended December 31, 2013 and 2012, respectively, and $11,087.6 million and $9,936.7 million for the six months ended December 31, 2013 and 2012, respectively.