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Income Taxes Income Taxes (Tables)
12 Months Ended
Jun. 30, 2014
Income Tax Disclosure [Abstract]  
Income Tax From Continuing Operations Provision For Income Tax Components Disclosure
Years ended June 30,
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes:
 
 
 
 
 
 
United States
 
$
1,960.3

 
$
1,757.6

 
$
1,874.4

Foreign
 
314.3

 
318.5

 
227.3

 
 
$
2,274.6

 
$
2,076.1

 
$
2,101.7

Schedule Of Components Of Provision (Benefit) For Income Taxes
Years ended June 30,
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
Current:
 
 
 
 
 
 
Federal
 
$
666.6

 
$
539.2

 
$
537.6

Foreign
 
92.2

 
103.6

 
85.4

State
 
63.5

 
50.5

 
67.4

Total current
 
822.3

 
693.3

 
690.4

 
 
 
 
 
 
 
Deferred:
 
 
 
 
 
 
Federal
 
(35.4
)
 
35.2

 
48.4

Foreign
 
(19.2
)
 
(14.9
)
 
(9.1
)
State
 
4.3

 
4.4

 
(3.2
)
Total deferred
 
(50.3
)
 
24.7

 
36.1

Total provision for income taxes
 
$
772.0

 
$
718.0

 
$
726.5

Reconciliation Between Federal Statutory Tax And Effective Tax Rate
Years ended June 30,
 
2014
 
%
 
2013
 
%
 
2012
 
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for taxes at U.S. statutory rate
 
$
796.1

 
35.0

 
$
726.7

 
35.0

 
$
735.7

 
35.0

 
 
 
 
 
 
 
 
 
 
 
 
 
Increase (decrease) in provision from:
 
 
 
 
 
 
 
 
 
 
 
 
State taxes, net of federal tax benefit
 
44.2

 
1.9

 
35.3

 
1.7

 
37.6

 
1.8

U.S. tax on foreign income
 
26.8

 
1.2

 
85.3

 
4.2

 
51.4

 
2.5

Utilization of foreign tax credits
 
(27.5
)
 
(1.2
)
 
(94.4
)
 
(4.6
)
 
(51.7
)
 
(2.5
)
Section 199 - Qualified production activities
 
(23.0
)
 
(1.0
)
 
(22.3
)
 
(1.1
)
 
(22.4
)
 
(1.1
)
Other (A)
 
(44.6
)
 
(2.0
)
 
(12.6
)
 
(0.6
)
 
(24.1
)
 
(1.1
)
 
 
$
772.0

 
33.9

 
$
718.0

 
34.6

 
$
726.5

 
34.6

Components Of Deferred Tax Assets And Liabilities
Years ended June 30,
 
2014
 
2013
 
 
 
 
 
Deferred tax assets:
 
 
 
 
Accrued expenses not currently deductible
 
$
248.0

 
$
223.4

Stock-based compensation expense
 
87.3

 
84.1

Net operating losses
 
79.7

 
97.6

Other
 
36.4

 
39.5

 
 
451.4

 
444.6

Less: valuation allowances
 
(44.0
)
 
(48.8
)
Deferred tax assets, net
 
$
407.4

 
$
395.8

 
 
 
 
 
Deferred tax liabilities:
 
 
 
 
Prepaid retirement benefits
 
$
183.7

 
$
146.2

Deferred revenue
 
71.9

 
62.9

Fixed and intangible assets
 
203.1

 
235.3

Prepaid expenses
 
100.7

 
88.9

Unrealized investment gains, net
 
112.3

 
99.8

Tax on unrepatriated earnings
 
14.1

 
12.3

Other
 
1.9

 
7.3

Deferred tax liabilities
 
$
687.7

 
$
652.7

Net deferred tax liabilities
 
$
280.3

 
$
256.9

Summary of Income Tax Contingencies
 
 
Fiscal 2014
 
Fiscal 2013
 
Fiscal 2012
 
 
 
 
 
 
 
Unrecognized tax benefits at beginning of the year
 
$
70.7

 
$
84.7

 
$
105.7

Additions for tax positions
 
3.6

 
5.0

 
8.0

Reductions for tax positions
 

 

 
(0.8
)
Additions for tax positions of prior periods
 
7.0

 
5.3

 
13.0

Reductions for tax positions of prior periods
 
(7.4
)
 
(3.7
)
 
(21.6
)
Settlement with tax authorities
 
(4.4
)
 
(12.0
)
 
(4.2
)
Expiration of the statute of limitations
 
(13.7
)
 
(9.7
)
 
(9.8
)
Impact of foreign exchange rate fluctuations
 
0.9

 
1.1

 
(5.6
)
Unrecognized tax benefit at end of year
 
$
56.7

 
$
70.7

 
$
84.7

Summary of Income Tax Examinations
Taxing Jurisdiction
 
Fiscal Years under Examination
U.S. (IRS)
 
2013-2014
Arizona
 
1998-2007
Illinois
 
2004-2011
Minnesota
 
2005-2012
New York
 
2007-2009
New Jersey
 
2002-2009