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Receivables
 3 Months Ended
Sep. 30, 2015
Accounts, Notes, Loans and Financing Receivable, Classified [Abstract]  
Receivables
Receivables

Accounts receivable, net, includes the Company's trade receivables, which are recorded based upon the amount the Company expects to receive from its clients, net of an allowance for doubtful accounts. The Company's receivables also include notes receivable for the implementation and transition costs for ADP's products and services. Notes receivable are recorded based upon the amount the Company expects to receive from its clients, net of an allowance for doubtful accounts and unearned income. The allowance for doubtful accounts is the Company's best estimate of probable credit losses related to trade receivables and notes receivable based upon the aging of the receivables, historical collection data, and internal assessments of credit quality, as well as the economy as a whole. The Company charges off uncollectable amounts against the reserve in the period in which it determines they are uncollectable. Unearned income on notes receivable is amortized using the effective interest method.
  
The Company’s receivables, whose carrying value approximates fair value, are as follows:
 
September 30, 2015
 
June 30, 2015
 
Current
 
Long-term
 
Current
 
Long-term
Trade receivables
$
1,583.4

 
$
—

 
$
1,564.6

 
$
—

Notes receivable
19.8

 
34.5

 
18.8

 
34.0

Less:
 
 
 
 
 
 
 
Allowance for doubtful accounts - trade receivables
(36.6
)
 
—

 
(35.1
)
 
—

Allowance for doubtful accounts - notes receivable
(0.4
)
 
(0.7
)
 
(0.4
)
 
(0.6
)
Unearned income - notes receivable
(1.0
)
 
(1.2
)
 
(1.0
)
 
(1.2
)
 
$
1,565.2

 
$
32.6

 
$
1,546.9

 
$
32.2



During the three months ended September 30, 2014, the Company sold notes receivable related to Dealer Services financing arrangements for $207.2 million. Although the sale of the notes receivable transfers the majority of the risk to the purchaser, the Company does retain a minimal level of credit risk on the sold receivables. The cash received in exchange for the notes receivable sold was recorded within the operating activities on the Statements of Consolidated Cash Flows and the gain on sale realized was recorded within Other income, net on the Statements of Consolidated Earnings (see Note 5).