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Statements Of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
REVENUES:        
Revenues, other than interest on funds held for clients and PEO revenues $ 1,984.4 $ 1,940.5 $ 3,913.0 $ 3,824.9
Interest on funds held for clients 89.3 90.9 177.1 181.0
PEO revenues (A) [1] 733.3 622.2 1,430.9 1,213.7
TOTAL REVENUES 2,807.0 2,653.6 5,521.0 5,219.6
EXPENSES:        
Operating expenses 1,479.4 1,383.8 2,919.3 2,745.0
Systems development and programming costs 149.6 147.7 305.7 293.4
Depreciation and amortization 53.5 51.8 104.0 103.2
TOTAL COSTS OF REVENUES 1,682.5 1,583.3 3,329.0 3,141.6
Selling, general, and administrative expenses 627.2 588.5 1,232.4 1,164.5
Interest expense 16.8 2.2 21.8 4.1
TOTAL EXPENSES 2,326.5 2,174.0 4,583.2 4,310.2
Other income, net (27.4) (19.2) (75.1) (39.8)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 507.9 498.8 1,012.9 949.2
Provision for income taxes 166.5 166.3 334.0 320.1
NET EARNINGS FROM CONTINUING OPERATIONS 341.4 332.5 678.9 629.1
(LOSS)/EARNINGS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES 0.0 (0.2) (1.4) 67.5
Provision/(Benefit) for income taxes 0.0 0.8 (0.5) 69.9
Net loss from discontinued operations 0.0 (1.0) (0.9) (2.4)
NET EARNINGS $ 341.4 $ 331.5 $ 678.0 $ 626.7
Basic Earnings Per Share from Continuing Operations (in US$ per share) $ 0.75 $ 0.70 $ 1.48 $ 1.32
Basic Loss Per Share from Discontinued Operations (in US$ per share) 0.00 0.00 0.00 (0.01)
BASIC EARNINGS PER SHARE (in US$ per share) 0.75 0.70 1.47 1.31
Diluted Earnings Per Share from Continuing Operations (in US$ per share) 0.74 0.69 1.47 1.31
Diluted Loss Per Share from Discontinued Operations (in US$ per share) 0.00 0.00 0.00 0.00
DILUTED EARNINGS PER SHARE (in US$ per share) $ 0.74 $ 0.69 $ 1.46 $ 1.30
Basic weighted average shares outstanding (shares) 457.6 476.6 460.0 477.6
Diluted weighted average shares outstanding (shares) 460.3 480.3 462.9 481.0
Dividends declared per common share (in US$ per share) $ 0.530 $ 0.490 $ 1.020 $ 0.970
[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes of $8,373.0 million and $7,217.4 million for the three months ended December 31, 2015 and 2014, respectively, and $15,238.2 million and $12,953.6 million for the six months ended December 31, 2015 and 2014, respectively.