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Corporate Investments And Funds Held For Clients (Tables)
 12 Months Ended
Jun. 30, 2017
Corporate Investments And Funds Held For Clients [Abstract]  
Available-for-sale Securities
Corporate investments and funds held for clients at June 30, 2017 and 2016 were as follows:
 
 
June 30, 2017
 
Amortized
Cost
 
Gross
Unrealized
 Gains
 
Gross
Unrealized
Losses
 
 Fair Value (A)
Type of issue:
 
 
 
 
 
 
 
Money market securities and other cash equivalents
$
8,181.6

 
$
—

 
$
—

 
$
8,181.6

Available-for-sale securities:
 

 
 

 
 

 
 

Corporate bonds
9,325.3

 
98.8

 
(22.0
)
 
9,402.1

U.S. government agency securities
3,557.7

 
22.2

 
(13.4
)
 
3,566.5

Asset-backed securities
4,453.1

 
16.9

 
(8.6
)
 
4,461.4

Canadian government securities and
Canadian government agency securities
1,053.6

 
2.9

 
(11.4
)
 
1,045.1

Canadian provincial bonds
746.9

 
14.3

 
(1.4
)
 
759.8

U.S. Treasury securities
1,585.9

 
2.6

 
(14.3
)
 
1,574.2

Municipal bonds
582.5

 
11.3

 
(1.3
)
 
592.5

Other securities
493.6

 
7.3

 
(1.4
)
 
499.5

 
 
 
 
 
 
 
 
Total available-for-sale securities
21,798.6

 
176.3

 
(73.8
)
 
21,901.1

 
 
 
 
 
 
 
 
Total corporate investments and funds held for clients
$
29,980.2

 
$
176.3

 
$
(73.8
)
 
$
30,082.7


(A) Included within available-for-sale securities are corporate investments with fair values of $10.8 million and funds held for clients with fair values of $21,890.3 million. All available-for-sale securities were included in Level 2.
 
June 30, 2016
 
Amortized 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value (B)
Type of issue:
 

 
 

 
 

 
 

Money market securities and other cash equivalents
$
15,458.6

 
$
—

 
$
—

 
$
15,458.6

Available-for-sale securities:
 

 
 

 
 

 
 

Corporate bonds
9,429.2

 
261.8

 
(0.6
)
 
9,690.4

U.S. government agency securities
4,298.8

 
91.3

 
—

 
4,390.1

Asset-backed securities
3,761.9

 
59.0

 
(0.3
)
 
3,820.6

Canadian government securities and
Canadian government agency securities
995.1

 
12.8

 
—

 
1,007.9

Canadian provincial bonds
735.4

 
30.8

 
(0.1
)
 
766.1

U.S. Treasury securities
746.9

 
16.3

 
—

 
763.2

Municipal bonds
594.2

 
23.9

 
(0.3
)
 
617.8

Other securities
533.3

 
15.8

 
(0.2
)
 
548.9

 
 
 
 
 
 
 
 
Total available-for-sale securities
21,094.8

 
511.7

 
(1.5
)
 
21,605.0

 
 
 
 
 
 
 
 
Total corporate investments and funds held for clients
$
36,553.4

 
$
511.7

 
$
(1.5
)
 
$
37,063.6


(B) Included within available-for-sale securities are corporate investments with fair values of $31.3 million and funds held for clients with fair values of $21,573.7 million. All available-for-sale securities were included in Level 2.
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2017, are as follows: 
 
June 30, 2017
 
Securities in unrealized loss position less than
12 months
 
Securities in unrealized loss position greater than 12 months
 
Total
 
Unrealized
losses
 
Fair market
value
 
Unrealized
losses
 
Fair market
value
 
Gross
unrealized
losses
 
Fair
market value
Corporate bonds
$
(22.0
)
 
$
2,619.9

 
$
—

 
$
7.4

 
$
(22.0
)
 
$
2,627.3

U.S. government agency securities
(13.4
)
 
1,935.3

 
—

 
—

 
(13.4
)
 
1,935.3

Asset-backed securities
(8.5
)
 
1,916.1

 
(0.1
)
 
11.3

 
(8.6
)
 
1,927.4

Canadian government securities and
Canadian government agency securities
(11.4
)
 
699.6

 
—

 
—

 
(11.4
)
 
699.6

Canadian provincial bonds
(1.4
)
 
179.8

 
—

 
—

 
(1.4
)
 
179.8

U.S. Treasury securities
(14.3
)
 
1,317.8

 
—

 
1.0

 
(14.3
)
 
1,318.8

Municipal bonds
(1.2
)
 
98.8

 
(0.1
)
 
1.2

 
(1.3
)
 
100.0

Other securities
(1.3
)
 
148.0

 
(0.1
)
 
8.9

 
(1.4
)
 
156.9

 
$
(73.5
)
 
$
8,915.3

 
$
(0.3
)
 
$
29.8

 
$
(73.8
)
 
$
8,945.1


The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2016 are as follows: 
 
June 30, 2016
 
Securities in unrealized loss position less than
12 months
 
Securities in unrealized loss position greater than 12 months
 
Total
 
Unrealized
losses
 
Fair market
value
 
Unrealized
losses
 
Fair market
value
 
Gross
unrealized
losses
 
Fair
market value
Corporate bonds
$
(0.5
)
 
$
138.0

 
$
(0.1
)
 
$
35.1

 
$
(0.6
)
 
$
173.1

U.S. government agency securities
—

 
—

 
—

 
—

 
—

 
—

Asset-backed securities
(0.1
)
 
58.8

 
(0.2
)
 
154.8

 
(0.3
)
 
213.6

Canadian government securities and
Canadian government agency securities
—

 
53.2

 
—

 
—

 
—

 
53.2

Canadian provincial bonds
(0.1
)
 
19.1

 
—

 
7.8

 
(0.1
)
 
26.9

U.S. Treasury securities
—

 
3.4

 
—

 
1.6

 
—

 
5.0

Municipal bonds
—

 
12.9

 
(0.3
)
 
10.6

 
(0.3
)
 
23.5

Other securities
(0.1
)
 
10.5

 
(0.1
)
 
8.0

 
(0.2
)
 
18.5

 
$
(0.8
)
 
$
295.9

 
$
(0.7
)
 
$
217.9

 
$
(1.5
)
 
$
513.8
Classification Of Corporate Investments On The Consolidated Balance Sheets
Classification of corporate investments on the Consolidated Balance Sheets is as follows:
June 30,
 
2017
 
2016
Corporate investments:
 
 
 
 
Cash and cash equivalents
 
$
2,780.4

 
$
3,191.1

Short-term marketable securities (a)
 
3.2

 
23.5

Long-term marketable securities (b)
 
7.6

 
7.8

Total corporate investments
 
$
2,791.2

 
$
3,222.4


 
(a) - Short-term marketable securities are included within Other current assets on the Consolidated Balance Sheets.
(b) - Long-term marketable securities are included within Other assets on the Consolidated Balance Sheets.
Schedule Of Investment Of Funds Held For Clients
Funds held for clients have been invested in the following categories:
June 30,
 
2017
 
2016
Funds held for clients:
 
 
 
 
Restricted cash and cash equivalents held to satisfy client funds obligations
 
$
5,401.2

 
$
12,267.5

Restricted short-term marketable securities held to satisfy client funds obligations
 
2,918.5

 
3,032.1

Restricted long-term marketable securities held to satisfy client funds obligations
 
18,971.8

 
18,541.6

Total funds held for clients
 
$
27,291.5

 
$
33,841.2
Expected Maturities Of Available-For-Sale Securities
Expected maturities of available-for-sale securities at June 30, 2017 are as follows:
Due in one year or less
$
2,921.7

Due after one year to two years
2,826.7

Due after two years to three years
5,144.5

Due after three years to four years
4,958.8

Due after four years
6,049.4

 
 

Total available-for-sale securities
$
21,901.1