Income Taxes Income Taxes (Tables)

12 Months Ended

Jun. 30, 2017

Income Tax Disclosure [Abstract]

Income Tax From Continuing Operations Provision For Income Tax Components Disclosure

Earnings from continuing operations before income taxes shown below are based on the geographic location to which such earnings are attributable.

Years ended June 30,	2017		2016		2015
Earnings from continuing operations before income taxes:
United States	$	2,232.8	$	2,028.5	$	1,895.3
Foreign	298.3		206.2		175.4
	$	2,531.1	$	2,234.7	$	2,070.7

Schedule Of Components Of Provision (Benefit) For Income Taxes

The provision (benefit) for income taxes consists of the following components:

Years ended June 30,	2017			2016			2015
Current:
Federal	$	615.3		$	579.0		$	576.3
Foreign	91.6			85.0			93.1
State	82.7			76.6			40.1
Total current	789.6			740.6			709.5
Deferred:
Federal	6.2			17.7			(1.3		)
Foreign	7.2			(15.7		)	(17.0		)
State	(5.3		)	(1.3		)	3.0
Total deferred	8.1			0.7			(15.3		)
Total provision for income taxes	$	797.7		$	741.3		$	694.2

Reconciliation Between Federal Statutory Tax And Effective Tax Rate

A reconciliation between the Company's effective tax rate and the U.S. federal statutory rate is as follows:

Years ended June 30,	2017			%		2016			%		2015			%
Provision for taxes at U.S. statutory rate	$	885.9		35.0		$	782.1		35.0		$	724.8		35.0
Increase (decrease) in provision from:
State taxes, net of federal tax benefit	52.2			2.1		47.2			2.1		34.8			1.7
U.S. tax on foreign income	66.1			2.6		122.6			5.5		155.3			7.5
Utilization of foreign tax credits	(76.0		)	(3.0	)	(155.4		)	(7.0	)	(177.1		)	(8.6	)
Section 199 - Qualified production activities	(33.2		)	(1.3	)	(31.9		)	(1.4	)	(28.9		)	(1.4	)
Section 199 - Qualified production activities and research tax credit refund claim - net of reserves	(51.8		)	(2.1	)	—			—		—			—
Excess tax benefit - Stock-based compensation	(32.1		)	(1.3	)	—			—		—			—
Other	(13.4		)	(0.5	)	(23.3		)	(1.0	)	(14.7		)	(0.7	)
	$	797.7		31.5		$	741.3		33.2		$	694.2		33.5

Components Of Deferred Tax Assets And Liabilities

The significant components of deferred income tax assets and liabilities and their balance sheet classifications are as follows:

Years ended June 30,	2017			2016
Deferred tax assets:
Accrued expenses not currently deductible	$	294.5		$	262.8
Stock-based compensation expense	75.5			74.6
Foreign Tax Credits	49.5			47.1
Net operating losses	49.5			46.0
Other	18.7			23.7
	487.7			454.2
Less: valuation allowances	(9.4		)	(15.4		)
Deferred tax assets, net	$	478.3		$	438.8
Deferred tax liabilities:
Prepaid retirement benefits	$	125.1		$	77.2
Deferred revenue	35.5			43.2
Fixed and intangible assets	226.3			171.4
Prepaid expenses	122.5			118.0
Unrealized investment gains, net	33.4			176.2
Other	5.2			3.6
Deferred tax liabilities	$	548.0		$	589.6
Net deferred tax liabilities	$	69.7		$	150.8

Summary of Income Tax Contingencies

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

	2017			2016			2015
Unrecognized tax benefits at beginning of the year	$	27.4		$	27.1		$	56.5
Additions for tax positions	7.5			3.8			2.4
Additions for tax positions of prior periods	41.9			3.5			3.1
Reductions for tax positions of prior periods	(0.5		)	(0.1		)	(6.5		)
Settlement with tax authorities	(0.9		)	(1.7		)	(12.2		)
Expiration of the statute of limitations	(0.9		)	(4.9		)	(14.0		)
Impact of foreign exchange rate fluctuations	0.1			(0.3		)	(2.2		)
Unrecognized tax benefit at end of year	$	74.6		$	27.4		$	27.1

Summary of Income Tax Examinations

Examinations in progress in which the Company has significant business operations are as follows:

Taxing Jurisdiction	Fiscal Years under Examination
U.S. (IRS)	2016-2017
California	2012-2014
Illinois	2007-2013
New York	2010-2015
Canada	2012-2014
India	2004-2011, 2013-2015
Germany	2010-2014