Income Taxes Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

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,	2018		2017		2016
Earnings from continuing operations before income taxes:
United States	$	1,849.8	$	2,232.8	$	2,028.5
Foreign	321.3		298.3		206.2
	$	2,171.1	$	2,531.1	$	2,234.7

Schedule Of Components Of Provision (Benefit) For Income Taxes

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

Years ended June 30,	2018			2017			2016
Current:
Federal	$	366.7		$	615.3		$	579.0
Foreign	105.5			91.6			85.0
State	77.6			82.7			76.6
Total current	549.8			789.6			740.6
Deferred:
Federal	(24.8		)	6.2			17.7
Foreign	19.7			7.2			(15.7		)
State	5.6			(5.3		)	(1.3		)
Total deferred	0.5			8.1			0.7
Total provision for income taxes	$	550.3		$	797.7		$	741.3

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,	2018			%		2017			%		2016			%
Provision for taxes at U.S. statutory rate	$	609.2		28.1		$	885.9		35.0		$	782.1		35.0
Increase (decrease) in provision from:
State taxes, net of federal tax benefit	51.0			2.4		52.2			2.1		47.2			2.1
U.S. tax on foreign income	12.0			0.5		66.1			2.6		122.6			5.5
Utilization of foreign tax credits	(19.6		)	(0.9	)	(76.0		)	(3.0	)	(155.4		)	(7.0	)
Section 199 - Qualified production activities	(31.9		)	(1.5	)	(33.2		)	(1.3	)	(31.9		)	(1.4	)
Section 199 - Qualified production activities and research tax credit refund claim - net of reserves	—			—		(51.8		)	(2.1	)	—			—
Resolution of tax matters - Section 199 Qualified production activities and research tax credit refund claim	(33.3		)	(1.6	)	—			—		—			—
Excess tax benefit - Stock-based compensation	(26.7		)	(1.2	)	(32.1		)	(1.3	)	—			—
Other	(10.4		)	(0.5	)	(13.4		)	(0.5	)	(23.3		)	(1.0	)
	$	550.3		25.3		$	797.7		31.5		$	741.3		33.2

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,	2018			2017
Deferred tax assets:
Accrued expenses not currently deductible	$	178.3		$	294.5
Stock-based compensation expense	49.6			75.5
Foreign tax credits	40.0			49.5
Net operating losses	44.6			49.5
Unrealized investment losses, net	83.6			—
Other	20.4			18.7
	416.5			487.7
Less: valuation allowances	(46.0		)	(9.4		)
Deferred tax assets, net	$	370.5		$	478.3
Deferred tax liabilities:
Prepaid retirement benefits	$	19.3		$	125.1
Deferred revenue	16.5			35.5
Fixed and intangible assets	242.4			226.3
Prepaid expenses	71.8			122.5
Unrealized investment gains, net	—			33.4
Tax on unrepatriated earnings	28.3			—
Other	9.4			5.2
Deferred tax liabilities	$	387.7		$	548.0
Net deferred tax liabilities	$	17.2		$	69.7

Summary of Income Tax Contingencies

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

	2018			2017			2016
Unrecognized tax benefits at beginning of the year	$	74.6		$	27.4		$	27.1
Additions for tax positions	4.0			7.5			3.8
Additions for tax positions of prior periods	19.8			41.9			3.5
Reductions for tax positions of prior periods	(40.5		)	(0.5		)	(0.1		)
Settlement with tax authorities	(11.7		)	(0.9		)	(1.7		)
Expiration of the statute of limitations	(1.0		)	(0.9		)	(4.9		)
Impact of foreign exchange rate fluctuations	—			0.1			(0.3		)
Unrecognized tax benefit at end of year	$	45.2		$	74.6		$	27.4

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)	2018
Illinois	2004-2016
Canada	2014
India	2004-2011, 2013-2015
Germany	2010-2014