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Corporate Investments and Funds Held For Clients (Tables)
 3 Months Ended
Sep. 30, 2019
Corporate Investments And Funds Held For Clients [Abstract]  
Available-for-sale Securities

Corporate investments and funds held for clients at September 30, 2019 and June 30, 2019 were as follows:
 
September 30, 2019
 
Amortized
Cost
 
Gross
Unrealized
 Gains
 
Gross
Unrealized
Losses
 
 Fair Market Value (A)
Type of issue:
 
 
 
 
 
 
 
Money market securities, cash and other cash equivalents
$
2,272.2

 
$
—

 
$
—

 
$
2,272.2

Available-for-sale securities:
 
 
 
 
 
 
 
Corporate bonds
10,716.8

 
232.7

 
(2.2
)
 
10,947.3

Asset-backed securities
4,325.9

 
45.0

 
(2.8
)
 
4,368.1

U.S. Treasury securities
3,474.5

 
30.9

 
(5.9
)
 
3,499.5

U.S. government agency securities
2,106.7

 
25.1

 
(2.2
)
 
2,129.6

Canadian government obligations and Canadian government agency obligations
1,155.3

 
6.2

 
(5.7
)
 
1,155.8

Canadian provincial bonds
793.7

 
16.0

 
(0.3
)
 
809.4

Municipal bonds
561.3

 
17.5

 
(0.1
)
 
578.7

Other securities
1,130.5

 
27.6

 
(0.5
)
 
1,157.6

 
 
 
 
 
 
 
 
Total available-for-sale securities
24,264.7

 
401.0

 
(19.7
)
 
24,646.0

 
 
 
 
 
 
 
 
Total corporate investments and funds held for clients
$
26,536.9

 
$
401.0

 
$
(19.7
)
 
$
26,918.2


(A) Included within available-for-sale securities are corporate investments with fair values of $4,121.1 million and funds held for clients with fair values of $20,524.9 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy.
 
June 30, 2019
 
Amortized 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Market Value (B)
Type of issue:
 

 
 

 
 

 
 

Money market securities, cash and other cash equivalents
$
6,796.2

 
$
—

 
$
—

 
$
6,796.2

Available-for-sale securities:
 
 
 
 
 
 
 

Corporate bonds
10,691.8

 
182.8

 
(6.7
)
 
10,867.9

Asset-backed securities
4,658.3

 
37.8

 
(5.4
)
 
4,690.7

U.S. Treasury securities
2,933.0

 
23.8

 
(8.0
)
 
2,948.8

US government agency securities
2,612.0

 
17.7

 
(5.8
)
 
2,623.9

Canadian government obligations and Canadian government agency obligations
1,164.1

 
7.0

 
(6.0
)
 
1,165.1

Canadian provincial bonds
800.2

 
14.5

 
(0.5
)
 
814.2

Municipal bonds
596.1

 
16.4

 
(0.1
)
 
612.4

Other securities
1,116.1

 
20.6

 
(0.6
)
 
1,136.1

 
 
 
 
 
 
 
 
Total available-for-sale securities
24,571.6

 
320.6

 
(33.1
)
 
24,859.1

 
 
 
 
 
 
 
 
Total corporate investments and funds held for clients
$
31,367.8

 
$
320.6

 
$
(33.1
)
 
$
31,655.3

(B) Included within available-for-sale securities are corporate investments with fair values of $271.9 million and funds held for clients with fair values of $24,587.2 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy.

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 September 30, 2019, are as follows: 
 
September 30, 2019
 
Securities in Unrealized Loss Position Less Than 12 Months
 
Securities in Unrealized Loss Position Greater Than 12 Months
 
Total
 
Gross
Unrealized
Losses
 
Fair Market
Value
 
Gross
Unrealized
Losses
 
Fair Market
Value
 
Gross
Unrealized
Losses
 
Fair
Market Value
Corporate bonds
$
(1.0
)
 
$
438.5

 
$
(1.2
)
 
$
615.8

 
$
(2.2
)
 
$
1,054.3

Asset-backed securities
(0.9
)
 
327.2

 
(1.9
)
 
1,142.8

 
(2.8
)
 
1,470.0

U.S. Treasury securities
(0.2
)
 
90.8

 
(5.7
)
 
979.7

 
(5.9
)
 
1,070.5

U.S. government agency securities
(0.1
)
 
61.3

 
(2.1
)
 
945.3

 
(2.2
)
 
1,006.6

Canadian government obligations and Canadian government agency obligations
(5.7
)
 
794.4

 
—

 
1.1

 
(5.7
)
 
795.5

Canadian provincial bonds
(0.2
)
 
83.9

 
(0.1
)
 
29.8

 
(0.3
)
 
113.7

Municipal bonds
(0.1
)
 
20.0

 
—

 
5.0

 
(0.1
)
 
25.0

Other securities
(0.2
)
 
22.4

 
(0.3
)
 
67.6

 
(0.5
)
 
90.0

 
$
(8.4
)
 
$
1,838.5

 
$
(11.3
)
 
$
3,787.1

 
$
(19.7
)
 
$
5,625.6


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, 2019, are as follows:

 
June 30, 2019
 
Securities in Unrealized Loss Position Less Than 12 Months
 
Securities in Unrealized Loss Position Greater Than 12 Months
 
Total
 
Gross
Unrealized
Losses
 
Fair Market
Value
 
Gross
Unrealized
Losses
 
Fair Market
Value
 
Gross
Unrealized
Losses
 
Fair
Market Value
Corporate bonds
$
(0.6
)
 
$
151.9

 
$
(6.1
)
 
$
2,055.6

 
$
(6.7
)
 
$
2,207.5

Asset-backed securities
(0.2
)
 
171.9

 
(5.2
)
 
2,083.5

 
(5.4
)
 
2,255.4

U.S. Treasury securities
—

 
1.8

 
(8.0
)
 
1,159.4

 
(8.0
)
 
1,161.2

U.S. government agency securities
—

 
—

 
(5.8
)
 
1,671.4

 
(5.8
)
 
1,671.4

Canadian government obligations and Canadian government agency obligations
(6.0
)
 
662.7

 
—

 
1.1

 
(6.0
)
 
663.8

Canadian provincial bonds
(0.3
)
 
81.5

 
(0.2
)
 
50.1

 
(0.5
)
 
131.6

Municipal bonds
—

 
1.5

 
(0.1
)
 
23.3

 
(0.1
)
 
24.8

Other securities
(0.1
)
 
36.4

 
(0.5
)
 
148.1

 
(0.6
)
 
184.5

 
$
(7.2
)
 
$
1,107.7

 
$
(25.9
)
 
$
7,192.5

 
$
(33.1
)
 
$
8,300.2
Classification Of Corporate Investments On The Consolidated Balance Sheets
Classification of corporate investments on the Consolidated Balance Sheets is as follows:
 
 
September 30,
 
June 30,
 
 
2019
 
2019
Corporate investments:
 
 
 
 
Cash and cash equivalents
 
$
1,403.9

 
$
1,949.2

Short-term marketable securities
 
3,545.1

 
10.5

Long-term marketable securities (a)
 
576.0

 
261.4

Total corporate investments
 
$
5,525.0

 
$
2,221.1


 
(a) - 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:
 
 
September 30,
 
June 30,
 
 
2019
 
2019
Funds held for clients:
 
 
 
 
Restricted cash and cash equivalents held to satisfy client funds obligations
 
$
868.3

 
$
4,847.0

Restricted short-term marketable securities held to satisfy client funds obligations
 
1,168.6

 
5,013.9

Restricted long-term marketable securities held to satisfy client funds obligations
 
19,356.3

 
19,573.3

Total funds held for clients
 
$
21,393.2

 
$
29,434.2
Expected Maturities Of Available-For-Sale Securities
Expected maturities of available-for-sale securities at September 30, 2019 are as follows:
One year or less
$
4,713.6

One year to two years
6,040.5

Two years to three years
4,743.3

Three years to four years
3,726.7

After four years
5,421.9

Total available-for-sale securities
$
24,646.0