XML 84 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 1,705.0 $ 1,949.2
Short-term marketable securities 3.2 10.5
Accounts receivable, net of allowance for doubtful accounts of $84.8 and $54.9, respectively 2,620.6 2,439.3
Other current assets 545.5 509.1
Total current assets before funds held for clients 4,874.3 4,908.1
Funds held for clients 30,834.4 29,434.2
Total current assets 35,708.7 34,342.3
Long-term receivables, net of allowance for doubtful accounts of $0.6 and $0.4, respectively 21.6 23.8
Property, plant and equipment, net 743.1 764.2
Operating lease right-of-use asset 521.1 0.0
Deferred contract costs 2,403.0 2,428.5
Other assets 579.9 934.4
Goodwill 2,299.3 2,323.0
Intangible assets, net 1,106.7 1,071.5
Total assets 43,383.4 41,887.7
Current liabilities:    
Accounts payable 115.5 125.5
Accrued expenses and other current liabilities 1,978.7 1,759.0
Accrued payroll and payroll-related expenses 564.0 721.1
Dividends payable 387.9 340.1
Short-term deferred revenues 215.8 220.7
Obligations under reverse repurchase agreements (A) [1] 0.0 262.0
Short-term debt 1,001.8 0.0
Income taxes payable 50.1 54.8
Total current liabilities before client funds obligations 4,313.8 3,483.2
Client funds obligations 30,359.0 29,144.5
Total current liabilities 34,672.8 32,627.7
Long-term debt 1,002.8 2,002.2
Operating lease liabilities 361.2 0.0
Other liabilities 745.6 798.7
Deferred income taxes 732.2 659.9
Long-term deferred revenues 378.1 399.3
Total liabilities 37,892.7 36,487.8
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, $1.00 par value: authorized, 0.3 shares; issued, none 0.0 0.0
Common stock, $0.10 par value: authorized, 1,000.0 shares; issued, 638.7 shares at March 31, 2020 and June 30, 2019; outstanding, 429.8 and 434.2 shares at March 31, 2020 and June 30, 2019, respectively 63.9 63.9
Capital in excess of par value 1,315.1 1,183.2
Retained earnings 18,416.5 17,500.6
Treasury stock - at cost: 208.9 and 204.5 shares at March 31, 2020 and June 30, 2019, respectively (14,070.4) (13,090.5)
Accumulated other comprehensive loss (234.4) (257.3)
Total stockholders’ equity 5,490.7 5,399.9
Total liabilities and stockholders’ equity $ 43,383.4 $ 41,887.7
Preferred stock, par value (in US$ per share) $ 1.00 $ 1.00
Preferred stock, shares authorized (in shares) 300,000 300,000
Preferred stock, shares issued (in shares) 0 0
Common stock, shares issued (in shares) 638,700,000 638,700,000
Common stock, par value (in US$ per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 1,000,000,000.0 1,000,000,000.0
[1] (A) As of June 30, 2019, $261.4 million of long-term marketable securities and $0.6 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements. Refer to Note 9