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Revenue
9 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Based upon similar operational and economic characteristics, the Company’s revenues are disaggregated by its three strategic pillars: Human Capital Management (“HCM”), HR Outsourcing (“HRO”), and Global (“Global”) Solutions, with separate disaggregation for PEO zero-margin benefits pass-through revenues and client funds interest revenues. The Company believes these revenue categories depict how the nature, amount, timing, and uncertainty of its revenue and cash flows are affected by economic factors.

The following tables provide details of revenue by our strategic pillars, and include a reconciliation to the Company’s reportable segments:
Three Months EndedNine Months Ended
March 31,March 31,
Types of Revenues2021202020212020
HCM$1,851.3 $1,858.3 $5,006.7 $5,074.8 
HRO, excluding PEO zero-margin benefits pass-throughs791.5 742.4 2,042.6 1,983.6 
PEO zero-margin benefits pass-throughs784.7 747.9 2,291.7 2,169.4 
Global567.1 540.3 1,608.2 1,554.8 
Interest on funds held for clients107.4 158.9 319.2 430.4 
Total Revenues$4,102.0 $4,047.8 $11,268.4 $11,213.0 
Reconciliation of disaggregated revenue to our reportable segments for the three months ended March 31, 2021:

Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$1,852.6 $— $(1.3)$1,851.3 
HRO, excluding PEO zero-margin benefits pass-throughs253.6 538.7 (0.8)791.5 
PEO zero-margin benefits pass-throughs— 784.7 — 784.7 
Global567.1 — — 567.1 
Interest on funds held for clients106.7 0.7 — 107.4 
Total Segment Revenues$2,780.0 $1,324.1 $(2.1)$4,102.0 

Reconciliation of disaggregated revenue to our reportable segments for the three months ended March 31, 2020:

Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$1,859.8 $— $(1.5)$1,858.3 
HRO, excluding PEO zero-margin benefits pass-throughs254.1 489.0 (0.7)742.4 
PEO zero-margin benefits pass-throughs— 747.9 — 747.9 
Global540.3 — — 540.3 
Interest on funds held for clients157.5 1.4 — 158.9 
Total Segment Revenues$2,811.7 $1,238.3 $(2.2)$4,047.8 

Reconciliation of disaggregated revenue to our reportable segments for the nine months ended March 31, 2021:

Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$5,010.1 $— $(3.4)$5,006.7 
HRO, excluding PEO zero-margin benefits pass-throughs732.9 1,311.4 (1.7)2,042.6 
PEO zero-margin benefits pass-throughs— 2,291.7 — 2,291.7 
Global1,608.2 — — 1,608.2 
Interest on funds held for clients316.2 3.0 — 319.2 
Total Segment Revenues$7,667.4 $3,606.1 $(5.1)$11,268.4 

Reconciliation of disaggregated revenue to our reportable segments for the nine months ended March 31, 2020:

Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$5,079.6 $— $(4.8)$5,074.8 
HRO, excluding PEO zero-margin benefits pass-throughs729.7 1,256.5 (2.6)1,983.6 
PEO zero-margin benefits pass-throughs— 2,169.4 — 2,169.4 
Global1,554.8 — — 1,554.8 
Interest on funds held for clients426.5 3.9 — 430.4 
Total Segment Revenues$7,790.6 $3,429.8 $(7.4)$11,213.0 

Contract Balances

The timing of revenue recognition for HCM, HRO and Global Solutions is consistent with the invoicing of clients, as invoicing occurs in the period the services are provided. Therefore, the Company does not recognize a contract asset or liability resulting from the timing of revenue recognition and invoicing.
Changes in deferred revenue related to set up fees for the nine months ended March 31, 2021 were as follows:
Contract Liability
Contract liability, July 1, 2020$522.7 
Recognition of revenue included in beginning of year contract liability(125.8)
Contract liability, net of revenue recognized on contracts during the period100.5 
Currency translation adjustments22.7 
Contract liability, March 31, 2021$520.1