XML 54 R28.htm IDEA: XBRL DOCUMENT v3.21.2
Corporate Investments and Funds Held For Clients (Tables)
 3 Months Ended
Sep. 30, 2021
Corporate Investments And Funds Held For Clients [Abstract]  
Debt Securities, Available-for-sale
Corporate investments and funds held for clients at September 30, 2021 and June 30, 2021 were as follows:
 September 30, 2021
Amortized
Cost		Gross
Unrealized
 Gains		Gross
Unrealized
Losses		 Fair Market Value (A)
Type of issue:   
Money market securities, cash and other cash equivalents$23,192.3 $— $— $23,192.3 
Available-for-sale securities:
Corporate bonds12,803.0 275.7 (62.5)13,016.2 
U.S. Treasury securities4,053.9 52.9 (14.6)4,092.2 
Asset-backed securities2,259.1 49.9 (2.1)2,306.9 
Canadian government obligations and Canadian government agency obligations
1,559.7 12.0 (11.8)1,559.9 
U.S. government agency securities1,466.4 17.9 (12.4)1,471.9 
Canadian provincial bonds871.4 19.0 (6.5)883.9 
Commercial mortgage-backed securities837.7 36.0 (0.6)873.1 
Other securities1,069.7 26.6 (7.7)1,088.6 
Total available-for-sale securities24,920.9 490.0 (118.2)25,292.7 
Total corporate investments and funds held for clients$48,113.2 $490.0 $(118.2)$48,485.0 
(A) Included within available-for-sale securities are corporate investments with fair values of $74.3 million and funds held for clients with fair values of $25,218.4 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy.
 June 30, 2021
Amortized 
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Market Value (B)
Type of issue:    
Money market securities, cash and other cash equivalents$13,143.2 $— $— $13,143.2 
Available-for-sale securities: 
Corporate bonds11,732.3 321.9 (38.5)12,015.7 
U.S. Treasury securities4,036.9 64.8 (9.3)4,092.4 
Asset-backed securities2,279.8 60.9 (0.9)2,339.8 
Canadian government obligations and Canadian government agency obligations
1,542.3 15.0 (9.0)1,548.3 
U.S. government agency securities1,446.3 22.5 (9.4)1,459.4 
Canadian provincial bonds956.3 22.7 (5.3)973.7 
Commercial mortgage-backed securities793.4 41.2 — 834.6 
Other securities1,082.2 30.9 (5.3)1,107.8 
Total available-for-sale securities23,869.5 579.9 (77.7)24,371.7 
Total corporate investments and funds held for clients$37,012.7 $579.9 $(77.7)$37,514.9 
(B) Included within available-for-sale securities are corporate investments with fair values of $33.9 million and funds held for clients with fair values of $24,337.8 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy.
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value
The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of September 30, 2021, are as follows: 
September 30, 2021
Securities in Unrealized Loss Position Less Than 12 MonthsSecurities in Unrealized Loss Position Greater Than 12 MonthsTotal
Gross
Unrealized
Losses		Fair Market
Value		Gross
Unrealized
Losses		Fair Market
Value 		Gross
Unrealized
Losses		Fair
Market Value
Corporate bonds$(60.7)$5,522.8 $(1.8)$50.5 $(62.5)$5,573.3 
U.S. Treasury securities(14.6)1,515.5 — — (14.6)1,515.5 
Asset-backed securities(2.1)280.6 — — (2.1)280.6 
Canadian government obligations and Canadian government agency obligations
(11.8)944.4 — — (11.8)944.4 
U.S. government agency securities(7.1)496.3 (5.3)315.2 (12.4)811.5 
Canadian provincial bonds(6.5)299.5 — — (6.5)299.5 
Commercial mortgage-backed securities(0.6)86.6 — — (0.6)86.6 
Other securities(7.6)351.9 (0.1)1.9 (7.7)353.8 
 $(111.0)$9,497.6 $(7.2)$367.6 $(118.2)$9,865.2 

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, 2021, are as follows:
June 30, 2021
Securities in Unrealized Loss Position Less Than 12 MonthsSecurities in Unrealized Loss Position Greater Than 12 MonthsTotal
Gross
Unrealized
Losses		Fair Market
Value		Gross
Unrealized
Losses		Fair Market
Value 		Gross
Unrealized
Losses		Fair
Market Value
Corporate bonds$(38.5)$3,539.6 $— $— $(38.5)$3,539.6 
U.S. Treasury securities(9.3)580.9 — — (9.3)580.9 
Asset-backed securities(0.9)160.9 — — (0.9)160.9 
Canadian government obligations and Canadian government agency obligations
(9.0)721.3 — — (9.0)721.3 
U.S. government agency securities(9.4)749.7 — — (9.4)749.7 
Canadian provincial bonds(5.3)253.7 — — (5.3)253.7 
Commercial mortgage-backed securities— 16.7 — — — 16.7 
Other securities(5.2)308.5 (0.1)1.9 (5.3)310.4 
 $(77.6)$6,331.3 $(0.1)$1.9 $(77.7)$6,333.2 
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,
20212021
Corporate investments:  
Cash and cash equivalents$1,602.1 $2,575.2 
Short-term marketable securities (a)74.3 10.4 
Long-term marketable securities (b)— 23.5 
Total corporate investments$1,676.4 $2,609.1 
 
(a) - Short-term marketable securities are included within Other current assets on the Consolidated Balance Sheets.
(b) - 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,
20212021
Funds held for clients:  
Restricted cash and cash equivalents held to satisfy client funds obligations$21,590.2 $10,568.0 
Restricted short-term marketable securities held to satisfy client funds obligations4,044.5 3,743.3 
Restricted long-term marketable securities held to satisfy client funds obligations21,173.9 20,594.5 
Total funds held for clients$46,808.6 $34,905.8 
Expected Maturities Of Available-For-Sale Securities Expected maturities of available-for-sale securities at September 30, 2021 are as follows:
One year or less$4,118.8 
One year to two years3,657.9 
Two years to three years2,933.0 
Three years to four years4,626.3 
After four years9,956.7 
Total available-for-sale securities$25,292.7