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Corporate Investments and Funds Held For Clients (Tables)
9 Months Ended
Mar. 31, 2022
Corporate Investments And Funds Held For Clients [Abstract]  
Debt Securities, Available-for-sale
Corporate investments and funds held for clients at March 31, 2022 and June 30, 2021 were as follows:
 March 31, 2022
Amortized
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
 Fair Market Value (A)
Type of issue:   
Money market securities, cash and other cash equivalents$31,730.6 $— $— $31,730.6 
Available-for-sale securities:
Corporate bonds15,909.4 38.1 (685.5)15,262.0 
U.S. Treasury securities4,573.2 8.2 (134.9)4,446.5 
Asset-backed securities2,015.1 6.8 (36.2)1,985.7 
Canadian government obligations and Canadian government agency obligations
1,913.0 0.7 (84.6)1,829.1 
U.S. government agency securities1,750.5 0.9 (91.8)1,659.6 
Canadian provincial bonds1,006.2 1.5 (40.1)967.6 
Commercial mortgage-backed securities874.2 4.7 (16.1)862.8 
Other securities1,277.6 3.9 (44.0)1,237.5 
Total available-for-sale securities29,319.2 64.8 (1,133.2)28,250.8 
Total corporate investments and funds held for clients$61,049.8 $64.8 $(1,133.2)$59,981.4 
(A) Included within available-for-sale securities are corporate investments with fair values of $27.6 million and funds held for clients with fair values of $28,223.2 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 $24,337.8 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy.
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value
The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of March 31, 2022, are as follows: 
March 31, 2022
Securities in Unrealized Loss Position Less Than 12 MonthsSecurities in Unrealized Loss Position Greater Than 12 MonthsTotal
Gross
Unrealized
Losses
Fair Market
Value
Gross
Unrealized
Losses
Fair Market
Value
Gross
Unrealized
Losses
Fair
Market Value
Corporate bonds$(489.9)$9,213.9 $(195.6)$2,351.9 $(685.5)$11,565.8 
U.S. Treasury securities(96.3)2,432.3 (38.6)471.1 (134.9)2,903.4 
Asset-backed securities(31.7)881.3 (4.5)54.6 (36.2)935.9 
Canadian government obligations and Canadian government agency obligations
(74.3)1,485.3 (10.3)116.7 (84.6)1,602.0 
U.S. government agency securities(39.4)806.9 (52.4)706.3 (91.8)1,513.2 
Canadian provincial bonds(27.3)636.7 (12.8)139.5 (40.1)776.2 
Commercial mortgage-backed securities(16.1)540.9 — — (16.1)540.9 
Other securities(28.1)560.8 (15.9)191.7 (44.0)752.5 
 $(803.1)$16,558.1 $(330.1)$4,031.8 $(1,133.2)$20,589.9 
The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2021, are as follows:
June 30, 2021
Securities in Unrealized Loss Position Less Than 12 MonthsSecurities in Unrealized Loss Position Greater Than 12 MonthsTotal
Gross
Unrealized
Losses
Fair Market
Value
Gross
Unrealized
Losses
Fair Market
Value
Gross
Unrealized
Losses
Fair
Market Value
Corporate bonds$(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:
March 31,June 30,
20222021
Corporate investments:  
Cash and cash equivalents$1,634.2 $2,575.2 
Short-term marketable securities (a)27.6 10.4 
Long-term marketable securities (b)— 23.5 
Total corporate investments$1,661.8 $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:
March 31,June 30,
20222021
Funds held for clients:  
Restricted cash and cash equivalents held to satisfy client funds obligations$30,096.4 $10,568.0 
Restricted short-term marketable securities held to satisfy client funds obligations4,337.5 3,743.3 
Restricted long-term marketable securities held to satisfy client funds obligations23,885.7 20,594.5 
Total funds held for clients$58,319.6 $34,905.8 
Expected Maturities Of Available-For-Sale Securities Expected maturities of available-for-sale securities at March 31, 2022 are as follows:
One year or less$4,365.1 
One year to two years2,922.2 
Two years to three years3,620.9 
Three years to four years6,780.0 
After four years10,562.6 
Total available-for-sale securities$28,250.8