Revenue (Tables)

12 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide details of revenue by our strategic pillars and includes a reconciliation to the Company’s reportable segments. The Company made changes to certain allocation methodologies in both the current period and the prior period in the tables below which did not materially affect our reporting of revenues by strategic pillar:

	Years Ended
	June 30,
Types of Revenues	2022		2021		2020
HCM	$	7,174.9	$	6,655.2	$	6,563.5
HRO, excluding PEO zero-margin benefits pass-throughs	3,116.3		2,690.9		2,538.9
PEO zero-margin benefits pass-throughs	3,514.4		3,092.0		2,907.7
Global	2,240.9		2,144.9		2,034.5
Interest on funds held for clients	451.8		422.4		545.2
Total Revenues	$	16,498.3	$	15,005.4	$	14,589.8

Reconciliation of disaggregated revenue to our reportable segments for the fiscal year ended June 30, 2022:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	7,183.1	$	—	$	(8.2)	$	7,174.9
HRO, excluding PEO zero-margin benefits pass-throughs	1,096.1		2,027.1		(6.9)		3,116.3
PEO zero-margin benefits pass-throughs	—		3,514.4		—		3,514.4
Global	2,240.9		—		—		2,240.9
Interest on funds held for clients	447.6		4.2		—		451.8
Total Segment Revenues	$	10,967.7	$	5,545.7	$	(15.1)	$	16,498.3

Reconciliation of disaggregated revenue to our reportable segments for the fiscal year ended June 30, 2021:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	6,660.7	$	—	$	(5.5)	$	6,655.2
HRO, excluding PEO zero-margin benefits pass-throughs	971.1		1,722.4		(2.6)		2,690.9
PEO zero-margin benefits pass-throughs	—		3,092.0		—		3,092.0
Global	2,144.9		—		—		2,144.9
Interest on funds held for clients	418.5		3.9		—		422.4
Total Segment Revenues	$	10,195.2	$	4,818.3	$	(8.1)	$	15,005.4

Reconciliation of disaggregated revenue to our reportable segments for the fiscal year ended June 30, 2020:

Types of Revenues	Employer Services		PEO		Other		Total
HCM	$	6,569.0	$	—	$	(5.5)	$	6,563.5
HRO, excluding PEO zero-margin benefits pass-throughs	941.8		1,599.9		(2.8)		2,538.9
PEO zero-margin benefits pass-throughs	—		2,907.7		—		2,907.7
Global	2,034.5		—		—		2,034.5
Interest on funds held for clients	541.3		3.9		—		545.2
Total Segment Revenues	$	10,086.6	$	4,511.5	$	(8.3)	$	14,589.8

Contract with Customer, Asset and Liability

Contract Balances

The timing of revenue recognition for our 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 fiscal year ended June 30, 2022 were as follows:

Contract Liability
Contract liability, July 1, 2021	$	516.1
Recognition of revenue included in beginning of year contract liability	(147.6)
Contract liability, net of revenue recognized on contracts during the period	133.0
Currency translation adjustments	(33.3)
Contract liability, June 30, 2022	$	468.2

Capitalized Contract Cost

Deferred costs

The balance is as follows:

June 30,	2022		2021
Deferred costs to obtain a contract	$	1,144.8	$	1,055.7
Deferred costs to fulfill a contract	1,434.9		1,442.5
Total deferred contract costs (1)	$	2,579.7	$	2,498.2

(1) The amount of total deferred costs amortized during the fiscal years ended June 30, 2022, June 30, 2021, and June 30, 2020 were $955.2 million, $935.3 million, and $915.0 million, respectively.

Deferred costs are periodically reviewed for impairment. There were no impairment losses incurred during the period.