Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Tax From Continuing Operations Provision For Income Tax Components Disclosure

Earnings before income taxes shown below are based on the geographic location to which such earnings are attributable.

Years ended June 30,	2022		2021		2020
Earnings before income taxes:
United States	$	3,461.8	$	3,010.9	$	2,815.4
Foreign	342.3		350.3		367.2
	$	3,804.1	$	3,361.2	$	3,182.6

Schedule Of Components Of Provision (Benefit) For Income Taxes

The provision (benefit) for income taxes consists of the following components:

Years ended June 30,	2022		2021		2020
Current:
Federal	$	620.7	$	749.3	$	468.3
Foreign	97.5		121.9		119.5
State	100.4		142.6		102.3
Total current	818.6		1,013.8		690.1
Deferred:
Federal	20.7		(182.6)		23.7
Foreign	(12.9)		(19.1)		(5.4)
State	28.8		(49.4)		7.7
Total deferred	36.6		(251.1)		26.0
Total provision for income taxes	$	855.2	$	762.7	$	716.1

Reconciliation Between Federal Statutory Tax And Effective Tax Rate

A reconciliation between the Company's effective tax rate and the U.S. federal statutory rate is as follows:

Years ended June 30,	2022		%	2021		%	2020		%
Provision for taxes at U.S. statutory rate	$	798.9	21.0	$	705.9	21.0	$	668.4	21.0
Increase/(decrease) in provision from:
State taxes, net of federal tax benefit	91.8		2.4	67.2		2.0	85.6		2.7
Valuation allowance release on foreign tax credits	—		—	—		—	(20.3)		(0.6)
Foreign rate differential	41.3		1.1	34.0		1.0	44.9		1.4
Excess tax benefit - Stock-based compensation	(19.9)		(0.5)	(8.8)		(0.2)	(26.9)		(0.8)
Other	(56.9)		(1.5)	(35.6)		(1.1)	(35.6)		(1.2)
	$	855.2	22.5	$	762.7	22.7	$	716.1	22.5

Components Of Deferred Tax Assets And Liabilities

The significant components of deferred income tax assets and liabilities and their balance sheet classifications are as follows:

Years ended June 30,	2022		2021
Deferred tax assets:
Accrued expenses not currently deductible	$	212.1	$	244.2
Stock-based compensation expense	43.5		38.4
Foreign tax credits	5.9		21.3
Net operating losses	34.1		46.3
Prepaid royalty	33.7		—
Unrealized investment losses, net	407.2		—
Other	38.3		34.7
	774.8		384.9
Less: valuation allowances	(18.9)		(13.4)
Deferred tax assets, net	$	755.9	$	371.5
Deferred tax liabilities:
Deferred revenue	$	529.9	$	494.5
Fixed and intangible assets	6.5		119.4
Prepaid expenses	94.8		27.9
Prepaid retirement benefits	4.6		37.7
Unrealized investment gains, net	—		101.7
Tax on unrepatriated earnings	11.5		11.4
Other	18.2		13.6
Deferred tax liabilities	665.5		806.2
Net deferred tax (assets)/liabilities	$	(90.4)	$	434.7

Summary of Income Tax Contingencies

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

	2022		2021		2020
Unrecognized tax benefits at beginning of the year	$	99.9	$	62.3	$	54.2
Additions for tax positions	8.0		18.8		13.2
Additions for tax positions of prior periods	11.6		32.5		6.3
Reductions for tax positions of prior periods	(8.5)		(11.0)		(4.3)
Settlement with tax authorities	(2.0)		(1.3)		(4.0)
Expiration of the statute of limitations	(9.2)		(1.5)		(2.8)
Impact of foreign exchange rate fluctuations	(1.7)		0.1		(0.3)
Unrecognized tax benefit at end of year	$	98.1	$	99.9	$	62.3

Summary of Income Tax Examinations

Examinations in progress in which the Company has significant business operations are as follows:

Taxing Jurisdiction	Fiscal Years under Examination
Illinois	2019 - 2020
Arizona	2018 - 2020
Massachusetts	2013 - 2014, 2016 - 2018
New York State	2016 - 2018
New York City	2016 - 2018
India	2011, 2014 - 2020