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Revenue
 6 Months Ended
Dec. 31, 2022
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 EndedSix Months Ended
December 31,December 31,
Types of Revenues2022202120222021
HCM$1,861.8 $1,743.8 $3,672.8 $3,410.4 
HRO, excluding PEO zero-margin benefits pass-throughs853.9 758.7 1,631.2 1,438.0 
PEO zero-margin benefits pass-throughs944.2 863.9 1,890.0 1,703.4 
Global543.9 553.0 1,084.3 1,098.8 
Interest on funds held for clients187.2 106.0 328.3 207.1 
Total Revenues$4,391.0 $4,025.4 $8,606.6 $7,857.7 

Reconciliation of disaggregated revenue to our reportable segments for the three months ended December 31, 2022:
Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$1,864.1 $— $(2.3)$1,861.8 
HRO, excluding PEO zero-margin benefits pass-throughs298.4 557.4 (1.9)853.9 
PEO zero-margin benefits pass-throughs— 944.2 — 944.2 
Global543.9 — — 543.9 
Interest on funds held for clients185.5 1.7 — 187.2 
Total Segment Revenues$2,891.9 $1,503.3 $(4.2)$4,391.0 

Reconciliation of disaggregated revenue to our reportable segments for the three months ended December 31, 2021:
Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$1,745.7 $— $(1.9)$1,743.8 
HRO, excluding PEO zero-margin benefits pass-throughs267.8 493.7 (2.8)758.7 
PEO zero-margin benefits pass-throughs— 863.9 — 863.9 
Global553.0 — — 553.0 
Interest on funds held for clients104.8 1.2 — 106.0 
Total Segment Revenues$2,671.3 $1,358.8 $(4.7)$4,025.4 

Reconciliation of disaggregated revenue to our reportable segments for the six months ended December 31, 2022:
Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$3,677.4 $— $(4.6)$3,672.8 
HRO, excluding PEO zero-margin benefits pass-throughs595.2 1,039.7 (3.7)1,631.2 
PEO zero-margin benefits pass-throughs— 1,890.0 — 1,890.0 
Global1,084.3 — — 1,084.3 
Interest on funds held for clients325.3 3.0 — 328.3 
Total Segment Revenues$5,682.2 $2,932.7 $(8.3)$8,606.6 
Reconciliation of disaggregated revenue to our reportable segments for the six months ended December 31, 2021:
Types of RevenuesEmployer ServicesPEOOtherTotal
HCM$3,414.7 $— $(4.3)$3,410.4 
HRO, excluding PEO zero-margin benefits pass-throughs524.1 917.6 (3.7)1,438.0 
PEO zero-margin benefits pass-throughs— 1,703.4 — 1,703.4 
Global1,098.8 — — 1,098.8 
Interest on funds held for clients205.2 1.9 — 207.1 
Total Segment Revenues$5,242.8 $2,622.9 $(8.0)$7,857.7 


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 short-term deferred revenues related to set up fees for the six months ended December 31, 2022 were as follows:
Contract Liability
Contract liability, July 1, 2022$468.2 
Recognition of revenue included in beginning of year contract liability(33.5)
Contract liability, net of revenue recognized on contracts during the period28.8 
Currency translation adjustments(8.9)
Contract liability, December 31, 2022$454.6