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Corporate Investments And Funds Held For Clients (Tables)
12 Months Ended
Jun. 30, 2023
Corporate Investments And Funds Held For Clients [Abstract]  
Debt Securities, Available-for-sale
Corporate investments and funds held for clients at June 30, 2023 and 2022 were as follows:
 
 June 30, 2023
Amortized
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
 Fair Value (A)
Type of issue:   
Money market securities, cash and other cash equivalents$8,771.5 $— $— $8,771.5 
Available-for-sale securities:    
Corporate bonds15,870.7 4.7 (1,308.3)14,567.1 
U.S. Treasury securities8,054.7 0.7 (290.4)7,765.0 
Canadian government obligations and
Canadian government agency obligations
2,070.4 — (145.0)1,925.4 
U.S. government agency securities1,670.0 0.2 (179.8)1,490.4 
Asset-backed securities1,234.7 — (69.7)1,165.0 
Canadian provincial bonds1,000.5 0.2 (78.1)922.6 
Commercial mortgage-backed securities679.2 — (46.7)632.5 
Other securities1,391.6 1.7 (96.4)1,296.9 
Total available-for-sale securities31,971.8 7.5 (2,214.4)29,764.9 
Total corporate investments and funds held for clients$40,743.3 $7.5 $(2,214.4)$38,536.4 

(A) Included within available-for-sale securities are corporate investments with fair values of $119.3 million and funds held for clients with fair values of $29,645.6 million. All available-for-sale securities are included in Level 2 of the fair value hierarchy.
 June 30, 2022
Amortized 
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value (B)
Type of issue:    
Money market securities, cash and other cash equivalents$22,783.0 $— $— $22,783.0 
Available-for-sale securities:    
Corporate bonds16,183.1 3.9 (1,083.0)15,104.0 
U.S. Treasury securities
5,003.6 2.2 (171.1)4,834.7 
Asset-backed securities1,995.7 0.5 (58.8)1,937.4 
Canadian government obligations and
Canadian government agency obligations
2,022.9 0.1 (123.5)1,899.5 
U.S. government agency securities1,728.2 0.1 (138.2)1,590.1 
Canadian provincial bonds994.3 0.4 (62.7)932.0 
Commercial mortgage-backed securities858.7 0.3 (29.9)829.1 
Other securities1,326.5 2.2 (63.9)1,264.8 
Total available-for-sale securities30,113.0 9.7 (1,731.1)28,391.6 
Total corporate investments and funds held for clients$52,896.0 $9.7 $(1,731.1)$51,174.6 
(B) Included within available-for-sale securities are corporate investments with fair values of $169.1 million and funds held for clients with fair values of $28,222.5 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 June 30, 2023, are as follows:
 
June 30, 2023
Securities in unrealized loss position less than
12 months
Securities 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$(62.0)$2,255.9 $(1,246.3)$12,050.5 $(1,308.3)$14,306.4 
U.S. Treasury securities(85.5)4,629.4 (204.9)2,876.3 (290.4)7,505.7 
Canadian government obligations and
Canadian government agency obligations
(5.8)333.9 (139.2)1,588.0 (145.0)1,921.9 
U.S. government agency securities
(0.6)28.2 (179.2)1,432.2 (179.8)1,460.4 
Asset-backed securities(2.0)159.7 (67.7)975.6 (69.7)1,135.3 
Canadian provincial bonds(2.7)127.0 (75.4)757.3 (78.1)884.3 
Commercial mortgage-backed securities(6.7)126.9 (40.0)505.6 (46.7)632.5 
Other securities(14.5)574.0 (81.9)629.0 (96.4)1,203.0 
 $(179.8)$8,235.0 $(2,034.6)$20,814.5 $(2,214.4)$29,049.5 

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, 2022 are as follows: 
June 30, 2022
Securities in unrealized loss position less than
12 months
Securities 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$(824.0)$11,525.4 $(259.0)$2,356.7 $(1,083.0)$13,882.1 
U.S. Treasury securities
(126.4)2,919.6 (44.7)464.6 (171.1)3,384.2 
Asset-backed securities(52.6)1,444.9 (6.2)59.9 (58.8)1,504.8 
Canadian government obligations and
Canadian government agency obligations
(110.0)1,782.6 (13.5)113.3 (123.5)1,895.9 
U.S. government agency securities
(75.3)859.3 (62.9)695.6 (138.2)1,554.9 
Canadian provincial bonds(45.4)726.9 (17.3)133.2 (62.7)860.1 
Commercial mortgage-backed securities(29.5)802.8 (0.4)4.3 (29.9)807.1 
Other securities(42.6)737.3 (21.3)178.2 (63.9)915.5 
 $(1,305.8)$20,798.8 $(425.3)$4,005.8 $(1,731.1)$24,804.6 
Classification Of Corporate Investments On The Consolidated Balance Sheets
Classification of corporate investments on the Consolidated Balance Sheets is as follows:
June 30,20232022
Corporate investments:  
Cash and cash equivalents$2,083.5 $1,436.3 
Short-term marketable securities (a)14.7 47.0 
Long-term marketable securities (b)104.6 122.1 
Total corporate investments$2,202.8 $1,605.4 
 
(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:
June 30,20232022
Funds held for clients:  
Restricted cash and cash equivalents held to satisfy client funds obligations$6,688.0 $21,346.7 
Restricted short-term marketable securities held to satisfy client funds obligations5,601.9 4,263.1 
Restricted long-term marketable securities held to satisfy client funds obligations24,043.7 23,959.4 
Total funds held for clients$36,333.6 $49,569.2 
Expected Maturities Of Available-For-Sale Securities Expected maturities of available-for-sale securities at June 30, 2023 are as follows:
One year or less$5,616.6 
One year to two years5,802.6 
Two years to three years7,038.6 
Three years to four years4,314.7 
After four years6,992.4 
Total available-for-sale securities$29,764.9