Income Taxes (Tables)

12 Months Ended

Jun. 30, 2023

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,	2023		2022		2021
Earnings before income taxes:
United States	$	4,091.4	$	3,461.8	$	3,010.9
Foreign	346.2		342.3		350.3
	$	4,437.6	$	3,804.1	$	3,361.2

Schedule Of Components Of Provision (Benefit) For Income Taxes

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

Years ended June 30,	2023		2022		2021
Current:
Federal	$	840.0	$	620.7	$	749.3
Foreign	104.6		97.5		121.9
State	161.1		100.4		142.6
Total current	1,105.7		818.6		1,013.8
Deferred:
Federal	(77.4)		20.7		(182.6)
Foreign	4.3		(12.9)		(19.1)
State	(7.0)		28.8		(49.4)
Total deferred	(80.1)		36.6		(251.1)
Total provision for income taxes	$	1,025.6	$	855.2	$	762.7

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,	2023		%	2022		%	2021		%
Provision for taxes at U.S. statutory rate	$	931.9	21.0	$	798.9	21.0	$	705.9	21.0
Increase/(decrease) in provision from:
State taxes, net of federal tax benefit	111.2		2.5	91.8		2.4	67.2		2.0
Foreign rate differential	33.1		0.7	41.3		1.1	34.0		1.0
Excess tax benefit - Stock-based compensation	(19.0)		(0.4)	(19.9)		(0.5)	(8.8)		(0.2)
Other	(31.6)		(0.7)	(56.9)		(1.5)	(35.6)		(1.1)
	$	1,025.6	23.1	$	855.2	22.5	$	762.7	22.7

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,	2023		2022
Deferred tax assets:
Accrued expenses not currently deductible	$	209.5	$	212.1
Stock-based compensation expense	48.8		43.5
Foreign tax credits	13.3		5.9
Fixed and intangible assets	108.2		—
Net operating losses	37.5		34.1
Prepaid royalty	18.0		33.7
Unrealized investment losses, net	519.5		407.2
Other	39.9		38.3
	994.7		774.8
Less: valuation allowances	(18.6)		(18.9)
Deferred tax assets, net	$	976.1	$	755.9
Deferred tax liabilities:
Deferred revenue	$	578.1	$	529.9
Fixed and intangible assets	—		6.5
Prepaid expenses	78.9		94.8
Prepaid retirement benefits	30.8		4.6
Tax on unrepatriated earnings	10.1		11.5
Other	20.7		18.2
Deferred tax liabilities	718.6		665.5
Net deferred tax (assets)/liabilities	$	(257.5)	$	(90.4)

Summary of Income Tax Contingencies

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

	2023		2022		2021
Unrecognized tax benefits at beginning of the year	$	98.1	$	99.9	$	62.3
Additions for tax positions	11.3		8.0		18.8
Additions for tax positions of prior periods	16.8		11.6		32.5
Reductions for tax positions of prior periods	(5.0)		(8.5)		(11.0)
Settlement with tax authorities	(1.8)		(2.0)		(1.3)
Expiration of the statute of limitations	(1.0)		(9.2)		(1.5)
Impact of foreign exchange rate fluctuations	(1.5)		(1.7)		0.1
Unrecognized tax benefit at end of year	$	116.9	$	98.1	$	99.9

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
U.S. (IRS)	2023
Arizona	2016 - 2020
Illinois	2019 - 2020
Massachusetts	2016 - 2020
New York City	2016 - 2021
New York State	2016 - 2019
India	2014 - 2018, 2020 - 2021