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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 2,083.5 $ 1,436.3
Accounts receivable, net of allowance for doubtful accounts of $53.0 and $56.8, respectively 3,009.6 3,170.6
Other current assets 743.9 628.8
Total current assets before funds held for clients 5,837.0 5,235.7
Funds held for clients 36,333.6 49,569.2
Total current assets 42,170.6 54,804.9
Long-term receivables, net of allowance for doubtful accounts of $0.1 and $0.1, respectively 8.5 9.1
Property, plant and equipment, net 681.4 652.6
Operating lease right-of-use asset 402.4 450.9
Deferred contract costs 2,769.7 2,579.7
Other assets 1,255.4 937.4
Goodwill 2,339.4 2,300.5
Intangible assets, net 1,343.6 1,333.1
Total assets 50,971.0 63,068.2
Current liabilities:    
Accounts payable 96.8 110.2
Accrued expenses and other current liabilities 2,342.6 2,107.8
Accrued payroll and payroll-related expenses 941.4 862.6
Dividends payable 510.0 429.6
Short-term deferred revenues 188.6 188.2
Obligations under reverse repurchase agreements [1] 105.4 136.4
Income taxes payable 44.2 38.4
Total current liabilities before client funds obligations 4,229.0 3,873.2
Client funds obligations 38,538.6 51,285.5
Total current liabilities 42,767.6 55,158.7
Long-term debt 2,989.0 2,987.1
Operating lease liabilities 349.9 370.9
Other liabilities 933.7 924.2
Deferred income taxes 73.6 67.0
Long-term deferred revenues 348.1 335.0
Total liabilities 47,461.9 59,842.9
Commitments and Contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $1.00 par value: Authorized, 0.3 shares; issued, none 0.0 0.0
Common stock, $0.10 par value: authorized,1,000.0 shares; issued, 638.7 shares at June 30, 2023 and June 30, 2022; outstanding, 412.1 and 416.1 shares at June 30, 2023 and June 30, 2022, respectively 63.9 63.9
Capital in excess of par value 2,102.3 1,794.2
Retained earnings 22,118.0 20,696.3
Treasury stock - at cost: 226.6 and 222.7 shares at June 30, 2023 and June 30, 2022, respectively (18,469.3) (17,335.4)
Accumulated other comprehensive (loss)/income (2,305.8) (1,993.7)
Total stockholders’ equity 3,509.1 3,225.3
Total liabilities and stockholders’ equity $ 50,971.0 $ 63,068.2
[1] (A) As of June 30, 2023, $104.6 million of long-term marketable securities and $0.8 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements. As of June 30, 2022, $14.3 million of short-term marketable securities and $122.1 million of long-term marketable securities have been pledged as collateral under the Company's reverse repurchase agreements (see Note 8).