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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 1,441.4 $ 2,083.5
Accounts receivable, net of allowance for doubtful accounts of $50.3 and $53.0, respectively 3,095.1 3,009.6
Other current assets 1,180.7 743.9
Total current assets before funds held for clients 5,717.2 5,837.0
Funds held for clients 34,762.9 36,333.6
Total current assets 40,480.1 42,170.6
Long-term receivables, net of allowance for doubtful accounts of $0.0 and $0.1, respectively 8.3 8.5
Property, plant and equipment, net 660.4 681.4
Operating lease right-of-use asset 380.5 402.4
Deferred contract costs 2,758.0 2,769.7
Other assets 1,352.0 1,255.4
Goodwill 2,352.5 2,339.4
Intangible assets, net 1,331.8 1,343.6
Total assets 49,323.6 50,971.0
Current liabilities:    
Accounts payable 67.4 96.8
Accrued expenses and other current liabilities 2,292.0 2,342.6
Accrued payroll and payroll-related expenses 554.2 941.4
Dividends payable 509.9 510.0
Short-term deferred revenues 182.8 188.6
Obligations under reverse repurchase agreements [1] 343.8 105.4
Income taxes payable 179.8 44.2
Total current liabilities before client funds obligations 4,129.9 4,229.0
Client funds obligations 37,098.8 38,538.6
Total current liabilities 41,228.7 42,767.6
Long-term debt 2,989.8 2,989.0
Operating lease liabilities 334.3 349.9
Other liabilities 893.0 933.7
Deferred income taxes 67.7 73.6
Long-term deferred revenues 337.3 348.1
Total liabilities 45,850.8 47,461.9
Commitments and contingencies (Note 13)
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 September 30, 2023 and June 30, 2023; outstanding, 411.7 and 412.1 shares at September 30, 2023 and June 30, 2023, respectively 63.9 63.9
Capital in excess of par value 2,188.7 2,102.3
Retained earnings 22,455.4 22,118.0
Treasury stock - at cost: 227.0 and 226.6 shares at September 30, 2023 and June 30, 2023, respectively (18,767.4) (18,469.3)
Accumulated other comprehensive (loss)/ income (2,467.8) (2,305.8)
Total stockholders’ equity 3,472.8 3,509.1
Total liabilities and stockholders’ equity $ 49,323.6 $ 50,971.0
[1] As of September 30, 2023, $131.9 million of short-term marketable securities, $211.2 million of long-term marketable securities and $0.7 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements. 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 (see Note 9)