Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v3.5.0.2
Accumulated Other Comprehensive Income
 3 Months Ended
Aug. 31, 2016
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income

Note H: Accumulated Other Comprehensive Income



The change in unrealized gains and losses, net of applicable taxes, related to available-for-sale securities is the primary component reported in accumulated other comprehensive income in the Consolidated Balance Sheets.  The changes in accumulated other comprehensive income are as follows:







 

 

 

 

 

 



 

 

 

 

 

 



 

For the three months ended



 

August 31,

In millions

 

2016

 

2015

Beginning balance

 

$

 29.2 

 

$

 7.5 

Other comprehensive income:

 

 

 

 

 

 

Unrealized gains on available-for-sale securities, net of tax

 

 

 10.0 

 

 

 6.3 

Total other comprehensive income, net of tax

 

 

 10.0 

 

 

 6.3 

Ending balance

 

$

 39.2 

 

$

 13.8 



 

 

 

 

 

 

Total tax expense included in other comprehensive income

 

$

 5.7 

 

$

 3.6 



Reclassification adjustments out of accumulated other comprehensive income for realized gains on the sale of available-for-sale securities were insignificant for both the three months ended August 31, 2016 and 2015.  Those reclassification adjustments are reflected in interest on funds held for clients on the Consolidated Statements of Income and Comprehensive Income.