Paychex, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Short-term Financing (Tables)

Short-term Financing (Tables)

3 Months Ended

Aug. 31, 2016

Line of Credit [Member]

Line of Credit Facility [Line Items]

Lines of Credit Facility Amount Available or Amount Borrowed



Financial institution		Amount available		Expiration date
JP Morgan Chase Bank, N.A.		$350 million		February 27, 2017
Bank of America, N.A.		$250 million		February 28, 2017
PNC Bank, National Association		$150 million		February 27, 2017
Wells Fargo Bank, National Association		$150 million		February 27, 2017

Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Lines of Credit Facility Amount Available or Amount Borrowed


		For the three months ended
		August 31,
$ in millions		2016				2015
Number of days borrowed			4				1
Maximum amount borrowed		$	350.0			$	200.0
Weighted-average amount borrowed		$	237.5			$	200.0
Weighted-average interest rate			3.50	%			3.25	%

PNC Bank, National Association [Member] | Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Lines of Credit Facility Amount Available or Amount Borrowed


	For the three months ended
	August 31,
$ in millions		2016
Weighted-average number of days borrowed		84
Maximum amount borrowed	$	51.3
Weighted-average amount borrowed	$	51.3
Weighted-average interest rate		1.01	%