Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive (Loss)/Income

v3.6.0.2
Accumulated Other Comprehensive (Loss)/Income
 6 Months Ended
Nov. 30, 2016
Accumulated Other Comprehensive (Loss)/Income [Abstract]  
Accumulated Other Comprehensive (Loss)/Income

Note H: Accumulated Other Comprehensive (Loss)/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 (loss)/income in the Consolidated Balance Sheets.  The changes in accumulated other comprehensive (loss)/income are as follows:







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the three months ended,

 

For the six months ended



 

November 30,

 

November 30,

In millions

 

2016

 

2015

 

2016

 

2015

Beginning balance

 

$

 39.2 

 

$

 13.8 

 

$

 29.2 

 

$

 7.5 

Other comprehensive (loss)/income:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized (losses)/gains on available-for-sale
securities, net of tax

 

 

 (56.0)

 

 

 6.5 

 

 

 (46.0)

 

 

 12.8 

Total other comprehensive (loss)/ income, net of tax

 

 

 (56.0)

 

 

 6.5 

 

 

 (46.0)

 

 

 12.8 

Ending balance

 

$

 (16.8)

 

$

 20.3 

 

$

 (16.8)

 

$

 20.3 



 

 

 

 

 

 

 

 

 

 

 

 

Total tax (benefit)/expense included in other comprehensive income

 

$

 (32.0)

 

$

 3.8 

 

$

 (26.3)

 

$

 7.4 



Reclassification adjustments out of accumulated other comprehensive (loss)/income for realized gains and losses on the sale of available-for-sale securities were insignificant for the three and six months ended November 30, 2016 and 2015.  Those reclassification adjustments are reflected in interest on funds held for clients on the Consolidated Statements of Income and Comprehensive Income.