Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income

v3.7.0.1
Accumulated Other Comprehensive Income
12 Months Ended
May 31, 2017
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income

Note K — Accumulated Other Comprehensive Income

The change in unrealized gains and losses, net of applicable taxes, related to investments in 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:







 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Year ended May 31,

In millions

 

2017

 

2016

 

2015

Beginning balance

 

$

29.2 

 

$

7.5 

 

$

21.5 

Other comprehensive (loss)/income:

 

 

 

 

 

 

 

 

 

Unrealized holding (losses)/gains

 

 

(14.7)

 

 

34.2 

 

 

(21.5)

Income tax benefit/(expense) related to unrealized holding (losses)/gains

 

 

5.6 

 

 

(12.4)

 

 

7.7 

Reclassification adjustment for the net gain on sale of available-for-sale
   securities realized in net income

 

 

(0.1)

 

 

(0.1)

 

 

(0.3)

Income tax expense on reclassification adjustment for the net gain on
   sale of available-for-sale securities

 

 

 —

 

 

 —

 

 

0.1 

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

 

 

(9.2)

 

 

21.7 

 

 

(14.0)

Ending balance

 

$

20.0 

 

$

29.2 

 

$

7.5 



 

 

 

 

 

 

 

 

 

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

 

$

(5.6)

 

$

12.4 

 

$

(7.8)



Reclassification adjustments out of accumulated other comprehensive income are for realized gains on the sales of available-for-sale securities and impacted interest on funds held for clients on the Consolidated Statements of Income and Comprehensive Income.