Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive (Loss)/Income

v3.10.0.1
Accumulated Other Comprehensive (Loss)/Income
 12 Months Ended
May 31, 2018
Accumulated Other Comprehensive (Loss)/Income [Abstract]  
Accumulated Other Comprehensive (Loss)/ Income

Note L — Accumulated Other Comprehensive (Loss)/Income

The change in unrealized gains and losses, net of applicable taxes, related to investments in available-for-sale securities and foreign currency translation adjustments are the primary components reported in accumulated other comprehensive (loss)/ income in the Company’s Consolidated Balance Sheets. The changes in accumulated other comprehensive (loss)/income are as follows:







 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Year ended May 31,

In millions

 

2018

 

2017

 

2016

Beginning balance

 

$

 20.0 

 

$

 29.2 

 

$

 7.5 

Other comprehensive (loss)/income:

 

 

 

 

 

 

 

 

 

Unrealized holding (losses)/gains

 

 

 (70.2)

 

 

 (14.7)

 

 

 34.2 

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

 

 

 22.6 

 

 

 5.6 

 

 

 (12.4)

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

 

 

 —

 

 

 (0.1)

 

 

 (0.1)

Foreign currency translation adjustment

 

 

 (8.6)

 

 

 —

 

 

 —

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

 

 

 (56.2)

 

 

 (9.2)

 

 

 21.7 

Ending balance

 

$

 (36.2)

 

$

 20.0 

 

$

 29.2 



 

 

 

 

 

 

 

 

 

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

 

$

 (22.6)

 

$

 (5.6)

 

$

 12.4 



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.