Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity

v3.20.2
Consolidated Statements of Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income [Member]
Total
Beginning balance, Shares at May. 31, 2019 359.3        
Beginning balance at May. 31, 2019 $ 3.6 $ 1,206.3 $ 1,409.5 $ 0.1 $ 2,619.5
Net income     264.2   264.2
Unrealized gains on securities, net of tax expense       26.1 26.1
Reclassification adjustment for realized gains on securities, net of tax expense [1]       (0.7) (0.7)
Cash dividends declared     (222.0)   (222.0)
Repurchases of common shares, Shares [2] (2.0)        
Repurchases of common shares [2]   (3.7) (168.2)   (171.9)
Stock-based compensation costs   10.5     10.5
Foreign currency translation adjustment       1.0 1.0
Activity related to equity-based plans, Shares 0.6        
Activity related to equity-based plans   10.9 (18.3)   (7.4)
Ending balance, Shares at Aug. 31, 2019 357.9        
Ending balance at Aug. 31, 2019 $ 3.6 1,224.0 1,265.2 26.5 $ 2,519.3
Beginning balance, Shares at May. 31, 2020 358.8       358.8
Beginning balance at May. 31, 2020 $ 3.6 1,289.9 1,431.4 56.5 $ 2,781.4
Net income     211.6   211.6
Unrealized gains on securities, net of tax expense       13.0 13.0
Reclassification adjustment for realized gains on securities, net of tax expense [1]       (0.2) (0.2)
Cash dividends declared     (223.2)   (223.2)
Repurchases of common shares, Shares [2] (0.4)        
Repurchases of common shares [2]   (0.7) (28.1)   (28.8)
Stock-based compensation costs   13.3     13.3
Foreign currency translation adjustment       10.2 10.2
Activity related to equity-based plans, Shares 1.1        
Activity related to equity-based plans   22.8 (21.5)   $ 1.3
Ending balance, Shares at Aug. 31, 2020 359.5       359.5
Ending balance at Aug. 31, 2020 $ 3.6 $ 1,325.3 $ 1,370.2 $ 79.5 $ 2,778.6
[1] Reclassification adjustments out of accumulated other comprehensive income for realized gains, net of tax, on the sale of available-for-sale securities are reflected in interest on funds held for clients and other expense, net on the Consolidated Statements of Income and Comprehensive Income.
[2] In May 2019, the Company announced that its Board of Directors (the “Board”) approved a program to repurchase up to $400.0 million of its common stock, with authorization expiring on May 31, 2022. The purpose of this program is to manage common stock dilution. All shares of common stock repurchased were retired.