Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity

v3.20.4
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     522.9   522.9
Unrealized gains (losses) on securities, net of tax expense (benefit)       15.6 15.6
Reclassification adjustment for realized gains on securities, net of tax expense [1]       (1.3) (1.3)
Cash dividends declared     (444.3)   (444.3)
Repurchases of common shares, Shares [2] (2.0)        
Repurchases of common shares [2]   (3.7) (168.2)   (171.9)
Stock-based compensation costs   23.8     23.8
Foreign currency translation adjustment       (2.8) (2.8)
Activity related to equity-based plans, Shares 1.1        
Activity related to equity-based plans   26.4 (18.5)   7.9
Ending balance, Shares at Nov. 30, 2019 358.4        
Ending balance at Nov. 30, 2019 $ 3.6 1,252.8 1,301.4 11.6 2,569.4
Beginning balance, Shares at Aug. 31, 2019 357.9        
Beginning balance at Aug. 31, 2019 $ 3.6 1,224.0 1,265.2 26.5 2,519.3
Net income     258.7   258.7
Unrealized gains (losses) on securities, net of tax expense (benefit)       (10.5) (10.5)
Reclassification adjustment for realized gains on securities, net of tax expense [1]       (0.6) (0.6)
Cash dividends declared     (222.3)   (222.3)
Stock-based compensation costs   13.3     13.3
Foreign currency translation adjustment       (3.8) (3.8)
Activity related to equity-based plans, Shares 0.5        
Activity related to equity-based plans   15.5 (0.2)   15.3
Ending balance, Shares at Nov. 30, 2019 358.4        
Ending balance at Nov. 30, 2019 $ 3.6 1,252.8 1,301.4 11.6 $ 2,569.4
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     484.0   484.0
Unrealized gains (losses) on securities, net of tax expense (benefit)       7.3 7.3
Reclassification adjustment for realized gains on securities, net of tax expense [1]       (0.5) (0.5)
Cash dividends declared     (446.7)   (446.7)
Repurchases of common shares, Shares [2] (0.4)        
Repurchases of common shares [2]   (0.7) (28.1)   (28.8)
Stock-based compensation costs   25.5     25.5
Foreign currency translation adjustment       9.8 9.8
Activity related to equity-based plans, Shares 2.2        
Activity related to equity-based plans   79.4 (21.7)   $ 57.7
Ending balance, Shares at Nov. 30, 2020 360.6       360.6
Ending balance at Nov. 30, 2020 $ 3.6 1,394.1 1,418.9 73.1 $ 2,889.7
Beginning balance, Shares at Aug. 31, 2020 359.5        
Beginning balance at Aug. 31, 2020 $ 3.6 1,325.3 1,370.2 79.5 2,778.6
Net income     272.4   272.4
Unrealized gains (losses) on securities, net of tax expense (benefit)       (5.7) (5.7)
Reclassification adjustment for realized gains on securities, net of tax expense [1]       (0.3) (0.3)
Cash dividends declared     (223.5)   (223.5)
Stock-based compensation costs   12.2     12.2
Foreign currency translation adjustment       (0.4) (0.4)
Activity related to equity-based plans $ 1.1 56.6 (0.2)   $ 56.4
Ending balance, Shares at Nov. 30, 2020 360.6       360.6
Ending balance at Nov. 30, 2020 $ 3.6 $ 1,394.1 $ 1,418.9 $ 73.1 $ 2,889.7
[1] Reclassification adjustments out of accumulated other comprehensive income for realized gains, net of tax, on the sale of available-for-sale (“AFS”) securities are reflected in interest on funds held for clients and other expense, net on the Consolidated Statements of Income and Comprehensive Income.
[2] The Company maintains 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.