Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity

v3.21.2
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 (Loss)/Income [Member]
Total
Beginning balance, Shares at May. 31, 2018 359.0        
Beginning balance at May. 31, 2018 $ 3.6 $ 1,126.8 $ 1,262.6 $ (36.2) $ 2,356.8
Net income 1,034.4 1,034.4
Unrealized (losses) gains on securities, net of tax (benefit) expense 44.0 44.0
Reclassification adjustment for realized gains on securities, net of tax expense [1]
Cash dividends declared (826.8) (826.8)
Repurchases of common shares, Shares [2] (0.7)        
Repurchases of common shares [2] (1.4) (55.5) (56.9)
Stock-based compensation 46.2 46.2
Foreign currency translation adjustment (7.7) (7.7)
Activity related to equity-based plans, Shares 1.0        
Activity related to equity-based plans 34.7 (5.2) 29.5
Ending balance, Shares at May. 31, 2019 359.3        
Ending balance at May. 31, 2019 $ 3.6 1,206.3 1,409.5 0.1 2,619.5
Net income 1,098.1 1,098.1
Unrealized (losses) gains on securities, net of tax (benefit) expense 68.9 68.9
Reclassification adjustment for realized gains on securities, net of tax expense [1] (8.5) (8.5)
Cash dividends declared (889.4) (889.4)
Repurchases of common shares, Shares [2] (2.0)        
Repurchases of common shares [2] (3.7) (168.2) (171.9)
Stock-based compensation 47.4 47.4
Foreign currency translation adjustment (4.0) (4.0)
Activity related to equity-based plans, Shares 1.5        
Activity related to equity-based plans 39.9 (18.6) $ 21.3
Ending balance, Shares at May. 31, 2020 358.8       358.8
Ending balance at May. 31, 2020 $ 3.6 1,289.9 1,431.4 56.5 $ 2,781.4
Net income 1,097.5 1,097.5
Unrealized (losses) gains on securities, net of tax (benefit) expense (14.7) (14.7)
Reclassification adjustment for realized gains on securities, net of tax expense [1] (0.9) (0.9)
Cash dividends declared (908.7) (908.7)
Repurchases of common shares, Shares [2] (1.7)        
Repurchases of common shares [2] (3.1) (152.6) (155.7)
Stock-based compensation 52.5 52.5
Foreign currency translation adjustment 10.9 10.9
Activity related to equity-based plans, Shares 2.7        
Activity related to equity-based plans 107.4 (21.7) $ 85.7
Ending balance, Shares at May. 31, 2021 359.8       359.8
Ending balance at May. 31, 2021 $ 3.6 $ 1,446.7 $ 1,445.9 $ 51.8 $ 2,948.0
[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.