Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity

v3.21.4
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, 2020 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 (losses) gains on securities, net of tax (benefit) expense       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        
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 (losses) gains on securities, net of tax (benefit) expense       (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, Shares 1.1        
Activity related to equity-based plans   56.6 (0.2)   56.4
Ending balance, Shares at Nov. 30, 2020 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 May. 31, 2021 359.8       359.8
Beginning balance at May. 31, 2021 $ 3.6 1,446.7 1,445.9 51.8 $ 2,948.0
Net income     665.7   665.7
Unrealized (losses) gains on securities, net of tax (benefit) expense       (32.7) (32.7)
Reclassification adjustment for realized gains on securities, net of tax expense [3]       (0.1) (0.1)
Cash dividends declared     (476.4)   (476.4)
Stock-based compensation costs   26.4     26.4
Foreign currency translation adjustment       (15.2) (15.2)
Activity related to equity-based plans, Shares 1.0        
Activity related to equity-based plans $ 0.0 32.4 (28.3)   $ 4.1
Ending balance, Shares at Nov. 30, 2021 360.8       360.8
Ending balance at Nov. 30, 2021 $ 3.6 1,505.5 1,606.9 3.8 $ 3,119.8
Beginning balance, Shares at Aug. 31, 2021 360.6        
Beginning balance at Aug. 31, 2021 $ 3.6 1,481.5 1,513.3 45.1 3,043.5
Net income     332.1   332.1
Unrealized (losses) gains on securities, net of tax (benefit) expense       (32.2) (32.2)
Cash dividends declared     (238.3)   (238.3)
Stock-based compensation costs   14.0     14.0
Foreign currency translation adjustment       (9.1) (9.1)
Activity related to equity-based plans, Shares 0.2        
Activity related to equity-based plans $ 0.0 10.0 (0.2)   $ 9.8
Ending balance, Shares at Nov. 30, 2021 360.8       360.8
Ending balance at Nov. 30, 2021 $ 3.6 $ 1,505.5 $ 1,606.9 $ 3.8 $ 3,119.8
[1] Reclassification adjustments out of accumulated other comprehensive income for realized gains, net of tax, on the sale of 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 two programs to repurchase up to $400.0 million of its common stock under each program, with authorization expiring on May 31, 2022 and January 31, 2024, respectively. The purpose of these programs is to manage common stock dilution. All shares of common stock repurchased were retired.
[3] 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.