Quarterly report pursuant to Section 13 or 15(d)

Service Revenue (Tables)

v3.21.4
Service Revenue (Tables)
 6 Months Ended
Nov. 30, 2021
Service Revenue [Abstract]  
Summary of PEO Pass-Through Costs Netted in Revenue

For the three months ended

For the six months ended

November 30,

November 30,

In millions

2021

2020

2021

2020

Payroll wages and payroll taxes

$

5,806.1

$

5,092.3

$

11,363.3

$

9,960.8

State unemployment insurance (included in payroll wages and payroll taxes)

18.6

12.8

34.0

25.6

Guaranteed cost benefit plans

156.7

143.1

307.6

293.5
Summary of Changes in Deferred Revenue Related to Set-Up Fees

For the three months ended

For the six months ended

November 30,

November 30,

In millions

2021

2020

2021

2020

Balance, beginning of period

$

41.5

$

40.2

$

40.2

$

42.6

Deferral of revenue

8.7

5.7

16.3

9.7

Recognition of unearned revenue

(6.4)

(6.3)

(12.7)

(12.7)

Balance, end of period

$

43.8

$

39.6

$

43.8

$

39.6

Summary of Deferred Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

In millions

Estimated

Year ending May 31,

deferral

2022

$

11.6

2023

16.9

Thereafter

15.3

Total deferral

$

43.8
Summary of Changes in Deferred Costs to Obtain and Fulfill Contracts

Costs to obtain contracts:

For the three months ended

For the six months ended

November 30,

November 30,

In millions

2021

2020

2021

2020

Balance, beginning of period

$

491.9

$

469.4

$

488.2

$

473.6

Capitalization of costs

52.4

40.4

99.0

77.6

Amortization

(43.8)

(41.7)

(86.7)

(83.1)

Balance, end of period

$

500.5

$

468.1

$

500.5

$

468.1

Costs to fulfill contracts:

For the three months ended

For the six months ended

November 30,

November 30,

In millions

2021

2020

2021

2020

Balance, beginning of period

$

70.2

$

67.5

$

69.3

$

67.3

Capitalization of costs

6.5

6.0

13.6

12.1

Amortization

(6.2)

(6.1)

(12.4)

(12.0)

Balance, end of period

$

70.5

$

67.4

$

70.5

$

67.4