Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity

v3.22.1
Consolidated Statements of Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income [Member]
Beginning balance, Shares at May. 31, 2020   358.8      
Beginning balance at May. 31, 2020 $ 2,781.4 $ 3.6 $ 1,289.9 $ 1,431.4 $ 56.5
Net income 834.5     834.5  
Unrealized losses on securities, net of tax benefit (12.7)       (12.7)
Reclassification adjustment for realized gains on securities, net of tax expense [1] (0.8)       (0.8)
Cash dividends declared (670.5)     (670.5)  
Repurchases of common shares, Shares [2]   (0.9)      
Repurchases of common shares [2] (76.0)   (1.7) (74.3)  
Stock-based compensation costs 38.1   38.1    
Foreign currency translation adjustment 14.2       14.2
Activity related to equity-based plans, Shares   2.4      
Activity related to equity-based plans 68.2   90.0 (21.8)  
Ending balance, Shares at Feb. 28, 2021   360.3      
Ending balance at Feb. 28, 2021 2,976.4 $ 3.6 1,416.3 1,499.3 57.2
Beginning balance, Shares at Nov. 30, 2020   360.6      
Beginning balance at Nov. 30, 2020 2,889.7 $ 3.6 1,394.1 1,418.9 73.1
Net income 350.5     350.5  
Unrealized losses on securities, net of tax benefit (20.0)       (20.0)
Reclassification adjustment for realized gains on securities, net of tax expense [1] (0.3)       (0.3)
Cash dividends declared (223.8)     (223.8)  
Repurchases of common shares, Shares [2]   (0.5)      
Repurchases of common shares [2] (47.2)   (1.0) (46.2)  
Stock-based compensation costs 12.6   12.6    
Foreign currency translation adjustment 4.4       4.4
Activity related to equity-based plans, Shares   0.2      
Activity related to equity-based plans 10.5   10.6 (0.1)  
Ending balance, Shares at Feb. 28, 2021   360.3      
Ending balance at Feb. 28, 2021 $ 2,976.4 $ 3.6 1,416.3 1,499.3 57.2
Beginning balance, Shares at May. 31, 2021 359.8 359.8      
Beginning balance at May. 31, 2021 $ 2,948.0 $ 3.6 1,446.7 1,445.9 51.8
Net income 1,096.4     1,096.4  
Unrealized losses on securities, net of tax benefit (83.0)       (83.0)
Reclassification adjustment for realized gains on securities, net of tax expense [3] (0.1)       (0.1)
Cash dividends declared (714.9)     (714.9)  
Stock-based compensation costs 39.2   39.2    
Foreign currency translation adjustment (15.7)       (15.7)
Activity related to equity-based plans, Shares   1.2      
Activity related to equity-based plans $ 16.1 $ 0.0 45.0 (28.9)  
Ending balance, Shares at Feb. 28, 2022 361.0 361.0      
Ending balance at Feb. 28, 2022 $ 3,286.0 $ 3.6 1,530.9 1,798.5 (47.0)
Beginning balance, Shares at Nov. 30, 2021   360.8      
Beginning balance at Nov. 30, 2021 3,119.8 $ 3.6 1,505.5 1,606.9 3.8
Net income 430.7     430.7  
Unrealized losses on securities, net of tax benefit (50.3)       (50.3)
Cash dividends declared (238.5)     (238.5)  
Stock-based compensation costs 12.8   12.8    
Foreign currency translation adjustment (0.5)       (0.5)
Activity related to equity-based plans, Shares   0.2      
Activity related to equity-based plans $ 12.0 $ 0.0 12.6 (0.6)  
Ending balance, Shares at Feb. 28, 2022 361.0 361.0      
Ending balance at Feb. 28, 2022 $ 3,286.0 $ 3.6 $ 1,530.9 $ 1,798.5 $ (47.0)
[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.