Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity

v3.22.2
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/(Loss) [Member]
Beginning balance, Shares at May. 31, 2019   359.3      
Beginning balance at May. 31, 2019 $ 2,619.5 $ 3.6 $ 1,206.3 $ 1,409.5 $ 0.1
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)
Dividends declared (889.4)     (889.4)  
Repurchases of common shares, Shares [2]   (2.0)      
Repurchases of common shares [2] (171.9)   (3.7) (168.2)  
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 21.3   39.9 (18.6)  
Ending balance, Shares at May. 31, 2020   358.8      
Ending balance at May. 31, 2020 2,781.4 $ 3.6 1,289.9 1,431.4 56.5
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)
Dividends declared (908.7)     (908.7)  
Repurchases of common shares, Shares [2]   (1.7)      
Repurchases of common shares [2] (155.7)   (3.1) (152.6)  
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 $ 85.7   107.4 (21.7)  
Ending balance, Shares at May. 31, 2021 359.8 359.8      
Ending balance at May. 31, 2021 $ 2,948.0 $ 3.6 1,446.7 1,445.9 51.8
Net income 1,392.8     1,392.8  
Unrealized (losses) gains on securities, net of tax (benefit) expense (162.3)       (162.3)
Reclassification adjustment for realized gains on securities, net of tax expense [1] (0.1)       (0.1)
Dividends declared (1,000.1)     (1,000.1)  
Repurchases of common shares, Shares [2]   (1.2)      
Repurchases of common shares [2] (145.2)   (5.2) (140.0)  
Stock-based compensation 52.8   52.8    
Foreign currency translation adjustment (23.3)       (23.3)
Activity related to equity-based plans, Shares   1.3      
Activity related to equity-based plans $ 22.6   51.6 (29.0)  
Ending balance, Shares at May. 31, 2022 359.9 359.9      
Ending balance at May. 31, 2022 $ 3,085.2 $ 3.6 $ 1,545.9 $ 1,669.6 $ (133.9)
[1] Reclassification adjustments out of accumulated other comprehensive income/(loss) 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 maintained a program to repurchase up to $400.0 million of its common stock through May 31, 2022, which was repurchased before the program expired. The Company maintains a separate program to repurchase up to $400.0 million of its common stock, with authorization expiring January 31, 2024. The purpose of these programs is to manage common stock dilution. All shares of common stock repurchased were retired.