Annual report pursuant to Section 13 and 15(d)

Service Revenue (Tables)

v3.22.2
Service Revenue (Tables)
 12 Months Ended
May 31, 2022
Revenue from Contract with Customer [Abstract]  
Summary of PEO Pass-Through Costs Netted in Revenue

PEO pass-through costs netted within the PEO and Insurance Solutions revenue are as follows:

 

 

 

Year ended May 31,

 

In millions

 

2022

 

 

2021

 

 

2020

 

Payroll wages and payroll taxes

 

$

 

24,070.2

 

 

$

 

20,587.1

 

 

$

 

20,463.8

 

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

 

$

 

139.1

 

 

$

 

119.0

 

 

$

 

85.7

 

Guaranteed cost benefit plans

 

$

 

641.4

 

 

$

 

586.4

 

 

$

 

647.0

 

 
Summary of Changes in Deferred Revenue Related to Material Rights Performance Obligations

Changes in deferred revenue related to material rights that exceed one year were as follows:

 

 

 

Year ended May 31,

 

In millions

 

2022

 

 

2021

 

Balance, beginning of period

 

$

 

40.2

 

 

$

 

42.6

 

Deferral of revenue

 

 

 

35.0

 

 

 

 

23.5

 

Recognition of unearned revenue

 

 

 

(26.3

)

 

 

 

(25.9

)

Balance, end of period

 

$

 

48.9

 

 

$

 

40.2

 

 

 

 

 

 

 

 

 

 
Summary of Changes in Deferred Costs to Obtain and Fulfill Contracts

Changes in deferred costs to obtain and fulfill contracts were as follows:

 

Costs to fulfill contracts:

 

 

 

 

 

 

 

 

 

 

Year ended May 31,

 

In millions

 

2022

 

 

2021

 

Balance, beginning of period

 

$

 

69.3

 

 

$

 

67.3

 

Capitalization of costs

 

 

 

28.0

 

 

 

 

26.2

 

Amortization

 

 

 

(25.0

)

 

 

 

(24.2

)

Balance, end of period

 

$

 

72.3

 

 

$

 

69.3

 

 

Costs to obtain contracts:

 

 

 

 

 

 

 

 

 

 

Year ended May 31,

 

In millions

 

2022

 

 

2021

 

Balance, beginning of period

 

$

 

488.2

 

 

$

 

473.6

 

Capitalization of costs

 

 

 

239.1

 

 

 

 

181.8

 

Amortization

 

 

 

(177.1

)

 

 

 

(167.2

)

Balance, end of period

 

$

 

550.2

 

 

$

 

488.2