Paychex, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Description of Business, Basis of Presentation, and Significant Accounting Policies (Policy)
Notes Tables
Notes Details

Supplemental Information (Narrative) (Details)

v3.22.2.2

Supplemental Information (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	May 31, 2022
Depreciation expense	$ 31.4	$ 30.7
Amortization expense	12.6	15.0
Impairment loss relates to goodwill or intangible assets	0.0	0.0
Revolving Credit Facility [Member]
Unused amount available	$ 2,000.0
Weighted-average interest rate	3.76%		2.34%
Standby Letters of Credit [Member]
Maximum borrowing capacity	$ 140.2		$ 140.2
Amounts outstanding	$ 0.0	$ 0.0	$ 0.0
Standby Letters of Credit [Member] \| Minimum [Member]
Expiration date	Nov. 09, 2022
Standby Letters of Credit [Member] \| Maximum [Member]
Expiration date	Aug. 24, 2023

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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