Quarterly report pursuant to Section 13 or 15(d)

Service Revenue (Tables)

v3.22.4
Service Revenue (Tables)
 6 Months Ended
Nov. 30, 2022
Revenue from Contract with Customer [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

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Payroll wages and payroll taxes

 

$

 

6,333.3

 

 

$

 

5,806.1

 

 

$

 

12,671.1

 

 

$

 

11,363.3

 

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

 

 

 

30.3

 

 

 

 

18.6

 

 

$

 

39.8

 

 

$

 

34.0

 

Guaranteed cost benefit plans

 

 

 

180.3

 

 

 

 

156.7

 

 

$

 

337.0

 

 

$

 

307.6

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

 

 

For the three months ended

 

 

For the six months ended

 

 

 

November 30,

 

 

November 30,

 

In millions

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Balance, beginning of period

 

$

 

52.2

 

 

$

 

41.5

 

 

$

 

48.9

 

 

$

 

40.2

 

Deferral of revenue

 

 

 

10.0

 

 

 

 

8.7

 

 

 

 

20.1

 

 

 

 

16.3

 

Recognition of unearned revenue

 

 

 

(7.0

)

 

 

 

(6.4

)

 

 

 

(13.8

)

 

 

 

(12.7

)

Balance, end of period

 

$

 

55.2

 

 

$

 

43.8

 

 

$

 

55.2

 

 

$

 

43.8

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

In millions

 

Estimated

 

Year ending May 31,

 

recognition of unearned revenue

 

2023

 

$

 

13.1

 

2024

 

 

 

20.6

 

Thereafter

 

 

 

21.5

 

Total recognition of unearned revenue

 

$

 

55.2

 
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

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Balance, beginning of period

 

$

 

560.6

 

 

$

 

491.9

 

 

$

 

550.2

 

 

$

 

488.2

 

Capitalization of costs

 

 

 

50.0

 

 

 

 

52.4

 

 

 

 

107.0

 

 

 

 

99.0

 

Amortization

 

 

 

(48.0

)

 

 

 

(43.8

)

 

 

 

(94.6

)

 

 

 

(86.7

)

Balance, end of period

 

$

 

562.6

 

 

$

 

500.5

 

 

$

 

562.6

 

 

$

 

500.5

 

 

 

Costs to fulfill contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

For the six months ended

 

 

 

November 30,

 

 

November 30,

 

In millions

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Balance, beginning of period

 

$

 

73.4

 

 

$

 

70.2

 

 

$

 

72.3

 

 

$

 

69.3

 

Capitalization of costs

 

 

 

7.6

 

 

 

 

6.5

 

 

 

 

15.1

 

 

 

 

13.6

 

Amortization

 

 

 

(6.5

)

 

 

 

(6.2

)

 

 

 

(12.9

)

 

 

 

(12.4

)

Balance, end of period

 

$

 

74.5

 

 

$

 

70.5

 

 

$

 

74.5

 

 

$

 

70.5