Quarterly report pursuant to Section 13 or 15(d)

Service Revenue (Tables)

v3.23.1
Service Revenue (Tables)
 9 Months Ended
Feb. 28, 2023
Revenue from Contract with Customer [Abstract]  
Summary of PEO Pass-Through Costs Netted in Revenue

 

 

For the three months ended

 

 

For the nine months ended

 

 

 

February 28,

 

 

February 28,

 

In millions

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Payroll wages and payroll taxes

 

$

 

6,944.1

 

 

$

 

6,546.1

 

 

$

 

19,615.2

 

 

$

 

17,909.4

 

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

 

$

 

71.4

 

 

$

 

74.2

 

 

$

 

111.2

 

 

$

 

108.2

 

Guaranteed cost benefit plans

 

$

 

157.8

 

 

$

 

164.3

 

 

$

 

494.8

 

 

$

 

471.9

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

 

 

For the three months ended

 

 

For the nine months ended

 

 

 

February 28,

 

 

February 28,

 

In millions

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Balance, beginning of period

 

$

 

55.2

 

 

$

 

43.8

 

 

$

 

48.9

 

 

$

 

40.2

 

Deferral of revenue

 

 

 

10.9

 

 

 

 

9.1

 

 

 

 

31.0

 

 

 

 

25.4

 

Recognition of unearned revenue

 

 

 

(7.6

)

 

 

 

(6.8

)

 

 

 

(21.4

)

 

 

 

(19.5

)

Balance, end of period

 

$

 

58.5

 

 

$

 

46.1

 

 

$

 

58.5

 

 

$

 

46.1

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

In millions

 

Estimated

 

Year ending May 31,

 

recognition of unearned revenue

 

2023

 

$

 

7.1

 

2024

 

 

 

23.5

 

Thereafter

 

 

 

27.9

 

Total recognition of unearned revenue

 

$

 

58.5

 
Summary of Changes in Deferred Costs to Obtain and Fulfill Contracts

Costs to obtain contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

For the nine months ended

 

 

 

February 28,

 

 

February 28,

 

In millions

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Balance, beginning of period

 

$

 

562.6

 

 

$

 

500.5

 

 

$

 

550.2

 

 

$

 

488.2

 

Capitalization of costs

 

 

 

65.2

 

 

 

 

70.1

 

 

 

 

172.2

 

 

 

 

169.1

 

Amortization

 

 

 

(48.9

)

 

 

 

(44.8

)

 

 

 

(143.5

)

 

 

 

(131.5

)

Balance, end of period

 

$

 

578.9

 

 

$

 

525.8

 

 

$

 

578.9

 

 

$

 

525.8

 

 

 

Costs to fulfill contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

For the nine months ended

 

 

 

February 28,

 

 

February 28,

 

In millions

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Balance, beginning of period

 

$

 

74.5

 

 

$

 

70.5

 

 

$

 

72.3

 

 

$

 

69.3

 

Capitalization of costs

 

 

 

8.3

 

 

 

 

7.4

 

 

 

 

23.4

 

 

 

 

21.0

 

Amortization

 

 

 

(6.6

)

 

 

 

(6.3

)

 

 

 

(19.5

)

 

 

 

(18.7

)

Balance, end of period

 

$

 

76.2

 

 

$

 

71.6

 

 

$

 

76.2

 

 

$

 

71.6