Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity

v3.23.2
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, 2020   358.8      
Beginning 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 (losses) on securities, net of tax benefit [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      
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 (losses) on securities, net of tax benefit [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)
Net income 1,557.3     1,557.3  
Unrealized (losses) gains on securities, net of tax (benefit) expense (36.6)       (36.6)
Reclassification adjustment for realized gains (losses) on securities, net of tax benefit [1] 7.4       7.4
Dividends declared (1,175.5)     (1,175.5)  
Stock-based compensation 62.6   62.6    
Foreign currency translation adjustment 3.2       3.2
Activity related to equity-based plans, Shares   0.6      
Activity related to equity-based plans $ (10.4) $ 0.0 17.9 (28.3)  
Ending balance, Shares at May. 31, 2023 360.5 360.5      
Ending balance at May. 31, 2023 $ 3,493.2 $ 3.6 $ 1,626.4 $ 2,023.1 $ (159.9)
[1] Reclassification adjustments out of accumulated other comprehensive income/(loss) for realized (losses)/gains, net of tax, on the sale of available-for-sale (“AFS”) securities are reflected in interest on funds held for clients and other income/(expense), net on the Consolidated Statements of Income and Comprehensive Income.
[2] The Company maintains a program to repurchase up to $400.0 million of its common stock, with authorization expiring January 31, 2024. The Company maintained a separate program to repurchase up to $400.0 million of its common stock through May 31, 2022, which was repurchased before the program expired. The purpose of these programs is to manage common stock dilution. All shares of common stock repurchased were retired.