Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity

v3.24.4
Consolidated Statements of Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Net Unrealized Loss on AFS Securities [Member]
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Loss [Member]
Beginning balance, Shares at May. 31, 2023   360.5          
Beginning balance at May. 31, 2023 $ 3,493.2 $ 3.6 $ 1,626.4 $ 2,023.1 $ (130.3) $ (29.6) $ (159.9)
Net income 811.9     811.9      
Unrealized gains (losses) on securities, net of tax expense (benefit) (9.1)       (9.1)   (9.1)
Reclassification adjustment for realized gains (losses) on securities, net of tax expense (benefit) [1] 0.0       0.0   0.0
Cash dividends declared (641.9)     (641.9)      
Repurchases of common shares, including excise taxes, Shares [2]   (1.5)          
Repurchases of common shares, including excise taxes [2] (169.2) $ 0.0 (6.2) (163.0)      
Stock-based compensation costs 30.7   30.7        
Foreign currency translation adjustment 1.8         1.8 1.8
Activity related to equity-based plans, Shares   0.8          
Activity related to equity-based plans 7.0 $ 0.0 27.7 (20.7)      
Ending balance, Shares at Nov. 30, 2023   359.8          
Ending balance at Nov. 30, 2023 3,524.4 $ 3.6 1,678.6 2,009.4 (139.4) (27.8) (167.2)
Beginning balance, Shares at Aug. 31, 2023   361.2          
Beginning balance at Aug. 31, 2023 3,587.8 $ 3.6 1,666.4 2,100.9 (154.2) (28.9) (183.1)
Net income 392.7     392.7      
Unrealized gains (losses) on securities, net of tax expense (benefit) 14.8       14.8   14.8
Reclassification adjustment for realized gains (losses) on securities, net of tax expense (benefit) [1] 0.0       0.0   0.0
Cash dividends declared (320.5)     (320.5)      
Repurchases of common shares, including excise taxes, Shares [2]   (1.5)          
Repurchases of common shares, including excise taxes [2] (169.2) $ 0.0 (6.2) (163.0)      
Stock-based compensation costs 14.7   14.7        
Foreign currency translation adjustment 1.1         1.1 1.1
Activity related to equity-based plans, Shares   0.1          
Activity related to equity-based plans 3.0 $ 0.0 3.7 (0.7)      
Ending balance, Shares at Nov. 30, 2023   359.8          
Ending balance at Nov. 30, 2023 $ 3,524.4 $ 3.6 1,678.6 2,009.4 (139.4) (27.8) (167.2)
Beginning balance, Shares at May. 31, 2024 360.1 360.1          
Beginning balance at May. 31, 2024 $ 3,801.0 $ 3.6 1,729.5 2,213.0 (120.7) (24.4) (145.1)
Net income 840.8     840.8      
Unrealized gains (losses) on securities, net of tax expense (benefit) 57.6       57.6   57.6
Reclassification adjustment for realized gains (losses) on securities, net of tax expense (benefit) [3] 0.0       0.0   0.0
Cash dividends declared (705.7)     (705.7)      
Repurchases of common shares, including excise taxes, Shares [4]   (0.8)          
Repurchases of common shares, including excise taxes [4] (104.5) $ 0.0 (4.0) (100.5)      
Stock-based compensation costs 32.9   32.9        
Foreign currency translation adjustment (4.4)         (4.4) (4.4)
Activity related to equity-based plans, Shares   0.8          
Activity related to equity-based plans $ 8.0 $ 0.0 31.0 (23.0)      
Ending balance, Shares at Nov. 30, 2024 360.1 360.1          
Ending balance at Nov. 30, 2024 $ 3,925.7 $ 3.6 1,789.4 2,224.6 (63.1) (28.8) (91.9)
Beginning balance, Shares at Aug. 31, 2024   359.9          
Beginning balance at Aug. 31, 2024 3,850.4 $ 3.6 1,761.7 2,165.4 (58.9) (21.4) (80.3)
Net income 413.4     413.4      
Unrealized gains (losses) on securities, net of tax expense (benefit) (4.2)       (4.2)   (4.2)
Reclassification adjustment for realized gains (losses) on securities, net of tax expense (benefit) [3] 0.0       0.0   0.0
Cash dividends declared (352.9)     (352.9)      
Repurchases of common shares, including excise taxes [4] (0.5) $ 0.0   (0.5)      
Stock-based compensation costs 16.4   16.4        
Foreign currency translation adjustment (7.4)         (7.4) (7.4)
Activity related to equity-based plans, Shares   0.2          
Activity related to equity-based plans $ 10.5 $ 0.0 11.3 (0.8)      
Ending balance, Shares at Nov. 30, 2024 360.1 360.1          
Ending balance at Nov. 30, 2024 $ 3,925.7 $ 3.6 $ 1,789.4 $ 2,224.6 $ (63.1) $ (28.8) $ (91.9)
[1] Reclassification adjustments out of accumulated other comprehensive loss for realized gains/(losses), net of tax, on the sale of AFS securities are reflected in interest on funds held for clients and other income, net on the Consolidated Statements of Income and Comprehensive Income.
[2] The Company maintained a program to repurchase up to $400.0 million of its common stock, with an authorization that expired on January 31, 2024. The purpose of this program was to manage common stock dilution.
[3] Reclassification adjustments out of accumulated other comprehensive loss for realized gains/(losses), net of tax, on the sale of AFS securities are reflected in interest on funds held for clients and other income, net on the Consolidated Statements of Income and Comprehensive Income.
[4] The Company maintains a program to repurchase $400.0 million of its common stock, with authorization expiring May 31, 2027. The Company previously maintained a program to repurchase up to $400.0 million of its common stock, with an authorization that expired on January 31, 2024. The purpose of these programs is to manage common stock dilution.