Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Stockholders' Equity

v3.25.1
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]
Cash Flow Hedges [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 1,310.5     1,310.5        
Unrealized gains/(losses) on securities, net of tax expense (benefit) 9.9       9.9     9.9
Reclassification adjustment for realized earnings (losses) on securities, net of tax expense (benefit) [1] 0.0       0.0     0.0
Cash dividends declared (962.3)     (962.3)        
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 45.1   45.1          
Foreign currency translation adjustment 4.8           4.8 4.8
Activity related to equity-based plans, Shares   1.0            
Activity related to equity-based plans 15.1 $ 0.0 37.2 (22.1)        
Ending balance, Shares at Feb. 29, 2024   360.0            
Ending balance at Feb. 29, 2024 3,747.1 $ 3.6 1,702.5 2,186.2 (120.4)   (24.8) (145.2)
Beginning balance, Shares at Nov. 30, 2023   359.8            
Beginning balance at Nov. 30, 2023 3,524.4 $ 3.6 1,678.6 2,009.4 (139.4)   (27.8) (167.2)
Net income 498.6     498.6        
Unrealized gains/(losses) on securities, net of tax expense (benefit) 19.0       19.0     19.0
Reclassification adjustment for realized earnings (losses) on securities, net of tax expense (benefit) [1] 0.0       0.0     0.0
Other comprehensive income (Note K) (498.6)              
Cash dividends declared (320.4)     (320.4)        
Stock-based compensation costs 14.4   14.4          
Foreign currency translation adjustment 3.0           3.0 3.0
Activity related to equity-based plans, Shares   0.2            
Activity related to equity-based plans 8.1 $ 0.0 9.5 (1.4)        
Ending balance, Shares at Feb. 29, 2024   360.0            
Ending balance at Feb. 29, 2024 $ 3,747.1 $ 3.6 1,702.5 2,186.2 (120.4)   (24.8) (145.2)
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 1,360.1     1,360.1        
Unrealized gains/(losses) on securities, net of tax expense (benefit) 55.0       70.9 $ (15.9)   55.0
Reclassification adjustment for realized earnings (losses) on securities, net of tax expense (benefit) [3] 7.6       0.3 7.3   7.6
Cash dividends declared (1,058.9)     (1,058.9)        
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 50.5   50.5          
Foreign currency translation adjustment (7.1)           (7.1) (7.1)
Activity related to equity-based plans, Shares   0.9            
Activity related to equity-based plans $ 12.9 $ 0.0 38.8 (25.9)        
Ending balance, Shares at Feb. 28, 2025 360.2 360.2            
Ending balance at Feb. 28, 2025 $ 4,116.6 $ 3.6 1,814.8 2,387.8 (49.5) (8.6) (31.5) (89.6)
Beginning balance, Shares at Nov. 30, 2024   360.1            
Beginning balance at Nov. 30, 2024 3,925.7 $ 3.6 1,789.4 2,224.6 (63.1)   (28.8) (91.9)
Net income 519.3     519.3        
Unrealized gains/(losses) on securities, net of tax expense (benefit) (2.6)       13.3 (15.9)   (2.6)
Reclassification adjustment for realized earnings (losses) on securities, net of tax expense (benefit) [3] 7.6       0.3 7.3   7.6
Cash dividends declared (353.2)     (353.2)        
Stock-based compensation costs 17.6   17.6          
Foreign currency translation adjustment (2.7)           (2.7) (2.7)
Activity related to equity-based plans, Shares   0.1            
Activity related to equity-based plans $ 4.9 $ 0.0 7.8 (2.9)        
Ending balance, Shares at Feb. 28, 2025 360.2 360.2            
Ending balance at Feb. 28, 2025 $ 4,116.6 $ 3.6 $ 1,814.8 $ 2,387.8 $ (49.5) $ (8.6) $ (31.5) $ (89.6)
[1] Reclassification adjustments to earnings on the sale of AFS securities are reflected in interest on funds held for clients and other (expense)/income, net on the Consolidated Statements of Income and Comprehensive Income. Reclassification adjustments to earnings for the cash flow hedges relate to amortization of the excluded component of the initial fair value and are reflected in interest expense and included in other (expense)/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. On January 19, 2024, the Company's Board of Directors approved a new repurchase plan authorizing up to $400 million of repurchases of its common stock, with authorization expiring on May 31, 2027. The purpose of these programs are to manage common stock dilution.
[3] Reclassification adjustments to earnings on the sale of available-for-sale ("AFS") securities are reflected in interest on funds held for clients and other (expense)/income, net on the Consolidated Statements of Income and Comprehensive Income. Reclassification adjustments to earnings for the cash flow hedges relate to amortization of the excluded component of the initial fair value and are reflected in interest expense and included in other (expense)/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.