Paychex, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Description of Business, Basis of Presentation, and Significant Accounting Policies (Policy)
Notes Tables
Notes Details

Supplemental Information (Narrative) (Details)

v3.25.1

Supplemental Information (Narrative) (Details) - USD ($) $ in Millions	2 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2025	Feb. 28, 2025	Feb. 29, 2024	Feb. 28, 2025	Feb. 29, 2024	Jan. 31, 2025	Jan. 07, 2025	May 31, 2024
Depreciation expense		$ 30.3	$ 32.3	$ 86.8	$ 94.7
Amortization expense		12.8	12.5	37.0	36.2
Impairment loss relates to goodwill or intangible assets				0.0	0.0
Revolving Credit Facility [Member]
Unused amount available	$ 2,000.0	$ 2,000.0		$ 2,000.0
Weighted-average interest rate	4.11%	4.11%		4.11%				6.14%
Standby Letters of Credit [Member]
Maximum borrowing capacity	$ 168.7	$ 168.7		$ 168.7				$ 168.5
Amounts outstanding	0.0	0.0	$ 0.0	$ 0.0	$ 0.0			$ 0.0
Standby Letters of Credit [Member] \| Minimum [Member]
Expiration date of credit facility				Mar. 03, 2025
Standby Letters of Credit [Member] \| Maximum [Member]
Expiration date of credit facility				Feb. 28, 2026
JP Morgan Chase Bank, N.A. [Member] \| Interest Rate Swaption [Member]
Aggregate notional amount						$ 3,000.0
Swaption contract assets, premium paid						$ 19.2
JP Morgan Chase Bank, N.A. [Member] \| Bridge Loan Facility [Member]
Maximum borrowing capacity	0.0	$ 0.0		$ 0.0			$ 3,500.0
Debt financing fees, including structuring and commitment fees	$ 11.4

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

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