May 31, 2020

Gross

Gross

Amortized

unrealized

unrealized

Fair

In millions

cost

gains

losses

value

Type of issue:

Funds held for clients' money market securities and other
‎   cash equivalents

$

683.5

$

—

$

—

$

683.5

Available-for-sale securities:

Asset-backed securities

68.0

1.7

—

69.7

Corporate bonds

649.6

34.1

(0.1)

683.6

Municipal bonds

1,373.8

37.4

(1.6)

1,409.6

U.S. government agency and treasury securities

565.8

28.5

—

594.3

Total available-for-sale securities

2,657.2

101.7

(1.7)

2,757.2

Other

25.4

2.2

(0.4)

27.2

Total funds held for clients and corporate investments

$

3,366.1

$

103.9

$

(2.1)

$

3,467.9

May 31, 2019

Gross

Gross

Amortized

unrealized

unrealized

Fair

In millions

cost

gains

losses

value

Type of issue:

Funds held for clients' money market securities and other
‎   cash equivalents

$

204.5

$

—

$

—

$

204.5

Available-for-sale securities:

Asset-backed securities

5.3

—

—

5.3

Corporate bonds

442.1

5.3

(0.9)

446.5

Municipal bonds

1,411.6

12.4

(0.5)

1,423.5

U.S. government agency and treasury securities

612.5

4.7

(1.3)

615.9

Variable rate demand notes

1,129.6

—

—

1,129.6

Total available-for-sale securities

3,601.1

22.4

(2.7)

3,620.8

Other

26.3

1.7

(0.3)

27.7

Total funds held for clients and corporate investments

$

3,831.9

$

24.1

$

(3.0)

$

3,853.0

May 31, 2020

Securities in an unrealized 
‎loss position for less than 
‎twelve months

Securities in an unrealized 
‎loss position for more than 
‎twelve months

Total

Gross

Gross

Gross

unrealized

Fair

unrealized

Fair

unrealized

Fair

In millions

losses

value

losses

value

losses

value

Type of issue:

Corporate bonds

$

(0.1)

$

6.5

$

—

$

—

$

(0.1)

$

6.5

Municipal bonds

(1.6)

60.3

—

—

(1.6)

60.3

Total

$

(1.7)

$

66.8

$

—

$

—

$

(1.7)

$

66.8

May 31, 2019

Securities in an unrealized 
‎loss position for less than 
‎twelve months

Securities in an unrealized 
‎loss position for more than 
‎twelve months

Total

Gross

Gross

Gross

unrealized

Fair

unrealized

Fair

unrealized

Fair

In millions

losses

value

losses

value

losses

value

Type of issue:

Corporate bonds

$

—

$

1.5

$

(0.9)

$

133.8

$

(0.9)

$

135.3

Municipal bonds

—

3.2

(0.5)

249.1

(0.5)

252.3

U.S. government agency and treasury securities

—

4.7

(1.3)

175.6

(1.3)

180.3

Total

$

—

$

9.4

$

(2.7)

$

558.5

$

(2.7)

$

567.9

May 31, 2020

Amortized

Fair

In millions

cost

value

Maturity date:

Due in one year or less

$

353.4

$

355.7

Due after one year through three years

700.9

723.5

Due after three years through five years

812.0

850.0

Due after five years

790.9

828.0

Total

$

2,657.2

$

2,757.2