Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive (Loss)/Income

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Accumulated Other Comprehensive (Loss)/Income
 3 Months Ended
Aug. 31, 2013
Equity [Abstract]  
Accumulated Other Comprehensive (Loss)/Income
Accumulated Other Comprehensive (Loss)/Income
The change in unrealized gains and losses, net of applicable taxes, related to available-for-sale securities is the primary component reported in accumulated other comprehensive (loss)/income in the Consolidated Balance Sheets.
The changes in accumulated other comprehensive (loss)/income is as follows:
  
 
For the three months ended
August 31,
In millions
 
2013
 
2012
Beginning balance
 
$
22.0

 
$
37.7

Other comprehensive loss:
 
 
 
 
Unrealized losses on available-for-sale securities, net of tax
 
(26.8
)
 
(0.3
)
Reclassification adjustment for the net gain on sale of available-for-sale securities realized in net income, net of tax
 
(0.1
)
 
(0.1
)
Total other comprehensive loss, net of tax
 
$
(26.9
)
 
$
(0.4
)
Ending balance
 
$
(4.9
)
 
$
37.3


The total tax benefit in other comprehensive loss was $15.6 million and $0.3 million for the three months ended August 31, 2013 and 2012, respectively.
Reclassification adjustments out of accumulated other comprehensive (loss)/income are for realized gains on the sales of available-for-sale securities. For the three months ended August 31, 2013 and 2012, these reclassification adjustments impacted interest on funds held for clients on the Consolidated Statements of Income and Comprehensive Income.