Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v3.3.1.900
Accumulated Other Comprehensive Income
6 Months Ended
Nov. 30, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive 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 income in the Consolidated Balance Sheets.
The changes in accumulated other comprehensive income are as follows:
  
 
For the three months ended 
 November 30,
 
For the six months ended 
 November 30,
In millions
 
2015
 
2014
 
2015
 
2014
Beginning balance
 
$
13.8

 
$
26.0

 
$
7.5

 
$
21.5

Other comprehensive income/(loss):
 
 
 
 
 
 
 
 
Unrealized gains/(losses) on available-for-sale securities, net of tax
 
6.5

 
(3.6
)
 
12.8

 
1.0

Reclassification adjustment for the net gain on sale of available-for-sale securities realized in net income, net of tax
 

 

 

 
(0.1
)
Total other comprehensive income/(loss), net of tax
 
6.5

 
(3.6
)
 
12.8

 
0.9

Ending balance
 
$
20.3

 
$
22.4

 
$
20.3

 
$
22.4

Total tax expense/(benefit) included in other comprehensive income/(loss)
 
$
3.8

 
$
(1.9
)
 
$
7.4

 
$
0.2


Reclassification adjustments out of accumulated other comprehensive income are for realized gains on the sales of available-for-sale securities. For the three and six months ended November 30, 2015 and 2014, these reclassification adjustments impacted interest on funds held for clients on the Consolidated Statements of Income and Comprehensive Income.