Annual report pursuant to Section 13 and 15(d)

Valuation and Qualifying Accounts

v3.23.2
Valuation and Qualifying Accounts
 12 Months Ended
May 31, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts

Schedule II — Valuation and Qualifying Accounts

 

PAYCHEX, INC.

CONSOLIDATED FINANCIAL STATEMENT SCHEDULE

FOR THE YEAR ENDED MAY 31,

(In millions)

 

 

 

 

 

 

 

 

 

 

 

Additions to/

 

 

 

 

 

 

 

 

 

 

 

Balance as of

 

 

Additions

 

 

(deductions

 

 

 

 

 

 

Balance as

 

 

 

beginning

 

 

charged to

 

 

from) other

 

 

Costs and

 

 

of end

 

Description

 

of fiscal year

 

 

expenses

 

 

accounts

 

 

deductions(1)

 

 

of fiscal year

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

 

18.2

 

 

$

 

17.7

 

 

$

 

—

 

 

$

 

15.4

 

 

$

 

20.5

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

 

16.0

 

 

$

 

10.5

 

 

$

 

—

 

 

$

 

8.3

 

 

$

 

18.2

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

 

12.5

 

 

$

 

11.5

 

 

$

 

—

 

 

$

 

8.0

 

 

$

 

16.0

 

 

(1)
Uncollectible amounts written off, net of recoveries, and other adjustments.