Annual report pursuant to Section 13 and 15(d)

Service Revenue (Tables)

v3.19.2
Service Revenue (Tables)
 12 Months Ended
May 31, 2019
Service Revenue [Abstract]  
Summary of Disaggregates Revenue by Services



 

 

 

 

 

 

 

 

 



 

Year ended May 31,



 

 

 

 

2018

 

2017

In millions

 

2019

 

As Adjusted(1)

 

As Adjusted(1)

Management Solutions

 

$

 2,877.7 

 

$

 2,758.4 

 

$

 2,680.7 

PEO and Insurance Services

 

 

 814.2 

 

 

 555.8 

 

 

 421.7 

Total service revenue

 

$

 3,691.9 

 

$

 3,314.2 

 

$

 3,102.4 



 

 

 

 

 

 

 

 

 



(1) Amounts have been adjusted to reflect the adoption of ASC Topic 606.

Summary of Changes in Deferred Revenue Related to Material Right Performance Obligations



 

 

 



 

Year ended

In millions

 

May 31, 2019

Balance, beginning of period

 

$

 46.4 

Deferral of revenue

 

 

 27.6 

Recognition of unearned revenue

 

 

 (28.3)

Balance, end of period

 

$

 45.7 



 

 

 



Summary of Changes in Deferred Costs to Obtain and Fulfill Contracts



 

 

 

 

 

 

 

 

 

 

 

 



 

Year ended May 31, 2019



 

Beginning

 

Capitalization

 

 

 

Ending

In millions

 

balance

 

of costs

 

Amortization

 

balance

Costs to obtain a contract

 

$

 455.0 

 

$

 166.5 

 

$

 (157.2)

 

$

 464.3 

Costs to fulfill a contact

 

$

 65.4 

 

$

 23.7 

 

$

 (23.0)

 

$

 66.1