Paychex, Inc. Annual report pursuant to Section 13 and 15(d)

JP Morgan Chase Bank, N.A. [Member] | JPM $1 Billion Credit Facility [Member]

$ 2,000.0

Amount Outstanding

^[1]

$ 18.7

$ 10.2

Expiration Date

^[2]

Apr. 12, 2029

JP Morgan Chase Bank, N.A. [Member] | JPM $750 Million Credit Facility [Member]

^[2]

$ 1,000.0

Expiration Date

^[2]

Sep. 17, 2026

PNC Bank, National Association [Member] | PNC $250 Million Credit Facility [Member]

^[2]

$ 750.0

Expiration Date

Feb. 06, 2026

$ 250.0

Amount Outstanding

$ 18.7

$ 10.2

[1]	The total amount available under these credit facilities as of May 31, 2024 was approximately $2.0 billion. Amounts borrowed under the PNC credit facility remain outstanding as of the date of this report.
[2]	JPM acts as the administrative agent for this syndicated credit facility.

Date the credit facility terminates, in YYYY-MM-DD format.

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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