Supplemental Cash Flow Information
|12 Months Ended|
May 31, 2020
|Supplemental Cash Flow Information [Abstract]|
|Supplemental Cash Flow Information||
Note P — Supplemental Cash Flow Information
Income taxes paid were $298.8 million, $317.9 million, and $319.1 million for fiscal 2020, 2019, and 2018, respectively.
Interest expense paid was $38.0 million, $10.4 million, and $4.0 million for fiscal 2020, 2019, and 2018, respectively.
$33.2 million in Paychex common stock was issued in connection with the Company’s acquisition of HROi in fiscal 2018.
The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef