Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v3.3.1.900
Accumulated Other Comprehensive Income
 9 Months Ended
Feb. 29, 2016
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
 
For the nine months ended
In millions
 
February 29, 2016
 
February 28, 2015
 
February 29, 2016
 
February 28, 2015
Beginning balance
 
$
20.3

 
$
22.4

 
$
7.5

 
$
21.5

Other comprehensive income/(loss):
 
 
 
 
 
 
 
 
Unrealized gains/(losses) on available-for-sale securities, net of tax
 
17.2

 
(0.6
)
 
30.0

 
0.4

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
 
17.2

 
(0.6
)
 
30.0

 
0.3

Ending balance
 
$
37.5

 
$
21.8

 
$
37.5

 
$
21.8

Total tax expense included in other comprehensive income/(loss)
 
$
9.9

 
$
—

 
$
17.3

 
$
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 nine months ended February 29, 2016 and February 28, 2015, these reclassification adjustments impacted interest on funds held for clients on the Consolidated Statements of Income and Comprehensive Income.