Paychex, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Short-term Financing (Tables)

Short-term Financing (Tables)

9 Months Ended

Feb. 28, 2017

Line of Credit [Member]

Line of Credit Facility [Line Items]

Lines of Credit Facility Amount Available or Amount Borrowed



Financial institution		Amount available		Expiration date
JP Morgan Chase Bank, N.A.		$350 million		February 28, 2018
Bank of America, N.A.		$250 million		February 28, 2018
PNC Bank, National Association		$150 million		February 28, 2018
Wells Fargo Bank, National Association		$150 million		February 28, 2018

Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Lines of Credit Facility Amount Available or Amount Borrowed


		For the three months ended								For the nine months ended
			February 28,				February 29,				February 28,				February 29,
$ in millions		2017				2016				2017				2016
Number of days borrowed			8				—				27				3
Maximum amount borrowed		$	250.0			$	—			$	350.0			$	350.0
Weighted-average amount borrowed		$	81.3			$	—			$	183.3			$	217.0
Weighted-average interest rate			2.24	%			—	%			2.68	%			3.25	%

PNC Bank, National Association [Member] | Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Lines of Credit Facility Amount Available or Amount Borrowed



										For the three months ended				For the nine months ended
										February 28,				February 28,
$ in millions										2017				2017
Number of days borrowed											90				267
Maximum amount borrowed										$	55.6			$	55.6
Weighted-average amount borrowed										$	55.3			$	52.6
Weighted-average interest rate											1.27	%			1.13	%