Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive (Loss)/Income

v3.8.0.1
Accumulated Other Comprehensive (Loss)/Income
 9 Months Ended
Feb. 28, 2018
Accumulated Other Comprehensive (Loss)/Income [Abstract]  
Accumulated Other Comprehensive (Loss)/ Income

Note J: Accumulated Other Comprehensive (Loss)/Income



The change in unrealized gains and losses, net of applicable taxes, related to investments in available-for-sale securities is the primary component reported in accumulated other comprehensive (loss)/income on the Company’s Consolidated Balance Sheets.  The changes in accumulated other comprehensive (loss)/income are as follows:





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the three months ended

 

For the nine months ended



 

February 28,

 

February 28,

In millions

 

2018

 

2017

 

2018

 

2017

Beginning balance

 

$

 (9.2)

 

$

 (16.8)

 

$

 20.0 

 

$

 29.2 

Other comprehensive (loss)/income:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized (losses)/gains on available-for-sale securities, net of tax

 

 

 (17.5)

 

 

 21.4 

 

 

 (46.7)

 

 

 (24.6)

Total other comprehensive (loss)/income, net of tax

 

 

 (17.5)

 

 

 21.4 

 

 

 (46.7)

 

 

 (24.6)

Ending balance

 

$

 (26.7)

 

$

 4.6 

 

$

 (26.7)

 

$

 4.6 



 

 

 

 

 

 

 

 

 

 

 

 

Total tax (benefit)/expense included in other comprehensive income

 

$

 (3.2)

 

$

 12.3 

 

$

 (20.1)

 

$

 (14.0)



Reclassification adjustments out of accumulated other comprehensive (loss)/income for realized gains and losses on the sale of available-for-sale securities were insignificant for the three and nine months ended February 28, 2018 and February 28, 2017.  Those reclassification adjustments are reflected in interest on funds held for clients on the Consolidated Statements of Income and Comprehensive Income.