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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Description of Business, Basis of Presentation, and Significant Accounting Policies (Policy)
Notes Tables
Notes Details

Supplemental Information (Narrative) (Details)

v3.21.4

Supplemental Information (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
	Sep. 17, 2021	Nov. 30, 2021	Nov. 30, 2020	Aug. 31, 2020	Nov. 30, 2021	Nov. 30, 2020	May 31, 2021
Goodwill		$ 1,832.3			$ 1,832.3		$ 1,820.7
Amortization of operating lease right-of-use assets				$ 24.4
Loss on disposal				$ 5.1
Depreciation expense		32.5	$ 30.4		63.2	$ 61.7
Amortization expense		16.1	18.2		31.1	36.5
Impairment loss relates to goodwill or intangible assets					0.0	0.0
Revolving Credit Facility [Member]
Unused amount available		$ 2,000.0			$ 2,000.0
Weighted-average interest rate		1.19%			1.19%		1.16%
Standby Letters of Credit [Member]
Maximum borrowing capacity		$ 149.7			$ 149.7		$ 180.4
Amounts outstanding		$ 0.0	$ 0.0		$ 0.0	$ 0.0	$ 0.0
Standby Letters of Credit [Member] \| Minimum [Member]
Expiration date					Dec. 23, 2021
Standby Letters of Credit [Member] \| Maximum [Member]
Expiration date					Dec. 05, 2022
JPM $1 Billion Credit Facility [Member] \| JP Morgan Chase Bank, N.A. [Member] \| Revolving Credit Facility [Member]
Maximum borrowing capacity	$ 1,000.0
JPM $500 Million Credit Facility [Member] \| JP Morgan Chase Bank, N.A. [Member] \| Revolving Credit Facility [Member]
Maximum borrowing capacity	500.0
JPM $750 Million Credit Facility [Member] \| JP Morgan Chase Bank, N.A. [Member] \| Revolving Credit Facility [Member]
Maximum borrowing capacity	$ 750.0
Expiration date	Sep. 17, 2026

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The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

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