Quarterly report pursuant to Section 13 or 15(d)

Service Revenue (Tables)

v3.20.1
Service Revenue (Tables)
 9 Months Ended
Feb. 29, 2020
Service Revenue [Abstract]  
Summary of Disaggregates Revenue by Services

For the three months ended

For the nine months ended

February 29,

February 28,

February 29,

February 28,

In millions

2020

2019

2020

2019

Management Solutions

$

850.0

$

801.6

$

2,301.2

$

2,174.7

PEO and Insurance Solutions

271.5

245.8

762.6

559.0

Total service revenue

$

1,121.5

$

1,047.4

$

3,063.8

$

2,733.7

Summary of Changes in Deferred Revenue Related to Material Right Performance Obligations

For the three months ended

For the nine months ended

February 29,

February 28,

February 29,

February 28,

In millions

2020

2019

2020

2019

Balance, beginning of period

$

45.1

$

46.0

$

45.7

$

46.4

Deferral of revenue

7.4

7.7

20.3

20.9

Recognition of unearned revenue

(7.4)

(7.6)

(20.9)

(21.2)

Balance, end of period

$

45.1

$

46.1

$

45.1

$

46.1

Summary of Changes in Deferred Costs to Obtain and Fulfill Contracts

For the three months ended February 29, 2020

Beginning

Capitalization

Ending

In millions

balance

of costs

Amortization

balance

Costs to obtain a contract

$

456.9

$

49.4

$

(40.7)

$

465.6

Costs to fulfill a contract

$

66.4

$

6.7

$

(6.0)

$

67.1

For the nine months ended February 29, 2020

Beginning

Capitalization

Ending

In millions

balance

of costs

Amortization

balance

Costs to obtain a contract

$

464.3

$

122.7

$

(121.4)

$

465.6

Costs to fulfill a contract

$

66.1

$

18.7

$

(17.7)

$

67.1

For the three months ended February 28, 2019

Beginning

Capitalization

Ending

In millions

balance

of costs

Amortization

balance

Costs to obtain a contract

$

447.3

$

47.9

$

(39.6)

$

455.6

Costs to fulfill a contract

$

65.8

$

5.9

$

(5.7)

$

66.0

For the nine months ended February 28, 2019

Beginning

Capitalization

Ending

In millions

balance

of costs

Amortization

balance

Costs to obtain a contract

$

455.0

$

118.2

$

(117.6)

$

455.6

Costs to fulfill a contract

$

65.4

$

17.8

$

(17.2)

$

66.0