February 29, 2020

Gross

Gross

Amortized

unrealized

unrealized

Fair

In millions

cost

gains

losses

value

Type of issue:

Funds held for clients' money market securities and other cash equivalents

$

1,226.1

$

—

$

—

$

1,226.1

Available-for-sale securities:

Asset-backed securities

68.0

1.1

—

69.1

Corporate bonds

667.6

24.0

—

691.6

General obligation municipal bonds

741.8

16.9

—

758.7

Pre-refunded municipal bonds⁽¹⁾

21.9

0.3

—

22.2

Revenue municipal bonds

586.9

14.5

—

601.4

U.S. government agency and treasury securities

866.2

27.3

—

893.5

Variable rate demand notes

149.9

—

—

149.9

Total available-for-sale securities

3,102.3

84.1

—

3,186.4

Other

25.6

2.0

(0.4)

27.2

Total funds held for clients and corporate investments

$

4,354.0

$

86.1

$

(0.4)

$

4,439.7

May 31, 2019

Gross

Gross

Amortized

unrealized

unrealized

Fair

In millions

cost

gains

losses

value

Type of issue:

Funds held for clients' money market securities and other cash equivalents

$

204.5

$

—

$

—

$

204.5

Available-for-sale securities:

Asset-backed securities

5.3

—

—

5.3

Corporate bonds

442.1

5.3

(0.9)

446.5

General obligation municipal bonds

840.6

7.5

(0.3)

847.8

Pre-refunded municipal bonds⁽¹⁾

25.6

0.2

—

25.8

Revenue municipal bonds

545.4

4.7

(0.2)

549.9

U.S. government agency and treasury securities

612.5

4.7

(1.3)

615.9

Variable rate demand notes

1,129.6

—

—

1,129.6

Total available-for-sale securities

3,601.1

22.4

(2.7)

3,620.8

Other

26.3

1.7

(0.3)

27.7

Total funds held for clients and corporate investments

$

3,831.9

$

24.1

$

(3.0)

$

3,853.0

May 31, 2019

Securities in an unrealized 
‎loss position for less than 
‎twelve months

Securities in an unrealized 
‎loss position for more than 
‎twelve months

Total

Gross

Gross

Gross

unrealized

Fair

unrealized

Fair

unrealized

Fair

In millions

losses

value

losses

value

losses

value

Type of issue:

Corporate bonds

$

—

$

1.5

$

(0.9)

$

133.8

$

(0.9)

$

135.3

General obligation municipal bonds

—

3.0

(0.3)

168.3

(0.3)

171.3

Pre-refunded municipal bonds

—

0.1

—

1.6

—

1.7

Revenue municipal bonds

—

0.1

(0.2)

79.2

(0.2)

79.3

U.S. government agency and treasury securities

—

4.7

(1.3)

175.6

(1.3)

180.3

Total

$

—

$

9.4

$

(2.7)

$

558.5

$

(2.7)

$

567.9

February 29, 2020

Amortized

Fair

In millions

cost

value

Maturity date:

Due in one year or less

$

332.6

$

333.9

Due after one year through three years

782.2

798.2

Due after three years through five years

890.2

917.9

Due after five years

1,097.3

1,136.4

Total

$

3,102.3

$

3,186.4