Quarterly report pursuant to Section 13 or 15(d)

Service Revenue (Tables)

v3.23.3
Service Revenue (Tables)
3 Months Ended
Aug. 31, 2023
Revenue from Contract with Customer [Abstract]  
Summary of PEO Pass-Through Costs Netted in Revenue

PEO pass-through costs netted within the PEO and Insurance Solutions revenue are as follows:

 

 

 

For the three months ended

 

 

 

August 31,

 

In millions

 

2023

 

 

2022

 

Payroll wages and payroll taxes

 

$

 

6,414.6

 

 

$

 

6,337.8

 

State unemployment insurance (included in payroll wages and payroll taxes)

 

$

 

18.6

 

 

$

 

20.9

 

Guaranteed cost benefit plans

 

$

 

162.5

 

 

$

 

174.2

 

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

Changes in deferred revenue related to material rights that exceed one year were as follows:

 

 

 

For the three months ended

 

 

 

August 31,

 

In millions

 

2023

 

 

2022

 

Balance, beginning of period

 

$

 

62.0

 

 

$

 

48.9

 

Deferral of revenue

 

 

 

12.9

 

 

 

 

10.1

 

Recognition of unearned revenue

 

 

 

(7.9

)

 

 

 

(6.8

)

Balance, end of period

 

$

 

67.0

 

 

$

 

52.2

 

Summary of Deferred Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

In millions

 

Estimated

 

Year ending May 31,

 

recognition of unearned revenue

 

2024

 

$

 

21.9

 

2025

 

 

 

23.5

 

Thereafter

 

 

 

21.6

 

Total recognition of unearned revenue

 

$

 

67.0

 

Summary of Changes in Deferred Costs to Obtain and Fulfill Contracts

Changes in deferred costs to obtain and fulfill contracts were as follows:

 

Costs to obtain contracts:

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

 

August 31,

 

In millions

 

2023

 

 

2022

 

Balance, beginning of period

 

$

 

597.5

 

 

$

 

550.2

 

Capitalization of costs

 

 

 

55.7

 

 

 

 

57.0

 

Amortization

 

 

 

(50.6

)

 

 

 

(46.6

)

Balance, end of period

 

$

 

602.6

 

 

$

 

560.6

 

 

 

Costs to fulfill contracts:

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

 

August 31,

 

In millions

 

2023

 

 

2022

 

Balance, beginning of period

 

$

 

75.3

 

 

$

 

72.3

 

Capitalization of costs

 

 

 

6.5

 

 

 

 

7.5

 

Amortization

 

 

 

(6.6

)

 

 

 

(6.4

)

Balance, end of period

 

$

 

75.2

 

 

$

 

73.4