Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v2.4.1.9
Accumulated Other Comprehensive Income
 9 Months Ended
Feb. 28, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
The change in unrealized gains and losses, net of applicable taxes, related to available-for-sale securities is the primary component reported in accumulated other comprehensive income in the Consolidated Balance Sheets.
The changes in accumulated other comprehensive income are as follows:
  
 
For the three months ended 
 February 28,
 
For the nine months ended 
 February 28,
In millions
 
2015
 
2014
 
2015
 
2014
Beginning balance
 
$
22.4

 
$
13.7

 
$
21.5

 
$
22.0

Other comprehensive (loss)/income:
 
 
 
 
 
 
 
 
Unrealized (losses)/gains on available-for-sale securities, net of tax
 
(0.6
)
 
11.0

 
0.4

 
2.9

Reclassification adjustment for the net gain on sale of available-for-sale securities realized in net income, net of tax
 
—

 
(0.1
)
 
(0.1
)
 
(0.3
)
Total other comprehensive (loss)/income, net of tax
 
(0.6
)
 
10.9

 
0.3

 
2.6

Ending balance
 
$
21.8

 
$
24.6

 
$
21.8

 
$
24.6

 
 
 
 
 
 
 
 
 
Total tax expense included in other comprehensive (loss)/income
 
$
—

 
$
6.5

 
$
0.2

 
$
1.7


Reclassification adjustments out of accumulated other comprehensive income are for realized gains on the sales of available-for-sale securities. For the three and nine months ended February 28, 2015 and 2014, these reclassification adjustments impacted interest on funds held for clients on the Consolidated Statements of Income and Comprehensive Income.