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Corporate Investments And Funds Held For Clients (Tables) | 12 Months Ended
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Jun. 30, 2021
Corporate Investments And Funds Held For Clients [Abstract] |
Debt Securities, Available-for-sale | Corporate investments and funds held for clients at June 30, 2021 and 2020 were as follows:
| June 30, 2021
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value (A)
Type of issue: |  |  |  |  |  |  |
Money market securities, cash and other cash equivalents | $ | 13,143.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,143.2 |
Available-for-sale securities: |  |  |  |  |  |  |
Corporate bonds | 11,732.3 |  |  | 321.9 |  |  | (38.5) |  |  | 12,015.7 |
U.S. Treasury securities | 4,036.9 |  |  | 64.8 |  |  | (9.3) |  |  | 4,092.4 |
Asset-backed securities | 2,279.8 |  |  | 60.9 |  |  | (0.9) |  |  | 2,339.8 |
Canadian government obligations and Canadian government agency obligations | 1,542.3 |  |  | 15.0 |  |  | (9.0) |  |  | 1,548.3 |
U.S. government agency securities | 1,446.3 |  |  | 22.5 |  |  | (9.4) |  |  | 1,459.4 |
Canadian provincial bonds | 956.3 |  |  | 22.7 |  |  | (5.3) |  |  | 973.7 |
Commercial mortgage-backed securities | 793.4 |  |  | 41.2 |  |  | — |  |  | 834.6 |
Other securities | 1,082.2 |  |  | 30.9 |  |  | (5.3) |  |  | 1,107.8 |
Total available-for-sale securities | 23,869.5 |  |  | 579.9 |  |  | (77.7) |  |  | 24,371.7 |
Total corporate investments and funds held for clients | $ | 37,012.7 |  |  | $ | 579.9 |  |  | $ | (77.7) |  |  | $ | 37,514.9 |
(A) Included within available-for-sale securities are corporate investments with fair values of $33.9 million and funds held for clients with fair values of $24,337.8 million. All available-for-sale securities are included in Level 2 of the fair value hierarchy.
| June 30, 2020
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value (B)
Type of issue: |  |  |  |  |  |  |
Money market securities, cash and other cash equivalents | $ | 7,053.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,053.6 |
Available-for-sale securities: |  |  |  |  |  |  |
Corporate bonds | 9,188.7 |  |  | 473.4 |  |  | — |  |  | 9,662.1 |
Asset-backed securities | 3,274.6 |  |  | 96.0 |  |  | (0.5) |  |  | 3,370.1 |
U.S. Treasury securities | 3,580.6 |  |  | 120.8 |  |  | — |  |  | 3,701.4 |
U.S. government agency securities | 1,128.2 |  |  | 35.6 |  |  | — |  |  | 1,163.8 |
Canadian government obligations and Canadian government agency obligations | 1,018.7 |  |  | 23.1 |  |  | — |  |  | 1,041.8 |
Commercial mortgage-backed securities | 814.3 |  |  | 53.9 |  |  | — |  |  | 868.2 |
Canadian provincial bonds | 676.6 |  |  | 33.6 |  |  | — |  |  | 710.2 |
Other securities | 1,018.1 |  |  | 41.1 |  |  | (0.2) |  |  | 1,059.0 |
Total available-for-sale securities | 20,699.8 |  |  | 877.5 |  |  | (0.7) |  |  | 21,576.6 |
Total corporate investments and funds held for clients | $ | 27,753.4 |  |  | $ | 877.5 |  |  | $ | (0.7) |  |  | $ | 28,630.2 |
(B) Included within available-for-sale securities are corporate investments with fair values of $13.6 million and funds held for clients with fair values of $21,563.0 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy.
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value | The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2021, are as follows:
| June 30, 2021
| Securities in unrealized loss position less than 12 months |  | Securities in unrealized loss position greater than 12 months |  | Total
| Gross Unrealized Losses |  | Fair Market Value |  | Gross Unrealized Losses |  | Fair Market Value |  | Gross Unrealized Losses |  | Fair Market Value
Corporate bonds | $ | (38.5) |  |  | $ | 3,539.6 |  |  | $ | — |  |  | $ | — |  |  | $ | (38.5) |  |  | $ | 3,539.6 |
U.S. Treasury securities | (9.3) |  |  | 580.9 |  |  | — |  |  | — |  |  | (9.3) |  |  | 580.9 |
Asset-backed securities | (0.9) |  |  | 160.9 |  |  | — |  |  | — |  |  | (0.9) |  |  | 160.9 |
Canadian government obligations and Canadian government agency obligations | (9.0) |  |  | 721.3 |  |  | — |  |  | — |  |  | (9.0) |  |  | 721.3 |
U.S. government agency securities | (9.4) |  |  | 749.7 |  |  | — |  |  | — |  |  | (9.4) |  |  | 749.7 |
Canadian provincial bonds | (5.3) |  |  | 253.7 |  |  | — |  |  | — |  |  | (5.3) |  |  | 253.7 |
Commercial mortgage-backed securities | — |  |  | 16.7 |  |  | — |  |  | — |  |  | — |  |  | 16.7 |
Other securities | (5.2) |  |  | 308.5 |  |  | (0.1) |  |  | 1.9 |  |  | (5.3) |  |  | 310.4 |
| $ | (77.6) |  |  | $ | 6,331.3 |  |  | $ | (0.1) |  |  | $ | 1.9 |  |  | $ | (77.7) |  |  | $ | 6,333.2 |
The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2020 are as follows:
| June 30, 2020
| Securities in unrealized loss position less than 12 months |  | Securities in unrealized loss position greater than 12 months |  | Total
| Gross Unrealized Losses |  | Fair Market Value |  | Gross Unrealized Losses |  | Fair Market Value |  | Gross Unrealized Losses |  | Fair Market Value
Corporate bonds | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Asset-backed securities | (0.5) |  |  | 43.9 |  |  | — |  |  | — |  |  | (0.5) |  |  | 43.9 |
U.S. Treasury securities | — |  |  | 2.0 |  |  | — |  |  | — |  |  | — |  |  | 2.0 |
U.S. government agency securities | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Canadian government obligations and Canadian government agency obligations | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial mortgage-backed securities | — |  |  | — |  |  | — |  |  | 1.5 |  |  | — |  |  | 1.5 |
Canadian provincial bonds | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other securities | (0.2) |  |  | 17.1 |  |  | — |  |  | — |  |  | (0.2) |  |  | 17.1 |
| $ | (0.7) |  |  | $ | 63.0 |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | (0.7) |  |  | $ | 64.5 |
Classification Of Corporate Investments On The Consolidated Balance Sheets | Classification of corporate investments on the Consolidated Balance Sheets is as follows:
June 30, |  | 2021 |  | 2020
Corporate investments: |  |  |  |
Cash and cash equivalents |  | $ | 2,575.2 |  |  | $ | 1,908.5 |
Short-term marketable securities (a) |  | 10.4 |  |  | — |
Long-term marketable securities (b) |  | 23.5 |  |  | 13.6 |
Total corporate investments |  | $ | 2,609.1 |  |  | $ | 1,922.1 |
(a) - Short-term marketable securities are included within Other current assets on the Consolidated Balance Sheets. (b) - Long-term marketable securities are included within Other assets on the Consolidated Balance Sheets.
Schedule Of Investment Of Funds Held For Clients | Funds held for clients have been invested in the following categories:
June 30, |  | 2021 |  | 2020
Funds held for clients: |  |  |  |
Restricted cash and cash equivalents held to satisfy client funds obligations |  | $ | 10,568.0 |  |  | $ | 5,145.1 |
Restricted short-term marketable securities held to satisfy client funds obligations |  | 3,743.3 |  |  | 5,541.2 |
Restricted long-term marketable securities held to satisfy client funds obligations |  | 20,594.5 |  |  | 16,021.8 |
Total funds held for clients |  | $ | 34,905.8 |  |  | $ | 26,708.1 |
Expected Maturities Of Available-For-Sale Securities | Expected maturities of available-for-sale securities at June 30, 2021 are as follows:
One year or less | $ | 3,753.8 |
One year to two years | 4,644.3 |
Two years to three years | 2,940.3 |
Three years to four years | 3,393.5 |
After four years | 9,639.8 |
Total available-for-sale securities | $ | 24,371.7 |

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- Definition This element represents the carrying amounts of all corporate investments on the Consolidated Balance Sheets including cash and cash equivalents, short-term and long-term investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. This element excludes same type of investments held as funds held for clients which is disclosed in a separate table. + References No definition available. + Details
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