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Corporate Investments and Funds Held For Clients (Tables) | 6 Months Ended
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Dec. 31, 2020
Corporate Investments And Funds Held For Clients [Abstract] |
Debt Securities, Available-for-sale | Corporate investments and funds held for clients at December 31, 2020 and June 30, 2020 were as follows:
| December 31, 2020
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  |  |  | Fair Market Value (A)
Type of issue: |  |  |  |  |  |  |  |  |
Money market securities, cash and other cash equivalents | $ | 16,128.5 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 16,128.5 |
Available-for-sale securities: |  |  |  |  |  |  |  |  |
Corporate bonds | 10,266.6 |  |  | 439.7 |  |  | (0.9) |  |  |  |  | 10,705.4 |
Asset-backed securities | 2,741.5 |  |  | 87.3 |  |  | — |  |  |  |  | 2,828.8 |
U.S. Treasury securities | 3,609.3 |  |  | 93.8 |  |  | (0.1) |  |  |  |  | 3,703.0 |
U.S. government agency securities | 1,403.4 |  |  | 30.4 |  |  | (0.9) |  |  |  |  | 1,432.9 |
Canadian government obligations and Canadian government agency obligations | 1,084.9 |  |  | 21.8 |  |  | (0.1) |  |  |  |  | 1,106.6 |
Commercial mortgage-backed securities | 805.8 |  |  | 54.6 |  |  | — |  |  |  |  | 860.4 |
Canadian provincial bonds | 713.9 |  |  | 34.5 |  |  | (0.1) |  |  |  |  | 748.3 |
Other securities | 925.0 |  |  | 40.2 |  |  | (0.1) |  |  |  |  | 965.1 |
Total available-for-sale securities | 21,550.4 |  |  | 802.3 |  |  | (2.2) |  |  |  |  | 22,350.5 |
Total corporate investments and funds held for clients | $ | 37,678.9 |  |  | $ | 802.3 |  |  | $ | (2.2) |  |  |  |  | $ | 38,479.0 |
(A) Included within available-for-sale securities are corporate investments with fair values of $10.6 million and funds held for clients with fair values of $22,339.9 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy.
| June 30, 2020
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Market 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 December 31, 2020, are as follows:
| December 31, 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 | $ | (0.9) |  |  | $ | 379.3 |  |  | $ | — |  |  | $ | — |  |  | $ | (0.9) |  |  | $ | 379.3 |
Asset-backed securities | — |  |  | 3.2 |  |  | — |  |  | — |  |  | — |  |  | 3.2 |
U.S. Treasury securities | (0.1) |  |  | 14.1 |  |  | — |  |  | — |  |  | (0.1) |  |  | 14.1 |
U.S. government agency securities | (0.9) |  |  | 348.6 |  |  | — |  |  | — |  |  | (0.9) |  |  | 348.6 |
Canadian government obligations and Canadian government agency obligations | (0.1) |  |  | 68.1 |  |  | — |  |  | — |  |  | (0.1) |  |  | 68.1 |
Commercial mortgage-backed securities | — |  |  | — |  |  | — |  |  | 1.4 |  |  | — |  |  | 1.4 |
Canadian provincial bonds | (0.1) |  |  | 45.7 |  |  | — |  |  | — |  |  | (0.1) |  |  | 45.7 |
Other securities | (0.1) |  |  | 28.2 |  |  | — |  |  | — |  |  | (0.1) |  |  | 28.2 |
| $ | (2.2) |  |  | $ | 887.2 |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | (2.2) |  |  | $ | 888.6 |
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:
|  | December 31, |  | June 30,
|  | 2020 |  | 2020
Corporate investments: |  |  |  |
Cash and cash equivalents |  | $ | 1,602.2 |  |  | $ | 1,908.5 |
Short-term marketable securities (a) |  | 10.6 |  |  | — |
Long-term marketable securities (b) |  | — |  |  | 13.6 |
Total corporate investments |  | $ | 1,612.8 |  |  | $ | 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:
|  | December 31, |  | June 30,
|  | 2020 |  | 2020
Funds held for clients: |  |  |  |
Restricted cash and cash equivalents held to satisfy client funds obligations |  | $ | 14,526.3 |  |  | $ | 5,145.1 |
Restricted short-term marketable securities held to satisfy client funds obligations |  | 4,768.3 |  |  | 5,541.2 |
Restricted long-term marketable securities held to satisfy client funds obligations |  | 17,571.6 |  |  | 16,021.8 |
Total funds held for clients |  | $ | 36,866.2 |  |  | $ | 26,708.1 |
Expected Maturities Of Available-For-Sale Securities | Expected maturities of available-for-sale securities at December 31, 2020 are as follows:
One year or less | $ | 4,778.9 |
One year to two years | 4,561.0 |
Two years to three years | 3,524.7 |
Three years to four years | 2,670.6 |
After four years | 6,815.3 |
Total available-for-sale securities | $ | 22,350.5 |

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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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