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Revenue | 6 Months Ended
--- | ---
Dec. 31, 2020
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue Based upon similar operational and economic characteristics, the Company’s revenues are disaggregated by its three strategic pillars: Human Capital Management (“HCM”), HR Outsourcing (“HRO”), and Global (“Global”) Solutions, with separate disaggregation for PEO zero-margin benefits pass-through revenues and client funds interest revenues. The Company believes these revenue categories depict how the nature, amount, timing, and uncertainty of its revenue and cash flows are affected by economic factors. The following tables provide details of revenue by our strategic pillars, and include a reconciliation to the Company’s reportable segments:
| Three Months Ended |  | Six Months Ended
| December 31, |  | December 31,
Types of Revenues | 2020 |  | 2019 |  | 2020 |  | 2019
HCM | $ | 1,624.8 |  |  | $ | 1,647.9 |  |  | $ | 3,155.4 |  |  | $ | 3,216.5 |
HRO, excluding PEO zero-margin benefits pass-throughs | 668.7 |  |  | 650.1 |  |  | 1,251.1 |  |  | 1,241.2 |
PEO zero-margin benefits pass-throughs | 765.9 |  |  | 722.4 |  |  | 1,507.0 |  |  | 1,421.5 |
Global | 530.9 |  |  | 511.4 |  |  | 1,041.1 |  |  | 1,014.5 |
Interest on funds held for clients | 105.4 |  |  | 137.7 |  |  | 211.9 |  |  | 271.5 |
Total Revenues | $ | 3,695.7 |  |  | $ | 3,669.5 |  |  | $ | 7,166.5 |  |  | $ | 7,165.2 |
Reconciliation of disaggregated revenue to our reportable segments for the three months ended December 31, 2020:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 1,625.2 |  |  | $ | — |  |  | $ | (0.4) |  |  | $ | 1,624.8 |
HRO, excluding PEO zero-margin benefits pass-throughs | 250.1 |  |  | 419.2 |  |  | (0.6) |  |  | 668.7 |
PEO zero-margin benefits pass-throughs | — |  |  | 765.9 |  |  | — |  |  | 765.9 |
Global | 530.9 |  |  | — |  |  | — |  |  | 530.9 |
Interest on funds held for clients | 104.4 |  |  | 1.0 |  |  | — |  |  | 105.4 |
Total Segment Revenues | $ | 2,510.6 |  |  | $ | 1,186.1 |  |  | $ | (1.0) |  |  | $ | 3,695.7 |
Reconciliation of disaggregated revenue to our reportable segments for the three months ended December 31, 2019:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 1,649.8 |  |  | $ | — |  |  | $ | (1.9) |  |  | $ | 1,647.9 |
HRO, excluding PEO zero-margin benefits pass-throughs | 239.9 |  |  | 411.0 |  |  | (0.8) |  |  | 650.1 |
PEO zero-margin benefits pass-throughs | — |  |  | 722.4 |  |  | — |  |  | 722.4 |
Global | 511.4 |  |  | — |  |  | — |  |  | 511.4 |
Interest on funds held for clients | 136.4 |  |  | 1.3 |  |  | — |  |  | 137.7 |
Total Segment Revenues | $ | 2,537.5 |  |  | $ | 1,134.7 |  |  | $ | (2.7) |  |  | $ | 3,669.5 |
Reconciliation of disaggregated revenue to our reportable segments for the six months ended December 31, 2020:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 3,157.4 |  |  | $ | — |  |  | $ | (2.0) |  |  | $ | 3,155.4 |
HRO, excluding PEO zero-margin benefits pass-throughs | 479.3 |  |  | 772.7 |  |  | (0.9) |  |  | 1,251.1 |
PEO zero-margin benefits pass-throughs | — |  |  | 1,507.0 |  |  | — |  |  | 1,507.0 |
Global | 1,041.1 |  |  | — |  |  | — |  |  | 1,041.1 |
Interest on funds held for clients | 209.6 |  |  | 2.3 |  |  | — |  |  | 211.9 |
Total Segment Revenues | $ | 4,887.4 |  |  | $ | 2,282.0 |  |  | $ | (2.9) |  |  | $ | 7,166.5 |
Reconciliation of disaggregated revenue to our reportable segments for the six months ended December 31, 2019:
Types of Revenues | Employer Services |  | PEO |  | Other |  | Total
HCM | $ | 3,219.8 |  |  | $ | — |  |  | $ | (3.3) |  |  | $ | 3,216.5 |
HRO, excluding PEO zero-margin benefits pass-throughs | 475.6 |  |  | 767.5 |  |  | (1.9) |  |  | 1,241.2 |
PEO zero-margin benefits pass-throughs | — |  |  | 1,421.5 |  |  | — |  |  | 1,421.5 |
Global | 1,014.5 |  |  | — |  |  | — |  |  | 1,014.5 |
Interest on funds held for clients | 269.0 |  |  | 2.5 |  |  | — |  |  | 271.5 |
Total Segment Revenues | $ | 4,978.9 |  |  | $ | 2,191.5 |  |  | $ | (5.2) |  |  | $ | 7,165.2 |
Contract Balances The timing of revenue recognition for HCM, HRO and Global Solutions is consistent with the invoicing of clients, as invoicing occurs in the period the services are provided. Therefore, the Company does not recognize a contract asset or liability resulting from the timing of revenue recognition and invoicing. Changes in deferred revenue related to set up fees for the six months ended December 31, 2020 were as follows:
Contract Liability |
Contract liability, July 1, 2020 | $ | 522.7 |
Recognition of revenue included in beginning of year contract liability | (85.8) |
Contract liability, net of revenue recognized on contracts during the period | 64.1 |
Currency translation adjustments | 20.6 |
Contract liability, December 31, 2020 | $ | 521.6 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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