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Short-term Financing (Tables) - Revolving Credit Facility [Member] | 9 Months Ended
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Feb. 28, 2018
Line of Credit Facility [Line Items] |
Description of Credit Facilities |
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﻿Bank |  | Borrower (1) |  | Date Entered |  | Expiration Date |  | Maximum Amount Available |  | Purpose
﻿JP Morgan Chase Bank, N.A.(2) |  | Paychex of New York, LLC |  | August 5, 2015 |  | August 5, 2020 |  | $1 Billion |  | To meet short-term funding requirements.
﻿JP Morgan Chase Bank, N.A.(2) |  | Paychex of New York, LLC |  | August 17, 2017 |  | August 17, 2022 |  | $500 Million |  | To meet short-term funding requirements.
﻿PNC Bank, National Association (“PNC”) |  | Paychex Advance, LLC |  | March 17, 2016 |  | March 17, 2020 |  | $150 Million |  | To finance working capital needs and general corporate purposes.
| (1) |  | Borrower is a wholly owned subsidiary of the Company.
| (2) |  | JP Morgan Chase Bank, N.A. (“JPM”) acts as the administrative agent for this syndicated credit facility.
JPM $1 Billion Credit Facility [Member] | JP Morgan Chase Bank, N.A. [Member] |
Line of Credit Facility [Line Items] |
Credit Facility Amount Borrowed |
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﻿ |  | For the three months ended |  | For the nine months ended
﻿ |  | February 28, |  | February 28,
﻿$ in millions |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Number of days borrowed |  |  | 2 |  |  |  | 8 |  |  |  | 21 |  |  |  | 27 |
﻿Maximum amount borrowed |  | $ | 200.0 |  |  | $ | 250.0 |  |  | $ | 700.0 |  |  | $ | 350.0 |
﻿Weighted-average amount borrowed |  | $ | 125.0 |  |  | $ | 81.3 |  |  | $ | 311.9 |  |  | $ | 183.3 |
﻿Weighted-average interest rate |  |  | 4.25 | % |  |  | 2.24 | % |  |  | 4.24 | % |  |  | 2.68 | %
﻿
JPM $500 Million Credit Facility [Member] | JP Morgan Chase Bank, N.A. [Member] |
Line of Credit Facility [Line Items] |
Credit Facility Amount Borrowed |
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﻿ |  |  |  | For the three months ended |  | For the nine months ended
﻿ |  |  |  | February 28, |  | February 28,
﻿$ in millions |  |  |  |  |  | 2018 |  | 2018
﻿Number of days borrowed |  |  |  |  |  |  |  |  |  |  | 19 |  |  |  | 39 |
﻿Maximum amount borrowed |  |  |  |  |  |  |  |  |  | $ | 75.0 |  |  | $ | 400.0 |
﻿Weighted-average amount borrowed |  |  |  |  |  |  |  |  |  | $ | 75.0 |  |  | $ | 147.2 |
﻿Weighted-average interest rate |  |  |  |  |  |  |  |  |  |  | 2.19 | % |  |  | 2.69 | %
﻿
PNC $150 Million Credit Facility [Member] | PNC Bank, National Association [Member] |
Line of Credit Facility [Line Items] |
Credit Facility Amount Borrowed |
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﻿ |  | For the three months ended |  | For the nine months ended
﻿ |  | February 28, |  | February 28,
﻿$ in millions |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Number of days borrowed |  |  | 90 |  |  |  | 90 |  |  |  | 269 |  |  |  | 267 |
﻿Maximum amount borrowed |  | $ | 59.9 |  |  | $ | 55.6 |  |  | $ | 59.9 |  |  | $ | 55.6 |
﻿Weighted-average amount borrowed |  | $ | 59.1 |  |  | $ | 55.3 |  |  | $ | 57.6 |  |  | $ | 52.6 |
﻿Weighted-average interest rate |  |  | 2.01 | % |  |  | 1.27 | % |  |  | 1.83 | % |  |  | 1.13 | %
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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