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v3.19.1

Description of Business, Basis of Presentation, and Significant Accounting Policies (Schedule of Recast of Selected Unaudited Consolidated Statement of Cash Flow) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | 9 Months Ended |
--- | --- | --- | --- | ---
Feb. 28, 2019 | Aug. 31, 2018 | Feb. 28, 2018 | Nov. 30, 2018 | Feb. 28, 2019 | Feb. 28, 2018 | May 31, 2018 | [1]
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ 324.6 |  |  |  | $ 367.2 | [1],[2] |  |  | $ 804.0 | [3] | $ 776.4 | [1],[2],[3] |
Amortization of deferred contract costs | [3] |  |  |  |  |  |  |  |  | 134.8 |  | 130.5 | [1] |
Provision/(benefit) for deferred income taxes | [3] |  |  |  |  |  |  |  |  | 10.7 |  | (45.0) | [1] |
Accounts receivable | [3] |  |  |  |  |  |  |  |  | (110.2) |  | (27.8) | [1] |
Accounts payable and other current liabilities | [3] |  |  |  |  |  |  |  |  | 108.4 |  | 81.4 | [1] |
Deferred costs | [3] |  |  |  |  |  |  |  |  | (134.1) |  | (128.5) | [1] |
Net change in other long-term assets and liabilities | [3] |  |  |  |  |  |  |  |  | (8.0) |  | 2.8 | [1] |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by investing activities |  |  |  | $ 156.0 |  |  |  | $ 53.7 |  | (538.6) | [3] | 433.5 | [1],[3] |
Increase/(decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents |  |  |  | (680.6) |  |  |  | (832.7) |  | 1,405.0 | [3] | 548.4 | [1],[3] |
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year |  | 1,467.8 |  | 2,300.5 | [3] |  |  | 2,300.5 | [3] | 2,300.5 | [3] | 449.4 | [1],[3] |
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period |  | 3,705.5 | [3] | 1,619.9 |  | 997.8 | [1],[3] | 1,467.8 |  | 3,705.5 | [3] | 997.8 | [1],[3] |
Reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents to the Consolidated Balance Sheets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | 696.4 | [3] | 440.1 |  | 323.9 | [1],[3] | 510.6 |  | 696.4 | [3] | 323.9 | [1],[3] | $ 358.2
Restricted cash and restricted cash equivalents included in funds held for clients |  | 2,874.7 | [3] | 1,179.8 |  | 673.9 | [1],[3] | 957.2 |  | 2,874.7 | [3] | 673.9 | [1],[3] |
As Previously Reported [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  |  |  |  |  |  |  |  | 705.2 |  |
Provision/(benefit) for deferred income taxes |  |  |  |  |  |  |  |  |  |  |  | 6.5 |  |
Accounts receivable |  |  |  |  |  |  |  |  |  |  |  | (6.2) |  |
Accounts payable and other current liabilities |  |  |  |  |  |  |  |  |  |  |  | 80.9 |  |
Deferred costs |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net change in other long-term assets and liabilities |  |  |  |  |  |  |  |  |  |  |  | 3.4 |  |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net change in funds held for clients’ money market securities and other cash equivalents |  |  |  | 762.5 |  |  |  | 985.1 |  |  |  | (409.1) |  |
Net cash provided by investing activities |  |  |  | 918.5 |  |  |  | 1,038.8 |  |  |  | 24.4 |  |
Increase/(decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents |  |  |  | 81.9 |  |  |  | 152.4 |  |  |  | 139.3 |  |
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year |  | 510.6 |  | 358.2 |  |  |  | 358.2 |  | 358.2 |  | 184.6 |  |
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period |  |  |  | 440.1 |  | 323.9 |  | 510.6 |  |  |  | 323.9 |  |
Adjustments [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net change in funds held for clients’ money market securities and other cash equivalents |  |  |  | (762.5) |  |  |  | (985.1) |  |  |  |  |  |
Net cash provided by investing activities |  |  |  | (762.5) |  |  |  | (985.1) |  |  |  |  |  |
Increase/(decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents |  |  |  | (762.5) |  |  |  | (985.1) |  |  |  |  |  |
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year |  | $ 957.2 |  | 1,942.3 |  |  |  | 1,942.3 |  | $ 1,942.3 |  |  |  |
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period |  |  |  | $ 1,179.8 |  |  |  | $ 957.2 |  |  |  |  |  |
ASU 2014-09 [Member] | As Previously Reported [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  |  | 260.4 |  |  |  |  |  | 705.2 |  |
ASU 2014-09 [Member] | Adjustments [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  |  | 106.8 |  |  |  |  |  | 71.2 |  |
Amortization of deferred contract costs |  |  |  |  |  |  |  |  |  |  |  | 130.5 |  |
Provision/(benefit) for deferred income taxes |  |  |  |  |  |  |  |  |  |  |  | (51.5) |  |
Accounts receivable |  |  |  |  |  |  |  |  |  |  |  | (21.6) |  |
Accounts payable and other current liabilities |  |  |  |  |  |  |  |  |  |  |  | 0.5 |  |
Deferred costs |  |  |  |  |  |  |  |  |  |  |  | (128.5) |  |
Net change in other long-term assets and liabilities |  |  |  |  |  |  |  |  |  |  |  | (0.6) |  |
ASU 2016-18 [Member] | Adjustments [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred costs |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net change in funds held for clients’ money market securities and other cash equivalents |  |  |  |  |  |  |  |  |  |  |  | 409.1 |  |
Net cash provided by investing activities |  |  |  |  |  |  |  |  |  |  |  | 409.1 |  |
Increase/(decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents |  |  |  |  |  |  |  |  |  |  |  | 409.1 |  |
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year |  |  |  |  |  |  |  |  |  |  |  | 264.8 |  |
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period |  |  |  |  |  | $ 673.9 |  |  |  |  |  | $ 673.9 |  |
[1] | Amounts have been adjusted to reflect the adoption of ASC Topic 606.
[2] | Amounts have been adjusted to reflect the adoption of Accounting Standards Codification ("ASC") Topic 606, "Revenue from Contracts with Customers" ("ASC Topic 606").
[3] | Amounts have been adjusted to reflect the adoption of Accounting Standards Update ("ASU") No. 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force)."

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