XML 111 R96.htm IDEA: XBRL DOCUMENT
v3.20.2

Short-term Financing (Description of Credit Facilities) (Details) - Revolving Credit Facility [Member] - USD ($) $ in Millions |  |  | 12 Months Ended
--- | --- | --- | ---
Mar. 17, 2016 | Aug. 05, 2015 | May 31, 2020
Line of Credit Facility [Line Items] |  |  |  |  |
Maximum Amount Available |  |  |  | $ 1,800.0 |
Amount Outstanding | [1] |  |  | $ 5.1 |
JP Morgan Chase Bank, N.A. [Member] | JPM $1 Billion Credit Facility [Member] |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Expiration Date |  |  | Jul. 31, 2019 | Jul. 31, 2024 | [2],[3]
Maximum Amount Available |  |  | $ 1,000.0 | $ 1,000.0 | [2],[3]
JP Morgan Chase Bank, N.A. [Member] | JPM $500 Million Credit Facility [Member] |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Expiration Date | [2] |  |  | Aug. 17, 2022 |
Maximum Amount Available | [2] |  |  | $ 500.0 |
PNC Bank, National Association [Member] | PNC $250 Million Credit Facility [Member] |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Expiration Date | [4] |  |  | Feb. 06, 2023 |
Maximum Amount Available | [4] |  |  | $ 250.0 |
Amount Outstanding | [4] |  |  | $ 5.1 |
Weighted-average interest rate |  |  |  | 1.28% |
PNC Bank, National Association [Member] | PNC $150 Million Credit Facility [Member] |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Expiration Date |  | Feb. 06, 2020 |  |  |
Maximum Amount Available |  | $ 150.0 |  |  |
[1] | The total amount available under these credit facilities as of May 31, 2020 was approximately $1.8 billion. Amounts under the PNC credit facility remain outstanding as of the date of this report.
[2] | JPM acts as the administrative agent for this syndicated credit facility.
[3] | This agreement replaced the Company’s predecessor five-year unsecured $1.0 billion credit facility dated August 5, 2015, which was terminated on July 31, 2019.
[4] | This agreement replaced the Company’s predecessor four-year unsecured $150.0 million credit facility dated March 17, 2016, which was terminated on February 6, 2020.

X
- Definition Weighted average interest rate of debt outstanding. + References No definition available. + Details
Name: | us-gaap_DebtWeightedAverageInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Date the credit facility terminates, in CCYY-MM-DD format. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
Name: | us-gaap_LineOfCreditFacilityExpirationDate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a 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. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LinesOfCreditCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=payx_JpMorganChaseBankNaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=payx_JpmOneBillionCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=payx_JpmFiveHundredMillionCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=payx_PncBankNationalAssociationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=payx_PncTwoHundredFiftyMillionCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=payx_PncOneHundredFiftyMillionCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |