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v3.23.4

Service Revenue (Tables) | 6 Months Ended
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Nov. 30, 2023
Revenue from Contract with Customer [Abstract] |
Summary of PEO Pass-Through Costs Netted in Revenue | PEO pass-through costs netted within the PEO and Insurance Solutions revenue were as follows:
|  | For the three months ended |  |  | For the six months ended |
|  | November 30, |  |  | November 30, |
In millions |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Payroll wages and payroll taxes |  | $ |  | 6,646.9 |  |  | $ |  | 6,333.3 |  |  | $ |  | 13,061.5 |  |  | $ |  | 12,671.1 |
State unemployment insurance (included in payroll wages and payroll taxes) |  | $ |  | 19.7 |  |  | $ |  | 30.3 |  |  | $ |  | 38.3 |  |  | $ |  | 39.8 |
Guaranteed cost benefit plans |  | $ |  | 171.3 |  |  | $ |  | 180.3 |  |  | $ |  | 333.8 |  |  | $ |  | 337.0 |
Summary of Changes in Deferred Revenue Related to Material Rights Performance Obligations | Changes in deferred revenue related to material rights that exceed one year were as follows:
|  | For the three months ended |  |  | For the six months ended |
|  | November 30, |  |  | November 30, |
In millions |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Balance, beginning of period |  | $ |  | 67.0 |  |  | $ |  | 52.2 |  |  | $ |  | 62.0 |  |  | $ |  | 48.9 |
Deferral of revenue |  |  |  | 11.0 |  |  |  |  | 10.0 |  |  |  |  | 23.9 |  |  |  |  | 20.1 |
Recognition of unearned revenue |  |  |  | (8.2 | ) |  |  |  | (7.0 | ) |  |  |  | (16.1 | ) |  |  |  | (13.8 | )
Balance, end of period |  | $ |  | 69.8 |  |  | $ |  | 55.2 |  |  | $ |  | 69.8 |  |  | $ |  | 55.2 |
Summary of Deferred Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction |
In millions |  | Estimated |
Year ending May 31, |  | recognition of unearned revenue |
2024 |  | $ |  | 15.9 |
2025 |  |  |  | 26.4 |
Thereafter |  |  |  | 27.5 |
Total recognition of unearned revenue |  | $ |  | 69.8 |
Summary of Changes in Deferred Costs to Obtain and Fulfill Contracts | Changes in deferred costs to obtain and fulfill contracts were as follows:
Costs to obtain contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the three months ended |  |  | For the six months ended |
|  | November 30, |  |  | November 30, |
In millions |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Balance, beginning of period |  | $ |  | 602.6 |  |  | $ |  | 560.6 |  |  | $ |  | 597.5 |  |  | $ |  | 550.2 |
Capitalization of costs |  |  |  | 53.7 |  |  |  |  | 50.0 |  |  |  |  | 109.4 |  |  |  |  | 107.0 |
Amortization |  |  |  | (51.3 | ) |  |  |  | (48.0 | ) |  |  |  | (101.9 | ) |  |  |  | (94.6 | )
Balance, end of period |  | $ |  | 605.0 |  |  | $ |  | 562.6 |  |  | $ |  | 605.0 |  |  | $ |  | 562.6 |
Costs to fulfill contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the three months ended |  |  | For the six months ended |
|  | November 30, |  |  | November 30, |
In millions |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Balance, beginning of period |  | $ |  | 75.2 |  |  | $ |  | 73.4 |  |  | $ |  | 75.3 |  |  | $ |  | 72.3 |
Capitalization of costs |  |  |  | 7.2 |  |  |  |  | 7.6 |  |  |  |  | 13.7 |  |  |  |  | 15.1 |
Amortization |  |  |  | (6.6 | ) |  |  |  | (6.5 | ) |  |  |  | (13.2 | ) |  |  |  | (12.9 | )
Balance, end of period |  | $ |  | 75.8 |  |  | $ |  | 74.5 |  |  | $ |  | 75.8 |  |  | $ |  | 74.5 |

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- Definition Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3 + Details
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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
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