10-Q Filing

AUTOMATIC DATA PROCESSING INC CIK: 8670 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000008670-23-000008`
Period End Date	20221231
Filing Date	20230202
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	adp-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 105 Income Statement 68 Cash Flow Statement 82 Comprehensive Income 48

Balance Sheet 105 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts - trade receivables - Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$50.00M	USD	Point-in-time
Allowance for doubtful accounts - trade receivables - Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$56.80M	USD	Point-in-time
Allowance for doubtful accounts - trade receivables - Long-term	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$100.00K	USD	Point-in-time
Allowance for doubtful accounts - trade receivables - Long-term	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$200.00K	USD	Point-in-time
Preferred stock, par value (in US$ per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.34B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.44B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.75B	USD	Point-in-time
Preferred stock, par value (in US$ per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $50.0 and $56.8, respectively	`AccountsReceivableNetCurrent`	$3.16B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $50.0 and $56.8, respectively	`AccountsReceivableNetCurrent`	$3.17B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$628.80M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$875.80M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in US$ per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value (in US$ per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Total current assets before funds held for clients	`TotalAssetsBeforeFundsHeldClients`	$5.38B	USD	Point-in-time
Total current assets before funds held for clients	`TotalAssetsBeforeFundsHeldClients`	$5.24B	USD	Point-in-time
Funds held for clients	`FundsHeldClients`	$40.76B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Funds held for clients	`FundsHeldClients`	$49.57B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	638.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$54.80B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	638.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$46.14B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	414.40M	shares	Point-in-time
Long-term receivables, net of allowance for doubtful accounts of $0.2 and $0.1, respectively	`AccountsReceivableNetNoncurrent`	$7.70M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	416.10M	shares	Point-in-time
Long-term receivables, net of allowance for doubtful accounts of $0.2 and $0.1, respectively	`AccountsReceivableNetNoncurrent`	$9.10M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$655.10M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	222.70M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$652.60M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	224.40M	shares	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$400.30M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$450.90M	USD	Point-in-time
Long-term marketable securities under reverse repurchase agreements	`LongTermMarketableSecuritiesUnderReverseRepurchaseAgreements`	$122.10M	USD	Point-in-time
Deferred contract costs	`CapitalizedContractCostNet`	$2.58B	USD	Point-in-time
Short-term marketable securities under reverse repurchase agreements	`ShortTermMarketableSecuritiesUnderReverseRepurchaseAgreements`	$14.30M	USD	Point-in-time
Deferred contract costs	`CapitalizedContractCostNet`	$2.57B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$990.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$937.40M	USD	Point-in-time
Goodwill	`Goodwill`	$2.30B	USD	Point-in-time
Goodwill	`Goodwill`	$2.31B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.37B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.33B	USD	Point-in-time
Total assets	`Assets`	$54.45B	USD	Point-in-time
Total assets	`Assets`	$63.07B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$110.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$85.30M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.37B	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.11B	USD	Point-in-time
Accrued payroll and payroll-related expenses	`EmployeeRelatedLiabilitiesCurrent`	$590.80M	USD	Point-in-time
Accrued payroll and payroll-related expenses	`EmployeeRelatedLiabilitiesCurrent`	$862.60M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$514.60M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$429.60M	USD	Point-in-time
Short-term deferred revenues	`ContractWithCustomerLiabilityCurrent`	$176.80M	USD	Point-in-time
Short-term deferred revenues	`ContractWithCustomerLiabilityCurrent`	$188.20M	USD	Point-in-time
Obligations under reverse repurchase agreements	`ObligationsUnderReverseRepurchaseAgreementsLongTerm`	-	USD	Point-in-time
Obligations under reverse repurchase agreements	`ObligationsUnderReverseRepurchaseAgreementsLongTerm`	$136.40M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$11.10M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$38.40M	USD	Point-in-time
Total current liabilities before client funds obligations	`TotalCurrentLiabilitiesBeforeClientFundsObligations`	$3.75B	USD	Point-in-time
Total current liabilities before client funds obligations	`TotalCurrentLiabilitiesBeforeClientFundsObligations`	$3.87B	USD	Point-in-time
Client funds obligations	`ClientFundsObligations`	$51.29B	USD	Point-in-time
Client funds obligations	`ClientFundsObligations`	$43.06B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.16B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.81B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.99B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.99B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$370.90M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$334.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$931.60M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$924.20M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$67.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$66.80M	USD	Point-in-time
Long-term deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$332.00M	USD	Point-in-time
Long-term deferred revenues	`ContractWithCustomerLiabilityNoncurrent`	$335.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$51.47B	USD	Point-in-time
Total liabilities	`Liabilities`	$59.84B	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1.00 par value: authorized, 0.3 shares; issued, none	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value: authorized, 0.3 shares; issued, none	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.10 par value: authorized, 1,000.0 shares; issued, 638.7 shares at December 31, 2022 and June 30, 2022; outstanding, 414.4 and 416.1 shares at December 31, 2022 and June 30, 2022, respectively	`CommonStockValue`	$63.90M	USD	Point-in-time
Common stock, $0.10 par value: authorized, 1,000.0 shares; issued, 638.7 shares at December 31, 2022 and June 30, 2022; outstanding, 414.4 and 416.1 shares at December 31, 2022 and June 30, 2022, respectively	`CommonStockValue`	$63.90M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.79B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.95B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.33B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.70B	USD	Point-in-time
Treasury stock - at cost: 224.4 and 222.7 shares at December 31, 2022 and June 30, 2022, respectively	`TreasuryStockValue`	$17.34B	USD	Point-in-time
Treasury stock - at cost: 224.4 and 222.7 shares at December 31, 2022 and June 30, 2022, respectively	`TreasuryStockValue`	$17.91B	USD	Point-in-time
Accumulated other comprehensive (loss)/ income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.99B	USD	Point-in-time
Accumulated other comprehensive (loss)/ income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.45B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.58B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.35B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.23B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.99B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.05B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$54.45B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$63.07B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Direct pass-through costs PEO revenues	`DirectPassThroughCostsPEORevenues`	$17.85B	USD	1 Quarter
Direct pass-through costs PEO revenues	`DirectPassThroughCostsPEORevenues`	$33.39B	USD	2 Qtrs
Direct pass-through costs PEO revenues	`DirectPassThroughCostsPEORevenues`	$30.04B	USD	2 Qtrs
Direct pass-through costs PEO revenues	`DirectPassThroughCostsPEORevenues`	$16.77B	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.86B	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.61B	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.03B	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.39B	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$2.04B	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$4.21B	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$3.97B	USD	2 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$2.13B	USD	1 Quarter
Systems development and programming costs	`Systemsdevelopmentprogrammingcosts`	$413.90M	USD	2 Qtrs
Systems development and programming costs	`Systemsdevelopmentprogrammingcosts`	$204.20M	USD	1 Quarter
Systems development and programming costs	`Systemsdevelopmentprogrammingcosts`	$199.70M	USD	1 Quarter
Systems development and programming costs	`Systemsdevelopmentprogrammingcosts`	$388.50M	USD	2 Qtrs
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$203.80M	USD	2 Qtrs
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$221.40M	USD	2 Qtrs
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$112.00M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$100.80M	USD	1 Quarter
TOTAL COSTS OF REVENUES	`CostOfGoodsAndServicesSold`	$4.56B	USD	2 Qtrs
TOTAL COSTS OF REVENUES	`CostOfGoodsAndServicesSold`	$2.45B	USD	1 Quarter
TOTAL COSTS OF REVENUES	`CostOfGoodsAndServicesSold`	$4.84B	USD	2 Qtrs
TOTAL COSTS OF REVENUES	`CostOfGoodsAndServicesSold`	$2.34B	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$855.70M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.50B	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$782.30M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.66B	USD	2 Qtrs
Interest expense	`InterestExpense`	$108.10M	USD	2 Qtrs
Interest expense	`InterestExpense`	$57.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$36.90M	USD	2 Qtrs
Interest expense	`InterestExpense`	$18.40M	USD	1 Quarter
TOTAL EXPENSES	`CostsAndExpenses`	$3.14B	USD	1 Quarter
TOTAL EXPENSES	`CostsAndExpenses`	$6.61B	USD	2 Qtrs
TOTAL EXPENSES	`CostsAndExpenses`	$6.10B	USD	2 Qtrs
TOTAL EXPENSES	`CostsAndExpenses`	$3.36B	USD	1 Quarter
Other (income)/expense, net	`NonoperatingIncomeExpense`	$26.60M	USD	1 Quarter
Other (income)/expense, net	`NonoperatingIncomeExpense`	$70.00M	USD	2 Qtrs
Other (income)/expense, net	`NonoperatingIncomeExpense`	$55.40M	USD	2 Qtrs
Other (income)/expense, net	`NonoperatingIncomeExpense`	$30.50M	USD	1 Quarter
EARNINGS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.06B	USD	1 Quarter
EARNINGS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.81B	USD	2 Qtrs
EARNINGS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.07B	USD	2 Qtrs
EARNINGS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$910.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$416.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$245.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$475.90M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$215.70M	USD	1 Quarter
NET EARNINGS	`NetIncomeLoss`	$694.40M	USD	1 Quarter
NET EARNINGS	`NetIncomeLoss`	$813.10M	USD	1 Quarter
NET EARNINGS	`NetIncomeLoss`	$1.59B	USD	2 Qtrs
NET EARNINGS	`NetIncomeLoss`	$1.39B	USD	2 Qtrs
BASIC EARNINGS PER SHARE (in US$ per share)	`EarningsPerShareBasic`	$1.65	USD	1 Quarter
BASIC EARNINGS PER SHARE (in US$ per share)	`EarningsPerShareBasic`	$3.84	USD	2 Qtrs
BASIC EARNINGS PER SHARE (in US$ per share)	`EarningsPerShareBasic`	$3.32	USD	2 Qtrs
BASIC EARNINGS PER SHARE (in US$ per share)	`EarningsPerShareBasic`	$1.96	USD	1 Quarter
DILUTED EARNINGS PER SHARE (in US$ per share)	`EarningsPerShareDiluted`	$1.95	USD	1 Quarter
DILUTED EARNINGS PER SHARE (in US$ per share)	`EarningsPerShareDiluted`	$1.65	USD	1 Quarter
DILUTED EARNINGS PER SHARE (in US$ per share)	`EarningsPerShareDiluted`	$3.30	USD	2 Qtrs
DILUTED EARNINGS PER SHARE (in US$ per share)	`EarningsPerShareDiluted`	$3.82	USD	2 Qtrs
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	419.80M	shares	1 Quarter
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	420.60M	shares	2 Qtrs
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	414.40M	shares	2 Qtrs
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	414.30M	shares	1 Quarter
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	416.60M	shares	2 Qtrs
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	422.00M	shares	1 Quarter
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	416.20M	shares	1 Quarter
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	422.90M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$694.40M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$813.10M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.59B	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$1.39B	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$255.60M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$271.90M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$488.60M	USD	2 Qtrs
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$474.90M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefitNetofDisposals`	$9.90M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefitNetofDisposals`	$46.40M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$97.90M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$109.00M	USD	2 Qtrs
Net pension income	`PensionExpense`	$-31.60M	USD	2 Qtrs
Net pension income	`PensionExpense`	$-20.00M	USD	2 Qtrs
Net amortization of premiums and accretion of discounts on available-for-sale securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-48.50M	USD	2 Qtrs
Net amortization of premiums and accretion of discounts on available-for-sale securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-23.60M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-30.80M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-6.80M	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$1.10M	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$26.00M	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$787.90M	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$668.60M	USD	2 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-19.90M	USD	2 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-20.50M	USD	2 Qtrs
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-78.70M	USD	2 Qtrs
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-363.30M	USD	2 Qtrs
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.22B	USD	2 Qtrs
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.62B	USD	2 Qtrs
Purchases of corporate and client funds marketable securities	`PaymentsToAcquireMarketableSecurities`	$5.22B	USD	2 Qtrs
Purchases of corporate and client funds marketable securities	`PaymentsToAcquireMarketableSecurities`	$3.71B	USD	2 Qtrs
Proceeds from the sales and maturities of corporate and client funds marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$2.53B	USD	2 Qtrs
Proceeds from the sales and maturities of corporate and client funds marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$2.00B	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$95.10M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$75.80M	USD	2 Qtrs
Additions to intangibles	`PaymentsToAcquireIntangibleAssets`	$180.70M	USD	2 Qtrs
Additions to intangibles	`PaymentsToAcquireIntangibleAssets`	$178.40M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$11.70M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$14.40M	USD	2 Qtrs
Proceeds from sale of property, plant, and equipment and other assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$26.20M	USD	2 Qtrs
Proceeds from sale of property, plant, and equipment and other assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.47B	USD	2 Qtrs
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.47B	USD	2 Qtrs
Net (decrease)/increase in client funds obligations	`NetDecreaseIncreaseInClientFundsObligations`	$-8.10B	USD	2 Qtrs
Net (decrease)/increase in client funds obligations	`NetDecreaseIncreaseInClientFundsObligations`	$11.42B	USD	2 Qtrs
Payments of debt	`RepaymentsOfLongTermDebt`	$500.00K	USD	2 Qtrs
Payments of debt	`RepaymentsOfLongTermDebt`	$500.00K	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$990.50M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$553.50M	USD	2 Qtrs
Net proceeds from stock purchase plan and stock-based compensation plans	`NetProceedsfromstockpurchaseplanandstockbasedcompensationplans`	$24.80M	USD	2 Qtrs
Net proceeds from stock purchase plan and stock-based compensation plans	`NetProceedsfromstockpurchaseplanandstockbasedcompensationplans`	$50.40M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$787.00M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$865.50M	USD	2 Qtrs
Net payments related to reverse repurchase agreements	`Netrepaymentsofproceedsfromreverserepurchaseagreements`	$-132.80M	USD	2 Qtrs
Net payments related to reverse repurchase agreements	`Netrepaymentsofproceedsfromreverserepurchaseagreements`	$-23.50M	USD	2 Qtrs
Net cash flows (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.62B	USD	2 Qtrs
Net cash flows (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.66B	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-20.90M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-24.60M	USD	2 Qtrs
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.39B	USD	2 Qtrs
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.50B	USD	2 Qtrs
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.78B	USD	Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.14B	USD	Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.28B	USD	Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.53B	USD	Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.78B	USD	Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.14B	USD	Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.28B	USD	Point-in-time
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.53B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.34B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.44B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.75B	USD	Point-in-time
Restricted cash and restricted equivalents included in funds held for clients	`RestrictedCashAndCashEquivalents`	$11.94B	USD	Point-in-time
Restricted cash and restricted equivalents included in funds held for clients	`RestrictedCashAndCashEquivalents`	$21.35B	USD	Point-in-time
Restricted cash and restricted equivalents included in funds held for clients	`RestrictedCashAndCashEquivalents`	$18.79B	USD	Point-in-time
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.78B	USD	Point-in-time
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.14B	USD	Point-in-time
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.28B	USD	Point-in-time
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.53B	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$104.50M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$33.10M	USD	2 Qtrs
Cash paid for income taxes, net of income tax refunds	`IncomeTaxesPaidNet`	$365.70M	USD	2 Qtrs
Cash paid for income taxes, net of income tax refunds	`IncomeTaxesPaidNet`	$537.10M	USD	2 Qtrs

Comprehensive Income 48 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$694.40M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$813.10M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.59B	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$1.39B	USD	2 Qtrs
Currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-16.40M	USD	1 Quarter
Currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-13.60M	USD	2 Qtrs
Currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-51.50M	USD	2 Qtrs
Currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$71.10M	USD	1 Quarter
Unrealized net (losses)/gains on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-247.60M	USD	1 Quarter
Unrealized net (losses)/gains on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-592.90M	USD	2 Qtrs
Unrealized net (losses)/gains on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$242.20M	USD	1 Quarter
Unrealized net (losses)/gains on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-377.90M	USD	2 Qtrs
Tax effect	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$51.20M	USD	1 Quarter
Tax effect	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-134.50M	USD	2 Qtrs
Tax effect	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-85.70M	USD	2 Qtrs
Tax effect	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-56.40M	USD	1 Quarter
Reclassification of net losses/(gains) on available-for-sale securities to net earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$-11.50M	USD	1 Quarter
Reclassification of net losses/(gains) on available-for-sale securities to net earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$-13.00M	USD	2 Qtrs
Reclassification of net losses/(gains) on available-for-sale securities to net earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$500.00K	USD	2 Qtrs
Reclassification of net losses/(gains) on available-for-sale securities to net earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$400.00K	USD	1 Quarter
Tax effect	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$-2.90M	USD	2 Qtrs
Tax effect	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$100.00K	USD	2 Qtrs
Tax effect	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$-2.70M	USD	1 Quarter
Tax effect	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$100.00K	USD	1 Quarter
Amortization of unrealized losses on cash flow hedging activities	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax`	$-1.10M	USD	1 Quarter
Amortization of unrealized losses on cash flow hedging activities	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax`	$-1.10M	USD	1 Quarter
Amortization of unrealized losses on cash flow hedging activities	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax`	$-2.20M	USD	2 Qtrs
Amortization of unrealized losses on cash flow hedging activities	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax`	$-2.20M	USD	2 Qtrs
Tax effect	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-200.00K	USD	1 Quarter
Tax effect	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-300.00K	USD	1 Quarter
Tax effect	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-600.00K	USD	2 Qtrs
Tax effect	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-500.00K	USD	2 Qtrs
Reclassification of pension liability adjustment to net earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax`	$1.50M	USD	1 Quarter
Reclassification of pension liability adjustment to net earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax`	$4.00M	USD	2 Qtrs
Reclassification of pension liability adjustment to net earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax`	$1.90M	USD	1 Quarter
Reclassification of pension liability adjustment to net earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax`	$3.60M	USD	2 Qtrs
Tax effect	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$100.00K	USD	1 Quarter
Tax effect	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$600.00K	USD	2 Qtrs
Tax effect	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$300.00K	USD	1 Quarter
Tax effect	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$500.00K	USD	2 Qtrs
Other comprehensive (loss)/income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-457.20M	USD	2 Qtrs
Other comprehensive (loss)/income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-339.00M	USD	2 Qtrs
Other comprehensive (loss)/income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$273.20M	USD	1 Quarter
Other comprehensive (loss)/income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-205.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$488.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.06B	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.14B	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.09B	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.