v3.26.1
Statements of Consolidated Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net earnings $ 3,434.9 $ 3,169.0
Adjustments to reconcile net earnings to cash flows provided by operating activities:    
Depreciation and amortization 438.7 436.7
Amortization of deferred contract costs 899.0 852.0
Deferred income taxes 173.4 17.2
Stock-based compensation expense 182.9 202.5
Bad debt expense 34.4 40.2
Net pension (income)/loss (11.6) (14.8)
Net accretion of discounts and amortization of premiums on available-for-sale securities (67.2) (49.8)
Other 5.0 10.8
Changes in operating assets and liabilities:    
Increase in accounts receivable (33.4) (138.7)
Increase in deferred contract costs (892.3) (890.8)
Increase in other assets (327.7) (154.9)
(Decrease)/increase in accounts payable (33.0) 42.0
Increase/(decrease) in accrued expenses and other liabilities 210.1 (20.9)
Net cash flows provided by operating activities 4,013.2 3,500.5
Cash Flows from Investing Activities:    
Purchases of corporate and client funds marketable securities (9,602.3) (5,656.4)
Proceeds from the sales and maturities of corporate and client funds marketable securities 6,369.1 3,782.9
Capital expenditures (123.8) (134.6)
Additions to intangibles (352.4) (276.8)
Acquisitions of businesses, net of cash acquired (22.9) (1,165.1)
Proceeds from the sale of property, plant, and equipment and other assets 0.0 3.3
Other (23.5) (11.5)
Net cash flows used in investing activities (3,755.8) (3,458.2)
Cash Flows from Financing Activities:    
Net increase in client funds obligations 15,531.2 634.4
Net cash (distributed)/received from the Internal Revenue Service (6.8) (549.2)
Payments of debt (0.8) (0.9)
Proceeds from the issuance of debt 0.0 988.9
Settlement of cash flow hedges 0.0 (12.5)
Repurchases of common stock (1,463.2) (956.5)
Net (repurchases)/proceeds from stock-based compensation plans and stock purchase plan (20.0) 98.7
Dividends paid (1,943.1) (1,773.1)
Net (payments)/proceeds related to reverse repurchase agreements (28.2) (346.2)
Net (payments)/proceeds related to commercial paper (4,769.5) 0.0
Net cash flows provided by/(used in) financing activities 7,299.6 (1,916.4)
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents (13.7) (12.7)
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents 7,543.3 (1,886.8)
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period 5,054.6 10,086.0
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period 12,597.9 8,199.2
Supplemental disclosures of cash flow information:    
Cash paid for interest 328.5 339.9
Cash paid for income taxes, net of income tax refunds $ 462.1 $ 836.9