2020 Q2 Form 10-K Financial Statement

#000072353120000048 Filed on July 17, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $915.1M $980.4M $1.070B
YoY Change -6.66% 15.93% 14.35%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $363.1M $373.0M $315.8M
YoY Change -2.65% 17.63% 7.09%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.70M $55.80M $32.10M
YoY Change -7.35% 56.3% 1.9%
% of Gross Profit
Operating Expenses $615.5M $665.9M $641.1M
YoY Change -7.57% 22.5% 13.05%
Operating Profit $299.6M $314.5M $429.3M
YoY Change -4.74% 4.1% 16.34%
Interest Expense -$8.000M -$4.000M $6.700M
YoY Change 100.0% -260.0% 509.09%
% of Operating Profit -2.67% -1.27% 1.56%
Other Income/Expense, Net -$9.200M -$100.0K
YoY Change
Pretax Income $291.6M $310.5M $425.6M
YoY Change -6.09% 1.94% 14.62%
Income Tax $70.90M $80.10M $101.0M
% Of Pretax Income 24.31% 25.8% 23.73%
Net Earnings $220.7M $230.4M $324.6M
YoY Change -4.21% 5.83% -11.6%
Net Earnings / Revenue 24.12% 23.5% 30.33%
Basic Earnings Per Share $0.62 $0.64 $0.90
Diluted Earnings Per Share $0.61 $0.64 $0.90
COMMON SHARES
Basic Shares Outstanding 358.7M 359.4M 359.2M
Diluted Shares Outstanding 360.7M 362.5M 361.6M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $932.0M $713.0M $732.0M
YoY Change 30.72% 68.16% 73.87%
Cash & Equivalents $905.2M $673.6M $696.4M
Short-Term Investments $27.00M $39.00M $36.00M
Other Short-Term Assets $3.742B $4.111B $5.715B
YoY Change -8.98% -16.87% 41.25%
Inventory
Prepaid Expenses
Receivables $764.0M $827.0M $821.0M
Other Receivables $26.00M $27.00M $24.00M
Total Short-Term Assets $5.465B $5.678B $7.292B
YoY Change -3.75% -3.66% 44.42%
LONG-TERM ASSETS
Property, Plant & Equipment $407.4M $408.7M $404.7M
YoY Change -0.32% 3.86% 1.94%
Goodwill $1.791B $1.783B $1.782B
YoY Change 0.48% 118.99%
Intangibles $330.6M $399.1M $420.9M
YoY Change -17.16% 182.25%
Long-Term Investments $10.00M $10.00M $20.00M
YoY Change 0.0% -96.62% -95.06%
Other Assets $38.20M $24.90M $18.40M
YoY Change 53.41% 51.83% -68.81%
Total Long-Term Assets $3.086B $2.998B $3.071B
YoY Change 2.93% 48.3% 71.18%
TOTAL ASSETS
Total Short-Term Assets $5.465B $5.678B $7.292B
Total Long-Term Assets $3.086B $2.998B $3.071B
Total Assets $8.551B $8.676B $10.36B
YoY Change -1.44% 9.61% 51.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.40M $75.90M $73.90M
YoY Change 4.61% 2.99% 2.64%
Accrued Expenses $681.0M $725.0M $840.0M
YoY Change -6.07% 125.86% 135.96%
Deferred Revenue $39.20M $40.30M $39.40M
YoY Change -2.73% 16.47%
Short-Term Debt $5.100M $0.00 $53.60M
YoY Change -7.59%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.427B $4.845B $6.550B
YoY Change -8.63% -8.53% 41.65%
LONG-TERM LIABILITIES
Long-Term Debt $796.8M $796.4M $800.0M
YoY Change 0.05%
Other Long-Term Liabilities $174.4M $151.7M $165.7M
YoY Change 14.96% 70.26% 25.53%
Total Long-Term Liabilities $971.2M $948.1M $965.7M
YoY Change 2.44% 964.09% 631.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.427B $4.845B $6.550B
Total Long-Term Liabilities $971.2M $948.1M $965.7M
Total Liabilities $5.769B $6.057B $7.765B
YoY Change -4.74% 8.96% 61.87%
SHAREHOLDERS EQUITY
Retained Earnings $1.431B $1.410B $1.426B
YoY Change 1.55% 11.63%
Common Stock $1.294B $1.210B $1.192B
YoY Change 6.91% 7.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.781B $2.620B $2.598B
YoY Change
Total Liabilities & Shareholders Equity $8.551B $8.676B $10.36B
YoY Change -1.44% 9.61% 51.44%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $220.7M $230.4M $324.6M
YoY Change -4.21% 5.83% -11.6%
Depreciation, Depletion And Amortization $51.70M $55.80M $32.10M
YoY Change -7.35% 56.3% 1.9%
Cash From Operating Activities $388.2M $248.7M $525.6M
YoY Change 56.09% -13.5% 11.95%
INVESTING ACTIVITIES
Capital Expenditures -$36.70M -$37.60M -$29.70M
YoY Change -2.39% -42.24% 2.06%
Acquisitions
YoY Change
Other Investing Activities $444.2M -$1.052B -$562.6M
YoY Change -142.22% -266.97% -146.35%
Cash From Investing Activities $407.5M -$1.090B -$592.3M
YoY Change -137.4% -292.87% -150.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.208B -1.929B 2.304B
YoY Change -37.37% -528.54% -295.57%
NET CHANGE
Cash From Operating Activities 388.2M 248.7M 525.6M
Cash From Investing Activities 407.5M -1.090B -592.3M
Cash From Financing Activities -1.208B -1.929B 2.304B
Net Change In Cash -412.7M -2.770B 2.238B
YoY Change -85.1% -312.66% 370.3%
FREE CASH FLOW
Cash From Operating Activities $388.2M $248.7M $525.6M
Capital Expenditures -$36.70M -$37.60M -$29.70M
Free Cash Flow $424.9M $286.3M $555.3M
YoY Change 48.41% -18.8% 11.37%

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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q2 us-gaap Restricted Cash
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Nature Of Operations
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<span style="white-space:pre-wrap; font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> </span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 0;text-align: justify;text-indent: 0.33in;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">Description of business:</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> Paychex, Inc. and its wholly owned subsidiaries (collectively, the “Company” or “Paychex”) is a leading provider of integrated human capital management (“HCM”) solutions for human resources (“HR”), payroll, benefits, and insurance services for small- to medium-sized businesses in the United States (“U.S.”). </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">The Company also has operations in parts of Europe. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 12pt;text-align: justify;text-indent: 0.33in;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Paychex, a Delaware corporation formed in 1979</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">, reports as </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">one</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> segment. </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Substantially all of the Company’s revenue is generated within the U.S. The Company also generates revenue within parts of Europe, which represented </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">one</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> percent of the Company’s total revenue for each of the fiscal years ended May 31, 2020 (“fiscal 2020”) and May 31, 2019 (“fiscal 2019”), and less than </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">one</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> percent for the fiscal year ended May 31, 2018 (“fiscal 2018”). Long-lived assets in Europe </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">were </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">approximately </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">five</span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> percent </span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">of total long-lived assets of the Company as of both</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> May 31, 2020 and May 31, 2019, respectively.</span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 12pt;text-align: justify;text-indent: 0.33in;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Within Paychex’s HCM solutions, Paychex offers a comprehensive portfolio of services and products that allow its clients to meet their diverse HR and payroll needs. Clients can select services on an á la carte basis or as part of various product bundles. Paychex’s offerings often leverage the information gathered in its base payroll processing service, allowing the Company to provide comprehensive outsourcing services covering the HCM spectrum.</span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 12pt;text-align: justify;text-indent: 0.33in;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Paychex supports its small business clients utilizing its proprietary, robust, software-as-a-service (“SaaS”) Paychex Flex</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"><sup>®</sup></span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> platform and the Company’s SurePayroll</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"><sup>®</sup></span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> SaaS-based products. </span><span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Both products allow users to process payroll when they want, how they want, and on any device (desktop, tablet, and mobile phone). Paychex’s mid-market clients generally have more complex payroll and employee benefit needs. However, in the current environment of increasing regulations, the Company believes the needs for HR outsourcing solutions have been moving down-market. Any of the Company’s clients on Paychex Flex can opt for the integrated suite of HCM solutions, which allows clients to choose the services and software that will meet the needs of their business. </span></p><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 10pt;line-height: 108%;margin-bottom: .001pt;margin-left: 0;margin-right: 0;margin-top: 12pt;text-align: justify;text-indent: 0.33in;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Total revenue is comprised of service revenue and interest on funds held for clients. Service revenue is comprised primarily of the fees earned on the portfolio of HCM services, which include payroll processing, complementary HR management and administration services, PEO (“Professional Employer Organization”) solutions, and insurance agency commissions. Refer to Note B of this Item 8 for further discussion of the Company’s service revenue. </span></p>
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">Reclassifications:</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported consolidated earnings.</span>
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
12500000
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7500000
CY2020Q2 payx Advance Collections Current
AdvanceCollectionsCurrent
6100000
CY2019Q2 payx Advance Collections Current
AdvanceCollectionsCurrent
4200000
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">Concentrations:</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;"> Substantially all of the Company’s deposited cash is maintained at large well-capitalized (as defined by their regulators) financial institutions. These deposits may exceed the amount of any insurance provided. All of the Company’s deliverable securities, primarily municipal bond securities, are held in custody with certain of the aforementioned financial institutions, for which that institution bears the risk of custodial loss. Non-deliverable securities are primarily time deposits and money market funds.</span>
CY2019Q2 us-gaap Goodwill
Goodwill
1800000000
CY2020Q2 us-gaap Goodwill
Goodwill
1800000000
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2018 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
0
CY2019 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
0
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
0
CY2019 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2020 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2020Q2 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
72300000
CY2019Q2 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
71100000
CY2020Q2 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
101300000
CY2019Q2 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
99200000
CY2019 payx Maximum Individual Claims Liability Health Insurance
MaximumIndividualClaimsLiabilityHealthInsurance
300000
CY2020 payx Maximum Individual Claims Liability Health Insurance
MaximumIndividualClaimsLiabilityHealthInsurance
300000
CY2020Q2 payx Peo Health Insurance Dental And Vision Plan Costs Current Liabilities
PeoHealthInsuranceDentalAndVisionPlanCostsCurrentLiabilities
36700000
CY2019Q2 payx Peo Health Insurance Dental And Vision Plan Costs Current Liabilities
PeoHealthInsuranceDentalAndVisionPlanCostsCurrentLiabilities
25400000
CY2020Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
26500000
CY2019Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
21600000
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<span style="white-space:pre-wrap; color: #000000;font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">Use of estimates</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: italic;font-weight: bold;margin: 0;padding: 0;">:</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 10pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">  The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates, judgments, and assumptions that affect reported amounts of assets, liabilities, revenue, and expenses during the reporting period. Actual amounts and results could differ from these estimates.</span>
CY2020 payx Direct Pass Through Cost Payroll Wages And Taxes Including Federal And State Unemployment Insurance
DirectPassThroughCostPayrollWagesAndTaxesIncludingFederalAndStateUnemploymentInsurance
20500000000
CY2019 payx Direct Pass Through Cost Payroll Wages And Taxes Including Federal And State Unemployment Insurance
DirectPassThroughCostPayrollWagesAndTaxesIncludingFederalAndStateUnemploymentInsurance
14500000000
CY2018 payx Direct Pass Through Cost Payroll Wages And Taxes Including Federal And State Unemployment Insurance
DirectPassThroughCostPayrollWagesAndTaxesIncludingFederalAndStateUnemploymentInsurance
7700000000
CY2020 payx Direct Pass Through Cost State Unemployment Insurance
DirectPassThroughCostStateUnemploymentInsurance
85700000
CY2019 payx Direct Pass Through Cost State Unemployment Insurance
DirectPassThroughCostStateUnemploymentInsurance
82300000
CY2018 payx Direct Pass Through Cost State Unemployment Insurance
DirectPassThroughCostStateUnemploymentInsurance
47500000
CY2020 payx Direct Pass Through Cost Guaranteed Cost Benefit Plans
DirectPassThroughCostGuaranteedCostBenefitPlans
647000000.0
CY2019 payx Direct Pass Through Cost Guaranteed Cost Benefit Plans
DirectPassThroughCostGuaranteedCostBenefitPlans
451800000
CY2018 payx Direct Pass Through Cost Guaranteed Cost Benefit Plans
DirectPassThroughCostGuaranteedCostBenefitPlans
274200000
CY2020 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
the Company defers revenue associated with these performance obligations, which exceed one year, and subsequently recognizes these as future services are provided, over approximately three years to four years
CY2019Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
45700000
CY2018Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
46400000
CY2020 payx Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
24700000
CY2019 payx Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
27600000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
27800000
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
28300000
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
42600000
CY2019Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
45700000
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
21600000
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
21000000.0
CY2019 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2020 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
0
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1098100000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1034400000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
994100000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
358500000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
359200000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
359000000.0
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.06
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.88
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.77
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1098100000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1034400000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
994100000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
358500000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
359200000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
359000000.0
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2500000
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2600000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2500000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
361000000.0
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
361800000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
361500000
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.04
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.86
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.75
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
700000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
700000
CY2019 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3958000000.0
CY2018 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3680500000
CY2019 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1021700000
CY2018 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
984200000
CY2020 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
12300000
CY2019 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
13300000
CY2018 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
11900000
CY2020 us-gaap Interest Expense
InterestExpense
38800000
CY2019 us-gaap Interest Expense
InterestExpense
17600000
CY2018 us-gaap Interest Expense
InterestExpense
3900000
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3100000
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000.0
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
600000
CY2020 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-23400000
CY2019 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-3300000
CY2018 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
8600000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
44100000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
17300000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47400000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46200000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
44600000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000.0
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8900000
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
14500000
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
65000000.0
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y9M18D
CY2020Q2 payx Funds Held For Clients Money Market Securities And Other Cash Equivalents Amortized Cost
FundsHeldForClientsMoneyMarketSecuritiesAndOtherCashEquivalentsAmortizedCost
683500000
CY2020Q2 payx Funds Held For Clients Money Market Securities And Other Cash Equivalents Fair Value
FundsHeldForClientsMoneyMarketSecuritiesAndOtherCashEquivalentsFairValue
683500000
CY2020Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2657200000
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
101700000
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1700000
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2757200000
CY2020Q2 payx Other Securities Amortized Cost
OtherSecuritiesAmortizedCost
25400000
CY2020Q2 payx Other Securities Gross Unrealized Gains
OtherSecuritiesGrossUnrealizedGains
2200000
CY2020Q2 payx Other Securities Gross Unrealized Losses
OtherSecuritiesGrossUnrealizedLosses
400000
CY2020Q2 payx Other Securities Fair Value
OtherSecuritiesFairValue
27200000
CY2020Q2 payx Funds Held For Clients And Corporate Investments Amortized Cost
FundsHeldForClientsAndCorporateInvestmentsAmortizedCost
3366100000
CY2020Q2 payx Funds Held For Clients And Corporate Investments Gross Unrealized Gains
FundsHeldForClientsAndCorporateInvestmentsGrossUnrealizedGains
103900000
CY2020Q2 payx Funds Held For Clients And Corporate Investments Gross Unrealized Losses
FundsHeldForClientsAndCorporateInvestmentsGrossUnrealizedLosses
2100000
CY2020Q2 payx Funds Held For Clients And Corporate Investments Fair Value
FundsHeldForClientsAndCorporateInvestmentsFairValue
3467900000
CY2019Q2 payx Funds Held For Clients Money Market Securities And Other Cash Equivalents Amortized Cost
FundsHeldForClientsMoneyMarketSecuritiesAndOtherCashEquivalentsAmortizedCost
204500000
CY2019Q2 payx Funds Held For Clients Money Market Securities And Other Cash Equivalents Fair Value
FundsHeldForClientsMoneyMarketSecuritiesAndOtherCashEquivalentsFairValue
204500000
CY2019Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
3601100000
CY2019Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
22400000
CY2019Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2700000
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
3620800000
CY2019Q2 payx Other Securities Amortized Cost
OtherSecuritiesAmortizedCost
26300000
CY2019Q2 payx Other Securities Gross Unrealized Gains
OtherSecuritiesGrossUnrealizedGains
1700000
CY2019Q2 payx Other Securities Gross Unrealized Losses
OtherSecuritiesGrossUnrealizedLosses
300000
CY2019Q2 payx Other Securities Fair Value
OtherSecuritiesFairValue
27700000
CY2019Q2 payx Funds Held For Clients And Corporate Investments Amortized Cost
FundsHeldForClientsAndCorporateInvestmentsAmortizedCost
3831900000
CY2019Q2 payx Funds Held For Clients And Corporate Investments Gross Unrealized Gains
FundsHeldForClientsAndCorporateInvestmentsGrossUnrealizedGains
24100000
CY2019Q2 payx Funds Held For Clients And Corporate Investments Gross Unrealized Losses
FundsHeldForClientsAndCorporateInvestmentsGrossUnrealizedLosses
3000000.0
CY2019Q2 payx Funds Held For Clients And Corporate Investments Fair Value
FundsHeldForClientsAndCorporateInvestmentsFairValue
3853000000.0
CY2020Q2 us-gaap Funds Held For Clients
FundsHeldForClients
3430500000
CY2019Q2 us-gaap Funds Held For Clients
FundsHeldForClients
3803800000
CY2020Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
27200000
CY2019Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
39000000.0
CY2020Q2 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
10200000
CY2019Q2 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
10200000
CY2020Q2 payx Funds Held For Clients And Corporate Investments Fair Value
FundsHeldForClientsAndCorporateInvestmentsFairValue
3467900000
CY2019Q2 payx Funds Held For Clients And Corporate Investments Fair Value
FundsHeldForClientsAndCorporateInvestmentsFairValue
3853000000.0
CY2020Q2 payx Net Unrealized Gain Loss On Available For Sale Securities
NetUnrealizedGainLossOnAvailableForSaleSecurities
100000000.0
CY2019Q2 payx Net Unrealized Gain Loss On Available For Sale Securities
NetUnrealizedGainLossOnAvailableForSaleSecurities
19700000
CY2020Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
19
CY2019Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
269
CY2020Q2 payx Available For Sale Securities In Unrealized Loss Positions Percentage
AvailableForSaleSecuritiesInUnrealizedLossPositionsPercentage
0.02
CY2019Q2 payx Available For Sale Securities In Unrealized Loss Positions Percentage
AvailableForSaleSecuritiesInUnrealizedLossPositionsPercentage
0.28
CY2020Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1700000
CY2020Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
66800000
CY2020Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
1700000
CY2020Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
66800000
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
9400000
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2700000
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
558500000
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
2700000
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
567900000
CY2020Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
1700000
CY2020 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
11600000
CY2019 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
600000
CY2018 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
300000
CY2020 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
300000
CY2019 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
600000
CY2018 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
200000
CY2020 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
11300000
CY2018 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
100000
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0206
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
353400000
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
355700000
CY2020Q2 payx Available For Sale Securities Debt Maturities After Year One Through Year Three Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesAfterYearOneThroughYearThreeAmortizedCostBasis
700900000
CY2020Q2 payx Available For Sale Securities Debt Maturities After Year One Through Year Three Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterYearOneThroughYearThreeFairValue
723500000
CY2020Q2 payx Available For Sale Securities Debt Maturities After Year Three Through Year Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesAfterYearThreeThroughYearFiveAmortizedCostBasis
812000000.0
CY2020Q2 payx Available For Sale Securities Debt Maturities After Year Three Through Year Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterYearThreeThroughYearFiveFairValue
850000000.0
CY2020Q2 payx Available For Sale Securities Debt Maturities After Five Years Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsAmortizedCostBasis
790900000
CY2020Q2 payx Available For Sale Securities Debt Maturities After Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue
828000000.0
CY2020Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2657200000
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2757200000
CY2020Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
43500000
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2757200000
CY2020Q2 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
27200000
CY2020Q2 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
26800000
CY2019Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
39200000
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
3620800000
CY2019Q2 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
27700000
CY2019Q2 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
27000000.0
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
114800000
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
37200000
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
96900000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
38200000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
8600000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
200000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
38200000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
42900000
CY2018 us-gaap Operating Lease Cost
OperatingLeaseCost
39900000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
41600000
CY2020 payx Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
34400000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21500000
CY2020 payx Lease Incentives Received
LeaseIncentivesReceived
6100000
CY2020 payx Lease Incentives Received
LeaseIncentivesReceived
6100000
CY2019 payx Lease Incentives Received
LeaseIncentivesReceived
3500000
CY2018 payx Lease Incentives Received
LeaseIncentivesReceived
7700000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
39400000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
29900000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
31600000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
21300000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
23700000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
13800000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
18500000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
10500000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13900000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
13800000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
10700000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
140900000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
86200000
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6800000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
134100000
CY2020Q2 payx Lessee Operating Number Of Leases Not Yet Commenced
LesseeOperatingNumberOfLeasesNotYetCommenced
2
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
37200000
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
96900000
CY2020Q2 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P10Y
CY2020Q2 payx Lessee Operating Lease Liability Payments Not Yet Commenced
LesseeOperatingLeaseLiabilityPaymentsNotYetCommenced
6800000
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1364600000
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1274800000
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
957200000
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
866100000
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
407400000
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
408700000
CY2020 us-gaap Depreciation
Depreciation
127800000
CY2019 us-gaap Depreciation
Depreciation
125700000
CY2018 us-gaap Depreciation
Depreciation
116900000
CY2019Q2 us-gaap Goodwill
Goodwill
1782600000
CY2018Q2 us-gaap Goodwill
Goodwill
814000000.0
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4100000
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
972100000
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
4500000
CY2019 us-gaap Goodwill Purchase Accounting Adjustments
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100000

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