Rendering
Component: (Network and Table) |
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Network | 2324301 - Disclosure - Income Taxes Income Taxes (Tables) (http://www.adp.com/role/IncomeTaxesIncomeTaxesTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0000008670 (http://www.sec.gov/CIK) |
Income Tax Disclosure [Abstract] | Period [Axis] |
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2015-07-01 - 2016-06-30 |
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Income Tax Disclosure [Abstract] | |
Income Tax From Continuing Operations Provision For Income Tax Components Disclosure | | | | | | | | | | | | | | | Years ended June 30, | | 2016 | | 2015 | | 2014 | | | | | | | | Earnings from continuing operations before income taxes: | | | | | | | United States | | $ | 2,028.5 |
| | $ | 1,895.3 |
| | $ | 1,635.6 |
| Foreign | | 206.2 |
| | 175.4 |
| | 243.6 |
| | | $ | 2,234.7 |
| | $ | 2,070.7 |
| | $ | 1,879.2 |
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Schedule Of Components Of Provision (Benefit) For Income Taxes | | | | | | | | | | | | | | | Years ended June 30, | | 2016 | | 2015 | | 2014 | | | | | | | | Current: | | | | | | | Federal | | $ | 579.0 |
| | $ | 576.3 |
| | $ | 552.1 |
| Foreign | | 85.0 |
| | 93.1 |
| | 71.3 |
| State | | 76.6 |
| | 40.1 |
| | 51.1 |
| Total current | | 740.6 |
| | 709.5 |
| | 674.5 |
| | | | | | | | Deferred: | | | | | | | Federal | | 17.7 |
| | (1.3 | ) | | (32.7 | ) | Foreign | | (15.7 | ) | | (17.0 | ) | | (10.3 | ) | State | | (1.3 | ) | | 3.0 |
| | 5.1 |
| Total deferred | | 0.7 |
| | (15.3 | ) | | (37.9 | ) | Total provision for income taxes | | $ | 741.3 |
| | $ | 694.2 |
| | $ | 636.6 |
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Reconciliation Between Federal Statutory Tax And Effective Tax Rate | | | | | | | | | | | | | | | | | | | | | | | | Years ended June 30, | | 2016 | | % | | 2015 | | % | | 2014 | | % | | | | | | | | | | | | | | Provision for taxes at U.S. statutory rate | | $ | 782.1 |
| | 35.0 |
| | $ | 724.8 |
| | 35.0 |
| | $ | 657.7 |
| | 35.0 |
| | | | | | | | | | | | | | Increase (decrease) in provision from: | | | | | | | | | | | | | State taxes, net of federal tax benefit | | 47.2 |
| | 2.1 |
| | 34.8 |
| | 1.7 |
| | 33.4 |
| | 1.8 |
| U.S. tax on foreign income | | 122.6 |
| | 5.5 |
| | 155.3 |
| | 7.5 |
| | 26.6 |
| | 1.4 |
| Utilization of foreign tax credits | | (155.4 | ) | | (7.0 | ) | | (177.1 | ) | | (8.6 | ) | | (26.2 | ) | | (1.4 | ) | Section 199 - Qualified production activities | | (31.9 | ) | | (1.4 | ) | | (28.9 | ) | | (1.4 | ) | | (23.0 | ) | | (1.2 | ) | Other | | (23.3 | ) | | (1.0 | ) | | (14.7 | ) | | (0.7 | ) | | (31.9 | ) | | (1.7 | ) | | | $ | 741.3 |
| | 33.2 |
| | $ | 694.2 |
| | 33.5 |
| | $ | 636.6 |
| | 33.9 |
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Components Of Deferred Tax Assets And Liabilities | | | | | | | | | | | Years ended June 30, | | 2016 | | 2015 | | | | | | Deferred tax assets: | | | | | Accrued expenses not currently deductible | | $ | 262.8 |
| | $ | 240.6 |
| Stock-based compensation expense | | 74.6 |
| | 72.3 |
| Net operating losses | | 46.0 |
| | 47.5 |
| Other | | 70.8 |
| | 23.5 |
| | | 454.2 |
| | 383.9 |
| Less: valuation allowances | | (15.4 | ) | | (23.7 | ) | Deferred tax assets, net | | $ | 438.8 |
| | $ | 360.2 |
| | | | | | Deferred tax liabilities: | | | | | Prepaid retirement benefits | | $ | 77.2 |
| | $ | 147.9 |
| Deferred revenue | | 43.2 |
| | 36.6 |
| Fixed and intangible assets | | 171.4 |
| | 122.5 |
| Prepaid expenses | | 118.0 |
| | 108.5 |
| Unrealized investment gains, net | | 176.2 |
| | 71.9 |
| Tax on unrepatriated earnings | | — |
| | 5.1 |
| Other | | 3.6 |
| | 1.9 |
| Deferred tax liabilities | | $ | 589.6 |
| | $ | 494.4 |
| Net deferred tax liabilities | | $ | 150.8 |
| | $ | 134.2 |
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Summary of Income Tax Contingencies | | | | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | | | | | | | | Unrecognized tax benefits at beginning of the year | | $ | 27.1 |
| | $ | 56.5 |
| | $ | 67.0 |
| Additions for tax positions | | 3.8 |
| | 2.4 |
| | 3.6 |
| Additions for tax positions of prior periods | | 3.5 |
| | 3.1 |
| | 6.8 |
| Reductions for tax positions of prior periods | | (0.1 | ) | | (6.5 | ) | | (3.7 | ) | Settlement with tax authorities | | (1.7 | ) | | (12.2 | ) | | (4.4 | ) | Expiration of the statute of limitations | | (4.9 | ) | | (14.0 | ) | | (13.7 | ) | Impact of foreign exchange rate fluctuations | | (0.3 | ) | | (2.2 | ) | | 0.9 |
| Unrecognized tax benefit at end of year | | $ | 27.4 |
| | $ | 27.1 |
| | $ | 56.5 |
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Summary of Income Tax Examinations | | | | | Taxing Jurisdiction | | Fiscal Years under Examination | U.S. (IRS) | | 2015-2016 | Arizona | | 2010-2013 | California | | 2012-2014 | Illinois | | 2007-2014 | New York | | 2010-2014 | New Jersey | | 2011-2014 | Canada | | 2012-2014 | India | | 2004-2011, 2013-2015 |
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