Secured basis through the use of reverse repurchase

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secured basis through the use of reverse repurchase agreements, which are collateralized principally by government and government agency securities, rather than liquidating previously-collected client funds that have already been invested in available-for-sale securities. These agreements generally have terms ranging from overnight to up to five business days . At June 30, 2018 and 2017 , there were no outstanding obligations related to the reverse repurchase agreements. In fiscal 2018 and 2017 , the Company had average outstanding balances under reverse repurchase agreements of $374.4 million and $274.8 million , respectively, at weighted average interest rates of 1.3% and 0.6% , respectively.
Long Term Debt Long Term DebtDebt Disclosure [Abstract]Debt Disclosure [Text Block]
12 Months EndedJun. 30, 2018NOTE 10 . LONG TERM DEBT The Company has fixed-rate notes with 5 -year and 10 -year maturities for an aggregate principal amount of $2.0 billion (collectively the “Notes”). The Notes are senior unsecured obligations, and interest is payable in arrears, semi-annually. The principal amounts and associated effective interest rates of the Notes and other debt as of June 30, 2018 and 2017 are as follows: Debt instrument Effective Interest Rate June 30, 2018 June 30, 2017 Fixed-rate 2.250% notes due September 15, 2020 2.37% $ 1,000.0 $ 1,000.0 Fixed-rate 3.375% notes due September 15, 2025 3.47% 1,000.0 1,000.0 Other 13.0 20.3 2,013.0 2,020.3 Less: current portion (2.5 ) (7.8 ) Less: unamortized discount and debt issuance costs (8.1 ) (10.1 ) Total long-term debt $ 2,002.4 $ 2,002.4 The effective interest rates for the Notes include the interest on the Notes and amortization of the discount and debt issuance costs. As of June 30, 2018 , the fair value of the Notes, based on level 2 inputs, was $1,976.0 million . For a description of the fair value hierarchy and the Company's fair value methodologies, including the use of an independent third-party pricing service, see Note 1 "Summary of Significant Accounting Policies."
Employee Benefit PlansRetirement Benefits [Abstract]Employee Benefit Plans
12 Months EndedJun. 30, 2018NOTE 11 . EMPLOYEE BENEFIT PLANS A. Stock-based Compensation Plans. Stock-based compensation consists of the following: • Stock Options. Stock options are granted to employees at exercise prices equal to the fair market value of the Company's common stock on the dates of grant. Stock options are issued under a graded vesting schedule and have a term of 10 years . Options granted after July 1, 2008 generally vest ratably over four years . Compensation expense is measured based on the fair value of the stock option on the grant date and recognized over the requisite service period for each separately vesting portion of the stock option award. Stock options are forfeited if the employee ceases to be employed by the Company prior to vesting. • Restricted Stock. • Time-Based Restricted Stock and Time-Based Restricted Stock Units. Time-based restricted stock and time-based restricted stock units granted are generally subject to a vesting period of two years . Awards are forfeited if the employee ceases to be employed by the

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