Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 42

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 cost$32.3 $34.4 $98.9 $109.5 The following table provides supplemental cash flow information related to the Company's leases:Nine Months EndedMarch 31,20252024Cash paid for operating lease liabilities$95.4 $95.6 Operating lease ROU assets obtained in exchange for new operating lease liabilities$44.5 $54.2 Other information related to our operating lease liabilities is as follows:March 31,June 30,20252024Weighted-average remaining lease term (in years)55Weighted-average discount rate3.4 %3.3 %Current operating lease liability$100.3 $92.2 

15

As of March 31, 2025, maturities of operating lease liabilities are as follows:Three months ending June 30, 2025$28.4 Twelve months ending June 30, 2026103.4 Twelve months ending June 30, 202789.5 Twelve months ending June 30, 202867.5 Twelve months ending June 30, 202945.0 Thereafter83.7 Total undiscounted lease obligations417.5 Less: Imputed interest(34.0)Net lease obligations$383.5 

Note 9. Goodwill and Intangible Assets, net

Changes in goodwill for the nine months ended March 31, 2025 are as follows:  EmployerServicesPEOServicesTotalBalance at June 30, 2024$2,348.8 $4.8 $2,353.6 Additions and other adjustments947.3 — 947.3 Currency translation adjustments(0.7)— (0.7)Balance at March 31, 2025$3,295.4 $4.8 $3,300.2 Components of intangible assets, net, are as follows:March 31,June 30,20252024Intangible assets:  Software and software licenses$4,042.7 $3,803.7 Customer contracts and lists1,394.8 1,181.6 Other intangibles249.5 242.0  5,687.0 5,227.3 Less accumulated amortization: Software and software licenses(2,762.8)(2,642.