Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 94

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 8
Chunk 94
---
 in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2024, are as follows:June 30, 2024Securities in Unrealized Loss Position Less Than 12 MonthsSecurities in Unrealized Loss Position Greater Than 12 MonthsTotalGrossUnrealizedLossesFair MarketValueGrossUnrealizedLossesFair MarketValue GrossUnrealizedLossesFairMarket ValueCorporate bonds$(25.8)$2,173.6 $(919.0)$12,413.4 $(944.8)$14,587.0 U.S. Treasury securities(23.1)2,186.2 (141.4)4,076.9 (164.5)6,263.1 Canadian government obligations and Canadian government agency obligations(0.9)304.6 (85.7)1,591.6 (86.6)1,896.2 U.S. government agency securities(0.7)51.5 (139.9)1,428.2 (140.6)1,479.7 Asset-backed securities(2.3)351.4 (40.7)668.0 (43.0)1,019.4 Canadian provincial bonds(1.3)193.0 (54.9)717.4 (56.2)910.4 Commercial mortgage-backed securities(0.5)11.2 (34.6)489.6 (35.1)500.8 Other securities(12.2)288.5 (63.7)864.8 (75.9)1,153.3  $(66.8)$5,560.0 $(1,479.9)$22,249.9 $(1,546.7)$27,809.9 At December 31, 2024, corporate bonds include investment-grade debt securities with a wide variety of issuers, industries, and sectors, primarily carrying credit ratings of A and above, and have maturities ranging from January 2025 through September 2034. At December 31, 2024, asset-backed securities include AAA-rated senior tranches of securities with predominantly prime collateral of fixed-rate auto loan, credit card, and equipment lease receivables with fair values of $751.9 million, $480.1