Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 117

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 117
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 received from and paid on behalf of clients on a net basis within net increase in client funds obligations in the financing activities section of the Statements of Consolidated Cash Flows. All available-for-sale securities were rated as investment grade at June 30, 2025.

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Expected maturities of available-for-sale securities at June 30, 2025 are as follows:One year or less$7,654.5 One year to two years5,888.4 Two years to three years4,322.9 Three years to four years5,106.0 After four years10,805.9 Total available-for-sale securities$33,777.7 

NOTE 6.  PROPERTY, PLANT AND EQUIPMENT 

Property, plant and equipment at cost and accumulated depreciation at June 30, 2025 and 2024 are as follows:June 30,20252024Property, plant and equipment:Land and buildings$637.2 $648.1 Data processing equipment1,264.5 1,185.2 Furniture, leaseholds and other675.7 670.0 2,577.4 2,503.3 Less: accumulated depreciation(1,922.0)(1,817.7)Property, plant and equipment, net$655.4 $685.6 Depreciation of property, plant and equipment was $201.8 million, $190.3 million, and $176.5 million for fiscal 2025, 2024 and 2023, respectively.As of June 30, 2025, the Company did not have any assets classified as held for sale. As of June 30, 2024, the Company had certain assets classified as held for sale with a fair value of approximately $5.0 million, which is not material for reclassification separately on the Consolidated Balance Sheet.

NOTE 7.  LEASES

The Company records leases on the Consolidated Balance Sheets as operating lease ROU assets, records the current portion of operating lease liabilities within accrued expenses and other current liabilities and, separately, records long-term operating lease liabilities. The difference between total ROU assets and total lease liabilities are primarily attributable to prepayments of our obligations and the recognition of various lease incentives. The Company has entered into operating lease agreements for facilities and equipment. The Company's leases have remaining lease terms of up to approximately eleven years. The components of operating lease expense