Company: ADP
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000008670-25-000047
Chunk: 83

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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-sale securities: Corporate bonds17,515.2 108.7 (420.2)17,203.7 U.S. Treasury securities8,416.8 85.6 (43.7)8,458.7 Canadian government obligations and Canadian government agency obligations1,972.0 16.4 (32.4)1,956.0 Asset-backed securities1,837.8 22.6 (15.5)1,844.9 U.S. government agency securities1,328.5 2.3 (80.0)1,250.8 Canadian provincial bonds1,155.8 13.8 (27.7)1,141.9 Other securities1,977.3 7.2 (62.8)1,921.7 Total available-for-sale securities34,203.4 256.6 (682.3)33,777.7 Total corporate investments and funds held for clients$39,258.0 $256.6 $(682.3)$38,832.3 (B) Included within available-for-sale securities are corporate investments with fair values of $4,498.8 million and funds held for clients with fair values of $29,278.9 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy. For a description of the fair value hierarchy and the Company's fair value methodologies, including the use of an independent third-party pricing service, see Note 1 “Summary of Significant Accounting Policies” in the Company's Annual Report on Form 10-K for fiscal 2025. The Company concurred with and did not adjust the prices obtained from the independent pricing service. The Company had no available-for-sale securities included in Level 1 or Level 3 at September 30, 2025.The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of September 30, 2025, are as follows: September 30, 2025Securities in Unrealized Loss Position Less Than 12 MonthsSecurities in Unrealized Loss Position Greater Than 12 MonthsTotalGrossUnrealizedLossesFair MarketValueGrossUnrealizedLossesFair MarketValue GrossUnrealizedLossesFairMarket ValueCorporate bonds$(1.4)$292.7 $(