Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 113

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 113
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U.S. government agency securities1,645.0 0.5 (140.6)1,504.9 Asset-backed securities1,394.9 3.9 (43.0)1,355.8 Canadian provincial bonds1,116.3 2.3 (56.2)1,062.4 Commercial mortgage-backed securities535.9 — (35.1)500.8 Other securities1,366.0 2.0 (75.9)1,292.1 Total available-for-sale securities32,723.3 30.9 (1,546.7)31,207.5 Total corporate investments and funds held for clients$42,809.3 $30.9 $(1,546.7)$41,293.5 

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(B) Included within available-for-sale securities are corporate investments with fair values of $384.0 million and funds held for clients with fair values of $30,823.5 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy. For a description of the fair value hierarchy and the Company's fair value methodologies, including the use of an independent third-party pricing service, see Note 1 “Summary of Significant Accounting Policies.” The Company concurred with and did not adjust the prices obtained from the independent pricing service. The Company had no available-for-sale securities included in Level 1 or Level 3 at June 30, 2025. The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2025, are as follows: June 30, 2025Securities in unrealized loss position less than 12 monthsSecurities in unrealized loss position greater than 12 monthsTotalGross                                                                UnrealizedLossesFair MarketValueGross                                                                UnrealizedLossesFair MarketValue GrossUnrealizedLossesFairMarket ValueCorporate bonds$(5.4)$690.4 $(414.8)$10,218.8 $(420.2)$10,909.2 U.S. Treasury securities(0.8)732.2 (42.9)1,801.7 (43.7)2,533.9 Canadian government obligations and Canadian government agency obligations(1.4)219.2