Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 90

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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 based upon the remaining useful economic lives of the intangible assets that are expected to contribute directly or indirectly to the future cash flows. The estimated fair value of intangible assets and related useful lives as included in the estimated purchase price allocation include:Estimated Fair ValueEstimated Useful Life (in years)Technology$200.0 7Customer/Partner relationships$210.0 8Tradename$7.0 4The goodwill recorded as a result of the WorkForce Software transaction represents future economic benefits the Company expects to achieve as a result of the acquisition, including expected synergies along with the value of the assembled workforce. None of the goodwill resulting from the acquisition is tax deductible.

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Note 5.  Earnings per Share (“EPS”)BasicEffect of Employee Stock Option SharesEffect ofEmployeeRestrictedStockSharesDilutedThree Months Ended December 31, 2024    Net earnings$963.2   $963.2 Weighted average shares (in millions)407.6 0.6 0.8 409.0 EPS$2.36   $2.35 Three Months Ended December 31, 2023    Net earnings$878.4   $878.4 Weighted average shares (in millions)411.1 0.8 0.6 412.5 EPS$2.14   $2.13 Six Months Ended December 31, 2024Net earnings$1,919.5   $1,919.5 Weighted average shares (in millions)407.7 0.7 0.9 409.3 EPS$4.71   $4.69 Six Months Ended December 31, 2023    Net earnings$1,737.8   $1,737.8 Weighted average shares (in millions)411.4 0.9 1.7 414.0 EPS$4.22   $4.20 

For the three and six months ended December 31, 2024, there were no stock options excluded from the calculation of diluted earnings per share due to anti-dilution. For the three months ended December 31, 2023, there were 0.1 million stock options excluded from the calculation of diluted earnings per share due to anti-dilution. For the six months ended December 31,