Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 118

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 118
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 were as follows: Year endedJune 30,202520242023Operating lease cost$111.8 $125.0 $135.2 Short-term lease cost1.2 1.4 2.0 Variable lease cost20.3 18.3 16.1 Total operating lease cost$133.3 $144.7 $153.3 

65

The following table provides supplemental cash flow information related to the Company's leases:Year endedJune 30,202520242023Cash paid for operating lease liabilities$127.5 $125.5 $129.2 Operating lease ROU assets obtained in exchange for new operating lease liabilities$100.7 $97.4 $90.5 Other information related to our operating lease liabilities is as follows:June 30,June 30,20252024Weighted-average remaining lease term (in years)65Weighted-average discount rate3.6 %3.3 %Current operating lease liability$100.8 $92.2 As of June 30, 2025, maturities of operating lease liabilities are as follows:Twelve months ending June 30, 2026$107.8 Twelve months ending June 30, 202798.6 Twelve months ending June 30, 202876.9 Twelve months ending June 30, 202953.1 Twelve months ending June 30, 203042.4 Thereafter90.4 Total undiscounted lease obligations469.2 Less: Imputed interest(47.2)Net lease obligations$422.0 

NOTE 8. GOODWILL AND INTANGIBLE ASSETS, NET

Changes in goodwill for the fiscal years ended June 30, 2025 and 2024 are as follows:  EmployerServicesPEOServicesTotalBalance at June 30, 2023$2,334.6 $4.8 $2,339.4 Additions and other adjustments24.4 — 24.4 Currency translation adjustments(10.2)— (10.2)Balance at June 30, 2024$2,348.8 $4.8 $2,353.6 Additions and other adjustments887.0 — 887.0 Currency translation adjustments32.9 — 32.9 Balance at June