Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 34

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 (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, 2023, there were no stock options excluded from the calculation of diluted earnings per share due to anti-dilution.

Note 6. Other (Income)/Expense, NetThree Months EndedSix Months EndedDecember 31,December 31,2024202320242023Interest income on corporate funds$(83.9)$(56.9)$(175.5)$(103.4)Realized losses on available-for-sale securities, net0.6 2.0 0.8 4.0 Gain on sale of assets— (1.4)(2.4)(16.0)Non-service components of pension income, net (see Note 12)(7.8)(8.5)(15.7)(17.1)Other (income)/expense, net$(91.1)$(64.8)$(192.8)$(132.5)

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Note 7. Corporate Investments and Funds Held for Clients

Corporate investments and funds held for clients at December