Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 41

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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$66.2 Short-term lease cost0.2 0.4 0.5 0.9 Variable lease cost4.6 4.8 11.2 8.0 Total operating lease cost$32.1 $37.4 $66.5 $75.1 The following table provides supplemental cash flow information related to the Company's leases:Six Months EndedDecember 31,20242023Cash paid for operating lease liabilities$59.3 $63.6 Operating lease ROU assets obtained in exchange for new operating lease liabilities$31.7 $45.8 Other information related to our operating lease liabilities is as follows:December 31,June 30,20242024Weighted-average remaining lease term (in years)55Weighted-average discount rate3.4 %3.3 %Current operating lease liability$94.6 $92.2 

15

As of December 31, 2024, maturities of operating lease liabilities are as follows:Six months ending June 30, 2025$55.2 Twelve months ending June 30, 2026100.1 Twelve months ending June 30, 202787.1 Twelve months ending June 30, 202866.6 Twelve months ending June 30, 202944.4 Thereafter77.7 Total undiscounted lease obligations431.1 Less: Imputed interest(36.2)Net lease obligations$394.9 

Note 9. Goodwill and Intangible Assets, net

Changes in goodwill for the six months ended December 31, 2024 are as follows:  EmployerServicesPEOServicesTotalBalance at June 30, 2024$2,348.8 $4.8 $2,353.6 Additions and other adjustments846.4 — 846.4 Currency translation adjustments(16.1)— (16.1)Balance at December 31, 2024$3,179.1 $4.8 $3,183.9 Components of intangible assets, net, are as follows:December 31,June 30,20242024Intangible assets:  Software and software licenses$4,098.6 $3,803.7 Customer contracts and lists1,420.0 1,181.6