Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 93

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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 of an independent third-party pricing service, see Note 1 “Summary of Significant Accounting Policies” in the Company's Annual Report on Form 10-K for fiscal 2024. 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 December 31, 2024.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 December 31, 2024, are as follows: December 31, 2024Securities in Unrealized Loss Position Less Than 12 MonthsSecurities in Unrealized Loss Position Greater Than 12 MonthsTotalGrossUnrealizedLossesFair MarketValueGrossUnrealizedLossesFair MarketValue GrossUnrealizedLossesFairMarket ValueCorporate bonds$(51.8)$3,389.6 $(656.9)$11,809.9 $(708.7)$15,199.5 U.S. Treasury securities(20.3)2,677.3 (78.7)2,754.4 (99.0)5,431.7 Canadian government obligations and Canadian government agency obligations(0.7)266.8 (51.0)1,311.2 (51.7)1,578.0 U.S. government agency securities(1.9)113.0 (116.2)1,346.8 (118.1)1,459.8 Asset-backed securities(3.0)271.4 (25.3)601.4 (28.3)872.8 Canadian provincial bonds(3.9)166.5 (38.7)612.7 (42.6)779.2 Commercial mortgage-backed securities(0.4)25.5 (28.0)427.6 (28.4)453.1 Other securities(3.9)325.9 (59.9)714.3 (63.8)1,040.2  $(85.9)$7,236.0 $(1,054.7)$19,578.3 $(1,140.6)$26,814.3 The unrealized losses and fair values of available-for-sale securities that have been