Company: ADP
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000008670-25-000047
Chunk: 35

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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6$82.9 Twelve months ending June 30, 2027105.1 Twelve months ending June 30, 202882.8 Twelve months ending June 30, 202959.2 Twelve months ending June 30, 203048.8 Thereafter118.2 Total undiscounted lease obligations497.0 Less: Imputed interest(54.9)Net lease obligations$442.1 

15

Note 9. Goodwill and Intangible Assets, net

Changes in goodwill for the three months ended September 30, 2025 are as follows:  EmployerServicesPEOServicesTotalBalance at June 30, 2025$3,268.7 $4.8 $3,273.5 Additions and other adjustments4.8 — 4.8 Currency translation adjustments(3.1)— (3.1)Balance at September 30, 2025$3,270.4 $4.8 $3,275.2 Components of intangible assets, net, are as follows:September 30,June 30,20252025Intangible assets:  Software and software licenses$4,161.4 $4,103.6 Customer contracts and lists1,438.5 1,429.4 Other intangibles250.0 249.8  5,849.9 5,782.8 Less accumulated amortization: Software and software licenses(2,883.1)(2,830.3)Customer contracts and lists(1,124.3)(1,105.6)Other intangibles(244.5)(243.9) (4,251.9)(4,179.8)Intangible assets, net$1,598.0 $1,603.0 Other intangibles consist primarily of purchased rights, purchased content, trademarks and trade names (acquired directly or through acquisitions). All intangible assets have finite lives and, as such, are subject to amortization. The weighted average remaining useful life of the intangible assets is 6 years (6 years for software and software licenses, 4 years for customer contracts and lists, and 3 years for other intangibles). Amortization of intangible assets was $95.4 million and $89.0 million for the three months ended September