Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 109

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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 complaint seeks statutory and other unspecified monetary damages, injunctive relief and attorney’s fees. The Company is unable to estimate any reasonably possible loss, or range of loss, with respect to this matter. The Company is vigorously defending against this lawsuit. 

19

The Company is subject to various claims, litigation, and regulatory compliance matters in the normal course of business. When a loss is considered probable and reasonably estimable, the Company records a liability in the amount of its best estimate for the ultimate loss. Management currently believes that the resolution of these claims, litigation and regulatory compliance matters against us, individually or in the aggregate, will not have a material adverse impact on our consolidated results of operations, financial condition or cash flows. These matters are subject to inherent uncertainties and management's view of these matters may change in the future.  It is not the Company’s business practice to enter into off-balance sheet arrangements. In the normal course of business, the Company may enter into contracts in which it makes representations and warranties that relate to the performance of the Company’s services and products. The Company does not expect any material losses related to such representations and warranties.

Note 15. Stockholders' Equity

Changes in stockholders' equity by component are as follows:Three Months EndedMarch 31, 2025Common StockCapital in Excess of Par ValueRetained EarningsTreasury StockAOCITotal Balance at December 31, 2024$63.9 $2,619.6 $24,335.6 $(20,412.3)$(1,528.7)$5,078.1 Net earnings— — 1,249.5 — — 1,249.5 Other comprehensive income— — — — 342.7 342.7 Stock-based compensation expense— 54.3 — — — 54.3 Issuances relating to stock compensation plans— 46.9 — 13.6 — 60.5 Treasury stock acquired (1.0 million shares repurchased)— — — (301.3)— (301.3)Dividends declared ($1.54 per share)— — (628.5)— — (628.5)Balance at March 31, 2025$63.9 $2,720.8 $24,956.6 $(20,700.0)$(1,