Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 90

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 90
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38.0)13.4 Unrealized net gains/(losses) on available-for-sale securities1,088.4 685.2 (500.3)Tax effect(250.7)(162.2)113.3 Reclassification of realized net losses on available-for-sale securities to net earnings1.7 5.9 14.7 Tax effect(0.3)(1.3)(3.3)Unrealized losses on cash flow hedging activities(15.6)— — Tax effect3.8 — — Amortization of unrealized losses on cash flow hedging activities5.4 4.4 4.4 Tax effect(1.3)(1.1)(1.1)Pension net gains arising during the year8.5 5.6 60.3 Tax effect(2.1)(1.1)(13.3)Reclassification of pension liability adjustment to net earnings(2.4)0.1 (0.4)Tax effect0.5 — 0.2 Other comprehensive income/(loss), net of tax924.9 497.5 (312.1)Comprehensive income$5,004.6 $4,249.5 $3,099.9 

See notes to the Consolidated Financial Statements. 

48

Automatic Data Processing, Inc. and Subsidiaries

Consolidated Balance Sheets

(In millions, except per share amounts)

June 30,20252024AssetsCurrent assets:  Cash and cash equivalents$3,347.8 $2,913.4 Short-term marketable securities4,498.8 384.0    Accounts receivable, net of allowance for doubtful accounts of $47.1 and $52.2, respectively3,579.1 3,428.2 Other current assets840.8 820.8 Total current assets before funds held for clients12,266.5 7,546.4 Funds held for clients30,985.7 37,996.1 Total current assets43,252.2 45,542.5 Long-term receivables, net of allowance for doubtful accounts of $0.1 and $0.1, respectively4.4 7.3 Property, plant and equipment, net655.4 685.6 Operating lease right-of-use