Company: ADP
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000008670-25-000015
Chunk: 49

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 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 $(20,700.0)$(1,186.0)$5,855.3 Three Months EndedMarch 31, 2024Common StockCapital in Excess of Par ValueRetained EarningsTreasury StockAOCITotal Balance at December 31, 2023$63.9 $2,262.9 $22,757.1 $(19,019.1)$(1,745.2)$4,319.6 Net earnings— — 1,184.9 — — 1,184.9 Other comprehensive loss— — — — (106.7)(106.7)Stock-based compensation expense— 48.6 — — — 48.6 Issuances relating to stock compensation plans— 42.5 — 15.0 — 57.5 Treasury stock acquired (1.2 million shares rep