Company: ADP
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0000008670-25-000007
Chunk: 92

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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140.6)33,019.9 Total corporate investments and funds held for clients$50,698.6 $66.1 $(1,140.6)$49,624.1 (A) Included within available-for-sale securities are funds held for clients with fair value of $33,019.9 million. There are no corporate investments included within available-for-sale securities at December 31, 2024. All available-for-sale securities were included in Level 2 of the fair value hierarchy.  June 30, 2024Amortized CostGrossUnrealizedGainsGrossUnrealizedLossesFair Market Value (B)Type of issue:    Money market securities, cash and other cash equivalents$10,086.0 $— $— $10,086.0 Available-for-sale securities: Corporate bonds16,833.3 11.5 (944.8)15,900.0 U.S. Treasury securities7,701.2 9.0 (164.5)7,545.7 Canadian government obligations and Canadian government agency obligations2,130.7 1.7 (86.6)2,045.8 U.S. government agency securities1,645.0 0.5 (140.6)1,504.9 Asset-backed securities1,394.9 3.9 (43.0)1,355.8 Canadian provincial bonds1,116.3 2.3 (56.2)1,062.4 Commercial mortgage-backed securities535.9 — (35.1)500.8 Other securities1,366.0 2.0 (75.9)1,292.1 Total available-for-sale securities32,723.3 30.9 (1,546.7)31,207.5 Total corporate investments and funds held for clients$42,809.3 $30.9 $(1,546.7)$41,293.5 (B) Included within available-for-sale securities are corporate investments with fair values of $384.0 million and funds held for clients with fair values of $30,823.5 million. All available-for-sale securities were included in Level 2 of the fair value hierarchy. 

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For a description of the fair value hierarchy and the Company's fair value methodologies, including the use