10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

FORM 10-Q

______________

ýQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30,2014

OR

oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period From          to         

Commission File Number 1-5397

______________

AUTOMATIC DATA PROCESSING, INC.

(Exact name of registrant as specified in its charter)

______________

Delaware	22-1467904
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
One ADP Boulevard, Roseland, New Jersey	07068
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (973) 974-5000

______________

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  ý   No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes  ý       No   o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer x	Accelerated filer o
Non-accelerated filer o (Do not check if a smaller reporting company)	Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No  ý

The number of shares outstanding of the registrant’s common stock as of October 24, 2014 was 482,056,801.

Table of Contents

		Page
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)
	Statements of Consolidated Earnings Three months ended September 30, 2014 and 2013	3
	Statements of Consolidated Comprehensive Income Three months ended September 30, 2014 and 2013	4
	Consolidated Balance Sheets At September 30, 2014 and June 30, 2014	5
	Statements of Consolidated Cash Flows Three months ended September 30, 2014 and 2013	6
	Notes to the Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	24
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	33
Item 4.	Controls and Procedures	33
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	33
Item 1A.	Risk Factors	34
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	35
Item 6.	Exhibits	36
	Signatures	37

2

Part I. FINANCIAL INFORMATION

Item 1. Financial Statements

Automatic Data Processing, Inc. and Subsidiaries

Statements of Consolidated Earnings

(In millions, except per share amounts)

(Unaudited)

	Three Months Ended
	September 30,
	2014			2013
REVENUES:
Revenues, other than interest on funds held for clients and PEO revenues	$	1,892.0		$	1,770.9
Interest on funds held for clients	90.3			89.2
PEO revenues (A)	591.5			501.9
TOTAL REVENUES	2,573.8			2,362.0
EXPENSES:
Costs of revenues:
Operating expenses	1,363.3			1,259.5
Systems development and programming costs	146.7			132.5
Depreciation and amortization	51.9			48.8
TOTAL COSTS OF REVENUES	1,561.9			1,440.8
Selling, general, and administrative expenses	578.0			537.7
Interest expense	1.9			1.9
TOTAL EXPENSES	2,141.8			1,980.4
Other income, net	(20.5		)	(22.0		)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	452.5			403.6
Provision for income taxes	154.5			138.7
NET EARNINGS FROM CONTINUING OPERATIONS	$	298.0		$	264.9
EARNINGS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES	65.6			93.7
Provision for income taxes	68.4			30.0
NET (LOSS)/EARNINGS FROM DISCONTINUED OPERATIONS	$	(2.8	)	$	63.7
NET EARNINGS	$	295.2		$	328.6
Basic Earnings Per Share from Continuing Operations	$	0.62		$	0.55
Basic Earnings Per Share from Discontinued Operations	(0.01		)	0.13
BASIC EARNINGS PER SHARE	$	0.62		$	0.68
Diluted Earnings Per Share from Continuing Operations	$	0.62		$	0.55
Diluted Earnings Per Share from Discontinued Operations	(0.01		)	0.13
DILUTED EARNINGS PER SHARE	$	0.61		$	0.68
Basic weighted average shares outstanding	478.4			480.1
Diluted weighted average shares outstanding	481.7			484.3
Dividends declared per common share	$	0.480		$	0.435

(A) Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $5,736.2 million and $4,947.2 million for the three months endedSeptember 30,2014 and 2013, respectively.

See notes to the consolidated financial statements.

3

Automatic Data Processing, Inc. and Subsidiaries

Statements of Consolidated Comprehensive Income

(In millions)

(Unaudited)

	Three Months Ended
	September 30,
	2014			2013
Net earnings	$	295.2		$	328.6
Other comprehensive income:
Currency translation adjustments	(108.9		)	43.3
Unrealized net (losses)/gains on available-for-sale securities	(94.1		)	14.8
Tax effect	34.0			(5.0		)
Reclassification of net gains on available-for-sale securities to net earnings	(0.8		)	(3.5		)
Tax effect	0.3			1.3
Reclassification of pension liability adjustment to net earnings	8.2			5.1
Tax effect	(2.8		)	(0.9		)
Other comprehensive (loss)/income, net of tax	(164.1		)	55.1
Comprehensive income	$	131.1		$	383.7

See notes to the consolidated financial statements.

4

Automatic Data Processing, Inc. and Subsidiaries

Consolidated Balance Sheets

(In millions, except per share amounts)

(Unaudited)

	September 30,			June 30,
	2014			2014
Assets
Current assets:
Cash and cash equivalents (A)	$	2,175.7		$	1,585.9
Short-term marketable securities (A)	2,261.6			2,032.2
Accounts receivable, net	1,390.3			1,503.7
Other current assets	827.1			690.7
Assets of discontinued operations	—			2,409.7
Total current assets before funds held for clients	6,654.7			8,222.2
Funds held for clients	19,138.7			19,258.0
Total current assets	25,793.4			27,480.2
Long-term marketable securities	46.6			54.1
Long-term receivables, net	32.7			155.4
Property, plant and equipment, net	650.7			667.7
Other assets	1,326.7			1,316.4
Goodwill	1,857.6			1,887.2
Intangible assets, net	500.4			498.8
Total assets	$	30,208.1		$	32,059.8
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	146.9		$	152.5
Accrued expenses and other current liabilities	1,127.4			1,187.6
Accrued payroll and payroll-related expenses	436.1			607.9
Dividends payable	228.6			226.9
Short-term deferred revenues	232.7			251.7
Obligation under commercial paper borrowing (A)	1,937.0			2,173.0
Income taxes payable	115.3			20.4
Liabilities of discontinued operations	—			581.2
Total current liabilities before client funds obligations	4,224.0			5,201.2
Client funds obligations	18,935.3			18,963.4
Total current liabilities	23,159.3			24,164.6
Long-term debt	10.9			11.5
Other liabilities	616.7			619.6
Deferred income taxes	230.2			218.0
Long-term deferred revenues	363.7			375.9
Total liabilities	24,380.8			25,389.6
Stockholders' equity:
Preferred stock, $1.00 par value: Authorized, 0.3 shares; issued, none	—			—
Common stock, $0.10 par value: Authorized, 1,000.0 shares; issued 638.7 shares at September 30, 2014 and       June 30, 2014; outstanding, 481.8 and 480.2 shares at September 30, 2014 and June 30, 2014, respectively	63.9			63.9
Capital in excess of par value	565.4			545.2
Retained earnings	12,990.0			13,632.9
Treasury stock - at cost: 156.9 and 158.5 shares at September 30, 2014 and June 30, 2014, respectively	(7,717.9		)	(7,750.0		)
Accumulated other comprehensive income	(74.1		)	178.2
Total stockholders’ equity	5,827.3			6,670.2
Total liabilities and stockholders’ equity	$	30,208.1		$	32,059.8

(A) As of September 30, 2014, $1,957.8 million of short-term marketable securities are related to the Company's outstanding commercial paper borrowings (see Note 9). As of June 30, 2014, $2,015.8 million of short-term marketable securities and $183.8 million of cash and cash equivalents are related to the Company's outstanding commercial paper borrowings (see Note 9).

See notes to the consolidated financial statements.

5

Automatic Data Processing, Inc. and Subsidiaries

Statements of Consolidated Cash Flows

(In millions)

(Unaudited)

	Three Months Ended
	September 30,
	2014			2013
Cash Flows from Operating Activities:
Net earnings	$	295.2		$	328.6
Adjustments to reconcile net earnings to cash flows provided by operating activities:
Depreciation and amortization	68.3			64.0
Deferred income taxes	9.2			17.2
Stock-based compensation expense	38.8			23.3
Excess tax benefit related to exercise of stock options and restricted stock	(44.2		)	(34.8		)
Net pension expense	10.1			7.4
Net realized gain from the sales of marketable securities	(0.8		)	(3.5		)
Net amortization of premiums and accretion of discounts on available-for-sale securities	25.3			22.8
Other	(6.1		)	6.3
Changes in operating assets and liabilities, net of effects from acquisitions       and divestitures of businesses:
Decrease in accounts receivable	29.9			20.1
Increase in other assets	(224.5		)	(283.7		)
Decrease in accounts payable	(9.2		)	(8.3		)
Decrease in accrued expenses and other liabilities	(14.2		)	(35.5		)
Proceeds from the sale of notes receivable	207.2			—
Operating activities of discontinued operations	(6.8		)	(42.6		)
Net cash flows provided by operating activities	378.2			81.3
Cash Flows from Investing Activities:
Purchases of corporate and client funds marketable securities	(894.2		)	(369.1		)
Proceeds from the sales and maturities of corporate and client funds marketable securities	595.2			571.6
Net decrease in restricted cash and cash equivalents held to satisfy client funds obligations	1.5			2,390.5
Capital expenditures	(36.5		)	(34.4		)
Additions to intangibles	(44.0		)	(30.9		)
Acquisitions of businesses, net of cash acquired	(8.1		)	—
Proceeds from the sale of property, plant, and equipment and other assets	23.6			—
Dividend received from CDK Global, Inc.	825.0			—
Cash retained by CDK Global, Inc.	(180.0		)	—
Investing activities of discontinued operations	(15.4		)	(23.6		)
Net cash flows provided by investing activities	267.1			2,504.1
Cash Flows from Financing Activities:
Net increase/(decrease) in client funds obligations	47.3			(5,295.0		)
Payments of debt	(0.6		)	(0.6		)
Repurchases of common stock	(61.2		)	(303.0		)
Proceeds from stock purchase plan and exercises of stock options	16.5			54.9
Excess tax benefit related to exercise of stock options and restricted stock	44.2			34.8
Dividends paid	(229.8		)	(210.6		)
Net proceeds from reverse repurchase agreements	—			98.7
Net (repayments of)/proceeds from commercial paper borrowings	(236.0		)	2,477.0
Financing activities of discontinued operations	1.6			6.3
Net cash flows used in financing activities	(418.0		)	(3,137.5		)
Effect of exchange rate changes on cash and cash equivalents	(35.2		)	2.0
Net change in cash and cash equivalents	192.1			(550.1		)
Cash and cash equivalents, beginning of period	1,983.6			1,699.1
Cash and cash equivalents, end of period	2,175.7			1,149.0
Less cash and cash equivalents of discontinued operations, end of period	—			309.0
Cash and cash equivalents of continuing operations, end of period	$	2,175.7		$	840.0

See notes to the consolidated financial statements.

6

Automatic Data Processing, Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

(Tabular dollars in millions, except per share amounts)

(Unaudited)

Note 1.  Basis of Presentation

The accompanying Consolidated Financial Statements and footnotes thereto of Automatic Data Processing, Inc. and its subsidiaries (“ADP” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).  The Consolidated Financial Statements and footnotes thereto are unaudited.  In the opinion of the Company’s management, the Consolidated Financial Statements reflect all adjustments, which are of a normal recurring nature, that are necessary for a fair presentation of the Company’s results for the interim periods.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the assets, liabilities, revenue, expenses, and other comprehensive income that are reported in the Consolidated Financial Statements and footnotes thereto.  Actual results may differ from those estimates. The Consolidated Financial Statements and all relevant footnotes have been adjusted for discontinued operations (see Note 3).

Interim financial results are not necessarily indicative of financial results for a full year.  The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014 (“fiscal 2014”).

Note 2.  New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers," which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 requires an entity to recognize revenue depicting the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 will also result in enhanced revenue related disclosures. ASU 2014-09 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2016. The Company has not yet determined the impact of ASU 2014-09 on its consolidated results of operations, financial condition, or cash flows.

In April 2014, the FASB issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." ASU 2014-08 requires that a disposal representing a strategic shift that has (or will have) a major effect on an entity’s financial results or a business activity classified as held for sale should be reported as discontinued operations. ASU 2014-08 also expands the disclosure requirements for discontinued operations and adds new disclosures for individually significant dispositions that do not qualify as discontinued operations. ASU 2014-08 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2014. The impact of ASU 2014-08 is dependent upon the nature of dispositions, if any, after adoption.

In July 2014, the Company adopted ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 requires netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in settlement of the uncertain tax position. The adoption of ASU 2013-11 did not have a material impact on the Company's consolidated results of operations, financial condition, or cash flows.

7

Note 3. Divestitures

On September 30, 2014, the Company completed the tax free spin-off of its former Dealer Services business, which was a separate reportable segment, into an independent publicly traded company called CDK Global, Inc. ("CDK"). As a result of the spin-off, ADP stockholders of record on September 24, 2014 (the "record date") received one share of CDK common stock on September 30, 2014, par value $0.01 per share, for every three shares of ADP common stock held by them on the record date and cash for any fractional shares of CDK common stock. ADP distributed approximately 160.6 million shares of CDK common stock in the distribution. The spin-off was made without the payment of any consideration or the exchange of any shares by ADP stockholders.

The Company recorded a decrease to retained earnings of $1.5 billion for the reduction in net assets of CDK related to the spin-off, offset by an increase to retained earnings of $825.0 million related to the cash dividend received from CDK as part of the spin-off. The spin-off, transitional and on-going relationships between ADP and CDK are governed by the Separation and Distribution Agreement entered into between ADP and CDK and certain other ancillary agreements.

Incremental costs associated with the spin-off of $42.8 million for the three months endedSeptember 30, 2014 are included in discontinued operations on the Statements of Consolidated Earnings and are principally related to professional fees.

On February 28, 2014, the Company completed the sale of its Occupational Health and Safety services business ("OHS") for a pre-tax gain of $15.6 million, less costs to sell, and recorded such gain within earnings from discontinued operations on the Statements of Consolidated Earnings in the third quarter of fiscal 2014. OHS was previously reported in the Employer Services segment.

In conjunction with the spin-off of CDK and the sale of OHS, the Company has classified the operating results of these businesses as discontinued operations for all periods presented. The operating results for these businesses were as follows:

	Three Months Ended
	September 30,
	2014			2013
Revenues	$	508.9		$	477.6
Earnings from discontinued operations before income taxes	65.6			93.7
Provision for income taxes	68.4			30.0
Net (loss)/earnings from discontinued operations	$	(2.8	)	$	63.7

8

The following is a summary of the assets and liabilities related to discontinued operations as of June 30, 2014:

	June 30, 2014
Assets:
Cash	$	397.7
Accounts receivable, net	296.7
Property, plant and equipment, net	109.7
Goodwill	1,226.6
Intangible assets, net	133.5
Other assets	245.5
Total assets	$	2,409.7
Liabilities:
Accounts payable	$	17.2
Accrued expenses and other current liabilities	128.1
Accrued payroll and payroll related expenses	99.2
Deferred revenues	218.2
Deferred income taxes	70.8
Other liabilities	47.7
Total liabilities	$	581.2

Note 4.  Earnings per Share (“EPS”)

	Basic		Effect of Employee Stock Option Shares	Effect of Employee Restricted Stock Shares	Diluted
Three Months Ended September 30, 2014
Net earnings from continuing operations	$	298.0			$	298.0
Weighted average shares (in millions)	478.4		2.2	1.1	481.7
EPS from continuing operations	$	0.62			$	0.62
Three Months Ended September 30, 2013
Net earnings from continuing operations	$	264.9			$	264.9
Weighted average shares (in millions)	480.1		3.1	1.2	484.3
EPS from continuing operations	$	0.55			$	0.55

Options to purchase 1.4 million and 0.1 million shares of common stock for the three months endedSeptember 30, 2014 and 2013, respectively, were excluded from the calculation of diluted earnings per share because their exercise prices exceeded the average market price of outstanding common shares for the respective periods.

9

Note 5. Other Income, Net

	Three Months Ended
	September 30,
	2014			2013
Interest income on corporate funds	$	(18.3	)	$	(18.5	)
Realized gains on available-for-sale securities	(1.0		)	(4.3		)
Realized losses on available-for-sale securities	0.2			0.8
Gain on the sale of notes receivable	(1.4		)	—
Other income, net	$	(20.5	)	$	(22.0	)

During the three months endedSeptember 30, 2014, the Company sold notes receivable related to Dealer Services financing arrangements to a third party for a gain of $1.4 million. Refer to Note 7 for further information.

Note 6. Corporate Investments and Funds Held for Clients

Corporate investments and funds held for clients at September 30, 2014 and June 30, 2014 were as follows:

	September 30, 2014
	Amortized Cost		Gross Unrealized  Gains		Gross Unrealized Losses			Fair Value (A)
Type of issue:
Money market securities, cash and other cash equivalents	$	3,385.4	$	—	$	—		$	3,385.4
Available-for-sale securities:
Corporate bonds	8,882.6		134.6		(25.1		)	8,992.1
U.S. Treasury and direct obligations of U.S. government agencies	6,008.2		83.8		(18.3		)	6,073.7
Asset-backed securities	2,063.7		3.5		(13.0		)	2,054.2
Canadian government obligations and Canadian government agency obligations	985.8		6.2		(0.6		)	991.4
Canadian provincial bonds	728.0		22.7		(2.9		)	747.8
Municipal bonds	522.2		19.1		(0.2		)	541.1
Other securities	817.1		20.7		(0.9		)	836.9
Total available-for-sale securities	20,007.6		290.6		(61.0		)	20,237.2
Total corporate investments and funds held for clients	$	23,393.0	$	290.6	$	(61.0	)	$	23,622.6

(A) Included within available-for-sale securities are corporate investments with fair values of $2,308.2 million and funds held for clients with fair values of $17,929.0 million. All available-for-sale securities were included in Level 2.

10

	June 30, 2014
	Amortized  Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value (B)
Type of issue:
Money market securities, cash and other cash equivalents	$	2,773.7	$	—	$	—		$	2,773.7
Available-for-sale securities:
Corporate bonds	8,720.1		171.1		(15.0		)	8,876.2
U.S. Treasury and direct obligations of U.S. government agencies	6,051.4		107.3		(11.7		)	6,147.0
Asset-backed securities	1,822.6		6.1		(6.9		)	1,821.8
Canadian government obligations and Canadian government agency obligations	1,031.4		7.6		(0.8		)	1,038.2
Canadian provincial bonds	747.7		25.3		(2.5		)	770.5
Municipal bonds	543.3		19.4		(0.5		)	562.2
Other securities	915.6		25.7		(0.7		)	940.6
Total available-for-sale securities	19,832.1		362.5		(38.1		)	20,156.5
Total corporate investments and funds held for clients	$	22,605.8	$	362.5	$	(38.1	)	$	22,930.2

(B) Included within available-for-sale securities are corporate investments with fair values of $2,086.3 million and funds held for clients with fair values of $18,070.2 million. All available-for-sale securities were included in Level 2.

For a description of the fair value hierarchy and the Company's fair value methodologies, including the use of an independent third-party pricing service, see Note 1 "Summary of Significant Accounting Policies" in the Company's Annual Report on Form 10-K for fiscal 2014. The Company did not transfer any assets between Level 1 and Level 2 during the three months endedSeptember 30, 2014, or the year ended June 30, 2014. In addition, the Company did not adjust the prices obtained from the independent pricing service. The Company has no available-for-sale securities included in Level 1 or Level 3 as of September 30, 2014.

The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of September 30, 2014, are as follows: 

	September 30, 2014
	Securities in unrealized loss position less than 12 months					Securities in unrealized loss position greater than 12 months					Total
	Unrealized losses			Fair market value		Unrealized losses			Fair market value		Gross unrealized losses			Fair market value
Corporate bonds	$	(7.3	)	$	1,567.9	$	(17.8	)	$	948.6	$	(25.1	)	$	2,516.5
U.S. Treasury and direct obligations of U.S. government agencies	(1.7		)	395.2		(16.6		)	937.8		(18.3		)	1,333.0
Asset-backed securities	(4.2		)	856.0		(8.8		)	532.4		(13.0		)	1,388.4
Canadian government obligations and Canadian government agency obligations	(0.6		)	106.5		—			8.1		(0.6		)	114.6
Canadian provincial bonds	(1.2		)	91.1		(1.7		)	106.0		(2.9		)	197.1
Municipal bonds	—			28.1		(0.2		)	13.3		(0.2		)	41.4
Other securities	(0.1		)	19.1		(0.8		)	45.0		(0.9		)	64.1
	$	(15.1	)	$	3,063.9	$	(45.9	)	$	2,591.2	$	(61.0	)	$	5,655.1

11

The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2014, are as follows: 

	June 30, 2014
	Securities in unrealized loss position less than 12 months					Securities in unrealized loss position greater than 12 months					Total
	Unrealized losses			Fair market value		Unrealized losses			Fair market value		Gross unrealized losses			Fair market value
Corporate bonds	$	(0.9	)	$	313.8	$	(14.1	)	$	1,026.0	$	(15.0	)	$	1,339.8
U.S. Treasury and direct obligations of U.S. government agencies	(0.3		)	84.6		(11.4		)	944.8		(11.7		)	1,029.4
Asset-backed securities	(0.7		)	325.4		(6.2		)	555.5		(6.9		)	880.9
Canadian government obligations and Canadian government agency obligations	(0.8		)	127.2		—			—		(0.8		)	127.2
Canadian provincial bonds	(0.9		)	75.2		(1.6		)	118.6		(2.5		)	193.8
Municipal bonds	(0.1		)	42.0		(0.4		)	22.6		(0.5		)	64.6
Other securities	—			13.9		(0.7		)	45.7		(0.7		)	59.6
	$	(3.7	)	$	982.1	$	(34.4	)	$	2,713.2	$	(38.1	)	$	3,695.3

At September 30, 2014, Corporate bonds include investment-grade debt securities with a wide variety of issuers, industries, and sectors, primarily carry credit ratings of A and above, and have maturities ranging from October 2014 to June 2023.

At September 30, 2014, U.S. Treasury and direct obligations of U.S. government agencies primarily include debt directly issued by Federal Home Loan Banks and Federal Farm Credit Banks with fair values of $4,387.0 million and $1,222.0 million, respectively. U.S. Treasury and direct obligations of U.S. government agencies represent senior, unsecured, non-callable debt that primarily carries a credit rating of Aaa, as rated by Moody's, and AA+, as rated by Standard & Poor's, and have maturities ranging from October 2014 through February 2024.

At September 30, 2014, asset-backed securities include AAA rated senior tranches of securities with predominantly prime collateral of fixed rate credit card, auto loan, and rate reduction receivables with fair values of $1,466.7 million, $340.4 million, and $177.8 million, respectively. These securities are collateralized by the cash flows of the underlying pools of receivables.  The primary risk associated with these securities is the collection risk of the underlying receivables.  All collateral on such asset-backed securities has performed as expected through September 30, 2014.

At September 30, 2014, other securities and their fair value primarily represent: AAA and AA rated supranational bonds of $385.9 million, AAA and AA rated sovereign bonds of $321.3 million, and AA rated mortgage-backed securities of $95.7 million that are guaranteed by Federal National Mortgage Association ("Fannie Mae") or Federal Home Loan Mortgage Corporation ("Freddie Mac"). The Company's mortgage-backed securities represent an undivided beneficial ownership interest in a group or pool of one or more residential mortgages. These securities are collateralized by the cash flows of 15-year and 30-year residential mortgages and are guaranteed by Fannie Mae or Freddie Mac as to the timely payment of principal and interest.

Classification of corporate investments on the Consolidated Balance Sheets is as follows:

	September 30,		June 30,
	2014		2014
Corporate investments:
Cash and cash equivalents	$	2,175.7	$	1,585.9
Short-term marketable securities	2,261.6		2,032.2
Long-term marketable securities	46.6		54.1
Total corporate investments	$	4,483.9	$	3,672.2

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Funds held for clients represent assets that, based upon the Company's intent, are restricted for use solely for the purposes of satisfying the obligations to remit funds relating to the Company’s payroll and payroll tax filing services, which are classified as client funds obligations on our Consolidated Balance Sheets.

Funds held for clients have been invested in the following categories:

	September 30,		June 30,
	2014		2014
Funds held for clients:
Restricted cash and cash equivalents held to satisfy client funds obligations	$	1,209.7	$	1,187.8
Restricted short-term marketable securities held to satisfy client funds obligations	1,643.7		1,312.5
Restricted long-term marketable securities held to satisfy client funds obligations	16,285.3		16,757.7
Total funds held for clients	$	19,138.7	$	19,258.0

Client funds obligations represent the Company's contractual obligations to remit funds to satisfy clients' payroll and tax payment obligations and are recorded on the Consolidated Balance Sheets at the time that the Company impounds funds from clients.  The client funds obligations represent liabilities that will be repaid within one year of the balance sheet date.  The Company has reported client funds obligations as a current liability on the Consolidated Balance Sheets totaling $18,935.3 million and $18,963.4 million as of September 30, 2014 and June 30, 2014, respectively.  The Company has classified funds held for clients as a current asset since these funds are held solely for the purposes of satisfying the client funds obligations.  The Company has reported the cash flows related to the purchases of corporate and client funds marketable securities and related to the proceeds from the sales and maturities of corporate and client funds marketable securities on a gross basis in the investing section of the Statements of Consolidated Cash Flows.  The Company has reported the cash inflows and outflows related to client funds investments with original maturities of 90 days or less on a net basis within net increase in restricted cash and cash equivalents and other restricted assets held to satisfy client funds obligations in the investing section of the Statements of Consolidated Cash Flows.  The Company has reported the cash flows related to the cash received from and paid on behalf of clients on a net basis within net increase in client funds obligations in the financing activities section of the Statements of Consolidated Cash Flows.

Approximately 82% of the available-for-sale securities held a AAA or AA rating at September 30, 2014, as rated by Moody's, Standard & Poor's and, for Canadian securities, Dominion Bond Rating Service.  All available-for-sale securities were rated as investment grade at September 30, 2014.

Expected maturities of available-for-sale securities at September 30, 2014 are as follows:

One year or less	$	3,905.3
One year to two years	4,331.5
Two years to three years	3,281.7
Three years to four years	2,325.1
After four years	6,393.6
Total available-for-sale securities	$	20,237.2

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Note 7. Receivables

Accounts receivable, net, includes the Company's trade receivables, which are recorded based upon the amount the Company expects to receive from its clients, net of an allowance for doubtful accounts. Notes receivable are recorded based upon the amount the Company expects to receive from its clients, net of an allowance for doubtful accounts and unearned income. The allowance for doubtful accounts is the Company's best estimate of probable credit losses related to trade receivables and notes receivable based upon the aging of the receivables, historical collection data, and internal assessments of credit quality, as well as in the economy as a whole. The Company charges off uncollectable amounts against the reserve in the period in which it determines they are uncollectable. Unearned income on notes receivable is amortized using the effective interest method.

The Company’s trade and accounts receivables, whose carrying value approximates fair value, are as follows:

	September 30, 2014						June 30, 2014
	Current			Long-term			Current			Long-term
Trade receivables	$	1,411.9		$	—		$	1,457.7		$	—
Notes receivable	19.7			35.7			94.8			169.9
Less:
Allowance for doubtful accounts - trade receivables	(39.2		)	—			(38.1		)	—
Allowance for doubtful accounts - notes receivable	(1.2		)	(2.2		)	(4.7		)	(8.3		)
Unearned income - notes receivable	(0.9		)	(0.8		)	(6.0		)	(6.2		)
	$	1,390.3		$	32.7		$	1,503.7		$	155.4

During the three months endedSeptember 30, 2014, the Company sold notes receivable related to Dealer Services financing arrangements to a third party for $207.2 million. Although the sale of the notes receivable transfers the majority of the risk to the purchaser, the Company does retain a minimal level of credit risk on the sold receivables. The cash received in exchange for the notes receivable sold was recorded within the operating activities on the Statements of Consolidated Cash Flows and the gain on sale realized was recorded within Other income, net on the Statements of Consolidated Earnings (see Note 5).

The Company determines the allowance for doubtful accounts related to notes receivable based upon a specific reserve for known collection issues, as well as a non-specific reserve based upon aging, both of which are based upon history of such losses and current economic conditions. As of September 30, 2014 and June 30, 2014, there were no notes receivable that were specifically reserved; the entire notes receivable reserve balance was comprised of non-specific reserves.

The rollforward of the allowance for doubtful accounts related to notes receivable is as follows:

	Current			Long-term
Balance at June 30, 2014	$	4.7		$	8.3
Net provision	0.2			0.4
Chargeoffs	(0.1		)	(0.1		)
Reserve reversal upon sale (A)	(3.6		)	(6.4		)
Balance at September 30, 2014	$	1.2		$	2.2

(A) As a result of the sale of the notes receivable related to Dealer Services financing arrangements to a third party, the Company released $10.0 million of non-specific reserves that were accrued on the sold notes receivable, which was recorded in selling, general, and administrative expenses on the Statements of Consolidated Earnings.

The allowance for doubtful accounts as a percentage of notes receivable was approximately 6% as of September 30, 2014 and 5% as of June 30, 2014.

On an ongoing basis, the Company evaluates the credit quality of its financing receivables, utilizing aging of receivables, collection experience and charge-offs. As events related to a specific client dictate, the credit quality of a client is reevaluated. Approximately 98% and 100% of notes receivable were current at September 30, 2014 and June 30, 2014, respectively.

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Note 8. Goodwill and Intangibles Assets, net

Changes in goodwill for the three months endedSeptember 30,2014 are as follows:

	Employer Services			PEO Services		Total
Balance at June 30, 2014 (A)	$	1,882.4		$	4.8	$	1,887.2
Additions and other adjustments, net	6.2			—		6.2
Currency translation adjustments	(35.8		)	—		(35.8		)
Balance at September 30, 2014 (A)	$	1,852.8		$	4.8	$	1,857.6

(A) The goodwill balance at June 30, 2014 and September 30,2014 is net of accumulated impairment losses of $42.7 million related to the Employer Services segment.

Components of intangible assets, net, are as follows:

	September 30,			June 30,
	2014			2014
Intangible assets:
Software and software licenses	$	1,554.6		$	1,523.2
Customer contracts and lists	640.6			648.7
Other intangibles	209.0			208.3
	2,404.2			2,380.2
Less accumulated amortization:
Software and software licenses	(1,248.2		)	(1,231.2		)
Customer contracts and lists	(469.3		)	(467.1		)
Other intangibles	(186.3		)	(183.1		)
	(1,903.8		)	(1,881.4		)
Intangible assets, net	$	500.4		$	498.8

Other intangibles consist primarily of purchased rights, covenants, patents, and trademarks (acquired directly or through acquisitions).  All of the intangible assets have finite lives and, as such, are subject to amortization.  The weighted average remaining useful life of the intangible assets is 5 years (4 years for software and software licenses, 8 years for customer contracts and lists, and 3 years for other intangibles).  Amortization of intangible assets was $37.6 million and $34.4 million for the three months endedSeptember 30,2014 and 2013, respectively.

Estimated future amortization expenses of the Company's existing intangible assets are as follows:

	Amount
Nine months ending June 30, 2015	$	98.6
Twelve months ending June 30, 2016	$	119.5
Twelve months ending June 30, 2017	$	92.2
Twelve months ending June 30, 2018	$	51.0
Twelve months ending June 30, 2019	$	35.5
Twelve months ending June 30, 2020	$	26.5

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Note 9. Short-term Financing

The Company has a $2.25 billion, 364-day credit agreement with a group of lenders that matures in June 2015.   In addition, the Company has a five-year $2.0 billion credit facility and a five-year $3.25 billion credit facility maturing in June 2018 and June 2019, respectively, each with an accordion feature under which the aggregate commitment can be increased by $500.0 million, subject to the availability of additional commitments. The interest rate applicable to committed borrowings is tied to LIBOR, the effective federal funds rate, or the prime rate depending on the notification provided by the Company to the syndicated financial institutions prior to borrowing.  The Company is also required to pay facility fees on the credit agreements.  The primary uses of the credit facilities are to provide liquidity to the commercial paper program and funding for general corporate purposes, if necessary.  The Company had no borrowings through September 30, 2014 under the credit agreements.

The Company’s U.S. short-term funding requirements related to client funds are sometimes obtained through a commercial paper program, which provides for the issuance of up to $7.5 billion in aggregate maturity value of commercial paper, rather than liquidating previously-collected client funds that have already been invested in available-for-sale securities. The Company’s commercial paper program is rated A-1+ by Standard & Poor’s and Prime-1 by Moody’s.  These ratings denote the highest quality commercial paper securities.  Maturities of commercial paper can range from overnight to up to 364 days.  At September 30, 2014, the Company had $1,937.0 million of commercial paper outstanding, which was subsequently repaid on October 1, 2014. At June 30, 2014, the Company had $2,173.0 million of commercial paper outstanding, which was repaid on July 1, 2014. For the three months endedSeptember 30, 2014 and 2013, the Company's average borrowings were $3.1 billion at weighted average interest rates of 0.1%. The weighted average maturity of the Company’s commercial paper issued during the three months endedSeptember 30, 2014 approximated two days.

The Company’s U.S. and Canadian short-term funding requirements related to client funds obligations are sometimes obtained on a secured basis through the use of reverse repurchase agreements, which are collateralized principally by government and government agency securities, rather than liquidating previously-collected client funds that have already been invested in available-for-sale securities.  These agreements generally have terms ranging from overnight to up to five business days.  At September 30, 2014 and June 30, 2014, the Company had no obligations outstanding related to reverse repurchase agreements. For the three months endedSeptember 30, 2014 and 2013, the Company had average outstanding balances under reverse repurchase agreements of $570.7 million and $529.4 million, respectively, at weighted average interest rates of 0.4% and 0.5%, respectively. In addition, the Company has $3.25 billion available on a committed basis under the U.S. reverse repurchase agreements.

Note 10. Employee Benefit Plans

A.  Stock-based Compensation Plans

Stock-based compensation consists of the following:

• Stock Options  Stock options are granted to employees at exercise prices equal to the fair market value of the Company's common stock on the dates of grant.  Stock options are issued under a graded vesting schedule and have a term of 10 years.  Options granted prior to July 1, 2008 generally vest ratably over five years and options granted after July 1, 2008 generally vest ratably over four years.  Compensation expense is measured based on the fair value of the stock option on the grant date and recognized over the requisite service period for each separately vesting portion of the stock option award. Stock options are forfeited if the employee ceases to be employed by the Company prior to vesting.

• Restricted Stock

• Time-Based Restricted Stock and Time-Based Restricted Stock Units Time-based restricted stock and time-based restricted stock units granted prior to the year ended June 30, 2013 ("fiscal 2013") are subject to vesting periods of up to five years and awards granted in fiscal 2013 and later are subject to a vesting period of two years. Awards are forfeited if the employee ceases to be employed by the Company prior to vesting.

Time-based restricted stock cannot be transferred during the vesting period. Compensation expense relating to the issuance of time-based restricted stock is measured based on the fair value of the award on the grant date and recognized on a straight-line basis over the vesting period. Employees are eligible to receive dividends on shares awarded under the time-based restricted stock program.

Time-based restricted stock units are settled in cash and cannot be transferred during the vesting period. Compensation expense relating to the issuance of time-based restricted stock units is recorded over the

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vesting period and is initially based on the fair value of the award on the grant date; and is subsequently remeasured at each reporting date during the vesting period. No dividend equivalents are paid on units awarded under the time-based restricted stock unit program.

• Performance-Based Restricted Stock and Performance-Based Restricted Stock Units Performance-based restricted stock and performance-based restricted stock units generally vest over a one to three year performance period and a subsequent service period of up to 26 months. Under these programs, the Company communicates "target awards" at the beginning of the performance period with possible payouts at the end of the performance period ranging from 0% to 150% of the "target awards." Awards are forfeited if the employee ceases to be employed by the Company prior to vesting.

Performance-based restricted stock cannot be transferred during the vesting period. Compensation expense relating to the issuance of performance-based restricted stock is measured based upon the fair value of the award on the grant date and recognized on a straight-line basis over the vesting period, based upon the probability that the performance target will be met. After the performance period, if the performance targets are achieved, employees are eligible to receive dividends on shares awarded under the performance-based restricted stock program.

Performance-based restricted stock units are settled in either cash or stock, depending on the employee's home country, and cannot be transferred during the vesting period. Compensation expense relating to the issuance of performance-based restricted stock units settled in cash is recorded over the vesting period and is initially based on the fair value of the award on the grant date and is subsequently remeasured at each reporting date during the one-year performance period, based upon the probability that the performance target will be met. Compensation expense relating to the issuance of performance-based restricted stock units settled in stock is recorded over the vesting period based on the fair value of the award on the grant date. Dividend equivalents are paid on awards settled in stock under the performance-based restricted stock unit program.

• Employee Stock Purchase Plan  The Company offers an employee stock purchase plan that allows eligible employees to purchase shares of common stock at a price equal to 95% of the market value for the Company's common stock on the last day of the offering period.  This plan has been deemed non-compensatory, and therefore no compensation expense has been recorded.

The Company currently utilizes treasury stock to satisfy stock option exercises, issuances under the Company's employee stock purchase plan, and restricted stock awards.  From time to time, the Company may repurchase shares of its common stock under its authorized share repurchase programs.  The Company repurchased 0.6 million shares in the three months endedSeptember 30, 2014 as compared to 4.2 million shares repurchased in the three months endedSeptember 30, 2013. The Company considers several factors in determining when to execute share repurchases, including, among other things, actual and potential acquisition activity, cash balances and cash flows, issuances due to employee benefit plan activity, and market conditions.

The following table represents stock-based compensation expense and related income tax benefits for the three months endedSeptember 30, 2014 and 2013, respectively:

	Three Months Ended
	September 30,
	2014		2013
Operating expenses	$	7.6	$	3.9
Selling, general and administrative expenses	25.6		16.7
System development and programming costs	5.6		2.7
Total pretax stock-based compensation expense	$	38.8	$	23.3
Income tax benefit	$	13.9	$	8.4

Stock-based compensation expense attributable to CDK employees are included in discontinued operations and therefore not presented in the table above. For the three months endedSeptember 30, 2014 and 2013, such stock-based compensation expense was $5.1 million and $3.9 million, respectively.

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As a result of the spin-off of CDK, the number of vested and unvested ADP stock options and the strike price of these options, as well as the number of unvested performance-based and time-based restricted shares and units, and the "target" number of performance-based restricted shares and units, were adjusted to preserve the intrinsic value of the awards immediately prior to the spin-off using an adjustment ratio based on the ADP closing market stock price prior to the spin-off and the ADP opening market stock price subsequent to the spin-off. Since these adjustments were considered to be a modification of the awards in accordance to ASC 718, the Company compared the fair value of the awards immediately prior to the spin-off to the fair value immediately after the spin-off to measure potential incremental stock-based compensation expense, if any. The adjustments did not result in an increase in the fair value of the awards and, accordingly, the Company did not record incremental stock-based compensation expense. Unvested ADP stock options, unvested restricted stock, and unvested restricted stock units held by CDK employees were replaced by CDK awards immediately following the spin-off. The stock-based compensation expense associated with the original grant of ADP awards to remaining ADP employees will continue to be recognized within earnings from continuing operations on the Company's Statement of Consolidated Earnings.

As of September 30, 2014, the total remaining unrecognized compensation cost related to non-vested stock options, restricted stock units, and restricted stock awards amounted to $11.5 million, $37.2 million, and $156.8 million, respectively, which will be amortized over the weighted-average remaining requisite service periods of 1.8 years, 1.6 years, and 1.8 years, respectively.

During the three months endedSeptember 30, 2014, the following activity occurred under the Company’s existing plans:

Stock Options:

	Number of Options (in thousands)		Weighted Average Price (in dollars)
Options outstanding at July 1, 2014	7,931		$	52
Options granted	13		$	83
Options exercised	(913	)	$	42
Options canceled	(25	)	$	47
Options outstanding at September 30, 2014 (A)	7,006		$	53

(A) On October 1, 2014, after calculating the ADP stock option conversion ratio and the CDK stock option conversion ratio, ADP stock options outstanding increased by 849 thousand and the strike prices were adjusted to preserve the intrinsic value of remaining ADP employees' awards. The number of outstanding ADP stock options also decreased by 823 thousand related to the previously outstanding ADP awards substituted with CDK awards for CDK employees. The weighted average grant price of ADP options outstanding at October 1, 2014 as a result of the conversion was $46.85.

Time-Based Restricted Stock and Time-Based Restricted Stock Units:

	Number of Shares (in thousands)		Number of Units (in thousands)
Restricted shares/units outstanding at July 1, 2014	2,341		571
Restricted shares/units granted	874		215
Restricted shares/units vested	(1,064	)	(250	)
Restricted shares/units forfeited	(23	)	(25	)
Restricted shares/units outstanding at September 30, 2014 (B)	2,128		511

(B) On October 1, 2014, after calculating the ADP restricted stock and restricted stock unit conversion ratio and the CDK restricted stock and restricted stock unit conversion ratio, ADP time-based restricted stock and time-based restricted stock units increased by 261 thousand and 64 thousand, respectively, to preserve the intrinsic value of remaining ADP employees' awards. ADP time-based restricted stock and time-based restricted stock units decreased by 189 thousand and 43 thousand, respectively, related to the previously outstanding ADP awards substituted with CDK awards for CDK employees.

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Performance-Based Restricted Stock and Performance-Based Restricted Stock Units:

	Number of Shares (in thousands)		Number of Units (in thousands)
Restricted shares/units outstanding at July 1, 2014	803		318
Restricted shares/units granted	335		217
Restricted shares/units vested	(223	)	(13	)
Restricted shares/units forfeited	(12	)	—
Restricted shares/units outstanding at September 30, 2014 (C)	903		522

(C) On October 1, 2014, upon calculating the ADP restricted stock and restricted stock unit conversion ratio and the CDK restricted stock and restricted stock unit conversion ratio, ADP performance-based restricted stock and performance-based restricted stock units increased by 181 thousand and 10 thousand, respectively, to preserve the intrinsic value of continuing ADP employees' post-spin. ADP performance-based restricted stock and performance-based restricted stock units decreased by 45 thousand and 35 thousand, respectively, to represent the previously outstanding ADP awards substituted with CDK awards for CDK employees.

The fair value of each stock option issued is estimated on the date of grant using a binomial option pricing model.  The binomial model considers a range of assumptions related to volatility, risk-free interest rate, and employee exercise behavior.  Expected volatilities utilized in the binomial model are based on a combination of implied market volatilities, historical volatility of the Company’s stock price, and other factors.  Similarly, the dividend yield is based on historical experience and expected future changes. The risk-free rate is derived from the U.S. Treasury yield curve in effect at the time of grant.  The binomial model also incorporates exercise and forfeiture assumptions based on an analysis of historical data.  The expected life of the stock option grant is derived from the output of the binomial model and represents the period of time that options granted are expected to be outstanding.

The fair value for stock options granted was estimated at the date of grant using the following assumptions:

	Three Months Ended
	September 30,
	2014			2013
Risk-free interest rate	1.9		%	1.5		%
Dividend yield	2.3		%	2.4		%
Weighted average volatility factor	22.8		%	23.6		%
Weighted average expected life (in years)	5.4			5.4
Weighted average fair value (in dollars)	$	14.16		$	12.44

B.  Pension Plans

The components of net pension expense were as follows:

	Three Months Ended
	September 30,
	2014			2013
Service cost – benefits earned during the period	$	19.2		$	16.6
Interest cost on projected benefits	15.8			15.6
Expected return on plan assets	(32.5		)	(29.8		)
Net amortization and deferral	4.4			5.0
Curtailments and special termination benefits	3.2			—
Net pension expense	$	10.1		$	7.4

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Net pension expense for the three months endedSeptember 30, 2014 and 2013, includes $4.3 million and $1.2 million, respectively, reported within earnings from discontinued operations on the Statements of Consolidated Earnings. Included within pension expense related to discontinued operations for the three months endedSeptember 30, 2014 were total one-time charges of $3.2 million for curtailment charges and special termination benefits directly attributable to the spin-off of CDK.

Note 11. Income Taxes

The effective tax rate for the three months endedSeptember 30, 2014 and 2013 was 34.1% and 34.4%, respectively. The decrease in the effective tax rate is due to adjustments to the tax liability during the three months endedSeptember 30, 2014 for amounts previously accrued, partially offset by an increase in foreign taxes, an unfavorable mix of earnings between jurisdictions and the resolution of certain tax matters during the three months endedSeptember 30, 2013.

Note 12. Commitments and Contingencies

On July 18, 2011, athenahealth, Inc. filed a complaint against ADP AdvancedMD, Inc. (“ADP AdvancedMD”), a subsidiary of the Company. The complaint alleges that ADP AdvancedMD’s activities in providing medical practice management and billing and revenue management software and associated services to physicians and medical practice managers infringe two patents owned by athenahealth, Inc. The complaint seeks monetary damages, injunctive relief, and costs. In October 2014, ADP AdvancedMD and athenahealth, Inc. entered into a memorandum of understanding to settle this claim and resolve all allegations which were brought against ADP AdvancedMD. The memorandum of understanding contemplates that the parties will jointly move to dismiss this lawsuit. The terms of the memorandum of understanding will not have a material adverse impact on the Company's results of operations, financial condition or cash flows.

In June 2011, the Company received a Commissioner’s Charge from the U.S. Equal Employment Opportunity Commission (“EEOC”) alleging that the Company has violated Title VII of the Civil Rights Act of 1964 by refusing to recruit, hire, transfer and promote certain persons on the basis of their race, in the State of Illinois from at least the period of January 1, 2007 to the present.  The Company continues to investigate the allegations set forth in the Commissioner’s Charge and is cooperating with the EEOC’s investigation.

The Company is subject to various claims and litigation 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. At this time, the Company is unable to estimate any reasonably possible loss, or range of reasonably possible loss, with respect to the matters described above. This is primarily because these matters involve complex issues subject to inherent uncertainty. There can be no assurance that these matters will be resolved in a manner that is not adverse to the Company.

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.

As a result of the CDK spin-off, the Company's obligations decreased from those disclosed in the Annual Report on Form 10-K for the year ended June 30, 2014 as these obligations are assumed by CDK. The minimum commitments related to CDK on June 30, 2014 for various facilities and equipment leases and software license agreements were as follows:

Years ending June 30,
2015	$	32.0
2016	22.1
2017	12.7
2018	5.2
2019	3.8
Thereafter	5.6
	$	81.4

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CDK also had obligations related to purchase and maintenance agreements on software, equipment, and other assets of which $2.9 million, $4.1 million, and $2.4 million relates to fiscal years ending June 30, 2015, 2016, and 2017, respectively, which were assumed by CDK as part of the spin-off.

Note 13. Foreign Currency Risk Management Programs

The Company transacts business in various foreign jurisdictions and is therefore exposed to market risk from changes in foreign currency exchange rates that could impact its consolidated results of operations, financial position, or cash flows.  The Company manages its exposure to these market risks through its regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments.  The Company does not use derivative financial instruments for trading purposes.  The Company had no derivative financial instruments outstanding at September 30, 2014 or June 30, 2014.

Note 14. Reclassifications out of Accumulated Other Comprehensive Income ("AOCI")

Changes in AOCI by component are as follows:

	Three Months Ended
	September 30, 2014
	Currency Translation Adjustment				Net Gains/Losses on Available-for-sale Securities				Pension Liability				Accumulated Other Comprehensive Income
Balance at June 30, 2014	$	99.5			$	211.6			$	(132.9	)		$	178.2
Other comprehensive loss before reclassification adjustments	(108.9		)		(94.1		)		—				(203.0		)
Tax effect	—				34.0				—				34.0
Reclassification adjustments to net earnings	—				(0.8		)	(A)	8.2			(B)	7.4
Tax effect	—				0.3				(2.8		)		(2.5		)
Reclassification adjustments to     retained earnings	(88.2		)	(C)	—				—				(88.2		)
Balance at September 30, 2014	$	(97.6	)		$	151.0			$	(127.5	)		$	(74.1	)

	Three Months Ended
	September 30, 2013
	Currency Translation Adjustment		Net Gains on Available-for-sale Securities				Pension Liability				Accumulated Other Comprehensive Income
Balance at June 30, 2013	$	39.6	$	186.7			$	(210.9	)		$	15.4
Other comprehensive income before      reclassification adjustments	43.3		14.8				—				58.1
Tax effect	—		(5.0		)		—				(5.0		)
Reclassification adjustments to     net earnings	—		(3.5		)	(A)	5.1			(B)	1.6
Tax effect	—		1.3				(0.9		)		0.4
Balance at September 30, 2013	$	82.9	$	194.3			$	(206.7	)		$	70.5

(A) Reclassification adjustments out of AOCI are included within Other income, net, on the Statements of Consolidated Earnings.

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(B) Reclassification adjustments out of AOCI are included in net pension expense (see Note 10).

(C) Reclassification adjustment out of AOCI are related to the CDK spin-off and included in retained earnings on the Consolidated Balance Sheets.

Note 15. Interim Financial Data by Segment

Based upon similar economic and operational characteristics, the Company’s strategic business units have been aggregated into the following two reportable segments: Employer Services and PEO Services.  The primary components of the “Other” segment are the results of operations of ADP Indemnity (a wholly-owned captive insurance company that provides workers’ compensation and employer’s liability deductible reimbursement insurance protection for PEO Services worksite employees), non-recurring gains and losses, miscellaneous processing services, such as customer financing transactions, and certain charges and expenses that have not been allocated to the reportable segments, such as stock-based compensation expense.  

Certain revenues and expenses are charged to the reportable segments at a standard rate for management reasons.  Other costs are recorded based on management responsibility.  There is a reconciling item for the difference between actual interest income earned on invested funds held for clients and interest credited to Employer Services and PEO Services at a standard rate of 4.5%. This allocation is made for management reasons so that the reportable segments' results are presented on a consistent basis without the impact of fluctuations in interest rates. This reconciling adjustment to the reportable segments' revenues and earnings from continuing operations before income taxes is eliminated in consolidation.

Segment Results:

	Revenues from Continuing Operations
	Three Months Ended
	September 30,
	2014			2013
Employer Services	$	2,099.1		$	1,963.2
PEO Services	594.9			505.1
Other	(0.1		)	0.1
Reconciling item:
Client fund interest	(120.1		)	(106.4		)
	$	2,573.8		$	2,362.0

	Earnings from Continuing Operations before Income Taxes
	Three Months Ended
	September 30,
	2014			2013
Employer Services	$	584.2		$	523.3
PEO Services	66.7			51.9
Other	(78.3		)	(65.2		)
Reconciling item:
Client fund interest	(120.1		)	(106.4		)
	$	452.5		$	403.6

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Note 16. Subsequent Events

With the exception of the repayment of the commercial paper obligation in October 2014 discussed in Note 9, the impacts of ADP's stock-based compensation awards outstanding as discussed in Note 10, and ADP entering into a memorandum of understanding to settle the claim and resolve allegations brought against ADP AdvancedMD by athenahealth, Inc. as discussed in Note 12, there are no further subsequent events for disclosure.

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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

(Tabular dollars are presented in millions, except per share amounts)

FORWARD-LOOKING STATEMENTS

This document and other written or oral statements made from time to time by Automatic Data Processing, Inc. and its subsidiaries ("ADP" or "the Company") may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be identified by the use of words like “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could” and other words of similar meaning, are forward-looking statements. These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include: ADP's success in obtaining, retaining and selling additional services to clients; the pricing of products and services; changes in, or interpretations of, existing legislation or regulations, or compliance with new legislation or regulations; overall market, political and economic conditions, including interest rate and foreign currency trends; competitive conditions; our ability to maintain our current credit rating and the impact on our funding costs and profitability; vulnerability to security breaches, fraudulent acts, and system interruptions and failures; employment and wage levels; changes in technology; availability of skilled technical associates; and the impact of new acquisitions and divestitures. ADP disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. These risks and uncertainties, along with the risk factors discussed under “Item 1A. - Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended June 30, 2014 ("fiscal 2014") should be considered in evaluating any forward-looking statements contained herein.

CRITICAL ACCOUNTING POLICIES

Our consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Our consolidated financial statements and relevant footnotes have been adjusted for discontinued operations.  The preparation of these financial statements requires management to make estimates, judgments and assumptions that affect reported amounts of assets, liabilities, revenues, expenses, and other comprehensive income.  We continually evaluate the accounting policies and estimates used to prepare the consolidated financial statements.  The estimates are based on historical experience and assumptions believed to be reasonable under current facts and circumstances.  Actual amounts and results could differ from these estimates made by management.  Certain accounting policies that require significant management estimates and are deemed critical to our results of operations or financial position are discussed in our Annual Report on Form 10-K for fiscal 2014 in the Critical Accounting Policies section of Management's Discussion and Analysis of Financial Condition and Results of Operations.

RESULTS OF OPERATIONS

Executive Overview

We are one of the largest providers of business processing and cloud-based solutions - including payroll, talent management, human resource management, benefits administration and time and attendance - to employers around the world.  As a leading global Human Capital Management ("HCM") solutions provider, we are focused on driving product innovation and enhancing our distribution and service capabilities.   

On September 30, 2014, we separated our former Dealer Services business into its own independent publicly traded company called CDK Global, Inc. ("CDK"). In connection with the spin-off, we received $825.0 million from CDK as a tax-free dividend, which we plan to return to our shareholders via share repurchases by the end of the year ended June 30, 2015 ("fiscal 2015"), depending on market conditions. We believe that the separation of the Dealer Services business will allow us to focus on our global HCM strategy.

Our results during the three months endedSeptember 30, 2014 continue to reflect the strength of our underlying business model, including the diversity of our client base and products. Our focus on product innovation and investments in our salesforce led to growth in new business bookings. We are pleased with the performance of our business segments, which have continued to drive good revenue growth and pretax margin expansion. Revenue retention improved across our business segments and we continue to benefit from the strength of our pays per control metric, which represents the number of employees on our clients' payrolls as measured on a same-store-sales basis utilizing a representative subset of payrolls ranging from small to large businesses that are reflective of a broad range of U.S. geographic regions. High-margin client interest revenue increased slightly in the three months endedSeptember 30, 2014 at a slower rate than our underlying processing

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revenue and this is a trend we expect to continue throughout fiscal 2015. Our financial condition and balance sheet remain solid at September 30, 2014, with cash and cash equivalents of $2,175.7 million.

We have a strong business model with a high percentage of recurring revenues, excellent margins, the ability to generate consistent, healthy cash flows, strong client retention, and low capital expenditure requirements. We invest our funds held for clients in accordance with ADP's prudent and conservative investment guidelines, where the safety of principal, liquidity, and diversification are the foremost objectives of our investment strategy. We continue to return excess cash to our shareholders through dividends and our share repurchase program.

Analysis of Consolidated Operations

	Three Months Ended
	September 30,
	2014			2013			$ Change			% Change
Total revenues from continuing operations	$	2,573.8		$	2,362.0		$	211.8		9	%
Costs of revenues:
Operating expenses	1,363.3			1,259.5			103.8			8	%
Systems development and     programming costs	146.7			132.5			14.2			11	%
Depreciation and amortization	51.9			48.8			3.1			6	%
Total costs of revenues	1,561.9			1,440.8			121.1			8	%
Selling, general and     administrative costs	578.0			537.7			40.3			7	%
Interest expense	1.9			1.9			—			—	%
Total expenses	2,141.8			1,980.4			161.4			8	%
Other income, net	(20.5		)	(22.0		)	(1.5		)	(7	)%
Earnings from continuing     operations before income taxes	$	452.5		$	403.6		$	48.9		12	%
Margin	17.6		%	17.1		%
Provision for income taxes	$	154.5		$	138.7		$	15.8		11	%
Effective tax rate	34.1		%	34.4		%
Net earnings from continuing      operations	$	298.0		$	264.9		$	33.1		12	%
Diluted earnings per share from     continuing operations	$	0.62		$	0.55		$	0.07		13	%

Total Revenues

Total revenues increased $211.8 million, or 9%, to $2,573.8 million for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013, primarily due to anincrease in revenues in Employer Services of 7%, or $135.9 million, to $2,099.1 million and anincrease in revenues in Professional Employer Organization ("PEO") Services of 18%, or $89.8 million, to $594.9 million.  

Total revenues for the three months endedSeptember 30, 2014 include interest on funds held for clients of $90.3 million, as compared to $89.2 million for the three months endedSeptember 30, 2013.  The increase in the consolidated interest earned on funds held for clients resulted from the increase in our average client funds balance of 7%, to $18.7 billion, for the three months endedSeptember 30, 2014, offset by the decrease in the average interest rate earned to 1.9% for the three months endedSeptember 30, 2014, as compared to 2.0% for the three months endedSeptember 30, 2013.

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Total Expenses

Our total expenses increased $161.4 million, or 8%, to $2,141.8 million for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013.  The increase in our total expenses was primarily due to anincrease in operating expenses of $103.8 million, anincrease in selling, general and administrative expenses of $40.3 million, and anincrease in systems development and programming costs of $14.2 million.

Our total costs of revenues increased$121.1 million, or 8%, to $1,561.9 million for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013, primarily due to anincrease in operating expenses of $103.8 million and anincrease in systems development and programming costs of $14.2 million.

Operating expenses increased $103.8 million, or 8%, for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013, due to the increase in revenues described above, including the increase in PEO Services, which has pass-through costs that are re-billable and which includes costs for benefits coverage, workers’ compensation coverage, and state unemployment taxes for worksite employees.  These pass-through costs were $454.4 million for the three months endedSeptember 30, 2014, which included costs for benefits coverage of $382.9 million and costs for workers’ compensation and payment of state unemployment taxes of $71.5 million.  These pass-through costs were $386.7 million for the three months endedSeptember 30, 2013, which included costs for benefits coverage of $324.7 million and costs for workers’ compensation and payment of state unemployment taxes of $62.0 million.

Systems development and programming costs increased $14.2 million, or 11%, for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013, due to increased investments and costs to develop, support, and maintain our products, partially offset by a higher proportion of capitalized costs of our strategic projects.

Selling, general and administrative expenses increased $40.3 million, or 7%, for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013.  The increase was primarily related to an increase in selling expenses of $22.4 million resulting from growth in our salesforce and an increase in our stock-based compensation expense of $8.9 million, partially offset by a $10.0 million reversal of reserves related to Dealer Services financing arrangements which were sold to a third party prior to the spin.

Other Income, net

	Three Months Ended
	September 30,
	2014			2013			$ Change
Interest income on corporate funds	$	(18.3	)	$	(18.5	)	$	(0.2	)
Realized gains on available-for-sale securities	(1.0		)	(4.3		)	(3.3		)
Realized losses on available-for-sale securities	0.2			0.8			0.6
Gain on the sale of notes receivable	(1.4		)	—			1.4
Other income, net	$	(20.5	)	$	(22.0	)	$	(1.5	)

Other income, net, decreased $1.5 million for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013.  The decrease was due to a $2.7 million decrease in net realized gains on our available-for-sale securities, partially offset by a gain of $1.4 million on the sale of notes receivable related to our Dealer Services financing arrangements to a third party.

Earnings from Continuing Operations before Income Taxes

Earnings from continuing operations before income taxes increased$48.9 million, or 12%, to $452.5 million for the three months endedSeptember 30, 2014. Overall margin increased from 17.1% to 17.6% due to margin improvement in our business segments. This increase related to scale and operating efficiencies in our business segments, partially offset by a 50 basis point decrease related to stock-based compensation and a 30 basis point decrease related to interest on funds held for clients growing slower than our processing revenues for the three months endedSeptember 30, 2014 as compared to the three months endedSeptember 30, 2013.

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Provision for Income Taxes

The effective tax rate for the three months endedSeptember 30, 2014 and 2013 was 34.1% and 34.4%, respectively. The decrease in the effective tax rate is due to adjustments to the tax liability during the three months endedSeptember 30, 2014 for amounts previously accrued, partially offset by an increase in foreign taxes, an unfavorable mix of earnings between jurisdictions and the resolution of certain tax matters during the three months endedSeptember 30, 2013.

Net Earnings from Continuing Operations and Diluted Earnings per Share from Continuing Operations

Net earnings from continuing operations increased $33.1 million, or 12%, to $298.0 million for the three months endedSeptember 30, 2014, compared to the three months endedSeptember 30, 2013. Diluted earnings per share from continuing operations increased 13% to $0.62 for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013.

For the three months endedSeptember 30, 2014, our diluted earnings per share from continuing operations reflects the increase in net earnings from continuing operations and the impact of fewer shares outstanding as a result of the repurchase of approximately 0.6 million shares during the three months endedSeptember 30, 2014 and the repurchase of 9.0 million shares in the fiscal year ended June 30, 2014.

Analysis of Reportable Segments

	Revenues from Continuing Operations
	Three Months Ended
	September 30,
	2014			2013			$ Change			% Change
Employer Services	$	2,099.1		$	1,963.2		$	135.9		7	%
PEO Services	594.9			505.1			89.8			18	%
Other	(0.1		)	0.1			(0.2		)
Reconciling item:
Client fund interest	(120.1		)	(106.4		)	(13.7		)
	$	2,573.8		$	2,362.0		$	211.8		9	%

	Earnings from Continuing Operations before Income Taxes
	Three Months Ended
	September 30,
	2014			2013			$ Change			% Change
Employer Services	$	584.2		$	523.3		$	60.9		12	%
PEO Services	66.7			51.9			14.8			29	%
Other	(78.3		)	(65.2		)	(13.1		)
Reconciling item:
Client fund interest	(120.1		)	(106.4		)	(13.7		)
	$	452.5		$	403.6		$	48.9		12	%

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Employer Services

Revenues

Employer Services' revenues increased$135.9 million, or 7%, to $2,099.1 million for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013. Revenues increased due to new business started during the year from new business bookings, an increase in the number of employees on our clients’ payrolls, and the impact of price increases. Our worldwide client revenue retention rate for the three months endedSeptember 30, 2014 increased 70 basis points as compared to our rate for the three months endedSeptember 30, 2013 and our pays per control increased 3.1% for the three months endedSeptember 30, 2014. 

Earnings from Continuing Operations before Income Taxes

Employer Services’ earnings from continuing operations before income taxes increased$60.9 million, or 12%, to $584.2 million for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013.  The increase was due to increased revenues of $135.9 million discussed above, which was partially offset by an increase in expenses of $75.0 million.  The increase in expenses is related to increased revenues, including increased labor-related costs which grew at a slower rate than revenues over the same period prior year levels. Overall margin increased from 26.7% to 27.8% for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013, due to increased operating efficiencies.

PEO Services

Revenues

PEO Services' revenues increased$89.8 million, or 18%, to $594.9 million for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013.  Such revenues include pass-through costs of $454.4 million for the three months endedSeptember 30, 2014 and $386.7 million for the three months endedSeptember 30, 2013 associated with benefits coverage, workers' compensation coverage, and state unemployment taxes for worksite employees.  The increase in revenues was due to a 15% increase in the average number of worksite employees, resulting from an increase in the number of new clients and growth in our existing clients.

Earnings from Continuing Operations before Income Taxes

PEO Services’ earnings from continuing operations before income taxes increased$14.8 million, or 29%, to $66.7 million for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013.  Earnings from continuing operations before income taxes increased due to growth in earnings related to the increase in the average number of worksite employees.  Overall margin increased from 10.3% to 11.2% for the three months endedSeptember 30, 2014, as compared to the three months endedSeptember 30, 2013, due to increased operating and sales efficiencies.

Other

The primary components of the “Other” segment are the results of operations of ADP Indemnity, non-recurring gains and losses, miscellaneous processing services, such as customer financing transactions, and certain charges and expenses that have not been allocated to the reportable segments, such as stock-based compensation expense.

ADP Indemnity provides workers' compensation and employer's liability deductible reimbursement insurance protection for PEO Services worksite employees up to $1 million per occurrence.  PEO Services has secured specific per occurrence insurance from a wholly-owned and regulated insurance carrier of AIG that covers all losses in excess of $1 million per occurrence.  We utilize historical loss experience and actuarial judgment to determine the estimated claim liability for the PEO Services business.  Premiums are charged to PEO Services to cover the claims expected to be incurred by the PEO Services' worksite employees.  Changes in estimated ultimate incurred losses are recognized by ADP Indemnity.  During the three months endedSeptember 30, 2014, ADP Indemnity paid a premium of $167.9 million to enter into a reinsurance agreement with ACE American Insurance Company to cover substantially all losses incurred by ADP Indemnity for the fiscal 2015 policy year up to $1 million per occurrence related to the workers' compensation and employer's liability deductible reimbursement insurance protection for PEO Services worksite employees. In addition, during the three months endedSeptember 30, 2013, ADP Indemnity paid a premium of $142.4 million to enter into a reinsurance agreement for the fiscal 2014 policy year.

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FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

At September 30, 2014, cash and marketable securities were $4,483.9 million, stockholders' equity was $5,827.3 million, and the ratio of long-term debt-to-equity was 0.2%.  Working capital before funds held for clients, client funds obligations, and working capital components of the discontinued operations at September 30, 2014 was $2,430.7 million, as compared to $1,192.5 million at June 30, 2014. The increase in working capital was due to an increase in cash and cash equivalents of $589.8 million, which includes proceeds from the sale of the notes receivable associated with our Dealer Services financing arrangements of $207.2 million and the dividend received from CDK of $825.0 million during the three months endedSeptember 30, 2014. The dividend received will be returned to our shareholders through share repurchases during fiscal 2015, depending on market conditions. The increase in working capital was also driven by an increase in short-term marketable securities and a decrease in the obligation outstanding under our commercial paper program.

Our principal sources of liquidity for operations are derived from cash generated through operations and through corporate cash and marketable securities on hand.  We also have the ability to borrow through our financing arrangements under our U.S. commercial paper program and our U.S. and Canadian short-term reverse repurchase agreements to meet short-term funding requirements related to client funds obligations.  We generated positive cash flows from operations during the three months endedSeptember 30, 2014 and we held approximately $4.5 billion of cash and marketable securities at September 30, 2014. Of the cash and cash equivalents and marketable securities held at September 30, 2014, $0.6 billion was held by our foreign subsidiaries.  Amounts held by foreign subsidiaries, if repatriated to the U.S., would generally be subject to foreign withholding and U.S. income taxes, adjusted for foreign tax credits. 

Our cash flows from operating, investing, and financing activities, as reflected in the Statements of Consolidated Cash Flows for the three months endedSeptember 30, 2014 and 2013, are summarized as follows:

	Three Months Ended
	September 30,
	2014			2013			$ Change
Cash provided by (used in):
Operating activities	$	378.2		$	81.3		$	296.9
Investing activities	267.1			2,504.1			(2,237.0		)
Financing activities	(418.0		)	(3,137.5		)	2,719.5
Effect of exchange rate changes on cash and cash equivalents	(35.2		)	2.0			(37.2		)
Net change in cash and cash equivalents	$	192.1		$	(550.1	)	$	742.2

Net cash flows provided by operating activities were $378.2 million for the three months endedSeptember 30, 2014, as compared to $81.3 million for the three months endedSeptember 30, 2013.  Operating cash flows for the three months endedSeptember 30, 2014 and September 30, 2013 included cash payments for reinsurance agreements of $167.9 million and $142.4 million, respectively. The increase in net cash flows provided by operating activities was primarily due to the proceeds from the sale of notes receivable related to Dealer Services financing arrangements, which were sold to a third party during the three months endedSeptember 30, 2014, of $207.2 million, our contribution to our pension plans of $2.7 million for the three months ended September 30, 2014 compared to $77.3 million for the three months ended September 30, 2013, and the remaining net changes in the components of working capital.

Net cash flows provided by investing activities were $267.1 million for the three months endedSeptember 30, 2014, as compared to $2,504.1 million for the three months endedSeptember 30, 2013. The net change in cash provided by investing activities is primarily due to the timing and disbursements of restricted cash and cash equivalents held to satisfy client fund obligations of $2,389.0 million and the timing of purchases of and proceeds from corporate and client funds marketable securities of $501.5 million, partially offset by the receipt of the CDK dividend during the three months ended September 30, 2014.

Net cash flows used in financing activities were $418.0 million for the three months endedSeptember 30, 2014 as compared to $3,137.5 million for the three months endedSeptember 30, 2013.  The net change in cash used in financing activities is primarily due to the timing of borrowings and repayments under our commercial paper program, which is dependent upon our short-term financing needs related to client fund obligations.

We purchased approximately 0.6 million shares of our common stock at an average price per share of $82.64 during the three months endedSeptember 30, 2014 compared to purchases of 4.2 million shares at an average price per share of $72.33 during

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the three months endedSeptember 30, 2013.  From time to time, we may repurchase shares of our common stock under our authorized share repurchase program.  We consider several factors in determining when to execute share repurchases, including, among other things, actual and potential acquisition activity, cash balances and cash flows, issuances due to employee benefit plan activity, and market conditions.  We plan to use the proceeds of the $825.0 million CDK dividend to repurchase shares of our stock during the remainder of fiscal 2015, subject to market conditions.

Our U.S. short-term funding requirements related to client funds are sometimes obtained through a commercial paper program, which provides for the issuance of up to $7.5 billion in aggregate maturity value of commercial paper, rather than liquidating previously-collected client funds that have already been invested in available-for-sale securities.  Our commercial paper program is rated A-1+ by Standard & Poor’s and Prime-1 by Moody’s.  These ratings denote the highest quality commercial paper securities.  Maturities of commercial paper can range from overnight to up to 364 days. For the three months endedSeptember 30, 2014 and 2013, our average borrowings were $3.1 billion at weighted average interest rate of 0.1%. The weighted average maturity of the Company’s commercial paper during the three months endedSeptember 30, 2014 approximated two days. We have successfully borrowed through the use of our commercial paper program on an as-needed basis to meet short-term funding requirements related to client funds obligations. At September 30, 2014, we had $1.9 billion of commercial paper outstanding, which was subsequently repaid on October 1, 2014. At June 30, 2014, we had $2.2 billion for commercial paper outstanding, which was repaid on July 1, 2014.

Our U.S. and Canadian short-term funding requirements related to client funds obligations are sometimes obtained on a secured basis through the use of reverse repurchase agreements, which are collateralized principally by government and government agency securities, rather than liquidating previously-collected client funds that have already been invested in available-for-sale securities. These agreements generally have terms ranging from overnight to up to five business days. We have successfully borrowed through the use of reverse repurchase agreements on an as-needed basis to meet short-term funding requirements related to client funds obligations. At September 30, 2014 and June 30,2014, the Company had no obligations outstanding related to reverse repurchase agreements. For the three months endedSeptember 30, 2014 and 2013, the Company had average outstanding balances under reverse repurchase agreements of $570.7 million and $529.4 million, respectively, at weighted average interest rates of 0.4% and 0.5%, respectively. In addition, we have $3.25 billion available to us on a committed basis under these reverse repurchase agreements.  We believe that we currently meet all conditions set forth in the committed reverse repurchase agreements to borrow thereunder, and we are not aware of any conditions that would prevent us from borrowing part or all of the $3.25 billion available to us under the committed reverse repurchase agreements. 

We have a $2.25 billion, 364-day credit agreement with a group of lenders that matures in June 2015. In addition, we have a five-year $2.0 billion credit facility and a five-year $3.25 billion credit facility maturing in June 2018 and June 2019, respectively, each with an accordion feature under which the aggregate commitment can be increased by $500.0 million, subject to the availability of additional commitments. The interest rate applicable to committed borrowings is tied to LIBOR, the effective federal funds rate, or the prime rate depending on the notification provided by the Company to the syndicated financial institutions prior to borrowing.  The Company is also required to pay facility fees on the credit agreements. The primary uses of the credit facilities are to provide liquidity to the commercial paper program and funding for general corporate purposes, if necessary.  We had no borrowings through September 30, 2014 under the credit agreements. We believe that we currently meet all conditions set forth in the revolving credit agreements to borrow thereunder, and we are not aware of any conditions that would prevent us from borrowing part or all of the $7.5 billion available to us under the revolving credit agreements.

Our investment portfolio does not contain any asset-backed securities with underlying collateral of subprime mortgages, alternative-A mortgages, sub-prime auto loans or sub-prime home equity loans, collateralized debt obligations, collateralized loan obligations, credit default swaps, asset-backed commercial paper, derivatives, auction rate securities, structured investment vehicles or non-investment grade fixed-income securities. We own AAA rated senior tranches of fixed rate credit card, auto loan, rate reduction, and other asset-backed securities, secured predominantly by prime collateral.  All collateral on asset-backed securities is performing as expected.  In addition, we own senior debt directly issued by Federal Home Loan Banks and Federal Farm Credit Banks.  We do own mortgage-backed securities, which represent an undivided beneficial ownership interest in a group or pool of one or more residential mortgages.  These securities are collateralized by the cash flows of 15-year and 30-year residential mortgages and are guaranteed by Federal National Mortgage Association or Federal Home Loan Mortgage Corporation as to the timely payment of principal and interest.  Our client funds investment strategy is structured to allow us to average our way through an interest rate cycle by laddering the maturities of our investments out to five years (in the case of the extended portfolio) and out to ten years (in the case of the long portfolio).  This investment strategy is supported by our short-term financing arrangements necessary to satisfy short-term funding requirements relating to client funds obligations.

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Capital expenditures for continuing operations for the three months endedSeptember 30, 2014 were $41.7 million, as compared to $40.4 million for the three months endedSeptember 30, 2013.  Capital expenditures for continuing operations for fiscal 2015 are expected to be between $175 million and $200 million as compared to $175.1 million in fiscal 2014.

In the normal course of business, we also enter into contracts in which we make representations and warranties that relate to the performance of our services and products.  We do not expect any material losses related to such representations and warranties.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Our overall investment portfolio is comprised of corporate investments (cash and cash equivalents, short-term marketable securities, and long-term marketable securities) and client funds assets (funds that have been collected from clients but not yet remitted to the applicable tax authorities or client employees).

Our corporate investments are invested in cash and cash equivalents and highly liquid, investment-grade marketable securities.  These assets are available for repurchases of common stock for treasury and/or acquisitions, as well as other corporate operating purposes.  All of our short-term and long-term fixed-income securities are classified as available-for-sale securities.

Our client funds assets are invested with safety of principal, liquidity, and diversification as the primary goals. Consistent with those goals, we also seek to maximize interest income and to minimize the volatility of interest income.  Client funds assets are invested in highly liquid, investment-grade marketable securities, with a maximum maturity of 10 years at the time of purchase and money market securities and other cash equivalents.  At September 30, 2014, approximately 92% of the available-for-sale securities categorized as U.S. Treasury and direct obligations of U.S. government agencies were invested in senior, unsecured, non-callable debt directly issued by the Federal Home Loan Banks and Federal Farm Credit Banks.

We utilize a strategy by which we extend the maturities of our investment portfolio for funds held for clients and employ short-term financing arrangements to satisfy our short-term funding requirements related to client funds obligations.  Our client funds investment strategy is structured to allow us to average our way through an interest rate cycle by laddering the maturities of our investments out to five years (in the case of the extended portfolio) and out to ten years (in the case of the long portfolio).  As part of our client funds investment strategy, we use the daily collection of funds from our clients to satisfy other unrelated client funds obligations, rather than liquidating previously-collected client funds that have already been invested in available-for-sale securities.  We minimize the risk of not having funds collected from a client available at the time such client’s obligation becomes due by impounding, in virtually all instances, the client’s funds in advance of the timing of payment of such client’s obligation.  As a result of this practice, we have consistently maintained the required level of client funds assets to satisfy all of our obligations.

There are inherent risks and uncertainties involving our investment strategy relating to our client funds assets.  Such risks include liquidity risk, including the risk associated with our ability to liquidate, if necessary, our available-for-sale securities in a timely manner in order to satisfy our client funds obligations.  However, our investments are made with the safety of principal, liquidity, and diversification as the primary goals to minimize the risk of not having sufficient funds to satisfy all of our client funds obligations.  We also believe we have significantly reduced the risk of not having sufficient funds to satisfy our client funds obligations by consistently maintaining access to other sources of liquidity, including our corporate cash balances, available borrowings under our $7.5 billion commercial paper program (rated A-1+ by Standard & Poor’s and Prime-1 (P-1) by Moody’s, the highest possible credit ratings), our ability to execute reverse repurchase transactions ($3.25 billion of which is available on a committed basis), and available borrowings under our $7.5 billion committed revolving credit facilities. The reduced availability of financing during periods of economic turmoil, even to borrowers with the highest credit ratings, may limit our ability to access short-term debt markets to meet the liquidity needs of our business.  In addition to liquidity risk, our investments are subject to interest rate risk and credit risk, as discussed below.

We have established credit quality, maturity, and exposure limits for our investments.  The minimum allowed credit rating at time of purchase for corporate and Canadian provincial bonds is BBB, for asset-backed securities is AAA, and for municipal bonds is A.  The maximum maturity at time of purchase for BBB rated securities is 5 years, for single A rated securities is 7 years, and for AA rated and AAA rated securities is 10 years. Time deposits and commercial paper must be rated A-1 and/or P-1. Money market funds must be rated AAA/Aaa-mf.

31

Details regarding our overall investment portfolio are as follows:

	Three Months Ended
	September 30,
	2014			2013
Average investment balances at cost:
Corporate investments	$	5,339.9		$	5,011.3
Funds held for clients	18,705.0			17,422.8
Total	$	24,044.9		$	22,434.1
Average interest rates earned exclusive of realized    gains/(losses) on:
Corporate investments	1.4		%	1.5		%
Funds held for clients	1.9		%	2.0		%
Total	1.8		%	1.9		%
Realized gains on available-for-sale securities	$	1.0		$	4.3
Realized losses on available-for-sale securities	(0.2		)	(0.8		)
Net realized gains on available-for-sale securities	$	0.8		$	3.5

	September 30, 2014		June 30, 2014
Net unrealized pre-tax gains on available-for-sale securities	$	229.6	$	324.4
Total available-for-sale securities at fair value	$	20,237.2	$	20,156.5

We are exposed to interest rate risk in relation to securities that mature, as the proceeds from maturing securities are reinvested.  Factors that influence the earnings impact of the interest rate changes include, among others, the amount of invested funds and the overall portfolio mix between short-term and long-term investments.  This mix varies during the fiscal year and is impacted by daily interest rate changes.  The annualized interest rates earned on our entire portfolio decreased from 1.9% for the three months endedSeptember 30, 2013 to 1.8% for the three months endedSeptember 30, 2014.  A hypothetical change in both short-term interest rates (e.g., overnight interest rates or the federal funds rate) and intermediate-term interest rates of 25 basis points applied to the estimated average investment balances and any related short-term borrowings would result in approximately a $11 million impact to earnings from continuing operations before income taxes over the ensuing twelve-month period ending September 30, 2015.  A hypothetical change in only short-term interest rates of 25 basis points applied to the estimated average short-term investment balances and any related short-term borrowings would result in approximately a $5 million impact to earnings from continuing operations before income taxes over the ensuing twelve-month period ending September 30,2015

We are exposed to credit risk in connection with our available-for-sale securities through the possible inability of the borrowers to meet the terms of the securities.  We limit credit risk by investing in investment-grade securities, primarily AAA and AA rated securities, as rated by Moody’s, Standard & Poor’s, and for Canadian securities, Dominion Bond Rating Service. Approximately 82% of our available-for-sale securities held a AAA or AA rating at September 30, 2014.  In addition, we limit amounts that can be invested in any security other than U.S. and Canadian government or government agency securities.

We operate and transact business in various foreign jurisdictions and are therefore exposed to market risk from changes in foreign currency exchange rates that could impact our consolidated results of operations, financial position, or cash flows.  We manage our exposure to these market risks through our regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments.  We use derivative financial instruments as risk management tools and not for trading purposes. We had no derivative financial instruments outstanding at September 30, 2014 or June 30, 2014.

32

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers," which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 requires an entity to recognize revenue depicting the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 will also result in enhanced revenue related disclosures. ASU 2014-09 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2016. We have not yet determined the impact of ASU 2014-09 on its consolidated results of operations, financial condition, or cash flows.

In April 2014, the FASB issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." ASU 2014-08 requires that a disposal representing a strategic shift that has (or will have) a major effect on an entity’s financial results or a business activity classified as held for sale should be reported as discontinued operations. ASU 2014-08 also expands the disclosure requirements for discontinued operations and adds new disclosures for individually significant dispositions that do not qualify as discontinued operations. ASU 2014-08 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2014. The impact of ASU 2014-08 is dependent upon the nature of dispositions, if any, after adoption.

In July 2014, we adopted ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 requires netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in settlement of the uncertain tax position. The adoption of ASU 2013-11 did not have a material impact on our consolidated results of operations, financial condition, or cash flows.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

The information called for by this item is provided under the caption "Quantitative and Qualitative Disclosures about Market Risk" under Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations.

Item 4.  Controls and Procedures

The Company carried out an evaluation, under the supervision and with the participation of the Company's management, including its Chief Executive Officer and Chief Financial Officer, of the effectiveness of the Company's disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 (the "evaluation").  Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the Company's management, including its Chief Executive Officer and Chief Financial Officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.  Based on the evaluation, the Company's Chief Executive Officer and Chief Financial Officer have concluded that the Company's disclosure controls and procedures were effective as of September 30, 2014 in ensuring that (i) information required to be disclosed by the Company in reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the Company's management, including its Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure and (ii) such information is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission's rules and forms.

There was no change in the Company's internal control over financial reporting that occurred during the three months endedSeptember 30, 2014 that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

PART II.  OTHER INFORMATION

Except as noted below, all other items are either inapplicable or would result in negative responses and, therefore, have been omitted.

Item 1.  Legal Proceedings

In the normal course of business, the Company is subject to various claims and litigation.  While the outcome of any litigation is inherently unpredictable, the Company believes it has valid defenses with respect to the legal matters pending against it and

33

the Company believes that the ultimate resolution of these matters will not have a material adverse impact on its financial condition, results of operations, or cash flows.

Item 1A.  Risk Factors

There have been no material changes in our risk factors disclosed in Part 1, Item 1A, of our Annual Report on Form 10-K for the fiscal year ended June 30, 2014.

34

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

Issuer Purchases of Equity Securities

	Total Number of Shares Purchased (1)	Average Price Paid per Share		Total Number of Shares Purchased as Part of the Publicly Announced Common Stock Repurchase Plan (2)	Maximum Number of Shares that may yet be Purchased under the Common Stock Repurchase Plan (2)
Period
July 1 to 31, 2014	6,847	$	79.99	2,900	15,486,708
August 1 to 31, 2014	411,094	$	82.33	410,000	45,076,708
September 1 to 30, 2014	618,789	$	83.76	158,074	44,918,634
Total	1,036,730			570,974

(1)  During the three months endedSeptember 30, 2014, pursuant to the terms of the Company's restricted stock program, the Company made repurchases of 465,756 shares at the then market value of the shares in connection with the exercise by employees of their options under such program to satisfy certain tax withholding requirements through the delivery of shares to the Company instead of cash.

(2)  The Company received the Board of Directors' approval to repurchase shares of our common stock as follows:

Date of Approval	Shares
March 2001	50 million
November 2002	35 million
November 2005	50 million
August 2006	50 million
August 2008	50 million
June 2011	35 million
August 2014	30 million

There is no expiration date for the common stock repurchase plan.

35

Item 6.  Exhibits

Exhibit Number	Exhibit
31.1	Certification by Carlos A. Rodriguez pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934
31.2	Certification by Jan Siegmund pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934
32.1	Certification by Carlos A. Rodriguez pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification by Jan Siegmund pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL instance document
101.SCH	XBRL taxonomy extension schema document
101.CAL	XBRL taxonomy extension calculation linkbase document
101.LAB	XBRL taxonomy label linkbase document
101.PRE	XBRL taxonomy extension presentation linkbase document
101.DEF	XBRL taxonomy extension definition linkbase document

36

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		AUTOMATIC DATA PROCESSING, INC. (Registrant)
Date:	October 30, 2014	/s/ Jan Siegmund Jan Siegmund
		Chief Financial Officer (Title)

37

EX-31.1

EXHIBIT 31.1

Certification Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934

I, Carlos A. Rodriguez, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Automatic Data Processing, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	October 30, 2014	/s/ Carlos A. Rodriguez
		Carlos A. Rodriguez
		President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

Certification Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934

I, Jan Siegmund, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Automatic Data Processing, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	October 30, 2014	/s/ Jan Siegmund
		Jan Siegmund
		Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Automatic Data Processing, Inc. (the "Company") on Form 10-Q for the fiscal quarter ended September 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Carlos A. Rodriguez, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date:	October 30, 2014	/s/ Carlos A. Rodriguez
		Carlos A. Rodriguez
		President and Chief Executive Officer

EX-32.2

EXHIBIT 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Automatic Data Processing, Inc. (the "Company") on Form 10-Q for the fiscal quarter ended September 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Jan Siegmund, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date:	October 30, 2014	/s/ Jan Siegmund
		Jan Siegmund
		Chief Financial Officer

XML

Corporate Investments And Funds Held For Clients (Available-For-Sale Securities That Have Been In An Unrealized Loss Position) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Sep. 30, 2014	Jun. 30, 2014
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses less than 12 months	$ (15.1)	$ (3.7)
Fair market value of securities in unrealized loss position less than 12 months	3,063.9	982.1
Unrealized losses greater than 12 months	(45.9)	(34.4)
Fair market value of securities in unrealized loss positions greater than 12 months	2,591.2	2,713.2
Total available for sale securities - Unrealized Loss	(61.0)	(38.1)
Total fair market value of securities in unrealized loss position	5,655.1	3,695.3
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses less than 12 months	(7.3)	(0.9)
Fair market value of securities in unrealized loss position less than 12 months	1,567.9	313.8
Unrealized losses greater than 12 months	(17.8)	(14.1)
Fair market value of securities in unrealized loss positions greater than 12 months	948.6	1,026.0
Total available for sale securities - Unrealized Loss	(25.1)	(15.0)
Total fair market value of securities in unrealized loss position	2,516.5	1,339.8
US Treasury and Government [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses less than 12 months	(1.7)	(0.3)
Fair market value of securities in unrealized loss position less than 12 months	395.2	84.6
Unrealized losses greater than 12 months	(16.6)	(11.4)
Fair market value of securities in unrealized loss positions greater than 12 months	937.8	944.8
Total available for sale securities - Unrealized Loss	(18.3)	(11.7)
Total fair market value of securities in unrealized loss position	1,333.0	1,029.4
Asset-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses less than 12 months	(4.2)	(0.7)
Fair market value of securities in unrealized loss position less than 12 months	856.0	325.4
Unrealized losses greater than 12 months	(8.8)	(6.2)
Fair market value of securities in unrealized loss positions greater than 12 months	532.4	555.5
Total available for sale securities - Unrealized Loss	(13.0)	(6.9)
Total fair market value of securities in unrealized loss position	1,388.4	880.9
Canadian Government Obligations And Canadian Government Agency Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses less than 12 months	(0.6)	(0.8)
Fair market value of securities in unrealized loss position less than 12 months	106.5	127.2
Unrealized losses greater than 12 months	0	0
Fair market value of securities in unrealized loss positions greater than 12 months	8.1	0
Total available for sale securities - Unrealized Loss	(0.6)	(0.8)
Total fair market value of securities in unrealized loss position	114.6	127.2
Canadian Provincial Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses less than 12 months	(1.2)	(0.9)
Fair market value of securities in unrealized loss position less than 12 months	91.1	75.2
Unrealized losses greater than 12 months	(1.7)	(1.6)
Fair market value of securities in unrealized loss positions greater than 12 months	106.0	118.6
Total available for sale securities - Unrealized Loss	(2.9)	(2.5)
Total fair market value of securities in unrealized loss position	197.1	193.8
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses less than 12 months	0	(0.1)
Fair market value of securities in unrealized loss position less than 12 months	28.1	42.0
Unrealized losses greater than 12 months	(0.2)	(0.4)
Fair market value of securities in unrealized loss positions greater than 12 months	13.3	22.6
Total available for sale securities - Unrealized Loss	(0.2)	(0.5)
Total fair market value of securities in unrealized loss position	41.4	64.6
Other Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses less than 12 months	(0.1)	0
Fair market value of securities in unrealized loss position less than 12 months	19.1	13.9
Unrealized losses greater than 12 months	(0.8)	(0.7)
Fair market value of securities in unrealized loss positions greater than 12 months	45.0	45.7
Total available for sale securities - Unrealized Loss	(0.9)	(0.7)
Total fair market value of securities in unrealized loss position	$ 64.1	$ 59.6

XML

Employee Benefit Plans (Time-Based Restricted shares and units) (Details) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 30, 2014
Time-Based Restricted Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Restricted shares outstanding at July 1, 2014	2,341
Restricted shares granted	874
Restricted shares vested	(1,064)
Restricted shares forfeited	(23)
Restricted shares outstanding at September 30, 2014	2,128	[1]
Time Based Restricted Stock Unit [Domain]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Restricted shares outstanding at July 1, 2014	571
Restricted shares granted	215
Restricted shares vested	(250)
Restricted shares forfeited	(25)
Restricted shares outstanding at September 30, 2014	511	[1]

[1] On October 1, 2014, after calculating the ADP restricted stock and restricted stock unit conversion ratio and the CDK restricted stock and restricted stock unit conversion ratio, ADP time-based restricted stock and time-based restricted stock units increased by 261 thousand and 64 thousand, respectively, to preserve the intrinsic value of remaining ADP employees' awards. ADP time-based restricted stock and time-based restricted stock units decreased by 189 thousand and 43 thousand, respectively, related to the previously outstanding ADP awards substituted with CDK awards for CDK employees.

XML

Goodwill And Intangible Assets, Net (Components Of Finite-Lived Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Total - gross	$ 2,404.2	$ 2,380.2
Total - accumulated amortization	(1,903.8)	(1,881.4)
Intangible assets, net	500.4	498.8
Software And Software Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Total - gross	1,554.6	1,523.2
Total - accumulated amortization	(1,248.2)	(1,231.2)
Customer Contracts And Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Total - gross	640.6	648.7
Total - accumulated amortization	(469.3)	(467.1)
Other Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Total - gross	209.0	208.3
Total - accumulated amortization	$ (186.3)	$ (183.1)

XML

Employee Benefit Plans (Performance based restricted shares and units) (Details) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 30, 2014
Performance-Based Restricted Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Restricted shares outstanding at July 1, 2014	803
Restricted shares granted	335
Restricted shares vested	(223)
Restricted shares forfeited	(12)
Restricted shares outstanding at September 30, 2014	903	[1]
Performance Based Restricted Stock Unit [Domain]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Restricted shares outstanding at July 1, 2014	318
Restricted shares granted	217
Restricted shares vested	(13)
Restricted shares forfeited	0
Restricted shares outstanding at September 30, 2014	522	[1]

[1] On October 1, 2014, upon calculating the ADP restricted stock and restricted stock unit conversion ratio and the CDK restricted stock and restricted stock unit conversion ratio, ADP performance-based restricted stock and performance-based restricted stock units increased by 181 thousand and 10 thousand, respectively, to preserve the intrinsic value of continuing ADP employees' post-spin. ADP performance-based restricted stock and performance-based restricted stock units decreased by 45 thousand and 35 thousand, respectively, to represent the previously outstanding ADP awards substituted with CDK awards for CDK employees.

XML

Goodwill And Intangible Assets, Net (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Goodwill, Impairment Loss	$ 42.7		$ 42.7
Amortization expense on intangible assets	$ 37.6	$ 34.4
Weighted average remaining useful life	5 years
Software And Software Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life	4 years
Customer Contracts And Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life	8 years
Other Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life	3 years

XML

Financial Data By Segment Interim Financial Data By Segment (Tables)

3 Months Ended

Sep. 30, 2014

Interim Financial Data By Segment [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Revenues from Continuing Operations
	Three Months Ended
	September 30,
	2014			2013
Employer Services	$	2,099.1		$	1,963.2
PEO Services	594.9			505.1
Other	(0.1		)	0.1
Reconciling item:
Client fund interest	(120.1		)	(106.4		)
	$	2,573.8		$	2,362.0

	Earnings from Continuing Operations before Income Taxes
	Three Months Ended
	September 30,
	2014			2013
Employer Services	$	584.2		$	523.3
PEO Services	66.7			51.9
Other	(78.3		)	(65.2		)
Reconciling item:
Client fund interest	(120.1		)	(106.4		)
	$	452.5		$	403.6

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Employee Benefit Plans (Components Of Net Pension Expense) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]
Service cost - benefits earned during the period	$ 19.2	$ 16.6
Interest cost on projected benefits	15.8	15.6
Expected return on plan assets	(32.5)	(29.8)
Net amortization and deferral	4.4	5.0
Curtailments and special termination benefits	3.2	0
Net pension expense	$ 10.1	$ 7.4

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Earnings per Share (Tables)

3 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Basic		Effect of Employee Stock Option Shares	Effect of Employee Restricted Stock Shares	Diluted
Three Months Ended September 30, 2014
Net earnings from continuing operations	$	298.0			$	298.0
Weighted average shares (in millions)	478.4		2.2	1.1	481.7
EPS from continuing operations	$	0.62			$	0.62
Three Months Ended September 30, 2013
Net earnings from continuing operations	$	264.9			$	264.9
Weighted average shares (in millions)	480.1		3.1	1.2	484.3
EPS from continuing operations	$	0.55			$	0.55

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Short-Term Financing (Details) (USD $)	3 Months Ended		3 Months Ended
	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2014 364-Day Credit Agreement [Member]	Sep. 30, 2014 Credit Facility Expiring In June 2015 [Member]	Sep. 30, 2014 Credit Facility Expiring In June 2018 [Member]	Sep. 30, 2014 Short-Term Commercial Paper Program [Member]	Sep. 30, 2013 Short-Term Commercial Paper Program [Member]	Sep. 30, 2014 Reverse Repurchase Agreements [Member]	Sep. 30, 2013 Reverse Repurchase Agreements [Member]
Short-term Debt [Line Items]
Maximum borrowing capacity under credit facilities			$ 2,250,000,000	$ 3,250,000,000	$ 2,000,000,000			$ 3,250,000,000
Credit agreement period	364 days
Term of credit				5 years	5 years
Expiration date of credit facilities			Jun. 01, 2015	Jun. 01, 2019	Jun. 01, 2018
Line of credit facility potentially available increase in maximum borrowing capacity				500,000,000
Short-term Debt			0
Aggregate amount of commercial paper issuable under the short-term commercial paper program	7,500,000,000
Maturities of commercial paper range	overnight to up to 364 days
Obligation under commercial paper borrowing	1,937,000,000	2,173,000,000
Short-term Debt, Average Outstanding Amount						3,100,000,000	3,100,000,000	570,700,000	529,400,000
Weighted average interest rates						0.10%	0.10%	0.40%	0.50%
Commercial Paper Weight Average Maturity						2 days	2 days
Maturities of short-term funding agreements	overnight to up to five business days
Obligations under reverse repurchase agreements		$ 0

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Corporate Investments And Funds Held For Clients (Expected Maturities Of Available-For-Sale Securities) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014
Corporate Investments And Funds Held For Clients [Abstract]
Due in one year or less	$ 3,905.3
Due after one year to two years	4,331.5
Due after two years to three years	3,281.7
Due after three years to four years	2,325.1
Due after four years	6,393.6
Total available-for-sale securities	$ 20,237.2

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Corporate Investments And Funds Held For Clients (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014		Jun. 30, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	$ 20,237.2	[1]	$ 20,156.5	[2]
Length of shortest cash flow of residential mortgages used as collateral for companies mortgage backed securities (in years)	15 years
Length of longest cash flow of residential mortgages used as collateral for company's mortgage backed securities (in years)	30 years
Client Fund Obligation repayment period	1 year
Client funds obligations	18,935.3		18,963.4
Client funds investments with original maturities	90 days or less
Percentage of the available-for-sale securities were rated AAA or AA	82.00%
Federal Home Loan Banks [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	4,387.0
Federal Farm Credit Banks [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	1,222.0
Fixed Rate Credit Card [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	1,466.7
Asset-Backed Auto Loan Receivables [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	340.4
Rate Reduction [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	177.8
Supranational Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	385.9
Sovereign Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	321.3
Residential Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	95.7
Corporate Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	2,308.2		2,086.3
Funds Held For Clients [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	$ 17,929.0		$ 18,070.2
Earliest [Member] | Corporate Bond Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Debt Maturities, Date	Oct. 01, 2014
Earliest [Member] | US Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Debt Maturities, Date	Oct. 01, 2014
Latest [Member] | Corporate Bond Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Debt Maturities, Date	Jun. 01, 2023
Latest [Member] | US Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Debt Maturities, Date	Feb. 01, 2024

[1] Included within available-for-sale securities are corporate investments with fair values of $2,308.2 million and funds held for clients with fair values of $17,929.0 million. All available-for-sale securities were included in Level 2.

[2] Included within available-for-sale securities are corporate investments with fair values of $2,086.3 million and funds held for clients with fair values of $18,070.2 million. All available-for-sale securities were included in Level 2.

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Employee Benefit Plans (Components Of Stock-Based Compensation Expense) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan Disclosure [Line Items]
Stock-based compensation expense	$ 38.8	$ 23.3
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options	13.9	8.4
Operating Expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock-based compensation expense	7.6	3.9
Selling, General and Administrative Expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock-based compensation expense	25.6	16.7
System Development And Programming Costs [Member]
Defined Benefit Plan Disclosure [Line Items]
Stock-based compensation expense	$ 5.6	$ 2.7

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Financial Data By Segment (Narrative) (Details)	3 Months Ended
	Sep. 30, 2014
Interim Financial Data By Segment [Abstract]
Standard reconciling rate between actual interest income earned and interest credited	4.50%

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Goodwill And Intangible Assets, Net (Changes In Goodwill) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014
Goodwill [Roll Forward]
Beginning balance	$ 1,887.2	[1]
Additions and other adjustments, net	6.2
Currency translation adjustments	(35.8)
Ending balance	1,857.6	[1]
Employer Services [Member]
Goodwill [Roll Forward]
Beginning balance	1,882.4	[1]
Additions and other adjustments, net	6.2
Currency translation adjustments	(35.8)
Ending balance	1,852.8	[1]
PEO Services [Member]
Goodwill [Roll Forward]
Beginning balance	4.8
Additions and other adjustments, net	0
Currency translation adjustments	0
Ending balance	$ 4.8

[1] The goodwill balance at June 30, 2014 and September 30, 2014 is net of accumulated impairment losses of $42.7 million related to the Employer Services segment.

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New Accounting Pronouncements (Notes)

3 Months Ended

Sep. 30, 2014

Accounting Changes and Error Corrections [Abstract]

New Accounting Pronouncements

Note 2.  New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers," which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 requires an entity to recognize revenue depicting the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 will also result in enhanced revenue related disclosures. ASU 2014-09 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2016. The Company has not yet determined the impact of ASU 2014-09 on its consolidated results of operations, financial condition, or cash flows.

In April 2014, the FASB issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." ASU 2014-08 requires that a disposal representing a strategic shift that has (or will have) a major effect on an entity’s financial results or a business activity classified as held for sale should be reported as discontinued operations. ASU 2014-08 also expands the disclosure requirements for discontinued operations and adds new disclosures for individually significant dispositions that do not qualify as discontinued operations. ASU 2014-08 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2014. The impact of ASU 2014-08 is dependent upon the nature of dispositions, if any, after adoption.

In July 2014, the Company adopted ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 requires netting of unrecognized tax benefits against a deferred tax asset for a loss or other carryforward that would apply in settlement of the uncertain tax position. The adoption of ASU 2013-11 did not have a material impact on the Company's consolidated results of operations, financial condition, or cash flows.

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Financial Data By Segment (Financial Data By Strategic Business Unit Segment) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]
Revenues	$ 2,573.8	$ 2,362.0
Earnings from Continuing Operations before Income Taxes	452.5	403.6
Employer Services [Member]
Segment Reporting Information [Line Items]
Revenues	2,099.1	1,963.2
Earnings from Continuing Operations before Income Taxes	584.2	523.3
PEO Services [Member]
Segment Reporting Information [Line Items]
Revenues	594.9	505.1
Earnings from Continuing Operations before Income Taxes	66.7	51.9
Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues	(0.1)	0.1
Earnings from Continuing Operations before Income Taxes	(78.3)	(65.2)
Client Fund Interest [Member]
Segment Reporting Information [Line Items]
Revenues	(120.1)	(106.4)
Earnings from Continuing Operations before Income Taxes	$ (120.1)	$ (106.4)

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Receivables (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable, Classified [Abstract]
Reserve reversal upon sale	$ 10.0
Proceeds from the sale of notes receivable	$ 207.2	$ 0
Percentage of notes receivable that are classified as current	98.00%		100.00%
Allowance for doubtful accounts percentage	6.00%		5.00%

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Goodwill And Intangible Assets, Net (Tables)

3 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Changes In Goodwill

	Employer Services			PEO Services		Total
Balance at June 30, 2014 (A)	$	1,882.4		$	4.8	$	1,887.2
Additions and other adjustments, net	6.2			—		6.2
Currency translation adjustments	(35.8		)	—		(35.8		)
Balance at September 30, 2014 (A)	$	1,852.8		$	4.8	$	1,857.6

Components Of Finite-Lived Intangible Assets

	September 30,			June 30,
	2014			2014
Intangible assets:
Software and software licenses	$	1,554.6		$	1,523.2
Customer contracts and lists	640.6			648.7
Other intangibles	209.0			208.3
	2,404.2			2,380.2
Less accumulated amortization:
Software and software licenses	(1,248.2		)	(1,231.2		)
Customer contracts and lists	(469.3		)	(467.1		)
Other intangibles	(186.3		)	(183.1		)
	(1,903.8		)	(1,881.4		)
Intangible assets, net	$	500.4		$	498.8

Schedule Of Finite-Lived Intangible Assets, Future Amortization Expense

	Amount
Nine months ending June 30, 2015	$	98.6
Twelve months ending June 30, 2016	$	119.5
Twelve months ending June 30, 2017	$	92.2
Twelve months ending June 30, 2018	$	51.0
Twelve months ending June 30, 2019	$	35.5
Twelve months ending June 30, 2020	$	26.5

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Receivables (Tables)

3 Months Ended

Sep. 30, 2014

Accounts, Notes, Loans and Financing Receivable, Classified [Abstract]

Schedule Of The Company's Receivables

	September 30, 2014						June 30, 2014
	Current			Long-term			Current			Long-term
Trade receivables	$	1,411.9		$	—		$	1,457.7		$	—
Notes receivable	19.7			35.7			94.8			169.9
Less:
Allowance for doubtful accounts - trade receivables	(39.2		)	—			(38.1		)	—
Allowance for doubtful accounts - notes receivable	(1.2		)	(2.2		)	(4.7		)	(8.3		)
Unearned income - notes receivable	(0.9		)	(0.8		)	(6.0		)	(6.2		)
	$	1,390.3		$	32.7		$	1,503.7		$	155.4

Rollforward Of The Allowance For Doubtful Accounts For Notes Receivable

	Current			Long-term
Balance at June 30, 2014	$	4.7		$	8.3
Net provision	0.2			0.4
Chargeoffs	(0.1		)	(0.1		)
Reserve reversal upon sale (A)	(3.6		)	(6.4		)
Balance at September 30, 2014	$	1.2		$	2.2

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Employee Benefit Plans (Assumptions Used To Estimate Fair Value For Stock Options Granted) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Share-based Arrangements with Employees and Nonemployees [Abstract]
Risk Free Interest Rate	1.90%	1.50%
Dividend yield	2.30%	2.40%
Weighted Average Volatility Rate	22.80%	23.60%
Weighted average expected life (in years)	5 years 4 months 17 days	5 years 4 months 24 days
Weighted average fair value (in dollars)	$ 14.16	$ 12.44

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Receivables (Schedule Of The Company's Receivables) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable, Classified [Abstract]
Trade receivables - Current	$ 1,411.9	$ 1,457.7
Trade receivables - Long-term	0	0
Notes receivable - Current	19.7	94.8
Notes receivable - Long-term	35.7	169.9
Allowance for doubtful accounts - trade receivables - Current	(39.2)	(38.1)
Allowance for doubtful accounts - trade receivables - Long-term	0	0
Allowance for doubtful accounts - notes receivable - Current	(1.2)	(4.7)
Allowance for doubtful accounts - notes receivable - Long-term	(2.2)	(8.3)
Unearned income - notes receivable - Current	(0.9)	(6.0)
Deferred revenues noncurrent	(0.8)	(6.2)
Total - Current	1,390.3	1,503.7
Total - Long-term	$ 32.7	$ 155.4

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Employee Benefit Plans (Tables)

3 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Components Of Stock-Based Compensation Expense

	Three Months Ended
	September 30,
	2014		2013
Operating expenses	$	7.6	$	3.9
Selling, general and administrative expenses	25.6		16.7
System development and programming costs	5.6		2.7
Total pretax stock-based compensation expense	$	38.8	$	23.3
Income tax benefit	$	13.9	$	8.4

Changes In Stock Options Outstanding

	Number of Options (in thousands)		Weighted Average Price (in dollars)
Options outstanding at July 1, 2014	7,931		$	52
Options granted	13		$	83
Options exercised	(913	)	$	42
Options canceled	(25	)	$	47
Options outstanding at September 30, 2014 (A)	7,006		$	53

Time Based Restricted Shares and Units

	Number of Shares (in thousands)		Number of Units (in thousands)
Restricted shares/units outstanding at July 1, 2014	2,341		571
Restricted shares/units granted	874		215
Restricted shares/units vested	(1,064	)	(250	)
Restricted shares/units forfeited	(23	)	(25	)
Restricted shares/units outstanding at September 30, 2014 (B)	2,128		511

Performance Based Restricted shares and units

	Number of Shares (in thousands)		Number of Units (in thousands)
Restricted shares/units outstanding at July 1, 2014	803		318
Restricted shares/units granted	335		217
Restricted shares/units vested	(223	)	(13	)
Restricted shares/units forfeited	(12	)	—
Restricted shares/units outstanding at September 30, 2014 (C)	903		522

Assumptions Used To Estimate Fair Value For Stock Options Granted

	Three Months Ended
	September 30,
	2014			2013
Risk-free interest rate	1.9		%	1.5		%
Dividend yield	2.3		%	2.4		%
Weighted average volatility factor	22.8		%	23.6		%
Weighted average expected life (in years)	5.4			5.4
Weighted average fair value (in dollars)	$	14.16		$	12.44

Components Of Net Pension Expense

	Three Months Ended
	September 30,
	2014			2013
Service cost – benefits earned during the period	$	19.2		$	16.6
Interest cost on projected benefits	15.8			15.6
Expected return on plan assets	(32.5		)	(29.8		)
Net amortization and deferral	4.4			5.0
Curtailments and special termination benefits	3.2			—
Net pension expense	$	10.1		$	7.4

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Commitments And Contingencies Contractual Commitments Contingencies and Off-Balance Sheet Arrangements (Tables)

3 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Decrease in Operating Leases Future Minimum Payments Due To Disposal[Table Text Block]

Years ending June 30,
2015	$	32.0
2016	22.1
2017	12.7
2018	5.2
2019	3.8
Thereafter	5.6
	$	81.4

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Basis of Presentation (Notes)

3 Months Ended

Sep. 30, 2014

Basis of Presentation [Abstract]

Basis of Presentation

Note 1.  Basis of Presentation

The accompanying Consolidated Financial Statements and footnotes thereto of Automatic Data Processing, Inc. and its subsidiaries (“ADP” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).  The Consolidated Financial Statements and footnotes thereto are unaudited.  In the opinion of the Company’s management, the Consolidated Financial Statements reflect all adjustments, which are of a normal recurring nature, that are necessary for a fair presentation of the Company’s results for the interim periods.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the assets, liabilities, revenue, expenses, and other comprehensive income that are reported in the Consolidated Financial Statements and footnotes thereto.  Actual results may differ from those estimates. The Consolidated Financial Statements and all relevant footnotes have been adjusted for discontinued operations (see Note 3).

Interim financial results are not necessarily indicative of financial results for a full year.  The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014 (“fiscal 2014”).

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Reclassification out of Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Sep. 30, 2014

Reclassification out of Accumulated Other Comprehensive Income [Abstract]

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

	Three Months Ended
	September 30, 2014
	Currency Translation Adjustment				Net Gains/Losses on Available-for-sale Securities				Pension Liability				Accumulated Other Comprehensive Income
Balance at June 30, 2014	$	99.5			$	211.6			$	(132.9	)		$	178.2
Other comprehensive loss before reclassification adjustments	(108.9		)		(94.1		)		—				(203.0		)
Tax effect	—				34.0				—				34.0
Reclassification adjustments to net earnings	—				(0.8		)	(A)	8.2			(B)	7.4
Tax effect	—				0.3				(2.8		)		(2.5		)
Reclassification adjustments to     retained earnings	(88.2		)	(C)	—				—				(88.2		)
Balance at September 30, 2014	$	(97.6	)		$	151.0			$	(127.5	)		$	(74.1	)

	Three Months Ended
	September 30, 2013
	Currency Translation Adjustment		Net Gains on Available-for-sale Securities				Pension Liability				Accumulated Other Comprehensive Income
Balance at June 30, 2013	$	39.6	$	186.7			$	(210.9	)		$	15.4
Other comprehensive income before      reclassification adjustments	43.3		14.8				—				58.1
Tax effect	—		(5.0		)		—				(5.0		)
Reclassification adjustments to     net earnings	—		(3.5		)	(A)	5.1			(B)	1.6
Tax effect	—		1.3				(0.9		)		0.4
Balance at September 30, 2013	$	82.9	$	194.3			$	(206.7	)		$	70.5

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Corporate Investments And Funds Held For Clients (Classification Of Corporate Investments On The Consolidated Balance Sheets) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014		Jun. 30, 2014		Sep. 30, 2013
Corporate Investments And Funds Held For Clients [Abstract]
Cash and cash equivalents	$ 2,175.7		$ 1,585.9	[1]	$ 840.0
Short-term marketable securities	2,261.6	[1]	2,032.2	[1]
Long-term marketable securities	46.6		54.1	[1]
Total corporate investments	$ 4,483.9		$ 3,672.2

[1] As of September 30, 2014, $1,957.8 million of short-term marketable securities are related to the Company's outstanding commercial paper borrowings (see Note 9). As of June 30, 2014, $2,015.8 million of short-term marketable securities and $183.8 million of cash and cash equivalents are related to the Company's outstanding commercial paper borrowings (see Note 9).

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Employee Benefit Plans (Changes In Stock Options Outstanding) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Number of Options, outstanding at July 1, 2014	7,931
Number of Options, granted	13
Number of Options, exercised	(913)
Number of Options, cancelled	(25)
Number of Options, outstanding at September 30, 2014	7,006	[1]
Weighted Average Price, outstanding at July 1, 2014	$ 52
Weighted Average Price, granted	$ 83
Weighted Average Price, exercised	$ 42
Weighted Average Price, cancelled	$ 47
Weighted Average Price, outstanding at September 30, 2014	$ 53	[1]

[1] On October 1, 2014, after calculating the ADP stock option conversion ratio and the CDK stock option conversion ratio, ADP stock options outstanding increased by 849 thousand and the strike prices were adjusted to preserve the intrinsic value of remaining ADP employees' awards. The number of outstanding ADP stock options also decreased by 823 thousand related to the previously outstanding ADP awards substituted with CDK awards for CDK employees. The weighted average grant price of ADP options outstanding at October 1, 2014 as a result of the conversion was $46.85.

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Statements Of Consolidated Earnings (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Sep. 30, 2014		Sep. 30, 2013
REVENUES:
Revenues, other than interest on funds held for clients and PEO revenues	$ 1,892.0		$ 1,770.9
Interest on funds held for clients	90.3		89.2
PEO revenues	591.5	[1]	501.9	[1]
TOTAL REVENUES	2,573.8		2,362.0
EXPENSES:
Operating expenses	1,363.3		1,259.5
Systems development and programming costs	146.7		132.5
Depreciation and amortization	51.9		48.8
TOTAL COSTS OF REVENUES	1,561.9		1,440.8
Selling, general and administrative expenses	578.0		537.7
Interest expense	1.9		1.9
TOTAL EXPENSES	2,141.8		1,980.4
Other income, net	(20.5)		(22.0)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	452.5		403.6
Provision for income taxes	154.5		138.7
NET EARNINGS FROM CONTINUING OPERATIONS	298.0		264.9
EARNINGS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES	65.6		93.7
Provision for Income Taxes	68.4		30.0
NET (LOSS)/EARNINGS FROM DISCONTINUED OPERATIONS	(2.8)		63.7
NET EARNINGS	$ 295.2		$ 328.6
Basic Earnings Per Share from Continuing Operations	$ 0.62		$ 0.55
Basic Earnings Per Share from Discontinued Operations	$ (0.01)		$ 0.13
BASIC EARNINGS PER SHARE	$ 0.62		$ 0.68
Diluted Earnings Per Share from Continuing Operations	$ 0.62		$ 0.55
Diluted Earnings Per Share from Discontinued Operations	$ (0.01)		$ 0.13
DILUTED EARNINGS PER SHARE	$ 0.61		$ 0.68
Basic weighted average shares outstanding	478.4		480.1
Diluted weighted average shares outstanding	481.7		484.3
Dividends declared per common share	$ 0.480		$ 0.435

[1] Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of $5,736.2 million and $4,947.2 million for the three months ended September 30, 2014 and 2013, respectively.

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Receivables (Rollforward Of The Allowance For Doubtful Accounts For Notes Receivable) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014
Financing Receivable, Recorded Investment [Line Items]
Beginning balance, current	$ 4.7
Beginning balance, long-term	8.3
Reserve reversal upon sale	10.0
Ending balance, current	1.2
Ending balance, long-term	2.2
Allowance for Doubtful Accounts, Noncurrent [Member]
Financing Receivable, Recorded Investment [Line Items]
Beginning balance, long-term	8.3
Net provision	0.4
Chargeoffs	(0.1)
Reserve reversal upon sale	(6.4)	[1]
Ending balance, long-term	2.2
Allowance for Doubtful Accounts, Current [Member]
Financing Receivable, Recorded Investment [Line Items]
Beginning balance, current	4.7
Net provision	0.2
Chargeoffs	(0.1)
Reserve reversal upon sale	(3.6)	[1]
Ending balance, current	$ 1.2

[1] As a result of the sale of the notes receivable related to Dealer Services financing arrangements to a third party, the Company released $10.0 million of non-specific reserves that were accrued on the sold notes receivable, which was recorded in selling, general, and administrative expenses on the Statements of Consolidated Earnings.

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Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Preferred stock, par value	$ 1.00	$ 1.00
Preferred stock, shares authorized	300,000	300,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	638,700,000	638,700,000
Common stock, shares outstanding	481,800,000	480,200,000
Treasury stock, shares	156,900,000	158,500,000
Short-term Investments [Member]
Assets related to the Company's outstanding commercial paper	$ 1,957.8	$ 2,015.8
Cash and Cash Equivalents [Domain]
Assets related to the Company's outstanding commercial paper		$ 183.8

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Commitments And Contingencies Decrease in Future Minimum Lease Obligations (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014
Decrease in operating leases due to disposal:
2015	$ 32.0
2016	22.1
2017	12.7
2018	5.2
2019	3.8
Thereafter	5.6
Total	81.4
Decrease in purchase obligations due to disposal
Current Year	2.9
Next Fiscal Year	4.1
After Two Years	$ 2.4

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Earnings per Share (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]
Net earnings from continuing operations	$ 298.0	$ 264.9
Basic weighted average shares outstanding	478.4	480.1
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants	2.2	3.1
Effect of Employee Restricted stock Shares On Weighted Average Number of Diluted Shares Outstanding	1.1	1.2
Weighted Average Number of Shares Outstanding, Diluted	481.7	484.3
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.62	$ 0.55
Income (Loss) from Continuing Operations, Per Diluted Share	$ 0.62	$ 0.55
Options excluded from the calculation of diluted earnings per share	1.4	0.1

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Financial Data By Segment

3 Months Ended

Sep. 30, 2014

Interim Financial Data By Segment [Abstract]

Interim Financial Data By Segment

Note 15. Interim Financial Data by Segment

Based upon similar economic and operational characteristics, the Company’s strategic business units have been aggregated into the following two reportable segments: Employer Services and PEO Services.  The primary components of the “Other” segment are the results of operations of ADP Indemnity (a wholly-owned captive insurance company that provides workers’ compensation and employer’s liability deductible reimbursement insurance protection for PEO Services worksite employees), non-recurring gains and losses, miscellaneous processing services, such as customer financing transactions, and certain charges and expenses that have not been allocated to the reportable segments, such as stock-based compensation expense.  

Certain revenues and expenses are charged to the reportable segments at a standard rate for management reasons.  Other costs are recorded based on management responsibility.  There is a reconciling item for the difference between actual interest income earned on invested funds held for clients and interest credited to Employer Services and PEO Services at a standard rate of 4.5%. This allocation is made for management reasons so that the reportable segments' results are presented on a consistent basis without the impact of fluctuations in interest rates. This reconciling adjustment to the reportable segments' revenues and earnings from continuing operations before income taxes is eliminated in consolidation.

Segment Results:

	Revenues from Continuing Operations
	Three Months Ended
	September 30,
	2014			2013
Employer Services	$	2,099.1		$	1,963.2
PEO Services	594.9			505.1
Other	(0.1		)	0.1
Reconciling item:
Client fund interest	(120.1		)	(106.4		)
	$	2,573.8		$	2,362.0

	Earnings from Continuing Operations before Income Taxes
	Three Months Ended
	September 30,
	2014			2013
Employer Services	$	584.2		$	523.3
PEO Services	66.7			51.9
Other	(78.3		)	(65.2		)
Reconciling item:
Client fund interest	(120.1		)	(106.4		)
	$	452.5		$	403.6

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Other Income, Net (Other Income, Net) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Other Income, Net [Abstract]
Interest income on corporate funds	$ (18.3)	$ (18.5)
Realized gains on available-for-sale securities	(1.0)	(4.3)
Realized losses on available-for-sale securities	0.2	0.8
Gain (Loss) on Sale of Notes Receivable	(1.4)	0
Other income, net	$ (20.5)	$ (22.0)

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Divestiture (Tables)

3 Months Ended

Sep. 30, 2014

Divestitures [Abstract]

Schedule of Discontinued Operations, Income Statement and Balance Sheet

In conjunction with the spin-off of CDK and the sale of OHS, the Company has classified the operating results of these businesses as discontinued operations for all periods presented. The operating results for these businesses were as follows:

	Three Months Ended
	September 30,
	2014			2013
Revenues	$	508.9		$	477.6
Earnings from discontinued operations before income taxes	65.6			93.7
Provision for income taxes	68.4			30.0
Net (loss)/earnings from discontinued operations	$	(2.8	)	$	63.7

The following is a summary of the assets and liabilities related to discontinued operations as of June 30, 2014:

	June 30, 2014
Assets:
Cash	$	397.7
Accounts receivable, net	296.7
Property, plant and equipment, net	109.7
Goodwill	1,226.6
Intangible assets, net	133.5
Other assets	245.5
Total assets	$	2,409.7
Liabilities:
Accounts payable	$	17.2
Accrued expenses and other current liabilities	128.1
Accrued payroll and payroll related expenses	99.2
Deferred revenues	218.2
Deferred income taxes	70.8
Other liabilities	47.7
Total liabilities	$	581.2

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Statements Of Consolidated Cash Flows (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Statement of Cash Flows [Abstract]
NET EARNINGS	$ 295.2	$ 328.6
Adjustments to reconcile net earnings to cash flows provided by operating activities:
Depreciation and amortization	68.3	64.0
Deferred income taxes	9.2	17.2
Stock-based compensation expense	38.8	23.3
Excess tax benefit related to exercise of stock options and restricted stock	(44.2)	(34.8)
Net pension expense	10.1	7.4
Net realized gain from the sales of marketable securities	(0.8)	(3.5)
Net amortization of premiums and accretion of discounts on available-for-sale securities	25.3	22.8
Other	(6.1)	6.3
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses:
Increase in accounts receivable	29.9	20.1
Increase in other assets	(224.5)	(283.7)
Decrease in accounts payable	(9.2)	(8.3)
Increase in accrued expenses and other liabilities	(14.2)	(35.5)
Proceeds from the sale of notes receivable	207.2	0
Operating activities of discontinued operations	(6.8)	(42.6)
Net cash flows provided by operating activities	378.2	81.3
Cash Flows from Investing Activities:
Purchases of corporate and client funds marketable securities	(894.2)	(369.1)
Proceeds from the sales and maturities of corporate and client funds marketable securities	595.2	571.6
Net increase in restricted cash and cash equivalents held to satisfy client funds obligations	1.5	2,390.5
Capital expenditures	(36.5)	(34.4)
Additions to intangibles	(44.0)	(30.9)
Acquisitions of businesses, net of cash acquired	(8.1)	0
Proceeds from the sale of property, plant, and equipment and other assets	23.6	0
Dividend received from Disposal Entity	825.0	0
Cash retained by Disposal	(180.0)	0
Investing activities of discontinued operations	(15.4)	(23.6)
Net cash flows provided by investing activities	267.1	2,504.1
Cash Flows from Financing Activities:
Net increase in client funds obligations	47.3	(5,295.0)
Payments of debt	(0.6)	(0.6)
Repurchases of common stock	(61.2)	(303.0)
Proceeds from stock purchase plan and exercises of stock options	16.5	54.9
Excess tax benefit related to exercise of stock options and restricted stock	44.2	34.8
Dividends paid	(229.8)	(210.6)
Net (purchases of)/proceeds from reverse repurchase agreements	0	98.7
Net proceeds from issuance of commercial paper	(236.0)	2,477.0
Financing activities of discontinued operations	1.6	6.3
Net cash flows provided by financing activities	(418.0)	(3,137.5)
Effect of exchange rate changes on cash and cash equivalents	(35.2)	2.0
Net change in cash and cash equivalents	192.1	(550.1)
Cash and cash equivalents, beginning of period	1,983.6	1,699.1
Cash and cash equivalents, end of period	2,175.7	1,149.0
Less cash and cash equivalents of discontinued operations, end of period	0	309.0
Cash and cash equivalents of continuing operations, end of period	$ 2,175.7	$ 840.0

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Statements Of Consolidated Earnings (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]
Direct pass-through costs, Professional Employer Organization revenues	$ 5,736.2	$ 4,947.2

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Employee Benefit Plans

3 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Note 10. Employee Benefit Plans

A.  Stock-based Compensation Plans

Stock-based compensation consists of the following:

• Stock Options  Stock options are granted to employees at exercise prices equal to the fair market value of the Company's common stock on the dates of grant.  Stock options are issued under a graded vesting schedule and have a term of 10 years.  Options granted prior to July 1, 2008 generally vest ratably over five years and options granted after July 1, 2008 generally vest ratably over four years.  Compensation expense is measured based on the fair value of the stock option on the grant date and recognized over the requisite service period for each separately vesting portion of the stock option award. Stock options are forfeited if the employee ceases to be employed by the Company prior to vesting.

• Restricted Stock

• Time-Based Restricted Stock and Time-Based Restricted Stock Units Time-based restricted stock and time-based restricted stock units granted prior to the year ended June 30, 2013 ("fiscal 2013") are subject to vesting periods of up to five years and awards granted in fiscal 2013 and later are subject to a vesting period of two years. Awards are forfeited if the employee ceases to be employed by the Company prior to vesting.

Time-based restricted stock cannot be transferred during the vesting period. Compensation expense relating to the issuance of time-based restricted stock is measured based on the fair value of the award on the grant date and recognized on a straight-line basis over the vesting period. Employees are eligible to receive dividends on shares awarded under the time-based restricted stock program.

Time-based restricted stock units are settled in cash and cannot be transferred during the vesting period. Compensation expense relating to the issuance of time-based restricted stock units is recorded over the vesting period and is initially based on the fair value of the award on the grant date; and is subsequently remeasured at each reporting date during the vesting period. No dividend equivalents are paid on units awarded under the time-based restricted stock unit program.

• Performance-Based Restricted Stock and Performance-Based Restricted Stock Units Performance-based restricted stock and performance-based restricted stock units generally vest over a one to three year performance period and a subsequent service period of up to 26 months. Under these programs, the Company communicates "target awards" at the beginning of the performance period with possible payouts at the end of the performance period ranging from 0% to 150% of the "target awards." Awards are forfeited if the employee ceases to be employed by the Company prior to vesting.

Performance-based restricted stock cannot be transferred during the vesting period. Compensation expense relating to the issuance of performance-based restricted stock is measured based upon the fair value of the award on the grant date and recognized on a straight-line basis over the vesting period, based upon the probability that the performance target will be met. After the performance period, if the performance targets are achieved, employees are eligible to receive dividends on shares awarded under the performance-based restricted stock program.

Performance-based restricted stock units are settled in either cash or stock, depending on the employee's home country, and cannot be transferred during the vesting period. Compensation expense relating to the issuance of performance-based restricted stock units settled in cash is recorded over the vesting period and is initially based on the fair value of the award on the grant date and is subsequently remeasured at each reporting date during the one-year performance period, based upon the probability that the performance target will be met. Compensation expense relating to the issuance of performance-based restricted stock units settled in stock is recorded over the vesting period based on the fair value of the award on the grant date. Dividend equivalents are paid on awards settled in stock under the performance-based restricted stock unit program.

• Employee Stock Purchase Plan  The Company offers an employee stock purchase plan that allows eligible employees to purchase shares of common stock at a price equal to 95% of the market value for the Company's common stock on the last day of the offering period.  This plan has been deemed non-compensatory, and therefore no compensation expense has been recorded.

The Company currently utilizes treasury stock to satisfy stock option exercises, issuances under the Company's employee stock purchase plan, and restricted stock awards.  From time to time, the Company may repurchase shares of its common stock under its authorized share repurchase programs.  The Company repurchased 0.6 million shares in the three months endedSeptember 30, 2014 as compared to 4.2 million shares repurchased in the three months endedSeptember 30, 2013. The Company considers several factors in determining when to execute share repurchases, including, among other things, actual and potential acquisition activity, cash balances and cash flows, issuances due to employee benefit plan activity, and market conditions.

The following table represents stock-based compensation expense and related income tax benefits for the three months endedSeptember 30, 2014 and 2013, respectively:

	Three Months Ended
	September 30,
	2014		2013
Operating expenses	$	7.6	$	3.9
Selling, general and administrative expenses	25.6		16.7
System development and programming costs	5.6		2.7
Total pretax stock-based compensation expense	$	38.8	$	23.3
Income tax benefit	$	13.9	$	8.4

Stock-based compensation expense attributable to CDK employees are included in discontinued operations and therefore not presented in the table above. For the three months endedSeptember 30, 2014 and 2013, such stock-based compensation expense was $5.1 million and $3.9 million, respectively.

As a result of the spin-off of CDK, the number of vested and unvested ADP stock options and the strike price of these options, as well as the number of unvested performance-based and time-based restricted shares and units, and the "target" number of performance-based restricted shares and units, were adjusted to preserve the intrinsic value of the awards immediately prior to the spin-off using an adjustment ratio based on the ADP closing market stock price prior to the spin-off and the ADP opening market stock price subsequent to the spin-off. Since these adjustments were considered to be a modification of the awards in accordance to ASC 718, the Company compared the fair value of the awards immediately prior to the spin-off to the fair value immediately after the spin-off to measure potential incremental stock-based compensation expense, if any. The adjustments did not result in an increase in the fair value of the awards and, accordingly, the Company did not record incremental stock-based compensation expense. Unvested ADP stock options, unvested restricted stock, and unvested restricted stock units held by CDK employees were replaced by CDK awards immediately following the spin-off. The stock-based compensation expense associated with the original grant of ADP awards to remaining ADP employees will continue to be recognized within earnings from continuing operations on the Company's Statement of Consolidated Earnings.

As of September 30, 2014, the total remaining unrecognized compensation cost related to non-vested stock options, restricted stock units, and restricted stock awards amounted to $11.5 million, $37.2 million, and $156.8 million, respectively, which will be amortized over the weighted-average remaining requisite service periods of 1.8 years, 1.6 years, and 1.8 years, respectively.

During the three months endedSeptember 30, 2014, the following activity occurred under the Company’s existing plans:

Stock Options:

	Number of Options (in thousands)		Weighted Average Price (in dollars)
Options outstanding at July 1, 2014	7,931		$	52
Options granted	13		$	83
Options exercised	(913	)	$	42
Options canceled	(25	)	$	47
Options outstanding at September 30, 2014 (A)	7,006		$	53

(A) On October 1, 2014, after calculating the ADP stock option conversion ratio and the CDK stock option conversion ratio, ADP stock options outstanding increased by 849 thousand and the strike prices were adjusted to preserve the intrinsic value of remaining ADP employees' awards. The number of outstanding ADP stock options also decreased by 823 thousand related to the previously outstanding ADP awards substituted with CDK awards for CDK employees. The weighted average grant price of ADP options outstanding at October 1, 2014 as a result of the conversion was $46.85.

Time-Based Restricted Stock and Time-Based Restricted Stock Units:

	Number of Shares (in thousands)		Number of Units (in thousands)
Restricted shares/units outstanding at July 1, 2014	2,341		571
Restricted shares/units granted	874		215
Restricted shares/units vested	(1,064	)	(250	)
Restricted shares/units forfeited	(23	)	(25	)
Restricted shares/units outstanding at September 30, 2014 (B)	2,128		511

(B) On October 1, 2014, after calculating the ADP restricted stock and restricted stock unit conversion ratio and the CDK restricted stock and restricted stock unit conversion ratio, ADP time-based restricted stock and time-based restricted stock units increased by 261 thousand and 64 thousand, respectively, to preserve the intrinsic value of remaining ADP employees' awards. ADP time-based restricted stock and time-based restricted stock units decreased by 189 thousand and 43 thousand, respectively, related to the previously outstanding ADP awards substituted with CDK awards for CDK employees.

Performance-Based Restricted Stock and Performance-Based Restricted Stock Units:

	Number of Shares (in thousands)		Number of Units (in thousands)
Restricted shares/units outstanding at July 1, 2014	803		318
Restricted shares/units granted	335		217
Restricted shares/units vested	(223	)	(13	)
Restricted shares/units forfeited	(12	)	—
Restricted shares/units outstanding at September 30, 2014 (C)	903		522

(C) On October 1, 2014, upon calculating the ADP restricted stock and restricted stock unit conversion ratio and the CDK restricted stock and restricted stock unit conversion ratio, ADP performance-based restricted stock and performance-based restricted stock units increased by 181 thousand and 10 thousand, respectively, to preserve the intrinsic value of continuing ADP employees' post-spin. ADP performance-based restricted stock and performance-based restricted stock units decreased by 45 thousand and 35 thousand, respectively, to represent the previously outstanding ADP awards substituted with CDK awards for CDK employees.

The fair value of each stock option issued is estimated on the date of grant using a binomial option pricing model.  The binomial model considers a range of assumptions related to volatility, risk-free interest rate, and employee exercise behavior.  Expected volatilities utilized in the binomial model are based on a combination of implied market volatilities, historical volatility of the Company’s stock price, and other factors.  Similarly, the dividend yield is based on historical experience and expected future changes. The risk-free rate is derived from the U.S. Treasury yield curve in effect at the time of grant.  The binomial model also incorporates exercise and forfeiture assumptions based on an analysis of historical data.  The expected life of the stock option grant is derived from the output of the binomial model and represents the period of time that options granted are expected to be outstanding.

The fair value for stock options granted was estimated at the date of grant using the following assumptions:

	Three Months Ended
	September 30,
	2014			2013
Risk-free interest rate	1.9		%	1.5		%
Dividend yield	2.3		%	2.4		%
Weighted average volatility factor	22.8		%	23.6		%
Weighted average expected life (in years)	5.4			5.4
Weighted average fair value (in dollars)	$	14.16		$	12.44

B.  Pension Plans

The components of net pension expense were as follows:

	Three Months Ended
	September 30,
	2014			2013
Service cost – benefits earned during the period	$	19.2		$	16.6
Interest cost on projected benefits	15.8			15.6
Expected return on plan assets	(32.5		)	(29.8		)
Net amortization and deferral	4.4			5.0
Curtailments and special termination benefits	3.2			—
Net pension expense	$	10.1		$	7.4

Net pension expense for the three months endedSeptember 30, 2014 and 2013, includes $4.3 million and $1.2 million, respectively, reported within earnings from discontinued operations on the Statements of Consolidated Earnings. Included within pension expense related to discontinued operations for the three months endedSeptember 30, 2014 were total one-time charges of $3.2 million for curtailment charges and special termination benefits directly attributable to the spin-off of CDK.

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Document And Entity Information	3 Months Ended
	Sep. 30, 2014	Oct. 24, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2014
Entity Registrant Name	AUTOMATIC DATA PROCESSING INC
Entity Central Index Key	0000008670
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		482,056,801

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Income Taxes

3 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Note 11. Income Taxes

The effective tax rate for the three months endedSeptember 30, 2014 and 2013 was 34.1% and 34.4%, respectively. The decrease in the effective tax rate is due to adjustments to the tax liability during the three months endedSeptember 30, 2014 for amounts previously accrued, partially offset by an increase in foreign taxes, an unfavorable mix of earnings between jurisdictions and the resolution of certain tax matters during the three months endedSeptember 30, 2013.

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Statements of Consolidated Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Consolidated Statement of Comprehensive Income [Abstract]
NET EARNINGS	$ 295.2	$ 328.6
Other comprensive income:
Currency translation adjustments	(108.9)	43.3
Unrealized net (losses)/ gains on available-for-sale securities	(94.1)	14.8
Tax effect	34.0	(5.0)
Reclassification of net (gains) on available-for-sale securities to net earnings	(0.8)	(3.5)
Tax effect	0.3	1.3
Reclassification of pension liability adjustment to net earnings	8.2	5.1
Tax effect	(2.8)	(0.9)
Other Comprehensive (loss)/income, net of tax	(164.1)	55.1
Comprehensive income	$ 131.1	$ 383.7

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Other Income, net

3 Months Ended

Sep. 30, 2014

Other Income, Net [Abstract]

Other Income, net

Note 5. Other Income, Net

	Three Months Ended
	September 30,
	2014			2013
Interest income on corporate funds	$	(18.3	)	$	(18.5	)
Realized gains on available-for-sale securities	(1.0		)	(4.3		)
Realized losses on available-for-sale securities	0.2			0.8
Gain on the sale of notes receivable	(1.4		)	—
Other income, net	$	(20.5	)	$	(22.0	)

During the three months endedSeptember 30, 2014, the Company sold notes receivable related to Dealer Services financing arrangements to a third party for a gain of $1.4 million. Refer to Note 7 for further information.

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Earnings per Share (Notes)

3 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 4.  Earnings per Share (“EPS”)

	Basic		Effect of Employee Stock Option Shares	Effect of Employee Restricted Stock Shares	Diluted
Three Months Ended September 30, 2014
Net earnings from continuing operations	$	298.0			$	298.0
Weighted average shares (in millions)	478.4		2.2	1.1	481.7
EPS from continuing operations	$	0.62			$	0.62
Three Months Ended September 30, 2013
Net earnings from continuing operations	$	264.9			$	264.9
Weighted average shares (in millions)	480.1		3.1	1.2	484.3
EPS from continuing operations	$	0.55			$	0.55

Options to purchase 1.4 million and 0.1 million shares of common stock for the three months endedSeptember 30, 2014 and 2013, respectively, were excluded from the calculation of diluted earnings per share because their exercise prices exceeded the average market price of outstanding common shares for the respective periods.

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Subsequent Events (Notes)

3 Months Ended

Sep. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

Note 16. Subsequent Events

With the exception of the repayment of the commercial paper obligation in October 2014 discussed in Note 9, the impacts of ADP's stock-based compensation awards outstanding as discussed in Note 10, and ADP entering into a memorandum of understanding to settle the claim and resolve allegations brought against ADP AdvancedMD by athenahealth, Inc. as discussed in Note 12, there are no further subsequent events for disclosure.

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Commitments And Contingencies

3 Months Ended

Sep. 30, 2014

Commitments And Contingencies [Abstract]

Commitments And Contingencies

Note 12. Commitments and Contingencies

On July 18, 2011, athenahealth, Inc. filed a complaint against ADP AdvancedMD, Inc. (“ADP AdvancedMD”), a subsidiary of the Company. The complaint alleges that ADP AdvancedMD’s activities in providing medical practice management and billing and revenue management software and associated services to physicians and medical practice managers infringe two patents owned by athenahealth, Inc. The complaint seeks monetary damages, injunctive relief, and costs. In October 2014, ADP AdvancedMD and athenahealth, Inc. entered into a memorandum of understanding to settle this claim and resolve all allegations which were brought against ADP AdvancedMD. The memorandum of understanding contemplates that the parties will jointly move to dismiss this lawsuit. The terms of the memorandum of understanding will not have a material adverse impact on the Company's results of operations, financial condition or cash flows.

In June 2011, the Company received a Commissioner’s Charge from the U.S. Equal Employment Opportunity Commission (“EEOC”) alleging that the Company has violated Title VII of the Civil Rights Act of 1964 by refusing to recruit, hire, transfer and promote certain persons on the basis of their race, in the State of Illinois from at least the period of January 1, 2007 to the present.  The Company continues to investigate the allegations set forth in the Commissioner’s Charge and is cooperating with the EEOC’s investigation.

The Company is subject to various claims and litigation 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. At this time, the Company is unable to estimate any reasonably possible loss, or range of reasonably possible loss, with respect to the matters described above. This is primarily because these matters involve complex issues subject to inherent uncertainty. There can be no assurance that these matters will be resolved in a manner that is not adverse to the Company.

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.

As a result of the CDK spin-off, the Company's obligations decreased from those disclosed in the Annual Report on Form 10-K for the year ended June 30, 2014 as these obligations are assumed by CDK. The minimum commitments related to CDK on June 30, 2014 for various facilities and equipment leases and software license agreements were as follows:

Years ending June 30,
2015	$	32.0
2016	22.1
2017	12.7
2018	5.2
2019	3.8
Thereafter	5.6
	$	81.4

CDK also had obligations related to purchase and maintenance agreements on software, equipment, and other assets of which $2.9 million, $4.1 million, and $2.4 million relates to fiscal years ending June 30, 2015, 2016, and 2017, respectively, which were assumed by CDK as part of the spin-off.

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Goodwill And Intangible Assets, Net

3 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets, Net

Note 8. Goodwill and Intangibles Assets, net

Changes in goodwill for the three months endedSeptember 30,2014 are as follows:

	Employer Services			PEO Services		Total
Balance at June 30, 2014 (A)	$	1,882.4		$	4.8	$	1,887.2
Additions and other adjustments, net	6.2			—		6.2
Currency translation adjustments	(35.8		)	—		(35.8		)
Balance at September 30, 2014 (A)	$	1,852.8		$	4.8	$	1,857.6

(A) The goodwill balance at June 30, 2014 and September 30,2014 is net of accumulated impairment losses of $42.7 million related to the Employer Services segment.

Components of intangible assets, net, are as follows:

	September 30,			June 30,
	2014			2014
Intangible assets:
Software and software licenses	$	1,554.6		$	1,523.2
Customer contracts and lists	640.6			648.7
Other intangibles	209.0			208.3
	2,404.2			2,380.2
Less accumulated amortization:
Software and software licenses	(1,248.2		)	(1,231.2		)
Customer contracts and lists	(469.3		)	(467.1		)
Other intangibles	(186.3		)	(183.1		)
	(1,903.8		)	(1,881.4		)
Intangible assets, net	$	500.4		$	498.8

Other intangibles consist primarily of purchased rights, covenants, patents, and trademarks (acquired directly or through acquisitions).  All of the intangible assets have finite lives and, as such, are subject to amortization.  The weighted average remaining useful life of the intangible assets is 5 years (4 years for software and software licenses, 8 years for customer contracts and lists, and 3 years for other intangibles).  Amortization of intangible assets was $37.6 million and $34.4 million for the three months endedSeptember 30,2014 and 2013, respectively.

Estimated future amortization expenses of the Company's existing intangible assets are as follows:

	Amount
Nine months ending June 30, 2015	$	98.6
Twelve months ending June 30, 2016	$	119.5
Twelve months ending June 30, 2017	$	92.2
Twelve months ending June 30, 2018	$	51.0
Twelve months ending June 30, 2019	$	35.5
Twelve months ending June 30, 2020	$	26.5

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Reclassification out of Accumulated Other Comprehensive Income (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Sep. 30, 2014		Sep. 30, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	$ 178.2		$ 15.4
Other comprehensive (loss) before reclassification adjustments	(203.0)
Tax effect	34.0		5.0
Reclassification adjustments to net earnings	7.4
Tax effect	(2.5)		0.4
Reclassification adjustments to retained earnings	(88.2)
Accumulated other comprehensive income, ending balance	(74.1)		70.5
Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	99.5		39.6
Other comprehensive (loss) before reclassification adjustments	(108.9)		43.3
Reclassification adjustments to net earnings	0		0	[1]
Reclassification adjustments to retained earnings	(88.2)	[1]
Accumulated other comprehensive income, ending balance	(97.6)		82.9
Net Gains/Losses on Available-for-sale Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	211.6		186.7
Other comprehensive (loss) before reclassification adjustments	(94.1)		14.8
Tax effect	34.0		(5.0)
Reclassification adjustments to net earnings	(0.8)	[2]	(3.5)	[2]
Tax effect	0.3		1.3
Accumulated other comprehensive income, ending balance	151.0		194.3
Pension Liability
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income, beginning balance	(132.9)		(210.9)
Other comprehensive (loss) before reclassification adjustments	0		0
Tax effect	0		0
Reclassification adjustments to net earnings	8.2	[3]	(5.1)	[3]
Tax effect	(2.8)		(0.9)
Accumulated other comprehensive income, ending balance	$ (127.5)		$ (206.7)

[1] Reclassification adjustment out of AOCI are related to the CDK spin-off and included in retained earnings on the Consolidated Balance Sheets.

[2] Reclassification adjustments out of AOCI are included within Other income, net, on the Statements of Consolidated Earnings.

[3] Reclassification adjustments out of AOCI are included in net pension expense (see Note 10).

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Corporate Investments And Funds Held For Clients

3 Months Ended

Sep. 30, 2014

Corporate Investments And Funds Held For Clients [Abstract]

Corporate Investments And Funds Held For Clients

Note 6. Corporate Investments and Funds Held for Clients

Corporate investments and funds held for clients at September 30, 2014 and June 30, 2014 were as follows:

	September 30, 2014
	Amortized Cost		Gross Unrealized  Gains		Gross Unrealized Losses			Fair Value (A)
Type of issue:
Money market securities, cash and other cash equivalents	$	3,385.4	$	—	$	—		$	3,385.4
Available-for-sale securities:
Corporate bonds	8,882.6		134.6		(25.1		)	8,992.1
U.S. Treasury and direct obligations of U.S. government agencies	6,008.2		83.8		(18.3		)	6,073.7
Asset-backed securities	2,063.7		3.5		(13.0		)	2,054.2
Canadian government obligations and Canadian government agency obligations	985.8		6.2		(0.6		)	991.4
Canadian provincial bonds	728.0		22.7		(2.9		)	747.8
Municipal bonds	522.2		19.1		(0.2		)	541.1
Other securities	817.1		20.7		(0.9		)	836.9
Total available-for-sale securities	20,007.6		290.6		(61.0		)	20,237.2
Total corporate investments and funds held for clients	$	23,393.0	$	290.6	$	(61.0	)	$	23,622.6

(A) Included within available-for-sale securities are corporate investments with fair values of $2,308.2 million and funds held for clients with fair values of $17,929.0 million. All available-for-sale securities were included in Level 2.

	June 30, 2014
	Amortized  Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value (B)
Type of issue:
Money market securities, cash and other cash equivalents	$	2,773.7	$	—	$	—		$	2,773.7
Available-for-sale securities:
Corporate bonds	8,720.1		171.1		(15.0		)	8,876.2
U.S. Treasury and direct obligations of U.S. government agencies	6,051.4		107.3		(11.7		)	6,147.0
Asset-backed securities	1,822.6		6.1		(6.9		)	1,821.8
Canadian government obligations and Canadian government agency obligations	1,031.4		7.6		(0.8		)	1,038.2
Canadian provincial bonds	747.7		25.3		(2.5		)	770.5
Municipal bonds	543.3		19.4		(0.5		)	562.2
Other securities	915.6		25.7		(0.7		)	940.6
Total available-for-sale securities	19,832.1		362.5		(38.1		)	20,156.5
Total corporate investments and funds held for clients	$	22,605.8	$	362.5	$	(38.1	)	$	22,930.2

(B) Included within available-for-sale securities are corporate investments with fair values of $2,086.3 million and funds held for clients with fair values of $18,070.2 million. All available-for-sale securities were included in Level 2.

For a description of the fair value hierarchy and the Company's fair value methodologies, including the use of an independent third-party pricing service, see Note 1 "Summary of Significant Accounting Policies" in the Company's Annual Report on Form 10-K for fiscal 2014. The Company did not transfer any assets between Level 1 and Level 2 during the three months endedSeptember 30, 2014, or the year ended June 30, 2014. In addition, the Company did not adjust the prices obtained from the independent pricing service. The Company has no available-for-sale securities included in Level 1 or Level 3 as of September 30, 2014.

The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of September 30, 2014, are as follows: 

	September 30, 2014
	Securities in unrealized loss position less than 12 months					Securities in unrealized loss position greater than 12 months					Total
	Unrealized losses			Fair market value		Unrealized losses			Fair market value		Gross unrealized losses			Fair market value
Corporate bonds	$	(7.3	)	$	1,567.9	$	(17.8	)	$	948.6	$	(25.1	)	$	2,516.5
U.S. Treasury and direct obligations of U.S. government agencies	(1.7		)	395.2		(16.6		)	937.8		(18.3		)	1,333.0
Asset-backed securities	(4.2		)	856.0		(8.8		)	532.4		(13.0		)	1,388.4
Canadian government obligations and Canadian government agency obligations	(0.6		)	106.5		—			8.1		(0.6		)	114.6
Canadian provincial bonds	(1.2		)	91.1		(1.7		)	106.0		(2.9		)	197.1
Municipal bonds	—			28.1		(0.2		)	13.3		(0.2		)	41.4
Other securities	(0.1		)	19.1		(0.8		)	45.0		(0.9		)	64.1
	$	(15.1	)	$	3,063.9	$	(45.9	)	$	2,591.2	$	(61.0	)	$	5,655.1

The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2014, are as follows: 

	June 30, 2014
	Securities in unrealized loss position less than 12 months					Securities in unrealized loss position greater than 12 months					Total
	Unrealized losses			Fair market value		Unrealized losses			Fair market value		Gross unrealized losses			Fair market value
Corporate bonds	$	(0.9	)	$	313.8	$	(14.1	)	$	1,026.0	$	(15.0	)	$	1,339.8
U.S. Treasury and direct obligations of U.S. government agencies	(0.3		)	84.6		(11.4		)	944.8		(11.7		)	1,029.4
Asset-backed securities	(0.7		)	325.4		(6.2		)	555.5		(6.9		)	880.9
Canadian government obligations and Canadian government agency obligations	(0.8		)	127.2		—			—		(0.8		)	127.2
Canadian provincial bonds	(0.9		)	75.2		(1.6		)	118.6		(2.5		)	193.8
Municipal bonds	(0.1		)	42.0		(0.4		)	22.6		(0.5		)	64.6
Other securities	—			13.9		(0.7		)	45.7		(0.7		)	59.6
	$	(3.7	)	$	982.1	$	(34.4	)	$	2,713.2	$	(38.1	)	$	3,695.3

At September 30, 2014, Corporate bonds include investment-grade debt securities with a wide variety of issuers, industries, and sectors, primarily carry credit ratings of A and above, and have maturities ranging from October 2014 to June 2023.

At September 30, 2014, U.S. Treasury and direct obligations of U.S. government agencies primarily include debt directly issued by Federal Home Loan Banks and Federal Farm Credit Banks with fair values of $4,387.0 million and $1,222.0 million, respectively. U.S. Treasury and direct obligations of U.S. government agencies represent senior, unsecured, non-callable debt that primarily carries a credit rating of Aaa, as rated by Moody's, and AA+, as rated by Standard & Poor's, and have maturities ranging from October 2014 through February 2024.

At September 30, 2014, asset-backed securities include AAA rated senior tranches of securities with predominantly prime collateral of fixed rate credit card, auto loan, and rate reduction receivables with fair values of $1,466.7 million, $340.4 million, and $177.8 million, respectively. These securities are collateralized by the cash flows of the underlying pools of receivables.  The primary risk associated with these securities is the collection risk of the underlying receivables.  All collateral on such asset-backed securities has performed as expected through September 30, 2014.

At September 30, 2014, other securities and their fair value primarily represent: AAA and AA rated supranational bonds of $385.9 million, AAA and AA rated sovereign bonds of $321.3 million, and AA rated mortgage-backed securities of $95.7 million that are guaranteed by Federal National Mortgage Association ("Fannie Mae") or Federal Home Loan Mortgage Corporation ("Freddie Mac"). The Company's mortgage-backed securities represent an undivided beneficial ownership interest in a group or pool of one or more residential mortgages. These securities are collateralized by the cash flows of 15-year and 30-year residential mortgages and are guaranteed by Fannie Mae or Freddie Mac as to the timely payment of principal and interest.

Classification of corporate investments on the Consolidated Balance Sheets is as follows:

	September 30,		June 30,
	2014		2014
Corporate investments:
Cash and cash equivalents	$	2,175.7	$	1,585.9
Short-term marketable securities	2,261.6		2,032.2
Long-term marketable securities	46.6		54.1
Total corporate investments	$	4,483.9	$	3,672.2

Funds held for clients represent assets that, based upon the Company's intent, are restricted for use solely for the purposes of satisfying the obligations to remit funds relating to the Company’s payroll and payroll tax filing services, which are classified as client funds obligations on our Consolidated Balance Sheets.

Funds held for clients have been invested in the following categories:

	September 30,		June 30,
	2014		2014
Funds held for clients:
Restricted cash and cash equivalents held to satisfy client funds obligations	$	1,209.7	$	1,187.8
Restricted short-term marketable securities held to satisfy client funds obligations	1,643.7		1,312.5
Restricted long-term marketable securities held to satisfy client funds obligations	16,285.3		16,757.7
Total funds held for clients	$	19,138.7	$	19,258.0

Client funds obligations represent the Company's contractual obligations to remit funds to satisfy clients' payroll and tax payment obligations and are recorded on the Consolidated Balance Sheets at the time that the Company impounds funds from clients.  The client funds obligations represent liabilities that will be repaid within one year of the balance sheet date.  The Company has reported client funds obligations as a current liability on the Consolidated Balance Sheets totaling $18,935.3 million and $18,963.4 million as of September 30, 2014 and June 30, 2014, respectively.  The Company has classified funds held for clients as a current asset since these funds are held solely for the purposes of satisfying the client funds obligations.  The Company has reported the cash flows related to the purchases of corporate and client funds marketable securities and related to the proceeds from the sales and maturities of corporate and client funds marketable securities on a gross basis in the investing section of the Statements of Consolidated Cash Flows.  The Company has reported the cash inflows and outflows related to client funds investments with original maturities of 90 days or less on a net basis within net increase in restricted cash and cash equivalents and other restricted assets held to satisfy client funds obligations in the investing section of the Statements of Consolidated Cash Flows.  The Company has reported the cash flows related to the cash received from and paid on behalf of clients on a net basis within net increase in client funds obligations in the financing activities section of the Statements of Consolidated Cash Flows.

Approximately 82% of the available-for-sale securities held a AAA or AA rating at September 30, 2014, as rated by Moody's, Standard & Poor's and, for Canadian securities, Dominion Bond Rating Service.  All available-for-sale securities were rated as investment grade at September 30, 2014.

Expected maturities of available-for-sale securities at September 30, 2014 are as follows:

One year or less	$	3,905.3
One year to two years	4,331.5
Two years to three years	3,281.7
Three years to four years	2,325.1
After four years	6,393.6
Total available-for-sale securities	$	20,237.2

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Receivables

3 Months Ended

Sep. 30, 2014

Accounts, Notes, Loans and Financing Receivable, Classified [Abstract]

Receivables

Note 7. Receivables

Accounts receivable, net, includes the Company's trade receivables, which are recorded based upon the amount the Company expects to receive from its clients, net of an allowance for doubtful accounts. Notes receivable are recorded based upon the amount the Company expects to receive from its clients, net of an allowance for doubtful accounts and unearned income. The allowance for doubtful accounts is the Company's best estimate of probable credit losses related to trade receivables and notes receivable based upon the aging of the receivables, historical collection data, and internal assessments of credit quality, as well as in the economy as a whole. The Company charges off uncollectable amounts against the reserve in the period in which it determines they are uncollectable. Unearned income on notes receivable is amortized using the effective interest method.

The Company’s trade and accounts receivables, whose carrying value approximates fair value, are as follows:

	September 30, 2014						June 30, 2014
	Current			Long-term			Current			Long-term
Trade receivables	$	1,411.9		$	—		$	1,457.7		$	—
Notes receivable	19.7			35.7			94.8			169.9
Less:
Allowance for doubtful accounts - trade receivables	(39.2		)	—			(38.1		)	—
Allowance for doubtful accounts - notes receivable	(1.2		)	(2.2		)	(4.7		)	(8.3		)
Unearned income - notes receivable	(0.9		)	(0.8		)	(6.0		)	(6.2		)
	$	1,390.3		$	32.7		$	1,503.7		$	155.4

During the three months endedSeptember 30, 2014, the Company sold notes receivable related to Dealer Services financing arrangements to a third party for $207.2 million. Although the sale of the notes receivable transfers the majority of the risk to the purchaser, the Company does retain a minimal level of credit risk on the sold receivables. The cash received in exchange for the notes receivable sold was recorded within the operating activities on the Statements of Consolidated Cash Flows and the gain on sale realized was recorded within Other income, net on the Statements of Consolidated Earnings (see Note 5).

The Company determines the allowance for doubtful accounts related to notes receivable based upon a specific reserve for known collection issues, as well as a non-specific reserve based upon aging, both of which are based upon history of such losses and current economic conditions. As of September 30, 2014 and June 30, 2014, there were no notes receivable that were specifically reserved; the entire notes receivable reserve balance was comprised of non-specific reserves.

The rollforward of the allowance for doubtful accounts related to notes receivable is as follows:

	Current			Long-term
Balance at June 30, 2014	$	4.7		$	8.3
Net provision	0.2			0.4
Chargeoffs	(0.1		)	(0.1		)
Reserve reversal upon sale (A)	(3.6		)	(6.4		)
Balance at September 30, 2014	$	1.2		$	2.2

(A) As a result of the sale of the notes receivable related to Dealer Services financing arrangements to a third party, the Company released $10.0 million of non-specific reserves that were accrued on the sold notes receivable, which was recorded in selling, general, and administrative expenses on the Statements of Consolidated Earnings.

The allowance for doubtful accounts as a percentage of notes receivable was approximately 6% as of September 30, 2014 and 5% as of June 30, 2014.

On an ongoing basis, the Company evaluates the credit quality of its financing receivables, utilizing aging of receivables, collection experience and charge-offs. As events related to a specific client dictate, the credit quality of a client is reevaluated. Approximately 98% and 100% of notes receivable were current at September 30, 2014 and June 30, 2014, respectively.

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Short-Term Financing

3 Months Ended

Sep. 30, 2014

Short-Term Financing [Abstract]

Short-Term Financing

Note 9. Short-term Financing

The Company has a $2.25 billion, 364-day credit agreement with a group of lenders that matures in June 2015.   In addition, the Company has a five-year $2.0 billion credit facility and a five-year $3.25 billion credit facility maturing in June 2018 and June 2019, respectively, each with an accordion feature under which the aggregate commitment can be increased by $500.0 million, subject to the availability of additional commitments. The interest rate applicable to committed borrowings is tied to LIBOR, the effective federal funds rate, or the prime rate depending on the notification provided by the Company to the syndicated financial institutions prior to borrowing.  The Company is also required to pay facility fees on the credit agreements.  The primary uses of the credit facilities are to provide liquidity to the commercial paper program and funding for general corporate purposes, if necessary.  The Company had no borrowings through September 30, 2014 under the credit agreements.

The Company’s U.S. short-term funding requirements related to client funds are sometimes obtained through a commercial paper program, which provides for the issuance of up to $7.5 billion in aggregate maturity value of commercial paper, rather than liquidating previously-collected client funds that have already been invested in available-for-sale securities. The Company’s commercial paper program is rated A-1+ by Standard & Poor’s and Prime-1 by Moody’s.  These ratings denote the highest quality commercial paper securities.  Maturities of commercial paper can range from overnight to up to 364 days.  At September 30, 2014, the Company had $1,937.0 million of commercial paper outstanding, which was subsequently repaid on October 1, 2014. At June 30, 2014, the Company had $2,173.0 million of commercial paper outstanding, which was repaid on July 1, 2014. For the three months endedSeptember 30, 2014 and 2013, the Company's average borrowings were $3.1 billion at weighted average interest rates of 0.1%. The weighted average maturity of the Company’s commercial paper issued during the three months endedSeptember 30, 2014 approximated two days.

The Company’s U.S. and Canadian short-term funding requirements related to client funds obligations are sometimes obtained on a secured basis through the use of reverse repurchase agreements, which are collateralized principally by government and government agency securities, rather than liquidating previously-collected client funds that have already been invested in available-for-sale securities.  These agreements generally have terms ranging from overnight to up to five business days.  At September 30, 2014 and June 30, 2014, the Company had no obligations outstanding related to reverse repurchase agreements. For the three months endedSeptember 30, 2014 and 2013, the Company had average outstanding balances under reverse repurchase agreements of $570.7 million and $529.4 million, respectively, at weighted average interest rates of 0.4% and 0.5%, respectively. In addition, the Company has $3.25 billion available on a committed basis under the U.S. reverse repurchase agreements.

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Divestiture (Details) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	3 Months Ended			3 Months Ended		3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014	Sep. 30, 2014 CDK Global Inc [Member]	Sep. 24, 2014 CDK Global Inc [Member]	Sep. 30, 2014 Occupational Health and Safety (OHS) [Member]
Date of Spinoff				9/30/2014
Date of record for ADP stockholders to receive Disposal Entity's shares				September 24, 2014
ADP share to be converted to Disposal Entity's Shares					$ 1
Common stock, par value	$ 0.10		$ 0.10	$ 0.01
Disposal Entity's shares converted from Parent shares					$ 3
Shares Distributed of Disposal Entity's common stock				160.6
Reduction in retained earnings due to net assets				$ 1,500,000,000
Dividend received from Disposal Entity	825,000,000	0		825,000,000
Separation Costs, Incurred Cost				42,800,000
Disposal Date						Feb. 28, 2014
Gain (Loss) from Disposal from Disposal Entity						15,600,000
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax [Abstract]
Revenues	508,900,000	477,600,000
Earnings from discontinued operations before income taxes	65,600,000	93,700,000
Provision for income taxes	68,400,000	30,000,000
Net (loss)/earnings from discontinued operations	(2,800,000)	63,700,000
Assets:
Cash	0	309,000,000	397,700,000
Accounts receivable, net			296,700,000
Property, plant and equipment, net			109,700,000
Goodwill			1,226,600,000
Intangible assets, net			133,500,000
Other assets			245,500,000
Total assets	0		2,409,700,000
Liabilities:
Accounts payable			17,200,000
Accrued expenses and other current liabilities			128,100,000
Accrued payroll and payroll related expenses			99,200,000
Deferred revenues			218,200,000
Deferred income taxes			70,800,000
Other liabilities			47,700,000
Total liabilities	$ 0		$ 581,200,000

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Employee Benefit Plans (Narrative) (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock options - term for stock options granted, in years	10 years
Shares repurchased	600,000	4,200,000
Stock-based compensation expense	$ 38.8	$ 23.3
Total stock-based compensation - related tax benefits	13.9	8.4
Discontinued Operations Stock Based Compensation Expense	5.1	3.9
Weighted Average converted grant price	$ 46.85
Discontinued Operations Net Pension Expense	4.3	1.2
Defined Benefit Plan, Curtailments	3.2	0
Stock Options Granted Prior To July Two Thousand Eight [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Payment Award Vesting Period	5 years
Stock Options Granted After July 2008 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Payment Award Vesting Period	4 years
Time Based Restricted Stock granted prior to Fiscal 2013 [Domain]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Payment Award Vesting Period	5 years
Time Based Restricted Stock granted during Fiscal 2013 [Domain] [Domain]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based Payment Award Vesting Period	2 years
Performance Based Restricted Stock and Units [Domain]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Minimum percentage that will ultimately vest under performance-based restricted stock awards based on performance target	0.00%
Maximum percentage that will ultimately vest under performance-based restricted stock awards based on performance target	150.00%
Employee Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Purchase price of common stock as percentage of market value	95.00%
Non-Vested Stock Options [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total remaining unrecognized compensation cost	11.5
Weighted-average remaining requisite vesting period	1 year 9 months 29 days
Nonvested Restricted Stock Unit [Domain]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total remaining unrecognized compensation cost	37.2
Weighted-average remaining requisite vesting period	1 year 7 months 2 days
Non-Vested Restricted Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total remaining unrecognized compensation cost	$ 156.8
Weighted-average remaining requisite vesting period	1 year 9 months 20 days
Employee Stock Option [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares Increase (Decrease) due to Spinoff	849,000
Time-Based Restricted Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares Increase (Decrease) due to Spinoff	261,000
Time-Based Restricted Stock Units [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares Increase (Decrease) due to Spinoff	64,000
Performance-Based Restricted Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares Increase (Decrease) due to Spinoff	181,000
Performance Based Restricted Stock Unit [Domain]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares Increase (Decrease) due to Spinoff	10,000
Minimum [Member] | Performance Based Restricted Stock and Units [Domain]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share Based Payment Award Performance Period	1 year
Maximum [Member] | Performance Based Restricted Stock and Units [Domain]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share Based Payment Award Performance Period	3 years
Share-based Payment Award Requisite Service Period	26 months
CDK Global Inc [Member] | Employee Stock Option [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares Increase (Decrease) due to Spinoff	(823,000)
CDK Global Inc [Member] | Time-Based Restricted Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares Increase (Decrease) due to Spinoff	(189,000)
CDK Global Inc [Member] | Time-Based Restricted Stock Units [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares Increase (Decrease) due to Spinoff	(43,000)
CDK Global Inc [Member] | Performance-Based Restricted Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares Increase (Decrease) due to Spinoff	(45,000)
CDK Global Inc [Member] | Performance Based Restricted Stock Unit [Domain]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares Increase (Decrease) due to Spinoff	(35,000)

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Reclassification out of Accumulated Other Comprehensive Income (Notes)

3 Months Ended

Sep. 30, 2014

Reclassification out of Accumulated Other Comprehensive Income [Abstract]

Disclosure of Reclassification Amount [Text Block]

Note 14. Reclassifications out of Accumulated Other Comprehensive Income ("AOCI")

Changes in AOCI by component are as follows:

	Three Months Ended
	September 30, 2014
	Currency Translation Adjustment				Net Gains/Losses on Available-for-sale Securities				Pension Liability				Accumulated Other Comprehensive Income
Balance at June 30, 2014	$	99.5			$	211.6			$	(132.9	)		$	178.2
Other comprehensive loss before reclassification adjustments	(108.9		)		(94.1		)		—				(203.0		)
Tax effect	—				34.0				—				34.0
Reclassification adjustments to net earnings	—				(0.8		)	(A)	8.2			(B)	7.4
Tax effect	—				0.3				(2.8		)		(2.5		)
Reclassification adjustments to     retained earnings	(88.2		)	(C)	—				—				(88.2		)
Balance at September 30, 2014	$	(97.6	)		$	151.0			$	(127.5	)		$	(74.1	)

	Three Months Ended
	September 30, 2013
	Currency Translation Adjustment		Net Gains on Available-for-sale Securities				Pension Liability				Accumulated Other Comprehensive Income
Balance at June 30, 2013	$	39.6	$	186.7			$	(210.9	)		$	15.4
Other comprehensive income before      reclassification adjustments	43.3		14.8				—				58.1
Tax effect	—		(5.0		)		—				(5.0		)
Reclassification adjustments to     net earnings	—		(3.5		)	(A)	5.1			(B)	1.6
Tax effect	—		1.3				(0.9		)		0.4
Balance at September 30, 2013	$	82.9	$	194.3			$	(206.7	)		$	70.5

(A) Reclassification adjustments out of AOCI are included within Other income, net, on the Statements of Consolidated Earnings.

(B) Reclassification adjustments out of AOCI are included in net pension expense (see Note 10).

(C) Reclassification adjustment out of AOCI are related to the CDK spin-off and included in retained earnings on the Consolidated Balance Sheets.

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Other Income, Net (Tables)

3 Months Ended

Sep. 30, 2014

Other Income, Net [Abstract]

Other Income, net

	Three Months Ended
	September 30,
	2014			2013
Interest income on corporate funds	$	(18.3	)	$	(18.5	)
Realized gains on available-for-sale securities	(1.0		)	(4.3		)
Realized losses on available-for-sale securities	0.2			0.8
Gain on the sale of notes receivable	(1.4		)	—
Other income, net	$	(20.5	)	$	(22.0	)

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Goodwill And Intangible Assets, Net (Schedule Of Finite-Lived Intangible Assets, Future Amortization Expense) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Nine months ending June 30, 2015	$ 98.6
Twelve months ending June 30, 2016	119.5
Twelve months ending June 30, 2017	92.2
Twelve months ending June 30, 2018	51.0
Twelve months ending June 30, 2019	35.5
Twelve months ending June 30, 2020	$ 26.5

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Corporate Investments And Funds Held For Clients (Schedule Of Investment Of Funds Held For Clients) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Corporate Investments And Funds Held For Clients [Abstract]
Restricted cash and cash equivalents held to satisfy client funds obligations	$ 1,209.7	$ 1,187.8
Restricted short-term marketable securities held to satisfy client funds obligations	1,643.7	1,312.5
Restricted long-term marketable securities held to satisfy client funds obligations	16,285.3	16,757.7
Total funds held for clients	$ 19,138.7	$ 19,258.0

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Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Sep. 30, 2014		Jun. 30, 2014
Assets
Cash and cash equivalents	$ 2,175.7		$ 1,585.9	[1]
Short-term marketable securities	2,261.6	[1]	2,032.2	[1]
Accounts receivable, net	1,390.3		1,503.7
Other current assets	827.1		690.7
Assets of discontinued operations	0		2,409.7
Total current assets before funds held for clients	6,654.7		8,222.2
Funds held for clients	19,138.7		19,258.0
Total current assets	25,793.4		27,480.2
Long-term marketable securities	46.6		54.1	[1]
Long-term receivables, net	32.7		155.4
Property, Plant and Equipment, net	650.7		667.7
Other assets	1,326.7		1,316.4
Goodwill	1,857.6	[2]	1,887.2	[2]
Intangible assets, net	500.4		498.8
Total assets	30,208.1		32,059.8
Liabilities and Stockholders' Equity
Accounts payable	146.9		152.5
Accrued expenses and other current liabilities	1,127.4		1,187.6
Accrued payroll and payroll-related expenses	436.1		607.9
Dividends payable	228.6		226.9
Short-term deferred revenues	232.7		251.7
Obligation under commercial paper borrowing	1,937.0		2,173.0
Income taxes payable	115.3		20.4
Liabilities of discontinued operations	0		581.2
Total current liabilities before client funds obligations	4,224.0		5,201.2
Client funds obligations	18,935.3		18,963.4
Total current liabilities	23,159.3		24,164.6
Long-term debt	10.9		11.5
Other liabilities	616.7		619.6
Deferred income taxes	230.2		218.0
Long-term deferred revenues	363.7		375.9
Total liabilities	24,380.8		25,389.6
Stockholders' equity:
Preferred stock, $1.00 par value: Authorized, 0.3 shares; issued, none	0		0
Common stock, $0.10 par value: Authorized, 1,000.0 shares; issued 638.7 shares at September 30, 2014 and June 30, 2014; outstanding, 481.8 and 480.2 shares at September 30, 2014 and June 30, 2014, respectively	63.9		63.9
Capital in excess of par value	565.4		545.2
Retained earnings	12,990.0		13,632.9
Treasury stock - at cost: 156.9 and 158.5 shares at September 30, 2014 and June 30, 2014, respectively	(7,717.9)		(7,750.0)
Accumulated other comprehensive income	(74.1)		178.2
Total stockholders' equity	5,827.3		6,670.2
Total liabilities and stockholders' equity	$ 30,208.1		$ 32,059.8

[1] As of September 30, 2014, $1,957.8 million of short-term marketable securities are related to the Company's outstanding commercial paper borrowings (see Note 9). As of June 30, 2014, $2,015.8 million of short-term marketable securities and $183.8 million of cash and cash equivalents are related to the Company's outstanding commercial paper borrowings (see Note 9).

[2] The goodwill balance at June 30, 2014 and September 30, 2014 is net of accumulated impairment losses of $42.7 million related to the Employer Services segment.

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Divestiture

3 Months Ended

Sep. 30, 2014

Divestitures [Abstract]

Divestiture

Note 3. Divestitures

On September 30, 2014, the Company completed the tax free spin-off of its former Dealer Services business, which was a separate reportable segment, into an independent publicly traded company called CDK Global, Inc. ("CDK"). As a result of the spin-off, ADP stockholders of record on September 24, 2014 (the "record date") received one share of CDK common stock on September 30, 2014, par value $0.01 per share, for every three shares of ADP common stock held by them on the record date and cash for any fractional shares of CDK common stock. ADP distributed approximately 160.6 million shares of CDK common stock in the distribution. The spin-off was made without the payment of any consideration or the exchange of any shares by ADP stockholders.

The Company recorded a decrease to retained earnings of $1.5 billion for the reduction in net assets of CDK related to the spin-off, offset by an increase to retained earnings of $825.0 million related to the cash dividend received from CDK as part of the spin-off. The spin-off, transitional and on-going relationships between ADP and CDK are governed by the Separation and Distribution Agreement entered into between ADP and CDK and certain other ancillary agreements.

Incremental costs associated with the spin-off of $42.8 million for the three months endedSeptember 30, 2014 are included in discontinued operations on the Statements of Consolidated Earnings and are principally related to professional fees.

On February 28, 2014, the Company completed the sale of its Occupational Health and Safety services business ("OHS") for a pre-tax gain of $15.6 million, less costs to sell, and recorded such gain within earnings from discontinued operations on the Statements of Consolidated Earnings in the third quarter of fiscal 2014. OHS was previously reported in the Employer Services segment.

In conjunction with the spin-off of CDK and the sale of OHS, the Company has classified the operating results of these businesses as discontinued operations for all periods presented. The operating results for these businesses were as follows:

	Three Months Ended
	September 30,
	2014			2013
Revenues	$	508.9		$	477.6
Earnings from discontinued operations before income taxes	65.6			93.7
Provision for income taxes	68.4			30.0
Net (loss)/earnings from discontinued operations	$	(2.8	)	$	63.7

The following is a summary of the assets and liabilities related to discontinued operations as of June 30, 2014:

	June 30, 2014
Assets:
Cash	$	397.7
Accounts receivable, net	296.7
Property, plant and equipment, net	109.7
Goodwill	1,226.6
Intangible assets, net	133.5
Other assets	245.5
Total assets	$	2,409.7
Liabilities:
Accounts payable	$	17.2
Accrued expenses and other current liabilities	128.1
Accrued payroll and payroll related expenses	99.2
Deferred revenues	218.2
Deferred income taxes	70.8
Other liabilities	47.7
Total liabilities	$	581.2

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Income Taxes (Details)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Percent	34.10%	34.40%

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Corporate Investments And Funds Held For Clients (Tables)

3 Months Ended

Sep. 30, 2014

Corporate Investments And Funds Held For Clients [Abstract]

Available-for-sale Securities [Table Text Block]

	September 30, 2014
	Amortized Cost		Gross Unrealized  Gains		Gross Unrealized Losses			Fair Value (A)
Type of issue:
Money market securities, cash and other cash equivalents	$	3,385.4	$	—	$	—		$	3,385.4
Available-for-sale securities:
Corporate bonds	8,882.6		134.6		(25.1		)	8,992.1
U.S. Treasury and direct obligations of U.S. government agencies	6,008.2		83.8		(18.3		)	6,073.7
Asset-backed securities	2,063.7		3.5		(13.0		)	2,054.2
Canadian government obligations and Canadian government agency obligations	985.8		6.2		(0.6		)	991.4
Canadian provincial bonds	728.0		22.7		(2.9		)	747.8
Municipal bonds	522.2		19.1		(0.2		)	541.1
Other securities	817.1		20.7		(0.9		)	836.9
Total available-for-sale securities	20,007.6		290.6		(61.0		)	20,237.2
Total corporate investments and funds held for clients	$	23,393.0	$	290.6	$	(61.0	)	$	23,622.6

(A) Included within available-for-sale securities are corporate investments with fair values of $2,308.2 million and funds held for clients with fair values of $17,929.0 million. All available-for-sale securities were included in Level 2.

	June 30, 2014
	Amortized  Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value (B)
Type of issue:
Money market securities, cash and other cash equivalents	$	2,773.7	$	—	$	—		$	2,773.7
Available-for-sale securities:
Corporate bonds	8,720.1		171.1		(15.0		)	8,876.2
U.S. Treasury and direct obligations of U.S. government agencies	6,051.4		107.3		(11.7		)	6,147.0
Asset-backed securities	1,822.6		6.1		(6.9		)	1,821.8
Canadian government obligations and Canadian government agency obligations	1,031.4		7.6		(0.8		)	1,038.2
Canadian provincial bonds	747.7		25.3		(2.5		)	770.5
Municipal bonds	543.3		19.4		(0.5		)	562.2
Other securities	915.6		25.7		(0.7		)	940.6
Total available-for-sale securities	19,832.1		362.5		(38.1		)	20,156.5
Total corporate investments and funds held for clients	$	22,605.8	$	362.5	$	(38.1	)	$	22,930.2

(B) Included within available-for-sale securities are corporate investments with fair values of $2,086.3 million and funds held for clients with fair values of $18,070.2 million. All available-for-sale securities were included in Level 2.

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of September 30, 2014, are as follows: 

	September 30, 2014
	Securities in unrealized loss position less than 12 months					Securities in unrealized loss position greater than 12 months					Total
	Unrealized losses			Fair market value		Unrealized losses			Fair market value		Gross unrealized losses			Fair market value
Corporate bonds	$	(7.3	)	$	1,567.9	$	(17.8	)	$	948.6	$	(25.1	)	$	2,516.5
U.S. Treasury and direct obligations of U.S. government agencies	(1.7		)	395.2		(16.6		)	937.8		(18.3		)	1,333.0
Asset-backed securities	(4.2		)	856.0		(8.8		)	532.4		(13.0		)	1,388.4
Canadian government obligations and Canadian government agency obligations	(0.6		)	106.5		—			8.1		(0.6		)	114.6
Canadian provincial bonds	(1.2		)	91.1		(1.7		)	106.0		(2.9		)	197.1
Municipal bonds	—			28.1		(0.2		)	13.3		(0.2		)	41.4
Other securities	(0.1		)	19.1		(0.8		)	45.0		(0.9		)	64.1
	$	(15.1	)	$	3,063.9	$	(45.9	)	$	2,591.2	$	(61.0	)	$	5,655.1

The unrealized losses and fair values of available-for-sale securities that have been in an unrealized loss position for a period of less than and greater than 12 months as of June 30, 2014, are as follows: 

	June 30, 2014
	Securities in unrealized loss position less than 12 months					Securities in unrealized loss position greater than 12 months					Total
	Unrealized losses			Fair market value		Unrealized losses			Fair market value		Gross unrealized losses			Fair market value
Corporate bonds	$	(0.9	)	$	313.8	$	(14.1	)	$	1,026.0	$	(15.0	)	$	1,339.8
U.S. Treasury and direct obligations of U.S. government agencies	(0.3		)	84.6		(11.4		)	944.8		(11.7		)	1,029.4
Asset-backed securities	(0.7		)	325.4		(6.2		)	555.5		(6.9		)	880.9
Canadian government obligations and Canadian government agency obligations	(0.8		)	127.2		—			—		(0.8		)	127.2
Canadian provincial bonds	(0.9		)	75.2		(1.6		)	118.6		(2.5		)	193.8
Municipal bonds	(0.1		)	42.0		(0.4		)	22.6		(0.5		)	64.6
Other securities	—			13.9		(0.7		)	45.7		(0.7		)	59.6
	$	(3.7	)	$	982.1	$	(34.4	)	$	2,713.2	$	(38.1	)	$	3,695.3

Classification Of Corporate Investments On The Consolidated Balance Sheets

	September 30,		June 30,
	2014		2014
Corporate investments:
Cash and cash equivalents	$	2,175.7	$	1,585.9
Short-term marketable securities	2,261.6		2,032.2
Long-term marketable securities	46.6		54.1
Total corporate investments	$	4,483.9	$	3,672.2

Schedule Of Investment Of Funds Held For Clients

	September 30,		June 30,
	2014		2014
Funds held for clients:
Restricted cash and cash equivalents held to satisfy client funds obligations	$	1,209.7	$	1,187.8
Restricted short-term marketable securities held to satisfy client funds obligations	1,643.7		1,312.5
Restricted long-term marketable securities held to satisfy client funds obligations	16,285.3		16,757.7
Total funds held for clients	$	19,138.7	$	19,258.0

Expected Maturities Of Available-For-Sale Securities

One year or less	$	3,905.3
One year to two years	4,331.5
Two years to three years	3,281.7
Three years to four years	2,325.1
After four years	6,393.6
Total available-for-sale securities	$	20,237.2

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Corporate Investments And Funds Held For Clients (Corporate Investments And Funds Held For Clients) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014		Jun. 30, 2014
Schedule of Available-for-sale Securities [Line Items]
Money market securities and other cash equivalents - Amortized Cost	$ 3,385.4		$ 2,773.7
Money market securities and other cash equivalents - Fair Value	3,385.4		2,773.7
Available-for-sale securities - Amortized Cost	20,007.6		19,832.1
Available-for-sale securities - Gross Unrealized Gains	290.6		362.5
Available-for-sale securities - Gross Unrealized Losses	(61.0)		(38.1)
Available-for-sale securities - Fair Value	20,237.2	[1]	20,156.5	[2]
Total corporate investments and funds held for clients - Amortized Cost	23,393.0		22,605.8
Total corporate investments and funds held for clients - Gross Unrealized Gains	290.6		362.5
Total corporate investments and funds held for clients - Gross Unrealized Losses	(61.0)		(38.1)
Total corporate investments and funds held for clients - Fair Value	23,622.6		22,930.2
Corporate Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	2,308.2		2,086.3
Funds Held For Clients [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Fair Value	17,929.0		18,070.2
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Amortized Cost	8,882.6		8,720.1
Available-for-sale securities - Gross Unrealized Gains	134.6		171.1
Available-for-sale securities - Gross Unrealized Losses	(25.1)		(15.0)
Available-for-sale securities - Fair Value	8,992.1	[1]	8,876.2	[2]
US Treasury and Government [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Amortized Cost	6,008.2		6,051.4
Available-for-sale securities - Gross Unrealized Gains	83.8		107.3
Available-for-sale securities - Gross Unrealized Losses	(18.3)		(11.7)
Available-for-sale securities - Fair Value	6,073.7	[1]	6,147.0	[2]
Asset-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Amortized Cost	2,063.7		1,822.6
Available-for-sale securities - Gross Unrealized Gains	3.5		6.1
Available-for-sale securities - Gross Unrealized Losses	(13.0)		(6.9)
Available-for-sale securities - Fair Value	2,054.2	[1]	1,821.8	[2]
Canadian Government Obligations And Canadian Government Agency Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Amortized Cost	985.8		1,031.4
Available-for-sale securities - Gross Unrealized Gains	6.2		7.6
Available-for-sale securities - Gross Unrealized Losses	(0.6)		(0.8)
Available-for-sale securities - Fair Value	991.4	[1]	1,038.2	[2]
Canadian Provincial Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Amortized Cost	728.0		747.7
Available-for-sale securities - Gross Unrealized Gains	22.7		25.3
Available-for-sale securities - Gross Unrealized Losses	(2.9)		(2.5)
Available-for-sale securities - Fair Value	747.8	[1]	770.5	[2]
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Amortized Cost	522.2		543.3
Available-for-sale securities - Gross Unrealized Gains	19.1		19.4
Available-for-sale securities - Gross Unrealized Losses	(0.2)		(0.5)
Available-for-sale securities - Fair Value	541.1	[1]	562.2	[2]
Other Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities - Amortized Cost	817.1		915.6
Available-for-sale securities - Gross Unrealized Gains	20.7		25.7
Available-for-sale securities - Gross Unrealized Losses	(0.9)		(0.7)
Available-for-sale securities - Fair Value	$ 836.9	[1]	$ 940.6	[2]

[1] Included within available-for-sale securities are corporate investments with fair values of $2,308.2 million and funds held for clients with fair values of $17,929.0 million. All available-for-sale securities were included in Level 2.

[2] Included within available-for-sale securities are corporate investments with fair values of $2,086.3 million and funds held for clients with fair values of $18,070.2 million. All available-for-sale securities were included in Level 2.

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Foreign Currency Risk Management (Notes)

3 Months Ended

Sep. 30, 2014

Foreign Currency Risk Management [Abstract]

Fair Value, Concentration of Risk [Table Text Block]

Note 13. Foreign Currency Risk Management Programs

The Company transacts business in various foreign jurisdictions and is therefore exposed to market risk from changes in foreign currency exchange rates that could impact its consolidated results of operations, financial position, or cash flows.  The Company manages its exposure to these market risks through its regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments.  The Company does not use derivative financial instruments for trading purposes.  The Company had no derivative financial instruments outstanding at September 30, 2014 or June 30, 2014.