ADP 2009 Annual Report Download - page 51

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NOTE 8. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at cost and accumulated depreciation at June 30, 2009 and 2008 are as follows:
NOTE 9. ASSETS HELD FOR SALE
During fiscal 2009, the Company reclassified assets related to three buildings as assets held for sale on the Consolidated Balance Sheets. Such
assets were previously reported in property, plant and equipment, net on the Consolidated Balance Sheets. At June 30, 2009, the Company had
$12.1 million classified as assets held for sale on the Consolidated Balance Sheets.
In fiscal 2009, the Company sold a building and realized a gain of $2.2 million in other income, net, on the Statements of Consolidated
Earnings. In July 2009, the Company sold a building and expects to realize a gain of $1.5 million during the three months ended September 30,
2009. The Company currently expects to complete the sale of the remaining building during fiscal 2010.
NOTE 10. GOODWILL AND INTANGIBLE ASSETS, NET
Changes in goodwill for the fiscal year ended June 30, 2009 and 2008 are as follows:
In fiscal 2009, 2008 and 2007, the Company performed the required annual impairment tests of goodwill and determined that there was no
impairment.
51
June 30, 2009 2008
Property, plant and equipment:
Land and buildings $ 721.1 $ 714.3
Data processing equipment 771.3 747.3
Furniture, leaseholds and other 417.9 407.8
1,910.3 1,869.4
Less: accumulated depreciation (1,175.8) (1,126.5)
Property, plant and equipment, net $ 734.5 $ 742.9
Employer PEO Dealer
Services Services Services Total
Balance as of June 30, 2007 $ 1,576.6 $ 4.8 $ 772.2 $ 2,353.6
Additions and other adjustments, net (19.1) - 25.5 6.4
Currency translation adjustments 58.2 - 8.5 66.7
Balance as of June 30, 2008 $ 1,615.7 $ 4.8 $ 806.2 $ 2,426.7
Additions and other adjustments, net 4.5 - 67.0 71.5
Currency translation adjustments (53.2) - (69.5) (122.7)
Balance as of June 30, 2009 $ 1,567.0 $ 4.8 $ 803.7 $ 2,375.5