ADP 2010 Annual Report Download - page 67

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NOTE 8. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at cost and accumulated depreciation at June 30, 2010 and 2009 are as follows:
Depreciation of property, plant and equipment was $152.6 million, $155.8 million and $166.3 million for fiscal 2010, 2009 and 2008,
respectively.
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. The
Company sold two of the buildings as of June 30, 2010. Additionally, during fiscal 2010, the Company reclassified assets related to
one other building as assets held for sale on the Consolidated Balance Sheets. At June 30, 2010, the Company had $11.8 million
classified as assets held for sale on the Consolidated Balance Sheets. During July 2010, the Company completed the sale of the two
buildings previously classified as assets held for sale at June 30, 2010.
NOTE 10. GOODWILL AND INTANGIBLE ASSETS, NET
Changes in goodwill for the fiscal year ended June 30, 2010 and 2009 are as follows:
In fiscal 2010, 2009 and 2008, the Company performed the required annual impairment tests of goodwill and determined that there was
no impairment.
52
June 30,
2010
2009
Property, plant and equipment:
Land and buildings
$
700.1
$
721.1
Data processing equipment
731.3
770.2
Furniture, leaseholds and other
397.4
417.6
1,828.8
1,908.9
Less: accumulated depreciation
(1,155.0
)
(1,174.6
)
Property, plant and equipment, net
$
673.8
$
734.3
Employer
PEO
Dealer
Services
Services
Services
Total
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
Additions and other adjustments, net
80.6
-
1.4
82.0
Adjustments for discontinued operations
-
-
(15.0
)
(15.0
)
Currency translation adjustments
(36.3
)
-
(22.9
)
(59.2
)
Balance as of June 30, 2010
$
1,611.3
$
4.8
$
767.2
$
2,383.3