ADP 2014 Annual Report Download - page 59

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NOTE 6. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at cost and accumulated depreciation at June 30, 2015 and 2014 are as follows:
June 30,
2015
2014
Property, plant, and equipment:
Land and buildings
$ 730.6
$ 705.9
Data processing equipment
588.5
565.7
Furniture, leaseholds, and other
457.3
447.1
1,776.4
1,718.7
Less: accumulated depreciation
(1,103.7)
(1,051.6)
Property, plant, and equipment, net
$ 672.7
$ 667.1
Depreciation of property, plant and equipment was $127.2 million , $124.1 million , and $113.8 million for fiscal 2015 , 2014 , and 2013 , respectively.
NOTE 7. GOODWILL AND INTANGIBLE ASSETS, NET
Changes in goodwill for the fiscal year ended J une 30, 2015 and 2014 are as follows:
Employer
Services
PEO
Services
Total
Balance at June 30, 2013 (A ) $ 1,861.6
$ 4.8
$ 1,866.4
Additions and other adjustments, net 0.3
—
0.3
Currency translation adjustments 16.8
—
16.8
Balance at June 30, 2014 (A ) $ 1,878.7
$ 4.8
$ 1,883.5
Additions and other adjustments, net 6.8
—
6.8
Currency translation adjustments (96.8)
—
(96.8)
Balance at June 30, 2015 (A ) $ 1,788.7
$ 4.8
$ 1,793.5
(A) The goodwill balance at June 30, 2015 , 2014 , and 2013 is net of accumulated impairment losses of $42.7 million related to the Employer Services segment.
In fiscal 2015 , the Company performed the required annual impairment tests of goodwill and determined that there were no impairments.
Components of intangible assets, net, are as follows:
June 30,
2015
2014
Intangible assets:
Software and software licenses
$ 1,648.7
$ 1,512.7
Customer contracts and lists
625.4
645.0
Other intangibles
209.0
208.3
2,483.1
2,366.0
Less accumulated amortization:
Software and software licenses
(1,308.7)
(1,226.4)
Customer contracts and lists
(478.6)
(465.5)
Other intangibles
(192.6)
(183.1)
(1,979.9)
(1,875.0)
Intangible assets, net
$ 503.2
$ 491.0
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