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Goodwill and Intangible Assets, net | 6 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, net | Goodwill and Intangible Assets, net Changes in goodwill for the six months ended December 31, 2024 are as follows:
| Employer Services |  | PEO Services |  |  |  | Total
Balance at June 30, 2024 | $ | 2,348.8 |  |  | $ | 4.8 |  |  |  |  | $ | 2,353.6 |
Additions and other adjustments | 846.4 |  |  | — |  |  |  |  | 846.4 |
Currency translation adjustments | (16.1) |  |  | — |  |  |  |  | (16.1) |
Balance at December 31, 2024 | $ | 3,179.1 |  |  | $ | 4.8 |  |  |  |  | $ | 3,183.9 |
Components of intangible assets, net, are as follows:
|  | December 31, |  | June 30,
|  | 2024 |  | 2024
Intangible assets: |  |  |  |
Software and software licenses |  | $ | 4,098.6 |  |  | $ | 3,803.7 |
Customer contracts and lists |  | 1,420.0 |  |  | 1,181.6 |
Other intangibles |  | 249.3 |  |  | 242.0 |
|  | 5,767.9 |  |  | 5,227.3 |
Less accumulated amortization: |  |  |  |
Software and software licenses |  | (2,743.5) |  |  | (2,642.6) |
Customer contracts and lists |  | (1,042.9) |  |  | (1,007.6) |
Other intangibles |  | (242.4) |  |  | (241.1) |
|  | (4,028.8) |  |  | (3,891.3) |
Intangible assets, net |  | $ | 1,739.1 |  |  | $ | 1,336.0 |
Other intangibles consist primarily of purchased rights, trademarks and trade names (acquired directly or through acquisitions). All intangible assets have finite lives and, as such, are subject to amortization. The weighted average remaining useful life of the intangible assets is 6 years (6 years for software and software licenses, 5 years for customer contracts and lists, and 4 years for other intangibles). Amortization of intangible assets was $100.7 million and $94.5 million for the three months ended December 31, 2024 and 2023, respectively, and $189.7 million and $190.2 million for the six months ended December 31, 2024 and 2023, respectively. Estimated future amortization expenses of the Company's existing intangible assets are as follows:
| Amount
Six months ending June 30, 2025 | $ | 253.2 |
Twelve months ending June 30, 2026 | $ | 362.3 |
Twelve months ending June 30, 2027 | $ | 262.5 |
Twelve months ending June 30, 2028 | $ | 220.6 |
Twelve months ending June 30, 2029 | $ | 190.1 |
Twelve months ending June 30, 2030 | $ | 148.8 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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