XML 23 R10.htm IDEA: XBRL DOCUMENT
v3.26.1

SHORT-TERM INVESTMENTS: | 6 Months Ended
--- | ---
Jun. 30, 2026
SHORT-TERM INVESTMENTS: |
SHORT-TERM INVESTMENTS: | ​ NOTE 2 — SHORT-TERM INVESTMENTS: ​ Short-term investments were as follows (in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At June 30, | ​ | At December 31, | ​ | ​
​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025 | ​ | ​
Trading securities | ​ | $ | 1,664.8 | ​ | $ | 604.5 | ​ | ​
Weighted average interest rate | ​ |  | 3.9 | % |  | 4.1 | % | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available-for-sale | ​ | $ | 0.1 | ​ | $ | 0.1 | ​ | ​
Weighted average interest rate | ​ |  | 0.9 | % |  | 0.9 | % | ​
Total | ​ | $ | 1,664.9 | ​ | $ | 604.6 | ​ | ​
​ Trading securities consisted of bonds issued by public companies and were publicly traded. Each financial instrument was independent of the others. The Company had the intention to sell these bonds in the short-term. ​ Available-for-sale investments consist of securities issued by public companies. Each security is independent of the others and as of June 30, 2026, and December 31, 2025, included asset and mortgage-backed obligations. As of June 30, 2026, 2025 and December 31, 2025, gross unrealized gains and losses on available-for-sale securities were not material. ​ The Company earned interest related to these trading investments, which was recorded as interest income in the condensed consolidated statement of earnings. Also, the Company redeemed some of these trading securities and recognized gains (losses) due to changes in fair value, which were recorded as other income (expense) in the condensed consolidated statement of earnings. ​ The following table summarizes trading investment activity (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended | ​ |
​ | ​ | June 30, | ​ | June 30, | ​ | ​
​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025 | ​ ​ ​ | 2026 | ​ ​ ​ | 2025 | ​ |
Trading: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest earned | ​ | $ | 20.4 | ​ | $ | 7.2 | ​ | $ | 25.7 | ​ | $ | 9.5 | ​ | ​
Unrealized gain (loss) at the end of the period | ​ | $ | (*) | ​ | $ | (*) | ​ | $ | (*) | ​ | $ | (*) | ​ | ​
(*) Less than $0.1 million.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investment in debt and equity securities and other assets at fair value and held for trading. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/942-320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/940-320/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph b -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-10 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration