XML 71 R26.htm IDEA: XBRL DOCUMENT
v3.19.3

INVESTMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract] |
Schedule of Investments in Debt Securities | Investments in debt securities at the end of each period were as follows (in millions):
| September 30, 2019 |  | December 31, 2018
Held-to-maturity | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses | Fair Value
Bank time deposits | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 20.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 20.0 |
Available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper | $ | 10.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 10.9 |  |  | $ | 56.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 56.7 |
U.S. government and agency securities | 75.4 |  |  | 0.6 |  |  | — |  |  | 76.0 |  |  | 79.7 |  |  | 0.2 |  |  | (0.7 | ) |  | 79.2 |
Foreign government bonds | 1.6 |  |  | — |  |  | — |  |  | 1.6 |  |  | 1.7 |  |  | — |  |  | — |  |  | 1.7 |
Asset-backed securities | 80.7 |  |  | 0.6 |  |  | — |  |  | 81.3 |  |  | 110.6 |  |  | 0.1 |  |  | (0.5 | ) |  | 110.2 |
Corporate debt securities | 354.9 |  |  | 2.0 |  |  | (0.1 | ) |  | 356.8 |  |  | 459.8 |  |  | 0.1 |  |  | (4.3 | ) |  | 455.6 |
Municipal securities | 2.7 |  |  | — |  |  | — |  |  | 2.7 |  |  | 2.8 |  |  | — |  |  | — |  |  | 2.8 |
Total | $ | 526.2 |  |  | $ | 3.2 |  |  | $ | (0.1 | ) |  | $ | 529.3 |  |  | $ | 711.3 |  |  | $ | 0.4 |  |  | $ | (5.5 | ) |  | $ | 706.2 |
Schedule of Cost and Fair Value of Investments in Debt Securities, By Contractual Maturity | The cost and fair value of investments in debt securities, by contractual maturity, as of September 30, 2019 were as follows:
| Available-for-Sale
| Cost |  | Fair Value
| (in millions)
Due in 1 year or less | $ | 169.9 |  |  | $ | 170.3 |
Due after 1 year through 5 years | 292.4 |  |  | 294.5 |
Instruments not due at a single maturity date | 63.9 |  |  | 64.5 |
| $ | 526.2 |  |  | $ | 529.3 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of September 30, 2019 and December 31, 2018, aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in millions):
| September 30, 2019
| Less than 12 Months |  | 12 Months or Greater |  | Total
| Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
Corporate debt securities | $ | — |  |  | $ | — |  |  | $ | 41.4 |  |  | $ | (0.1 | ) |  | $ | 41.4 |  |  | $ | (0.1 | )
| December 31, 2018
| Less than 12 Months |  | 12 Months or Greater |  | Total
| Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
U.S. government and agency securities | $ | 0.7 |  |  | $ | (0.1 | ) |  | $ | 56.5 |  |  | $ | (0.6 | ) |  | $ | 57.2 |  |  | $ | (0.7 | )
Asset-backed securities | 4.0 |  |  | — |  |  | 61.3 |  |  | (0.5 | ) |  | 65.3 |  |  | (0.5 | )
Corporate debt securities | 177.4 |  |  | (1.1 | ) |  | 203.7 |  |  | (3.2 | ) |  | 381.1 |  |  | (4.3 | )
| $ | 182.1 |  |  | $ | (1.2 | ) |  | $ | 321.5 |  |  | $ | (4.3 | ) |  | $ | 503.6 |  |  | $ | (5.5 | )
Schedule of Investments in Unconsolidated Affiliates | Investments in these unconsolidated affiliates are recorded in "Long-term Investments" on the consolidated condensed balance sheets, and are as follows:
| September 30, 2019 |  | December 31, 2018
| (in millions)
Equity method investments |  |  |  |  |
Cost | $ | 10.7 |  |  | $ | 9.1 |
Equity in losses | (3.8 | ) |  | (4.7 | )
Carrying value of equity method investments | 6.9 |  |  | 4.4 |
Equity securities |  |  |  |  |
Carrying value of non-marketable equity securities | 20.1 |  |  | 18.1 |
Total investments in unconsolidated affiliates | $ | 27.0 |  |  | $ | 22.5 |

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=118942371&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118955579&loc=SL82922888-210455 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 + Details
Name: | us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration