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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value Hierarchy for Financial Assets
The following table summarizes financial assets that we measured at fair value on a recurring basis as of December 31, 2018, classified in accordance with the fair value hierarchy:
 
Fair Value Measurements Using
(In millions)
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents
$
199.3

 
$
66.7

 
$

 
$
266.0

 
 
 
 
 
 
 
 
Equity investment in Tandem Diabetes Care, Inc.
38.0

 

 

 
38.0

 
 
 
 
 
 
 
 
Debt securities, available for sale:
 
 
 
 
 
 
 
U.S. government agencies

 
173.1

 

 
173.1

Commercial paper

 
36.2

 

 
36.2

Corporate debt

 
1.3

 

 
1.3

Total debt securities, available for sale

 
210.6

 

 
210.6

 
 
 
 
 
 
 
 
Total assets measured at fair value on a recurring basis
$
237.3

 
$
277.3

 
$

 
$
514.6


The following table summarizes financial assets that we measured at fair value on a recurring basis as of December 31, 2017, classified in accordance with the fair value hierarchy:
 
Fair Value Measurements Using
(In millions)
Level 1
 
Level 2
 
Level 3
 
Total
Cash equivalents
$
306.6

 
$
38.0

 
$

 
$
344.6

 
 
 
 
 
 
 
 
Debt securities, available for sale:
 
 
 
 
 
 
 
U.S. government agencies

 
87.3

 

 
87.3

Commercial paper

 
14.7

 

 
14.7

Corporate debt

 
5.1

 

 
5.1

Total debt securities, available for sale

 
107.1

 

 
107.1

 
 
 
 
 
 
 
 
Total assets measured at fair value on a recurring basis
$
306.6

 
$
145.1

 
$

 
$
451.7