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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Assets Measured at Fair Value on Recurring Basis

The Company’s assets which were measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 were determined using the inputs described above and are as follows (in millions):

						Fair Value Measurements Using
		Carrying Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
March 31, 2017:
Classified as current assets:
Cash and money market funds		$	60.5			$	60.5			$	—			$	—
Certificates of deposit			0.2				0.2				—				—
Commercial paper			44.4				—				44.4				—
Securities of government-sponsored entities			8.0				—				8.0				—
Corporate debt securities			122.5				—				122.5				—
Subtotal			235.6				60.7				174.9				—
Classified as long-term assets:
Certificates of deposit			5.1				5.1				—				—
Securities of government-sponsored entities			20.0				—				20.0				—
Corporate debt securities			17.7				—				17.7				—
Total			278.4				65.8				212.6				—
Less cash, cash equivalents and restricted cash			(69.2	)			(65.5	)			(3.7	)			—
Total investments		$	209.2			$	0.3			$	208.9			$	—
December 31, 2016:
Classified as current assets:
Cash and money market funds		$	73.6			$	73.6			$	—			$	—
Certificates of deposit			1.0				1.0				—				—
Commercial paper			49.2				—				49.2				—
Securities of government-sponsored entities			5.4				—				5.4				—
Corporate debt securities			178.1				—				178.1				—
Subtotal			307.3				74.6				232.7				—
Classified as long-term assets:
Certificates of deposit			4.9				4.9				—				—
Securities of government-sponsored entities			7.5				—				7.5				—
Corporate debt securities			36.0				—				36.0				—
Total			355.7				79.5				276.2				—
Less cash, cash equivalents and restricted cash			(88.1	)			(78.5	)			(9.6	)			—
Total investments		$	267.6			$	1.0			$	266.6			$	—

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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X

- References

No definition available.

+ Details

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