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Marketable Investment Securities

6 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Marketable Investment Securities

MARKETABLE INVESTMENT SECURITIES

The amortized cost, gross unrealized holding gains, gross unrealized holding losses, and fair value debt securities classified as available-for-sale securities by major security type and class of security at December 31, 2020, June 30, 2020 and June 30, 2019 were as follows:

(in millions)			Amortized cost						Gross unrealized holding gains						Gross unrealized holding losses						Estimated fair value
December 31, 2020:
Cash and cash equivalents:
Cash			$	47.9					$	—					$	—					$	47.9
Cash equivalents			69.1						—						—						69.1
Total cash and cash equivalents			117.0						—						—						117.0
Available-for-sale:
Corporate bonds and notes			28.8						0.5						—						29.3
Municipal bonds			9.4						0.2						—						9.6
Federal agency issues			4.0						—						—						4.0
US government securities			11.7						0.1						—						11.8
Total			$	170.9					$	0.8					$	—					$	171.7

(in millions)			Amortized cost						Gross unrealized holding gains						Gross unrealized holding losses						Estimated fair value
June 30, 2020:
Cash and cash equivalents:
Cash			$	132.8					$	—					$	—					$	132.8
Cash equivalents			30.9						—						—						30.9
Total cash and cash equivalents			163.7						—						—						163.7
Available-for-sale:
Corporate bonds and notes			50.1						0.8						—						50.9
Municipal bonds			17.8						0.2						—						18.0
Federal agency issues			5.5						0.1						—						5.6
US government securities			16.4						0.2						—						16.6
Total			$	253.5					$	1.3					$	—					$	254.8

(in millions)			Amortized cost						Gross unrealized holding gains						Gross unrealized holding losses						Estimated fair value
June 30, 2019:
Cash and cash equivalents:
Cash			$	68.7					$	—					$	—					$	68.7
Cash equivalents			24.5						—						—						24.5
Total cash and cash equivalents			93.2						—						—						93.2
Available-for-sale:
Corporate bonds and notes			64.0						0.6						—						64.6
Municipal bonds			15.3						—						—						15.3
Federal agency issues			9.0						—						—						9.0
US government securities			9.7						—						—						9.7
Total			$	191.2					$	0.6					$	—					$	191.8

Cash, cash equivalents, and maturities of debt securities classified as available-for-sale are as follows at December 31, 2020:

(in millions)			Amortized cost						Estimated fair value
Cash			47.9						47.9
Cash equivalents			69.1						69.1
Available-for-sale:
Due within one year			33.5						33.7
Due after one year through five years			20.4						21.0
Due after five years			—						—
Total			$	170.9					$	171.7

There were no debt securities classified as available-for-sale in a gross unrealized loss position as of December 31, 2020, June 30, 2020 or June 30, 2019.

Additional information relating to fair value of marketable investment securities can be found in Note 3.

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- References

No definition available.

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2209399

Reference 2: 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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2176304

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