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Marketable Investment Securities

9 Months Ended

Sep. 30, 2022

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 for available-for-sale securities by major security type and class of security at September 30, 2022 and December 31, 2021 were as follows:

(in millions)			Amortized cost						Gross unrealized holding gains						Gross unrealized holding losses						Estimated fair value
September 30, 2022
Cash and cash equivalents:
Cash			$	57.8					$	—					$	—					$	57.8
Cash equivalents			52.9						—						—						52.9
Total cash and cash equivalents			110.7						—						—						110.7
Available-for-sale:
Corporate bonds and notes			82.2						—						(1.9)						80.3
Municipal bonds			23.9						—						(0.4)						23.5
Federal agency issues			23.8						—						(0.7)						23.1
U.S. government securities			21.8						—						(0.2)						21.6
Total			$	262.4					$	—					$	(3.2)					$	259.2

(in millions)			Amortized cost						Gross unrealized holding gains						Gross unrealized holding losses						Estimated fair value
December 31, 2021
Cash and cash equivalents:
Cash			$	195.2					$	—					$	—					$	195.2
Cash equivalents			63.2						—						—						63.2
Total cash and cash equivalents			258.4						—						—						258.4
Available-for-sale:
Corporate bonds and notes			105.7						0.1						(0.2)						105.6
Municipal bonds			16.1						—						—						16.1
Federal agency issues			6.8						—						—						6.8
U.S. government securities			11.9						—						—						11.9
Total			$	398.9					$	0.1					$	(0.2)					$	398.8

Cash, cash equivalents, and maturities of debt securities classified as available-for-sale securities were as follows at September 30, 2022:

(in millions)			Amortized cost						Estimated fair value
Cash			$	57.8					$	57.8
Cash equivalents			52.9						52.9
Available-for-sale:
Due within one year			83.4						82.5
Due after one year through five years			68.3						66.0
Due after five years			—						—
Total			$	262.4					$	259.2

Additional information relating to fair value of marketable investment securities can be found in Note 4.

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- References

No definition available.

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X

- 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 https://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 https://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 https://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 https://asc.fasb.org/subtopic&trid=2176304

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph (b)

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