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SHORT-TERM INVESTMENTS: (Tables)
12 Months Ended
Dec. 31, 2024
SHORT-TERM INVESTMENTS:  
Schedule of short-term investments

Short-term investments were as follows ($ in millions):

At December 31, 

 

2024

    

2023

 

Trading securities

$

245.2

$

599.1

Weighted average interest rate

 

4.7

%  

 

5.7

%

Available-for-sale

$

0.2

$

0.2

Weighted average interest rate

 

0.9

%  

 

0.8

%

Total

$

245.3

$

599.3

Summary of activity investments

The following table summarizes the activity of these investments by category (in millions):

Years ended

 

December 31, 

2024

    

2023

 

Trading:

Interest earned

$

25.7

$

21.0

Unrealized gain (loss) at the end of the period

$

(*)  

$

(*)  

Available-for-sale:

Interest earned

$

(*)  

$

(*)  

Investment redeemed

$

$

0.1

(*)   Less than $0.1 million

Schedule of contractual maturities of the Company's available-for-sale debt securities

At December 31, 2024 and 2023, contractual maturities of the available-for-sale debt securities are as follows (in millions):

    

2024

    

2023

One year or less

$

$

Maturing after one year through five years

 

 

Maturing after five years through ten years

 

 

Due after 10 years

 

0.2

 

0.2

Total debt securities

$

0.2

$

0.2