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Investments (Tables)
3 Months Ended
Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]  
Gross Unrealized Gains and (Losses) Aggregated by Investment Category

The following tables show the gross unrealized gains and (losses) aggregated by investment category for available-for-sale investments:

 

As of March 31, 2020:

 

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

(Losses)

 

 

Estimated

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time deposits and certificates of deposit

 

$

10.4

 

 

$

 

 

$

 

 

$

10.4

 

Bankers' acceptance drafts

 

 

2.4

 

 

 

 

 

 

 

 

 

2.4

 

Commercial paper

 

 

26.4

 

 

 

 

 

 

(0.2

)

 

 

26.2

 

U.S. treasury obligations

 

 

10.0

 

 

 

 

 

 

 

 

 

10.0

 

U.S. agency obligations

 

 

12.3

 

 

 

0.1

 

 

 

 

 

 

12.4

 

 

 

$

61.5

 

 

$

0.1

 

 

$

(0.2

)

 

$

61.4

 

 

 

As of March 31, 2020:

 

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

(Losses)

 

 

Estimated

Fair Value

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Group insurance contracts

 

$

5.4

 

 

$

0.6

 

 

$

 

 

$

6.0

 

 

As of December 31, 2019:

 

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

(Losses)

 

 

Estimated

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time deposits and certificates of deposit

 

$

13.1

 

 

$

 

 

$

 

 

$

13.1

 

Bankers' acceptance drafts

 

 

4.0

 

 

 

 

 

 

 

 

 

4.0

 

Commercial paper

 

 

61.5

 

 

 

 

 

 

(0.3

)

 

 

61.2

 

U.S. treasury obligations

 

 

5.0

 

 

 

 

 

 

 

 

 

5.0

 

U.S. agency obligations

 

 

26.1

 

 

 

 

 

 

 

 

 

26.1

 

 

 

$

109.7

 

 

$

 

 

$

(0.3

)

 

$

109.4

 

 

As of December 31, 2019:

 

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

(Losses)

 

 

Estimated

Fair Value

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Group insurance contracts

 

$

5.2

 

 

$

0.6

 

 

$

 

 

$

5.8