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OTHER INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2019
OTHER INVESTMENTS  
Schedule of principal components of other investments, which are carried at fair value

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December 31, 2019

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December 31, 2018

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Amortized

    

Unrealized

    

Unrealized

    

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Amortized

    

Unrealized

    

Unrealized

    

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Cost

    

Gains

    

Losses

    

Fair Value

    

Cost

    

Gains

    

Losses

    

Fair Value

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(in millions)

Marketable securities

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$

257.2

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$

3.0

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$

(0.4)

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$

259.8

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$

272.8

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$

0.1

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$

(6.5)

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$

266.4

U.S. Treasury bonds

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—

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—

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—

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—

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25.0

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—

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(0.1)

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24.9

Total

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$

257.2

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$

3.0

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$

(0.4)

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$

259.8

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$

297.8

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$

0.1

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$

(6.6)

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$

291.3

Schedule of unrealized losses and fair value for investments that were in an unrealized loss position, aggregated by investment category and the length of time that individual securities have been in a continuous loss position

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December 31, 2019

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Less than 12 months

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12 Months or Greater

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Total

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Unrealized

    

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Unrealized

    

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Unrealized

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Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

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(in millions)

Marketable securities

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$

18.8

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$

(0.2)

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$

13.1

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$

(0.2)

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$

31.9

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$

(0.4)

Total

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$

18.8

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$

(0.2)

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$

13.1

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$

(0.2)

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$

31.9

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$

(0.4)

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December 31, 2018

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Less than 12 months

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12 Months or Greater

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Total

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Unrealized

    

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Unrealized

    

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Unrealized

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Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

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(in millions)

Marketable securities

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$

57.3

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$

(0.5)

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$

164.0

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$

(6.0)

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$

221.3

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$

(6.5)

U.S. Treasury bonds

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—

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—

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24.9

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(0.1)

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24.9

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(0.1)

Total

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$

57.3

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$

(0.5)

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$

188.9

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$

(6.1)

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$

246.2

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$

(6.6)

Schedule of securities by contractual maturity date

The amortized cost and estimated fair value of the marketable securities and U.S. Treasury bonds at December 31, 2019 by contractual maturity are as follows:

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Amortized

    

Estimated

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Cost

    

Fair Value

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(in millions)

Due in one year or less

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$

31.3

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$

31.3

Due after one year through five years

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1.7

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1.7

Due after five years through ten years

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—

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—

Due after ten years

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224.2

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226.8

Total

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$

257.2

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$

259.8