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REDEMPTION SETTLEMENT ASSETS (Tables)
12 Months Ended
Dec. 31, 2019
REDEMPTION SETTLEMENT ASSETS  
Schedule of redemption settlement assets

December 31, 2019

December 31, 2018

Amortized

Unrealized

Unrealized

Amortized

Unrealized

Unrealized

 

    

Cost

    

Gains

    

Losses

    

Fair Value

    

Cost

    

Gains

    

Losses

    

Fair Value

(in millions)

Restricted cash

 

$

39.3

 

$

 

$

 

$

39.3

 

$

43.9

 

$

 

$

 

$

43.9

Mutual funds

25.1

25.1

23.2

23.2

Corporate bonds

536.0

2.4

(2.0)

536.4

497.5

0.1

(6.1)

491.5

Total

 

$

600.4

 

$

2.4

 

$

(2.0)

 

$

600.8

 

$

564.6

 

$

0.1

 

$

(6.1)

 

$

558.6

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

December 31, 2019

Less than 12 months

12 Months or Greater

Total

Unrealized

Unrealized

Unrealized

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

(in millions)

Corporate bonds

 

$

166.6

$

(1.3)

$

155.1

$

(0.7)

$

321.7

 

$

(2.0)

Total

$

166.6

$

(1.3)

$

155.1

$

(0.7)

$

321.7

$

(2.0)

December 31, 2018

Less than 12 months

12 Months or Greater

Total

Unrealized

Unrealized

Unrealized

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

(in millions)

Corporate bonds

$

31.2

$

(0.1)

$

414.4

$

(6.0)

$

445.6

 

$

(6.1)

Total

$

31.2

$

(0.1)

$

414.4

$

(6.0)

$

445.6

$

(6.1)

Schedule of redemption settlement assets by contractual maturity date

    

Amortized

    

Estimated

    

Cost

    

Fair Value

(in millions)

Due in one year or less

$

129.5

$

129.4

Due after one year through five years

 

427.8

 

428.2

Due after five year through ten years

3.8

3.9

Total

$

561.1

$

561.5