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Investments (Tables)
12 Months Ended
Dec. 31, 2011
Investments [Abstract]  
Investments in short and long-term classified as available-for-sale securities
                                 
   

Amortized

Cost

    Gross Unrealized    

Fair value

 
       Gains     Losses    

As of December 31, 2011

                               

Corporate debt securities

  $ 324.8     $ 0.2     $ (0.3 )    $ 324.7  

U.S. government and agency debt securities

    177.1       0.1       –       177.2  

Municipal bonds

    1.0       –       –       1.0  

Foreign government debt securities

    6.8       –       –       6.8  

Commercial paper

    74.5       –       –       74.5  

Certificates of deposit

    88.5       –       –       88.5  

 

   

 

 

   

 

 

   

 

 

 

Total short and long-term investments

  $ 672.7     $ 0.3     $ (0.3 )    $ 672.7  

 

   

 

 

   

 

 

   

 

 

 

As of December 31, 2010

                               

Corporate debt securities

  $ 203.9     $ 0.1     $ (0.2 )    $ 203.8  

U.S. government and agency debt securities

    47.9       –       –       47.9  

Municipal bonds

    1.1       –       –       1.1  

Foreign government debt securities

    10.3       –       –       10.3  

Commercial paper

    16.1       –       –       16.1  

Certificates of deposit

    131.5       –       (0.1 )      131.4  

 

   

 

 

   

 

 

   

 

 

 

Total short and long-term investments

  $ 410.8     $ 0.1     $ (0.3 )    $ 410.6  

 

   

 

 

   

 

 

   

 

 

 
Fair values and gross unrealized losses for all available-for-sale securities in an unrealized loss position deemed to be temporary

The following table shows the fair value and gross unrealized losses for all available-for-sale securities in an unrealized loss position deemed to be temporary (in millions):

 

                                 
    As of December 31, 2011     As of December 31, 2010  
     Fair
Value
    Unrealized
Losses
    Fair
value
    Unrealized
Losses
 

Corporate debt securities

  $ 164.5     $ (0.3 )    $ 126.1     $ (0.2 ) 

Certificates of deposit

    –       –       50.6       (0.1 ) 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 164.5     $ (0.3 )    $ 176.7     $ (0.3 ) 

 

   

 

 

   

 

 

   

 

 

 
The cost and fair value of available-for-sale fixed-maturity securities by contractual maturity

The amortized cost and fair value of our available-for-sale fixed-maturity securities by contractual maturity are as follows (in millions):

 

                 
As of December 31, 2011   Amortized Cost     Fair
Value
 

Due in one year or less

  $ 455.4     $ 455.5  

Due after one year through two years

    217.3       217.2  

 

   

 

 

 

Total

  $ 672.7     $ 672.7