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Investments (Tables)
3 Months Ended
Mar. 31, 2012
Investments [Abstract]  
Investments in short and long-term classified as available-for-sale securities

We invest in short and long-term investments classified as available-for-sale securities. Information regarding our investments is as follows (in millions):

 

                                 
    Amortized
Cost
    Gross
Unrealized
    Fair value  
      Gains     Losses    

As of March 31, 2012

                               

Corporate debt securities

  $ 331.1     $ 0.4     $ (0.1   $ 331.4  

U.S. government and agency debt securities

    200.5             (0.1     200.4  

Foreign government debt securities

    2.8                   2.8  

Commercial paper

    127.3                   127.3  

Certificates of deposit

    90.1                   90.1  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total short and long-term investments

  $ 751.8     $ 0.4     $ (0.2   $ 752.0  
   

 

 

   

 

 

   

 

 

   

 

 

 

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  
   

 

 

   

 

 

   

 

 

   

 

 

 
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):

 

                                 
    March 31, 2012     December 31, 2011  
    Fair Value     Unrealized
Losses
    Fair value     Unrealized
Losses
 

Corporate debt securities

  $ 131.1     $ (0.1   $ 164.5     $ (0.3

U.S. government and agency debt securities

    173.0       (0.1            
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 304.1     $ (0.2   $ 164.5     $ (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):

 

                 
    March 31, 2012  
    Amortized
Cost
    Fair Value  

Due in one year or less

  $ 555.0     $ 555.1  

Due after one year through two years

    196.8       196.9  
   

 

 

   

 

 

 

Total

  $ 751.8     $ 752.0