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INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2012
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 December 31, 2012

          

Corporate debt securities

   $ 383.6       $ 0.3       $ (0.1 )    $ 383.8   

U.S. government and agency debt securities

     295.8         0.1         –        295.9   

Foreign government debt securities

     5.0         –         –        5.0   

Commercial paper

     138.7         –         –        138.7   

Certificates of deposit

     92.2         0.1         –        92.3   

 

    

 

 

    

 

 

   

 

 

 

Total short and long-term investments

   $ 915.3       $ 0.5       $ (0.1 )    $ 915.7   

 

    

 

 

    

 

 

   

 

 

 

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 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, 2012     As of December 31, 2011  
      Fair
Value
    

Unrealized

Losses

    Fair
value
    

Unrealized

Losses

 

Corporate debt securities

   $ 144.2       $ (0.1 )    $ 164.5       $ (0.3 ) 
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, 2012    Amortized Cost     

Fair

Value

 

Due in one year or less

   $ 671.3       $ 671.6   

Due after one year through two years

     244.0         244.1   

 

    

 

 

 

Total

   $ 915.3       $ 915.7