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Investments (Tables)
6 Months Ended
Jun. 30, 2013
Investments Debt And Equity Securities [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      Gross Unrealized        
     Cost      Gains      Losses     Fair value  

As of June 30, 2013

          

Corporate debt securities

   $ 392.7       $ 0.1       $ (0.8   $ 392.0   

U.S. government and agency debt securities

     271.6         0.1         (0.1     271.6   

Commercial paper

     49.0         —           —          49.0   

Certificates of deposit

     87.4         0.1         —          87.5   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total short and long-term investments

   $ 800.7       $ 0.3       $ (0.9   $ 800.1   
  

 

 

    

 

 

    

 

 

   

 

 

 

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   
  

 

 

    

 

 

    

 

 

   

 

 

 
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):

 

     June 30, 2013     December 31, 2012  
     Fair Value      Unrealized
Losses
    Fair value      Unrealized
Losses
 

Corporate debt securities

   $ 251.6       $ (0.8   $ 144.2       $ (0.1

U.S. government and agency debt securities

     161.5         (0.1     —           —     
  

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 413.1       $ (0.9   $ 144.2       $ (0.1
  

 

 

    

 

 

   

 

 

    

 

 

 
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):

 

     June 30, 2013  
     Amortized
Cost
     Fair Value  

Due in one year or less

   $ 525.9       $ 525.9   

Due after one year through two years

     274.8         274.2   
  

 

 

    

 

 

 

Total

   $ 800.7       $ 800.1