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Investments (Tables)
3 Months Ended
Mar. 31, 2014
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
Cost
     Gross
Unrealized
    Fair value  
        Gains      Losses    

As of March 31, 2014

          

Corporate debt securities

   $ 288.7       $ 0.3       $ (0.1 )    $ 288.9   

U.S. government and agency debt securities

     199.2         —         —        199.2   

Foreign government debt securities

     8.1         —         —        8.1   

Commercial paper

     267.3         —         (0.1 )      267.2   

Certificates of deposit

     60.5         —         —        60.5   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total short and long-term investments

   $ 823.8       $ 0.3       $ (0.2 )    $ 823.9   
  

 

 

    

 

 

    

 

 

   

 

 

 

As of December 31, 2013

          

Corporate debt securities

   $ 457.6       $ 0.4       $ (0.1 )    $ 457.9   

U.S. government and agency debt securities

     211.1         0.1         —        211.2   

Foreign government debt securities

     3.1         —         —        3.1   

Commercial paper

     68.3         —         —        68.3   

Certificates of deposit

     67.2         —         —        67.2   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total short and long-term investments

   $ 807.3       $ 0.5       $ (0.1 )    $ 807.7   
  

 

 

    

 

 

    

 

 

   

 

 

 

 

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, 2014  
     Amortized
Cost
     Fair Value  

Due in one year or less

   $ 705.4       $ 705.4   

Due after one year through two years

     118.4         118.5   
  

 

 

    

 

 

 

Total

   $ 823.8       $ 823.9