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Investments (Tables)
3 Months Ended
Mar. 31, 2015
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, 2015

           

Corporate debt securities

   $ 494.2       $ 0.4       $ (0.2    $ 494.4   

U.S. government and agency debt securities

     133.7         —           —           133.7   

Commercial paper

     34.4         —           —           34.4   

Certificates of deposit

     37.9         —           —           37.9   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total short and long-term investments

$ 700.2    $ 0.4    $ (0.2 $ 700.4   
  

 

 

    

 

 

    

 

 

    

 

 

 

As of December 31, 2014

Corporate debt securities

$ 516.9    $ 0.1    $ (0.5 $ 516.5   

U.S. government and agency debt securities

  194.3      —        —        194.3   

Commercial paper

  57.8      —        —        57.8   

Certificates of deposit

  100.3      —        —        100.3   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total short and long-term investments

$ 869.3    $ 0.1    $ (0.5 $ 868.9   
  

 

 

    

 

 

    

 

 

    

 

 

 
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, 2015  
     Amortized
Cost
     Fair
Value
 

Due in one year or less

   $ 488.3       $ 488.4   

Due after one year through two years

     211.9         212.0   
  

 

 

    

 

 

 

Total

$ 700.2    $ 700.4