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Investments (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2015

           

Corporate debt securities

   $ 433.1       $ 0.2       $ (0.2    $ 433.1   

U.S. government and agency debt securities

     121.9         —           —           121.9   

Commercial paper

     34.4         —           —           34.4   

Certificates of deposit

     31.0         —           —           31.0   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total short and long-term investments

   $ 620.4       $ 0.2       $ (0.2    $ 620.4   
  

 

 

    

 

 

    

 

 

    

 

 

 

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):

 

     June 30, 2015  
     Amortized
Cost
     Fair Value  

Due in one year or less

   $ 459.0       $ 459.0   

Due after one year through two years

     161.4         161.4   
  

 

 

    

 

 

 

Total

   $ 620.4       $ 620.4