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Investments (Tables)
3 Months Ended
Mar. 31, 2016
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         
        Gains      Losses      Fair Value  

As of March 31, 2016

           

Corporate debt securities

   $ 49.9       $ 0.1       $ (0.1    $ 49.9   

As of December 31, 2015

           

Corporate debt securities

   $ 245.7       $ 0.1       $ (0.4    $ 245.4   

U.S. government and agency debt securities

     21.6         —           (0.1      21.5   

Commercial paper

     4.2         —           —           4.2   

Certificates of deposit

     2.0         —           —           2.0   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total short and long-term investments

   $ 273.5       $ 0.1       $ (0.5    $ 273.1   
  

 

 

    

 

 

    

 

 

    

 

 

 
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):

 

     March 31, 2016  
     Amortized Cost      Fair Value  

Due in one year or less

   $ 13.4       $ 13.4   

Due after one year through two years

     36.5         36.5   
  

 

 

    

 

 

 

Total

   $ 49.9       $ 49.9