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Investments
 9 Months Ended
Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
The Company’s short-term and long-term investments in debt securities had maturity dates that range from one to two years at September 30, 2020. Realized gains or losses for both the three and nine months ended September 30, 2020 and 2019 were insignificant.
The following table provides amortized costs, gross unrealized gains and losses, fair values and the level in the fair value hierarchy for the Company’s investments at September 30, 2020 and December 31, 2019:
(in millions)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueLevel 1
Level 2 (1)
September 30, 2020
U.S. government and agency bonds$52.7 $0.4 $— $53.1 $53.1 $— 
Corporate bonds2.8 — — 2.8 — 2.8 
Certificates of deposit2.7 — — 2.7 — 2.7 
Total short-term investments$58.2 $0.4 $— $58.6 $53.1 $5.5 
Certificates of deposit$0.5 $— $— $0.5 $— $0.5 
Total long-term investments$0.5 $— $— $0.5 $— $0.5 
December 31, 2019
U.S. government and agency bonds$94.7 $0.3 $— $95.0 $85.0 $10.0 
Corporate bonds51.0 0.1 — 51.1 — 51.1 
Certificates of deposit6.3 — — 6.3 — 6.3 
Commercial Paper10.0 — — 10.0 — 10.0 
Total short-term investments$162.0 $0.4 $— $162.4 $85.0 $77.4 
U.S. government and agency bonds$52.9 $0.1 $(0.1)$52.9 $42.9 $10.0 
Corporate bonds2.8 — — 2.8 — 2.8 
Certificates of deposit2.7 — — 2.7 — 2.7 
Total long-term investments$58.4 $0.1 $(0.1)$58.4 $42.9 $15.5 
(1) Fair value was determined using market prices obtained from third-party pricing sources.