Three Months Ended

March 31,

(In millions)

2025

2024

CCF Cash and Cash Equivalents:

CCF cash and cash equivalents balance at beginning of period

$

230.7

$

599.4

Cash withdrawal for the purchase of U.S. Treasury debt securities and accrued interest

—

(449.8)

Proceeds from U.S. Treasury debt securities at maturity

20.3

—

Interest income on cash and cash equivalents, and CCF investments

4.1

7.2

Repurchase of assigned accounts receivable

100.7

—

Qualifying withdrawal payments out of the CCF

(65.0)

—

Total CCF cash and cash equivalents balance at end of period

290.8

156.8

CCF Investments:

CCF investments balance at beginning of period

411.9

—

Purchase of U.S. Treasury debt securities

—

448.1

Withdrawals of U.S. Treasury debt securities at maturity

(20.3)

—

Accretion of investments

3.0

1.9

Total CCF investments balance at end of period

394.6

450.0

Total CCF cash and cash equivalents, and investments balance at end of period

$

685.4

$

606.8