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Marketable Securities
3 Months Ended
Mar. 31, 2023
Investments Debt And Equity Securities [Abstract]  
Marketable Securities

Note 5 – Marketable securities:

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Cost or

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amortized

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Unrealized

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Market value

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cost

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loss, net

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(In millions)

December 31, 2022:

 

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Current assets

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$

75.1

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$

75.7

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$

(.6)

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Noncurrent assets

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$

1.2

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$

1.2

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$

—

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March 31, 2023:

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Current assets

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$

101.0

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$

101.5

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$

(.5)

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Noncurrent assets

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$

1.6

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$

1.6

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$

—

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Our marketable securities are primarily invested in U.S. government treasuries which are carried at fair value using Level 2 inputs. The fair value of our marketable securities are either determined using Level 1 inputs (because the securities are actively traded)

or determined using Level 2 inputs (because although these securities are traded, in many cases the market is not active and the period-end valuation is generally based on the last trade of the period, which may be several days prior to the end of the period).