XML 51 R21.htm IDEA: XBRL DOCUMENT  v2.3.0.11
FAIR VALUE OF FINANCIAL INSTRUMENTS (TABLES)
6 Months Ended
Jun. 30, 2011
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
Amounts measured at fair value as of June 30, 2011 are as follows (in millions):
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents
$
55.3


 
$
11.7


 
$


 
$
67.0


Marketable securities
168.5


 
918.0


 


 
1,086.5


Total
$
223.8


 
$
929.7


 
$


 
$
1,153.5






Available-for-sale Securities [Table Text Block]
Marketable securities consisted of the following (in millions):  
 
June 30, 2011


 
December 31, 2010


Amortized Cost:
 
 
 
U.S. government securities
$
363.6


 
$
514.8


Asset-backed obligations
165.7


 
176.8


Other corporate obligations
544.1


 
414.2


 
$
1,073.4


 
$
1,105.8


Fair value:
 


 
 


U.S. government securities
$
368.1


 
$
518.5


Asset-backed obligations
165.2


 
176.7


Other corporate obligations
553.2


 
423.5


 
$
1,086.5


 
$
1,118.7


Available for Sale Securities Gross Unrealized Gains and Losses [Table Text Block]
Gross unrealized gains and losses at June 30, 2011 are presented in the table below (in millions): 
 
 
 
Unrealized Losses
 
 
 
 
 
Unrealized Gains in AOCL
 
Less than 12 months
 
Greater than 12 months
 
Total Unrealized Losses
 
Less: Credit Loss Previously Recorded in Earnings
 
Net Unrealized Losses in AOCL
 
Net Unrealized Gains/(Losses) in AOCL
 
Fair Value of Securities with Unrealized Losses
U.S. Government Securities
$
4.6


 
$
(0.1
)
 
$


 
$
(0.1
)
 
$


 
$
(0.1
)
 
$
4.5


 
$
18.1


Asset-backed obligations
1.1


 
(0.6
)
 
(3.2
)
 
(3.8
)
 
(2.2
)
 
(1.6
)
 
(0.5
)
 
56.8


Other corporate obligations
9.4


 
(0.3
)
 


 
(0.3
)
 


 
(0.3
)
 
9.1


 
109.2


Total
$
15.1


 
$
(1.0
)
 
$
(3.2
)
 
$
(4.2
)
 
$
(2.2
)
 
$
(2.0
)
 
$
13.1


 
$
184.1


Fair Value of Long Term Debt [Table Text Block]
The estimated fair value of the Company’s long-term debt was as follows (in millions):
 
Carrying Amount
 
Fair Value
Long-term debt at June 30, 2011
$
1,408.8


 
$
1,397.6


Long-term debt at December 31, 2010
$
1,534.2


 
$
1,531.0