CASH EQUIVALENTS AND INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

The following table summarizes the Company’s available-for-sale securities at the end of the first quarter of fiscal 2017 and at the end of fiscal 2016.



	First Quarter of Fiscal 2017		At the end of Fiscal 2016
(In millions)
Available-for-sale securities:
U.S. Treasury securities	$	9.6	$	11.7
Municipal debt securities	10.0		10.0
Corporate debt securities	65.9		31.7
Time deposit	2.4		2.4
Commercial paper	83.8		77.5
Total available-for-sale securities	$	171.7	$	133.3

Reported as:
Cash equivalents	$	29.9	$	22.2
Short-term investments	141.8		111.1
Total	$	171.7	$	133.3

The Company’s available-for-sale securities are liquid and may be sold in the future to fund future operating needs. As a result, the Company recorded all of its available-for-sale securities, not classified as Cash equivalents, in Short-term investments regardless of the contractual maturity date of the securities.

Investments Classified by Contractual Maturity Date

first quarter of fiscal 2017.



	First Quarter of Fiscal 2017
(In millions)	Amortized Cost
Due in less than 1 year	$	144.2
Due in 1 to 5 years	17.5
Due in 5-10 years	2.0
Due after 10 years	8.0
Total	$	171.7

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details