Cash Equivalents and Investments

12 Months Ended

Dec. 29, 2017

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents, and Short-term Investments

CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

The following table summarizes the Company’s available-for-sale securities:

At the End of Fiscal Year	2017		2016
(In millions)
Available-for-sale securities:
U.S. Treasury securities	$	9.6	$	11.7
Municipal debt securities	—		10.0
Corporate debt securities	96.0		31.7
Time deposit	—		2.4
Commercial paper	100.1		77.5
Total available-for-sale securities	$	205.7	$	133.3
Reported as:
Cash and cash equivalents	$	26.8	$	22.2
Short-term investments	178.9		111.1
Total	$	205.7	$	133.3

The gross realized and unrealized gains or losses on the Company's available-for-sale investments as of the end of fiscal 2017 and 2016 were not significant. As of the end of fiscal 2017, the Company considered the decreases in market value on its available-for-sale investments to be temporary in nature and did not consider any of the investments to be other-than-temporarily impaired.

The following table presents the contractual maturities of the Company's available-for-sale investments:

At the End of Fiscal Year	2017		2016
(In millions)
Due in less than 1 year	$	191.1	$	106.9
Due in 1 to 5 years	14.6		16.4
Due in 5-10 years	—		2.0
Due after 10 years	—		8.0
Total	$	205.7	$	133.3

The Company’s available-for-sale securities are liquid and may be sold 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.