Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Marketable debt and equity securities

The following tables summarize our marketable debt and equity securities, classified as available-for-sale:

As of September 30, 2015 (In millions)	Fair Value		Gross Unrealized Gains		Gross Unrealized Losses			Amortized Cost
Corporate debt securities
Current	$	272.1	$	—	$	(0.1	)	$	272.2
Non-current	767.8		0.7		(1.3		)	768.4
Government securities
Current	1,481.4		0.6		—			1,480.8
Non-current	929.7		0.8		(0.3		)	929.2
Mortgage and other asset backed securities
Current	—		—		—			—
Non-current	249.9		0.2		(0.5		)	250.2
Total marketable debt securities	$	3,700.9	$	2.3	$	(2.2	)	$	3,700.8
Marketable equity securities, non-current	$	25.7	$	0.9	$	(3.4	)	$	28.2

As of December 31, 2014 (In millions)	Fair Value		Gross Unrealized Gains		Gross Unrealized Losses			Amortized Cost
Corporate debt securities
Current	$	370.4	$	—	$	(0.2	)	$	370.6
Non-current	692.6		0.2		(1.5		)	693.9
Government securities
Current	269.9		—		(0.1		)	270.0
Non-current	579.9		0.3		(0.4		)	580.0
Mortgage and other asset backed securities
Current	0.2		—		—			0.2
Non-current	198.1		0.2		(0.2		)	198.1
Total marketable debt securities	$	2,111.1	$	0.7	$	(2.4	)	$	2,112.8
Marketable equity securities, non-current	$	6.9	$	1.2	$	(0.2	)	$	5.9

Summary of financial assets with maturities of less than 90 days included within cash and cash equivalents

The following table summarizes our financial assets with maturities of less than 90 days from the date of purchase included in cash and cash equivalents on the accompanying condensed consolidated balance sheet:

(In millions)	As of September 30, 2015		As of December 31, 2014
Commercial paper	$	21.4	$	54.2
Overnight reverse repurchase agreements	188.3		305.0
Money market funds	3,119.1		321.2
Short-term debt securities	475.4		35.9
Total	$	3,804.2	$	716.3

Summary of contractual maturities: available-for-sale securities

The estimated fair value and amortized cost of our marketable debt securities classified as available-for-sale by contractual maturity are summarized as follows:

	As of September 30, 2015				As of December 31, 2014
(In millions)	Estimated Fair Value		Amortized Cost		Estimated Fair Value		Amortized Cost
Due in one year or less	$	1,753.5	$	1,753.0	$	640.5	$	640.8
Due after one year through five years	1,820.1		1,820.3		1,343.7		1,345.2
Due after five years	127.3		127.5		126.9		126.8
Total available-for-sale securities	$	3,700.9	$	3,700.8	$	2,111.1	$	2,112.8

Proceeds from marketable debt securities

The proceeds from maturities and sales of marketable debt securities and resulting realized gains and losses are summarized as follows:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
(In millions)	2015			2014			2015			2014
Proceeds from maturities and sales	$	2,387.9		$	625.4		$	3,363.4		$	1,942.9
Realized gains	$	0.7		$	—		$	1.3		$	0.4
Realized losses	$	(2.0	)	$	(0.1	)	$	(2.9	)	$	(0.3	)