Investment Securities (Tables)

3 Months Ended

Mar. 31, 2013

Investment Securities

Schedule of principal components of the investment securities

(in millions)	Cost (a)		Gross Unrealized Gain		Gross Unrealized (Loss) excluding OTTI (b)			OTTI Recognized in OCI (b)/(c)		Fair Value (d)
As of March 31, 2013
Student loan auction rate securities	$	17.1	$	0.4	$	—		$	—	$	17.5
Corporate bonds	11.5		—		—			—		11.5
State and municipal obligations	140.3		—		—			—		140.3
Preferred Stock	0.1		1.1		—			—		1.2
Total available-for-sale securities	169.0		1.5		—			—		170.5
Cost method investments	12.9		—		—			—		12.9
Totals	$	181.9	$	1.5	$	—		$	—	$	183.4
As of December 31, 2012
Student loan auction rate securities	$	37.6	$	1.2	$	—		$	—	$	38.8
Corporate bonds	6.6		—		—			—		6.6
State and municipal obligations	134.5		—		(0.1		)	—		134.4
Preferred Stock	0.1		0.5		—			—		0.6
Total available-for-sale securities	178.8		1.7		(0.1		)	—		180.4
Cost method investments	13.4		—		—			—		13.4
Totals	$	192.2	$	1.7	$	(0.1	)	$	—	$	193.8

(a) Represents amortized cost for debt securities.

(b) “OTTI” refers to other-than-temporary impairments.

(c) For debt securities, represents the fair value adjustment excluding that attributable to credit losses.

(d) Represents cost for cost method investments.

Schedule of gross unrealized losses and fair value of the investments in a continuous unrealized loss position, aggregated by investment category and length of time

	Less than 12 months				More than 12 months						Total
(in millions)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Total Fair Value		Unrealized Losses
As of December 31, 2012
State and municipal obligations (a)	$	45.3	$	—	$	0.1	$	—	$	45.4	$	(0.1	)

(a) Unrealized losses less than and greater than 12 months are less than $50,000, respectively.

Schedule of additional information regarding available-for-sale securities

	Three months ended March 31,
(in millions)	2013		2012
Proceeds from sales (a)	$	21.5	$	29.7
Gross realized gains included in earnings as a result of sales (a)	1.0		0.5
Net unrealized gains included in OCI, net of tax	0.8		2.4
Net gains reclassified out of OCI into earnings, net of tax	1.0		0.3

(a) Includes activity resulting from sales and redemptions.

Schedule of maturity information for the investments in debt securities

(in millions)	Fair Value
Due within one year	$	136.5
Due after one year through five years	15.2
Due after 10 years	17.6
Total debt securities	$	169.3