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Investments (Tables)
3 Months Ended
Mar. 31, 2022
Schedule Of Investments [Abstract]  
Schedule of Fair Value of Cash Equivalents, Long and Short Term Investments

The fair value of the cash equivalents, long- and short-term investments are disclosed below (amounts in millions).

 

 

March 31, 2022

 

 

 

Investment Level

 

Amortized Cost

(Carrying Value)

 

 

Gross Unrealized

Holding Losses

 

 

Estimated

Fair Value

 

Commercial bonds and paper

 

Level 2

 

$

119.5

 

 

$

0.8

 

 

$

118.8

 

Money market funds

 

Level 1

 

 

50.7

 

 

 

 

 

 

50.7

 

U.S. Treasuries

 

Level 2

 

 

49.3

 

 

 

0.5

 

 

 

48.8

 

Total cash equivalents and investments

 

 

 

$

219.5

 

 

$

1.3

 

 

$

218.3

 

Less cash equivalents

 

 

 

 

(53.8

)

 

 

 

 

 

(53.8

)

Total Investments

 

 

 

$

165.7

 

 

$

1.3

 

 

$

164.5

 

 

 

 

December 31, 2021

 

 

 

Investment Level

 

Amortized Cost

(Carrying Value)

 

 

Gross Unrealized

Holding Losses

 

 

Estimated

Fair Value

 

Commercial bonds and paper

 

Level 2

 

$

115.2

 

 

$

0.2

 

 

$

115.0

 

Money market funds

 

Level 1

 

 

21.3

 

 

 

 

 

 

21.3

 

U.S. Treasuries

 

Level 2

 

 

23.9

 

 

 

0.1

 

 

 

23.8

 

Total cash equivalents and investments

 

 

 

$

160.4

 

 

$

0.3

 

 

$

160.1

 

Less cash equivalents

 

 

 

 

(23.8

)

 

 

 

 

 

(23.8

)

Total Investments

 

 

 

$

136.6

 

 

$

0.3

 

 

$

136.3