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Investments (Tables)
9 Months Ended
Sep. 30, 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-term and short-term investments are disclosed below (amounts in millions).

 

 

 

September 30, 2022

 

 

 

Investment Level

 

Amortized Cost

(Carrying Value)

 

 

Gross Unrealized

Holding Losses

 

 

Estimated

Fair Value

 

Commercial bonds and paper

 

Level 2

 

$

81.7

 

 

$

(0.9

)

 

$

80.8

 

Money market funds

 

Level 1

 

 

43.4

 

 

 

 

 

 

43.4

 

U.S. Treasuries

 

Level 2

 

 

42.8

 

 

 

(0.8

)

 

 

42.0

 

Total cash equivalents and investments

 

 

 

 

167.9

 

 

 

(1.7

)

 

 

166.2

 

Less cash equivalents

 

 

 

 

(44.4

)

 

 

 

 

 

(44.4

)

Total Investments

 

 

 

$

123.5

 

 

$

(1.7

)

 

$

121.8

 

 

 

 

 

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