SHORT-TERM INVESTMENTS (Tables)

3 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Short-Term Investments

Our Short-term investments consisted of the following:

	June 30, 2022
			Gross Unrealized
	Cost or Amortized Cost		Gains		Losses		Fair Value
Short-term investments
Bank time deposits	$	16.1	$	—	$	—	$	16.1
Available-for-sale securities:
Corporate bonds	422.5		—		(6.3)		416.2
US Treasuries	5.0		—		—		5.0
Commercial paper	21.9		—		—		21.9
Total Short-term investments	$	465.5	$	—	$	(6.3)	$	459.2

 

	March 31, 2022
			Gross Unrealized
	Cost or Amortized Cost		Gains		Losses		Fair Value
Short-term investments
Bank time deposits	$	131.8	$	—	$	—	$	131.8
Available-for-sale securities:
Corporate bonds	544.3		—		(5.8)		538.5
US Treasuries	23.4		—		—		23.4
Commercial Paper	125.4		—		—		125.4
Certificates of Deposit	1.0		—		—		1.0
Total Short-term investments	$	825.9	$	—	$	(5.8)	$	820.1

Summary of the Contracted Maturities of Short-Term Investments

The following table summarizes the contracted maturities of our short-term investments at June 30, 2022:

	June 30, 2022
	Amortized Cost		Fair Value
Short-term investments
Due in 1 year or less	$	389.4	$	385.4
Due in 1 - 2 years	76.1		73.8
Total Short-term investments	$	465.5	$	459.2