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CASH EQUIVALENT AND INVESTMENTS
 6 Months Ended
Jun. 30, 2019
Cash and Cash Equivalents [Abstract]  
CASH EQUIVALENT AND INVESTMENT

NOTE 8. CASH EQUIVALENTS AND INVESTMENTS

 

The table below provides additional information on the Company’s cash equivalents and investments:

 

 

 

As of June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Balance sheet location

 

 

 

Cost

 

Gross Unrealized Gains

 

Fair Value

 

Cash and cash equivalents

 

Short-term investments

 

Other assets

Certificates of deposit and money market deposit accounts (1)

 

$

437.5

 

$

-

 

$

437.5

 

$

327.4

 

$

104.5

 

$

5.6

Open ended mutual funds

 

$

13.5

 

$

1.6

 

$

15.1

 

$

-

 

$

15.0

 

$

0.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Balance sheet location

 

 

 

Cost

 

Gross Unrealized Gains

 

Fair Value

 

Cash and cash equivalents

 

Short-term investments

 

Other assets

Money market mutual funds

 

$

15.2

 

$

-

 

$

15.2

 

$

15.2

 

$

-

 

$

-

Certificates of deposit and money market deposit accounts (1)

 

$

1,022.4

 

$

-

 

$

1,022.4

 

$

904.3

 

$

115.8

 

$

2.3

Open ended mutual funds

 

$

29.5

 

$

3.8

 

$

33.3

 

$

-

 

$

16.7

 

$

16.6

(1)

Consists of time deposits and money market deposit accounts. The remaining contractual maturities for the certificates of deposits classified as short-term investments were one month to 12 months at both June 30, 2019 and December 31, 2018. The remaining contractual maturities for the certificates of deposits classified in other assets are 13 to 24 months at June 30, 2019 and 14 to 36 months at December 31, 2018. Time deposits with a maturity of less than 90 days at time of purchase are classified as cash and cash equivalents.