SHORT-TERM INVESTMENTS

6 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS

Our Short-term investments consisted of the following:

	September 30, 2022
			Gross Unrealized
	Cost or Amortized Cost		Gains		Losses		Fair Value
Short-term investments
Bank time deposits	$	17.3	$	—	$	—	$	17.3
Available-for-sale securities:
Corporate bonds	316.7		—		(5.7)		311.0
US Treasuries	5.0		—		—		5.0
Commercial paper	14.7		—		—		14.7
Total Short-term investments	$	353.7	$	—	$	(5.7)	$	348.0

 

	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

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

	September 30, 2022
	Amortized Cost		Fair Value
Short-term investments
Due in 1 year or less	$	334.2	$	329.2
Due in 1 - 2 years	19.5		18.8
Total Short-term investments	$	353.7	$	348.0