Western Union 2015 Annual Report Download - page 219

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THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
117
The components of investment securities are as follows (in millions):
December 31, 2015
Amortized
Cost
Fair
Value
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Net
Unrealized
Gains/
(Losses)
Settlement assets:
Available-for-sale securities:
State and municipal debt securities (a) . . . . . . . . . . . . $ 1,040.3 $ 1,052.5 $ 14.2 $ (2.0) $ 12.2
State and municipal variable rate demand notes. . . . . 42.9 42.9 — — —
Corporate and other debt securities . . . . . . . . . . . . . . 67.3 67.2 — (0.1)(0.1)
1,150.5 1,162.6 14.2 (2.1) 12.1
Other assets:
Held-to-maturity securities:
Foreign corporate debt securities . . . . . . . . . . . . . . . . 9.3 9.3 — — —
$ 1,159.8 $ 1,171.9 $ 14.2 $ (2.1) $ 12.1
December 31, 2014
Amortized
Cost
Fair
Value
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Net
Unrealized
Gains/
(Losses)
Settlement assets:
State and municipal debt securities (a). . . . . . . . . . . . . . $ 1,024.2 $ 1,038.1 $ 15.1 $ (1.2) $ 13.9
State and municipal variable rate demand notes . . . . . . 316.8 316.8 — — —
Corporate and other debt securities . . . . . . . . . . . . . . . . 70.5 70.5 0.1 (0.1) —
Short-term state and municipal bond mutual fund . . . . . 47.1 47.1 — — —
$ 1,458.6 $ 1,472.5 $ 15.2 $ (1.3) $ 13.9
____________
(a) The majority of these securities are fixed rate instruments.
There were no investments with a single issuer or individual securities representing greater than 10% of total investment
securities as of December 31, 2015 and 2014.
The following summarizes the contractual maturities of settlement-related debt securities as of December 31, 2015 (in
millions):
Amortized
Cost
Fair
Value
Due within 1 year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 195.5 $ 196.0
Due after 1 year through 5 years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 499.9 500.9
Due after 5 years through 10 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 394.9 405.5
Due after 10 years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60.2 60.2
$ 1,150.5 $ 1,162.6
201 FORM 10 K
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