Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Lease activity

The following table details AFG’s lease activity for the three months ended March 31, 2019 (dollars in millions):

	Three months ended
	March 31, 2019
Lease expense:
Operating leases	$	11
Short-term leases	—
Total lease expense	$	11
Other operating lease information:
Cash paid for amounts included in the measurement of lease liabilities reported in operating cash flows	$	12
Right-of-use assets obtained in exchange for new lease liabilities	3
Weighted-average remaining lease term	5.9 years
Weighted-average discount rate	4.1		%

Undiscounted contractual maturities of operating lease liabilities

The following table presents the undiscounted contractual maturities of AFG’s operating lease liability at March 31, 2019 (dollars in millions):

	March 31, 2019
Operating lease payments:
Remainder of 2019	$	35
2020	42
2021	36
2022	28
2023	23
Thereafter	51
Total lease payments	215
Impact of discounting	(25		)
Operating lease liability	$	190